Generational Group Advises Health Quest Chiropractic & Physical Therapy in Partnership with Chiropractic Health Partners

Generational Group Advises Health Quest Chiropractic & Physical Therapy in Partnership with Chiropractic Health Partners

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, announced on June 12 the partnership of its client Health Quest Chiropractic & Physical Therapy, LLC (HQC) with Chiropractic Health Partners (CHP). The partnership was created on May 31, 2024. Founded in 1998 and located in Owings Mills, Maryland, HQC is a leading healthcare provider in the Baltimore MSA. The company is dedicated to offering chiropractic, physical therapy and therapeutic exercise modalities to patients of all ages at their multiple locations. HQC specializes in treating injuries resulting from auto- or work-related injuries, as well as general health-oriented conditions... Read More »
Brightside Health Expands into Substance Use Disorder and Virtual Intensive Outpatient Treatment

Brightside Health Expands into Substance Use Disorder and Virtual Intensive Outpatient Treatment

Brightside Health announced on June 12 that it will now offer virtual intensive outpatient programs (IOP) for substance use disorder (SUD). Brightside Health’s acquisition of Lionrock Recovery launched this new service, enabling the company to provide comprehensive telemental health treatment for a wider range of mental health conditions, including anxiety, depression, suicidal thoughts, alcohol use disorder and SUD. Founded in 2010, Lionrock Recovery was an early pioneer in virtual substance abuse counseling. Lionrock Recovery takes a personalized approach to care and leverages technology to break down barriers for those struggling with alcohol and other substance use. Brightside Health... Read More »
U.S. Oral Surgery Management Acquires 3 Dental Practices 

U.S. Oral Surgery Management Acquires 3 Dental Practices 

U.S. Oral Surgery Management (USOSM), a portfolio company of New York City-based private equity firm Oak Hill Capital Partners, announced that it was expanding its presence in Colorado, Kansas and California with the acquisition of three practices. Financial terms of the deal were not disclosed.   Led by Natalie J. Schafer, DDS, MS, Wheat Ridge Oral Surgery provides a full scope of oral and maxillofacial surgery (OMS) with expertise ranging from dental implant surgery and wisdom tooth removal to corrective jaw surgery. In addition, Dr. Schafer can diagnose and treat a wide variety of facial pain, injuries and fractures. According to its website, the practice has one provider on staff.... Read More »
Shannon Medical Center Acquires River Crest Hospital 

Shannon Medical Center Acquires River Crest Hospital 

On June 8, Shannon Medical Center announced that it entered into an agreement to acquire River Crest Hospital, an 80-bed medical center focused on behavioral health and based in San Angelo, Texas. The seller was Universal Health Services, Inc.  Shannon Medical Center, also located in San Angelo, Texas, is a medical center offering comprehensive medical care to patients of all ages. It is part Shannon Health System. Shannon Health System provides patients with access to more than 350 providers in more than 40 medical specialties across multiple locations in Texas.  This acquisition will help expand Shannon Medical Center’s presence in the area. The financial terms were not... Read More »
NeuroFlow Acquires eHealth Company Owl

NeuroFlow Acquires eHealth Company Owl

NeuroFlow announced on June 11 that it has acquired Owl, a measurement-based care technology company. Owl is a comprehensive behavioral health solution that helps organizations deliver quality care and improve patient outcomes. Its measurement-based care platform empowers healthcare providers with accurate data and insightful analytics to enhance treatment strategies. NeuroFlow is a mental wellness platform that allows clinical professionals to monitor patients’ behavioral health and deliver personalized treatment plans in compliance with HIPAA regulations. The merger significantly enhances the breadth of solutions and services NeuroFlow and Owl will provide its existing partners while... Read More »
FFL Partners Completes Investment in Apex Infusion

FFL Partners Completes Investment in Apex Infusion

FFL Partners announced that it has completed a growth investment in Apex Infusion, a fast-growing provider of ambulatory infusion therapy services. Founded in 2006 and headquartered in Signal Hill, California, Apex Infusion is dedicated to providing high-quality, reliable care to patients in the comfort of their own homes or in ambulatory settings. Apex coordinates professional interaction with patient’s physicians, nurses and other health care providers. The company provides intravenous immunoglobulin, specialty infusion, total parental nutrition and other therapeutic services. Apex currently operates 11 locations in California. Founded in 1997, FFL Partners is a San Francisco-based... Read More »
Four Corners Property Trust Acquires Medical Outpatient Properties for a Combined $6.8 Million 

Four Corners Property Trust Acquires Medical Outpatient Properties for a Combined $6.8 Million 

Four Corners Property Trust (FCPT) announced that it was expanding its presence in both Iowa and Missouri, buying a MercyOne outpatient clinic property, as well as a Mercy Health property.  The MercyOne outpatient clinic property is in Iowa. It is corporate-operated under a long term, triple net lease with approximately six years of term remaining. It was sold for $3 million. The transaction was priced at a 7.2% cap rate on rent as of the closing date and exclusive of transaction costs.   The Mercy Health property is in a strong retail corridor in Missouri and corporate-operated under a triple net lease with approximately five years of term remaining. The transaction was priced... Read More »
A Look at WSJ’s Private Equity Analysis  

A Look at WSJ’s Private Equity Analysis  

Early in June, the Wall Street Journal published an article examining private equity (PE) activity in the healthcare M&A market, which the LevinPro HC team exclusively covers.   Overall, we agree with the sentiment and conclusions in the article: PE investment activity is down this year compared to 2023, both due to increased regulatory scrutiny and higher interest rates, the latter holding most of the blame.   However, the article relied on M&A transaction data from Pitchbook, and some of the numbers left us scratching our heads, so we wanted to investigate ourselves.   According to Pitchbook (as cited in the article), there were 180 PE add-on deals through May 28, or... Read More »
Sales Above $1 Billion Show Power of the Revenue Cycle Management Market

Sales Above $1 Billion Show Power of the Revenue Cycle Management Market

In recent years, sale price announcements exceeding $1 billion have been a significant indicator of the strength of the healthcare industry’s revenue cycle management (RCM) subsector. Industry experts highlight the factors driving interest in RCM companies. “Historically, healthcare technology has been viewed as lagging behind other industries, but we’re seeing today’s technology evolve at a much faster pace,” said Brian Greenberg, CEO of Rockville, Maryland-based Greenberg Advisors, LLC, which provides M&A and strategic advisory solutions to business services and technology companies in the RCM, healthcare information technology and related markets. “The computer-assisted coding... Read More »
Med-Metrix Acquires Delaware-Based RCM Company

Med-Metrix Acquires Delaware-Based RCM Company

Med-Metrix, LLC, backed by Greenwich, Connecticut-based private equity firm A&M Capital Partners, announced it has acquired Hospital Billing & Collection Service, Ltd (HCBS), headquartered in New Castle, Delaware. HCBS is a premier, tech-enabled revenue cycle management (RCM) company that offers a comprehensive suite of RCM solutions. Since 1985, HBCS has served health systems across the United States and currently works with more than 75 hospital and physician groups. Med-Metrix, LLC is a leading technology-enabled services platform providing revenue cycle management and business intelligence solutions for health systems and physician groups across the United States. The company... Read More »