Bain Capital-Backed Surgery Partners Acquires Nevada Surgical Suites
Surgery Partners, Inc., backed by Bain Capital, announced that it has expanded its ambulatory surgery center (ASC) presence with the acquisition of Nevada Surgical Suites (NSS). NSS founded in 2009 by Dr. Alain Coppel, is a portfolio of ASCs affiliated with the premier provider of outpatient interventional pain management in Nevada. It has two locations in Las Vegas. Surgery Partners is a leading operator of surgical facilities and ancillary services with more than 180 locations nationwide. It is based out of Brentwood, Tennessee. Hyde Park Capital served as the exclusive investment banker and financial advisor to NSS. Epstein Becker Green served as legal counsel to... Read More »
Aveanna Healthcare Calls Off Maxim Home Health Merger
The Federal Trade Commission has done it again. The agency closed its investigation into the merger of Aveanna Healthcare with Maxim Healthcare’s home health division, announced in February 2019. We’re accustomed to seeing headlines every few months saying the FTC plans to tighten scrutiny of hospital mergers and acquisitions. The anti-trust division has been active in the hospital sector, the majority of announced hospital mergers more often collapse under their own, unique conditions. Just last year, Care New England ended merger talks with Lifespan and Brown University, after seeing its merger with Boston’s Partners HealthCare shot down by Rhode Island’s... Read More »eHealth Activity Climbs in Q3
The eHealth sector came out swinging this quarter, reporting 51 deals, according to our Deal Search Online database. That’s a modest 9% uptick over Q2:19 deals, but a 38% increase over the same quarter in 2018. Year-to-date totals tell a similar story. In 2018, the first three quarters reported 146 deals, while 2019 clocks in with 151 deals so far. Announced prices have followed suit as well. By the end of the third quarter in 2018, there were roughly $12.8 billion in disclosed prices, but in 2019 we’ve seen approximately $17.9 billion in the sector. Four deals disclosed prices north of a billion dollars in the first three quarters of 2018, including Verscend Technologies,... Read More »eHealth Deals Remain Active in August
August proved to be another busy month for eHealth transactions. According to our Deal Search Online database, there were 18 acquisitions in the eHealth sector in July 2019, and 17 in August. The most popular targets this month were cloud-based and data-analytics providers. There were eight digital health transactions with that focus, including Water Street Healthcare Partners and JLL Partners’ acquisition of THREAD, a virtual research platform used by biopharma, contract research organizations, not-for-profit researchers and life science organizations to capture global clinical study data for clinical studies. Water Street and JLL will invest to further develop and expand... Read More »Schedule a demo
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