Cloudmed Announces Acquisition of Eligibill
On October 14, Cloudmed announced its acquisition of Eligibill, a leading provider of insurance discovery services for hospitals and healthcare systems. The Eligibill acquisition is yet another in a series of investments that have been made by Cloudmed this year. Cloudmed is a healthcare technology company focused on revenue capture and data-driven insights for healthcare providers through its CloudmedAI Platform™. Cloudmed partners with over 3,100 healthcare providers in the United States and recovers over $1.5 billion of underpaid or unidentified revenue for its clients annually. This acquisition grows Cloudmed’s scale in the revenue cycle management (RCM) space, and Eligibill CEO Robert... Read More »
Best Buy Acquires Care-At-Home Platform Current Health
On Tuesday, the retail giant Best Buy announced that it has signed an agreement to acquire the home care and remote monitoring platform Current Health in an effort “to help make home the center of health,” according to the company. Terms of the deal were not disclosed. Like other major retail companies, such as Amazon and Walmart, Richfield, Minnesota-based Best Buy has been steadily increasing its interest in both health care and home care over the last few years. In 2018, Best Buy acquired GreatCall, a health technology company that designs phones for older adults, for $800 million. Less than a year later, in 2019, Best Buy acquired Critical Signal Technologies, a provider of remote... Read More »
Addus HomeCare Completes Acquisition of Summit Home Health, LLC
Addus HomeCare Corporation (NASDAQ: ADUS), a provider of home care services based in Frisco, TX, announced that it has completed the acquisition of in-home health care agency Summit Home Health, LLC, effective October 1, 2021. The transaction was funded by Addus with cash on hand. Headquartered in Bolingbrook, IL, Summit has been providing in-home health care to patients across the greater Chicago area since 2009. The company serves an average daily census of approximately 240 patients for skilled home health services. Summit currently has annualized revenues of approximately $7.0 million. Established in 1979, Addus HomeCare Corporation provides hospice, home health and personal care... Read More »
Carbon Health Furthers Its National Ambitions with Alertive Healthcare Acquisition
Earlier this week, San Francisco-based primary care provider Carbon Health acquired Alertive Healthcare, a remote patient monitoring company founded in 2017, furthering its ambition to become the nation’s largest primary care provider. Alertive Healthcare, formerly known as Sentinel, offers its turn-key remote patient monitoring (RPM) platform to nearly 40 provider clinics across the United States. The platform uses integrated devices to collect physiological data from patients and deliver alerts about a patient’s adherence or when their condition becomes critical. Carbon Health is a technology-enabled primary care provider that has developed an end-to-end app platform for patients and... Read More »
Schweiger Dermatology Group Announces Acquisition of The Derm Group
Schweiger Dermatology Group (SDG), the leading dermatology group in the Northeast, announced the acquisition of The Derm Group, a dermatology practice in the greater New Jersey area. Financial terms were not disclosed. The Derm Group was founded in 1992 by Dr. Daniel Grossier. Since its inception, the company has grown from a single-physician practice to one of the largest dermatology practices in New Jersey and the surrounding area, with over 200,000 patient visits annually. Dr. Groisser has assembled an all-star team of the country’s top dermatology providers, renowned in the treatment of skin cancer, as well as some of the country’s leading medical and cosmetic dermatologists. Schweiger... Read More »
Apax Partners and Oak HC/FT Join Forces in Eating Recovery Center Deal
Two leading investment firms, Apax Partners and Oak HC/FT, have joined forces to purchase the treatment provider Eating Recovery Center (ERC). The two companies acquired Denver-based ERC from CCMP Capital, a global private equity firm headquartered in New York, New York, for a reported $1.4 billion. Founded in 2008, ERC is one of the largest eating disorder treatment providers in the U.S., with 30 centers across Colorado, California, Illinois, Texas, Ohio, Maryland and Washington. ERC’s treatment offerings include inpatient services, intensive outpatient programming and virtual care. ERC operates a division called ERC Pathlight, which provides mood and anxiety treatment to patients. The... Read More »
Pathways Acquires Residential Behavioral Health Company, Renew Consulting
Pathways Health and Community Support, LLC announced it has completed the acquisition of Renew Consulting, an industry-leading residential behavioral health company servicing the diverse needs of behavioral health residents throughout Northwest Oregon. Founded in 2004, Renew Consulting is a service-driven organization committed to providing customized, person-centered support for individuals with developmental disabilities and mental health needs. The organization provides 24-hour care in community-based residential homes across seven Northwest Oregon counties. Integrating Renew Consulting’s programs and services into Pathways’ current offerings will enable Pathways to broaden the field of... Read More »
Ob Hospitalist Group Partners With Kohlberg & Company
Ob Hospitalist Group (OBHG), the largest dedicated provider of customized obstetric hospitalist programs in the nation, announced it has been acquired by Kohlberg & Company, LLC from Gryphon Investors, a San Francisco-based leading private equity firm focused on growing and enhancing mid-market companies in partnership with management. OBHG’s management team will remain with the company and retain a significant stake in OBHG. Founded in 2006, OBHG is the leading national provider of 24-7 obstetric coverage, serving approximately 200 hospitals across 34 states. Headquartered in Greenville, South Carolina, OBHG’s vast network of 1,100 skilled and dedicated obstetric physicians across the... Read More »