The Cigna Group Completes Sale of Medicare Businesses to HCSC

The Cigna Group Completes Sale of Medicare Businesses to HCSC

More than a year after the original deal announcement, The Cigna Group announced on March 19 the successful completion of the sale of its Medicare assets to Health Care Service Corporation (HCSC). The assets include Cigna’s Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D and CareAllies businesses. The divestment of these assets streamlines Cigna’s portfolio and enables it to drive further innovation to support customers. HCSC is the United States’ largest customer-owned health insurer with nearly 17.5 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. HCSC was formerly known as Hospital Service Corporation and changed its... Read More »
The START Center for Cancer Research Adds Carolina Urologic Research Center to Network

The START Center for Cancer Research Adds Carolina Urologic Research Center to Network

The START Center for Cancer Research announced on March 18 the expansion of its network with the acquisition of Carolina Urologic Research Center (CURC) located in Myrtle Beach, South Carolina. Financial terms of the deal were not disclosed. CURC is a clinical research clinic specializing in genitourinary (GU) oncology. Under the direction of Dr. Neal Shore, CURC conducts phase I – IV drug, biotechnology and device trials focusing on urological diseases. CURC has conducted nearly 500 clinical trials, making it the top urologic oncology site worldwide by both volume and quality. CURC is a separate and independent research arm of Grand Strand Urology, a division of Atlantic Urology Clinics.... Read More »
Caldera Medical Picks Up Ethicon’s GYNECARE TVT Family of Products

Caldera Medical Picks Up Ethicon’s GYNECARE TVT Family of Products

Caldera Medical announced that it acquired Ethicon’s Gynecare TVT family of products and will transition the products in the coming months. Ethicon’s Gynecare TVT product line (consisting of TVT, TVT Exact, TVT-O and TVT Abbrevo) provides minimally invasive treatment options for women with stress urinary incontinence. Ethicon is a subsidiary of Johnson & Johnson. The company is part of the Johnson & Johnson MedTech business segment and was incorporated as a separate company under the Johnson & Johnson umbrella in 1949 to expand and diversify the Johnson & Johnson product line. Headquartered in Westlake, California, Caldera Medical is a privately held women’s health... Read More »
USOSM Enters Wisconsin Market And Bolsters Oregon Presence With 2 New Partner Practices

USOSM Enters Wisconsin Market And Bolsters Oregon Presence With 2 New Partner Practices

U.S. Oral Surgery Management (USOSM), a portfolio company of Oak Hill Capital Partners, announced on March 20 that it secured two new partner practices, including one in Wisconsin, USOSM’s first partner practice in that state. The new partners are Wisconsin Oral Surgery & Dental Implants SC with one location in Wisconsin, and Clemens Oral Surgery with two locations in Oregon. Financial terms of the deal were not disclosed. Wisconsin Oral Surgery & Dental Implants, SC is a premier oral maxillofacial surgery (OMS) practice located in Milwaukee. Led by Anthony L. Ragonese, DDS, a board-certified oral and maxillofacial surgeon and a Milwaukee native, the practice provides wisdom teeth... Read More »
DispatchHealth and Medically Home to Merge 

DispatchHealth and Medically Home to Merge 

On March 17, it was announced that DispatchHealth and Medically Home entered into an agreement to merge. Once the deal closes, Medically Home will become part of DispatchHealth.   Medically Home is a technology-enabled services company that provides the clinical intellectual property, technology platform and coordination of acute rapid-response services. This allows medical providers to shift advanced medical care from hospitals to patients’ homes.  DispatchHealth provides on-demand acute care and an advanced level of medical care for people of all ages in the comfort of their own homes. The company works closely with payers, providers, health systems, EMS, employer groups... Read More »
Clario Announces Second Acquisition of March 2025

Clario Announces Second Acquisition of March 2025

Clario announced on March 17 that it has acquired Canadian company NeuroRx. This marks Clario’s second acquisition of the month. Based in Montreal, Quebec, NeuroRx is an imaging contract research organization (CRO) that works with the pharmaceutical industry to bring new drugs to market. NeuroRx offers a full set of services including protocol development, qualification and supervision of MRI facilities, as well as collection and analysis of standardized image data. Clario, formerly ERT and Bioclinica, is a CRO specializing in clinical services and customizable medical devices to biopharmaceutical and healthcare organizations. The company is based in Philadelphia, Pennsylvania. Earlier in... Read More »
DOCS Dermatology Group Acquires Charlotte Dermatology 

DOCS Dermatology Group Acquires Charlotte Dermatology 

On March 12, Physician Growth Partners (PGP) announced that it advised Charlotte Dermatology in its acquisition by DOCS Dermatology Group. PGP served as the exclusive advisor to Charlotte Dermatology in its evaluation, negotiation and execution of this partnership.  Founded in 1939, Charlotte Dermatology is a dermatology practice with eight locations in the Charlotte, North Carolina and Myrtle Beach, South Carolina areas. According to its website, the practice has a team of three providers and 15 physician assistants.  Headquartered in Cincinnati, Ohio, DOCS Dermatology Group has developed into one of the largest dermatology management platforms in the United States with more... Read More »
Navigating Behavioral Health Trends and Valuations: M&A Healthcare Advisors’ 2025 Outlook

Navigating Behavioral Health Trends and Valuations: M&A Healthcare Advisors’ 2025 Outlook

Activity in the Behavioral Health Care (BHC) mergers and acquisitions (M&A) market is ramping up after a few slow years. As treatment providers and investors navigate this dealmaking landscape, the sector is poised for significant activity in 2025 and beyond. To unpack these trends, the LevinPro HC team spoke with Andre Ulloa, Founder and Managing Director at M&A Healthcare Advisors, who shared insights into the forces shaping the market and where it’s headed next. M&A Healthcare Advisors has carved out a niche in the BHC M&A space by specializing in navigating complex, lower-middle market deals. This focus helps the firm tackle the real hurdles in the behavioral... Read More »
Mallinckrodt and Endo Agree to Combine in a Deal Valued at $6.7 Billion

Mallinckrodt and Endo Agree to Combine in a Deal Valued at $6.7 Billion

Mallinckrodt plc and Endo, Inc. announced that they have entered into a definitive agreement to combine in a stock and cash transaction. Mallinckrodt will continue as the holding company for the combined business, and Endo will become a wholly-owned subsidiary of Mallinckrodt. The transaction is expected to close in the second half of 2025. In this deal, the upfront purchase price is $80 million, representing the cash payment to Endo shareholders, while they also receive a 49.9% stake in the combined company, with Mallinckrodt shareholders holding 50.1%. The combined entity has an implied pro forma enterprise value of $6.7 billion. Endo is a diversified specialty pharmaceutical company... Read More »
EvidenceCare Acquires Agathos in Second Transaction

EvidenceCare Acquires Agathos in Second Transaction

Brentwood, Tennessee-based EvidenceCare announced that it has acquired Agathos in Boulder, Colorado. The purchase price was not disclosed. Agathos is a healthcare IT and physician analytics company. Its mission is to organize health data, generate care insights and improve patient outcomes. EvidenceCare is the leading clinical decision support system with an electronic health record-integrated platform that optimizes clinician workflows to deliver better patient care, reduce hospital costs and capture more revenue. This marks EvidenceCare’s second acquisition in its history. The company also acquired Healthcare Value Analytics in 2021. That deal was how EvidenceCare was introduced to... Read More »