Health Advocates Network Announces Acquisition of WorkSquare

Health Advocates Network Announces Acquisition of WorkSquare

Healthcare staffing firm Health Advocates Network announced that it has acquired WorkSquare Healthcare Staffing Solutions, a Miami, Florida-based staffing agency. WorkSquare’s business include approximately 75% travel nurse and 25% local staffing. Health Advocates Network specializes in healthcare staffing solutions, providing a range of services within the healthcare sector. The company was founded in 2020 and is based in Boca Raton, Florida. Plans call for WorkSquare to operate as a separate business under its own brand. Terms of the transaction were not announced.  “I am confident that being part of the Health Advocates Network team will create a win/win for WorkSquare field employees,... Read More »
Digital Mental Health Company Resilience Lab Buys Telehealth Platform Options MD

Digital Mental Health Company Resilience Lab Buys Telehealth Platform Options MD

New York-based mental health technology company Resilience Lab has acquired online psychiatric medication management platform Options MD. The transaction closed on September 28 and was announced on October 8, 2024. Options MD is a telemedicine platform that provides personalized care for people suffering from severe and treatment-resistant mental illnesses. Resilience Lab is an online mental healthcare platform that connects patients with therapists who specialize in depression, anxiety, attention-deficit/hyperactivity disorder, post-traumatic stress disorder, obsessive-compulsive disorder and more. The acquisition allows Resilience to integrate Options MD’s medication management and... Read More »
Avania Buys Spanish MedTech CRO Anagram

Avania Buys Spanish MedTech CRO Anagram

Bilthoven, Netherlands-based Avania announced on October 8 its acquisition of Anagram. Founded in 1998, Anagram is a clinical research organization (CRO) based in Barcelona, Spain which provides services in clinical development and post-authorization trials with drugs and medical devices. Anagram delivers a full-service CRO model to its customers including diagnostic imaging core lab (centralized quality control and central assessment of images in clinical trials) services. The company is focused on cardiology, oncology and neurology therapeutic areas. It conducts studies in the United States, United Kingdom, Spain, Netherlands, France, Germany and more. Avania is a CRO with specialized... Read More »
Caldera Medical Expands Minimally Invasive Hysteroscopy Portfolio With UVision360 Acquisition

Caldera Medical Expands Minimally Invasive Hysteroscopy Portfolio With UVision360 Acquisition

On October 8, Caldera Medical announced the acquisition of UVision 360, Inc., the developer of the LUMINELLE® hysteroscopy and cystoscopy systems. Financial terms of the deal were not disclosed. UVision 360 designs and develops innovative, minimally invasive hysteroscopy and cystoscopy systems that enhance precision and patient outcomes in gynecologic procedures. The company’s LUMINELLE® system offers visualization and a simplified workflow, helping physicians in clinical and surgical settings. Headquartered in Westlake, California, Caldera Medical is a privately held women’s health medical device company focused on minimally invasive applications. The acquisition of UVision... Read More »
Medical Specialists of the Palm Beaches Expands In Florida  

Medical Specialists of the Palm Beaches Expands In Florida  

On October 7, Medical Specialists of the Palm Beaches (MSPB) announced that it entered into an agreement to acquire Schlein & Shinder PLLC.   Schlein & Shinder PLLC is an internal medicine practice with one location in Boynton Beach, Florida. According to the press release, there are two physicians on staff: Drs. Andrew Schlein and Stacey Shinder.  Backed by Ascend Partners and partnered with CareAbout Health, MSPB is a primary care-focused, multi-specialty physician group practice in South Florida. It has a team of more than 125 providers across more than 37 offices in Palm Beach and Broward counties. The company offers primary care, cardiology, interventional... Read More »
Durable Medical Equipment: Driving Growth in Home Health & Hospice

Durable Medical Equipment: Driving Growth in Home Health & Hospice

When the Home Health and Hospice (HH&H) sector is talked about, the focus is typically centered on patient-centric areas, leaving one vital component under-discussed: the durable medical equipment and respiratory home care (DME) field. The DME subsector is a broad industry that encompasses daily medical equipment designed for use in the home. This includes in-home services for mobility aids, shower and transfer benches, in-home hospital beds, oxygen and breathing concentrators, internal and external feeding tubes, surgical dressings, wound care equipment, ostomy bags, tracheostomy tubes and blood testing diabetic strips. According to the LevinPro HC database, as of October 4, 2024,... Read More »
Surgery Partners Expands in Wisconsin 

Surgery Partners Expands in Wisconsin 

Surgery Partners, a portfolio company of private equity firm Bain Capital, announced that it acquired multiple orthopedic practices to form Midwest Orthopedic and Musculoskeletal Alliance (MOMA).  Orthopedic Institute of Wisconsin is based out of three locations in Wisconsin and has 17 providers on staff.  Sports Medicine & Orthopedic Center S.C. is a physician ownership entity in Midwest Orthopedic Specialty Hospital. It is based in North Charleston, South Carolina and is run by nine physicians.  Orthopedic Specialists, LLC & ASMS Holdings, LLC are a physician ownership entity in The Surgery Center. Nothing else was disclosed.  Innovative Pain Consultants is... Read More »
PeaceHealth Adds 4 Clark County-Based Providence Clinic Sites

PeaceHealth Adds 4 Clark County-Based Providence Clinic Sites

PeaceHealth and Providence Medical Group have announced that they have entered into a definitive agreement that will result in PeaceHealth acquiring four health clinics from Providence. Pending the standard regulatory review processes, the clinics will transfer to PeaceHealth. The clinics are located in Vancouver, Washington in Clark County. The four clinic sites employ approximately 100 staff, including physicians, nurse practitioners, registered nurses, medical assistants, clinical care coordinators and patient service specialists. Across the sites, services provided include primary care, walk-in care and outpatient rehabilitation services. Providence is a not-for-profit, Portland,... Read More »
Digital Mental Health Company Resilience Lab Buys Telehealth Platform Options MD

Thriveworks Acquires Synchronous Health in First Ever Acquisition

Mental health provider Thriveworks kicked off October with a deal announcement. The company announced on October 2 that it has acquired AI-powered behavioral health company Synchronous Health. Synchronous Health is a behavioral telehealth company that delivers online counseling and coaching from human specialists with support between sessions from Karla®, an AI bot. Lynchburg, Virginia-based Thriveworks offers therapy and psychiatry services through in-person and virtual modalities. The provider operates more than 340 facilities in 49 states and Washington, D.C., and employs more than 2,200 clinicians. The acquisition enables Thriveworks to expand its technology base and operate enterprise... Read More »
Behind the Deal: PGP Advises on Dermatology Transaction  

Behind the Deal: PGP Advises on Dermatology Transaction  

Physician Growth Partners (PGP) announced that it acted as the exclusive financial advisor to Dermatology Consultants as it was acquired by Forefront Dermatology.  We spoke with Michael Kroin, CEO and Managing Partner of PGP, who was able to provide his insights into the acquisition. PGP is a sell-side healthcare investment banking firm dedicated to representing independent physician practices in transactions with private equity.  Established in 1976, Dermatology Consultants operates two dermatology locations and one specialty clinic in Kentucky. It provides a comprehensive suite of medical, surgical and cosmetic dermatology services. According to its website, the practice has... Read More »