U.S. Orthopaedic Partners Expands Network With Bienville Orthopaedic Specialists Acquisition

U.S. Orthopaedic Partners Expands Network With Bienville Orthopaedic Specialists Acquisition

U.S. Orthopaedic Partners (USOP), backed by private equity firms FFL Partners and The Thurston Group, acquired Bienville Orthopaedic Specialists in Gautier, Mississippi. The transaction was announced on Aug. 18 and marks the ninth acquisition for USOP since it formed in Oct. 2020 and brings USOP’s presence in Mississippi to 96 orthopedic providers. Terms of the deal were not disclosed. Serving the lower six counties of Mississippi, Bienville Orthopaedic Specialists is one of the largest orthopedic providers on the Mississippi Gulf Coast. The company was founded in 1981 and has five locations. Bienville Orthopaedic Specialists consists of 32 providers (17 physicians and 15 physician... Read More »
The Pennant Group Acquires Ardent Hospice

The Pennant Group Acquires Ardent Hospice

The Pennant Group, Inc., the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, announced on Aug. 16 that it acquired Ardent Hospice and Palliative Care in San Diego. Terms of the deal were not disclosed. Ardent Hospice and Palliative Care offers home health care, serving between 20 and 50 hospice patients per day. The company received its Medicare certification in 2013. Headquartered in Eagle, Idaho, The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through 94 home health and hospice agencies and 49 senior living communities in 14 states. Its home health and... Read More »
​​Eir Partners Invests in ClaimLogiq

​​Eir Partners Invests in ClaimLogiq

Eir Partners, a New York-based private equity firm focused exclusively on companies operating in the healthcare and healthcare technology marketplace sectors, announced on Aug. 16 the completion of a growth recapitalization of ClaimLogiq. Terms of the deal were not disclosed. ClaimLogiq is a medical claims processing company that provides integrated revenue cycle management (RCM) solutions and electronic transaction processing systems and tools for healthcare providers of all size, including hospitals and physicians. Founded in 2015, Eir Partners’ targeted stages of investment include growth equity through control buyouts. Eir Partners has completed or partnered on over $4.2 billion in... Read More »
Ambulatory Surgery Center in Naperville, Illinois Sold for $15.2 Million

Ambulatory Surgery Center in Naperville, Illinois Sold for $15.2 Million

Physician Real Estate Capital Advisors, LLC (PRECAP) announced on August 15 that it advised a sale of an ambulatory surgery center (ASC) in Naperville, Illinois for $15.2 million. The building was sold by an undisclosed seller. The acquirer is also undisclosed, but it is a privately-held company that specializes in healthcare-related real estate acquisitions. The 19,000 square foot building was built in 2008 and is occupied by Suburban Gastroenterology, Ltd. and Midwest Endoscopy Center, LLC. SGI employs nine physicians with a tenth starting in 2023. The price is $763 per square  foot.  PRECAP provides sale-leaseback and investment sale healthcare real estate advisory services to... Read More »
Cincinnati Children’s Hospital Broadens Foothold with Acquisition of West Chester Pediatrics

Cincinnati Children’s Hospital Broadens Foothold with Acquisition of West Chester Pediatrics

Cincinnati Children’s Hospital Medical Center announced on August 11 that it will acquire West Chester Pediatrics for an undisclosed amount. The acquisition will take effect on October 24, 2022.  Founded in 1992, West Chester Pediatrics has one location in West Chester, Ohio, a suburb of Cincinnati. It provides a variety of pediatric services from vaccines to regular checkups. Through its two physicians, it serves more than 2,000 patients. Cincinnati Children’s Hospital Medical Center, a nonprofit academic medical center established in 1883, is one of the oldest pediatric hospitals in the U.S. With more than 650 inpatient pediatric beds, it has 26 locations that serve the Cincinnati... Read More »
​​Boston Scientific Acquires Obsidio

​​Boston Scientific Acquires Obsidio

Massachusetts-based Boston Scientific Corporation announced on Aug. 15 its acquisition of Obsidio, Inc., a medical device company headquartered in Columbia, South Carolina, for an undisclosed price. The transaction is expected to be immaterial to Boston Scientific’s GAAP and adjusted earnings per share in 2022. Founded in 2019, Obsidio, Inc. is pioneering an injectable solid biomaterial platform technology with broad applications in interventional radiology and interventional oncology. The company’s first product, Gel Embolic Material (GEM), is used for embolization of blood vessels in the peripheral vasculature. Boston Scientific develops and manufactures minimally invasive... Read More »
Montecito Medical Acquires Florida-based Medical Office Building

Montecito Medical Acquires Florida-based Medical Office Building

On August 3, Montecito Medical Real Estate announced it acquired a medical office building (MOB) in Lithia, Florida for an undisclosed price. According to the LevinPro HC database, this marks the 22nd MOB transaction of Q2:22 and the 119th MOB deal of the year. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the U.S. involving more than $5 billion in medical real estate. The 37,000-square-foot building, which opened in 2021, is fully occupied under a long-term lease by Orthopaedic Medical Group of Tampa Bay. This acquisition expands Montecito’s footprint in the Tampa-St. Petersburg area.... Read More »
Marpai Health Purchases Chicago-Based Managed Care Organization

Marpai Health Purchases Chicago-Based Managed Care Organization

Marpai Health, Inc. announced its acquisition of Maestro Health, a Chicago-based health & benefits company on August 4. This marks Marpai’s second acquisition since the start of 2021 and the first of 2022. The purchase price was $22.1 million. Founded in 2013, Maestro Health offers a platform that serves employers, employees, brokers and carriers. It serves more than 25,000 people and has more than 80 customers in more than 40 states with a 93% client retention rate. The company previously received growth capital financing from lead investor Oak HC/FT and SV Health Investors. Marpai Health uses artificial intelligence, and its platform Marpai Labs, to help reduce healthcare costs for... Read More »
BrightView Health Acquires Column Health in 2nd Acquisition of 2022

BrightView Health Acquires Column Health in 2nd Acquisition of 2022

BrightView Health, a Cincinnati-based outpatient addiction treatment provider, has acquired Arlington, Massachusetts-based Column Health, which operates a network of 12 community-based outpatient mental health and addiction clinics throughout Massachusetts and Connecticut. Terms of the deal were not disclosed. Founded in 2016, Column Health provides mental health and substance use disorder treatment-related services, including medication-assisted treatment, psychotherapy, integrated lab testing, detoxification and medication management. It serves more than 4,000 patients in New England. Founded in 2014, BrightView Health operates 64 locations in Ohio, Delaware, Kentucky, Virginia, North... Read More »
PE-Backed Revecore Acquires 2 RCM Firms

PE-Backed Revecore Acquires 2 RCM Firms

Revecore, a provider of revenue integrity and claims solutions for health systems, announced on Aug. 3 its acquisition of two specialized revenue cycle management (RCM) firms. They include Kemberton, based in Franklin, Tennessee, and Cura Revenue Cycle Management (CRCM), based in Tampa, which were acquired for undisclosed prices. Dave Wojczynski, CEO of Revecore, will lead the newly combined entity. Founded in 2008, Kemberton is a specialized RCM firm that improves complex claims reimbursement. The company serves more than 400 hospitals and processes more than 1 million claims per year. CRCM is a specialized provider of software-enabled underpayment identification and recovery services to... Read More »