SubjectWell Buys Digital Patient Recruitment Provider Trials24
SubjectWell has announced its acquisition of Trials24, a provider of global digital patient recruitment solutions. This marks SubjectWell’s first acquisition announcement since it was acquired by New York-based private equity firm WindRose Health Investors in April 2024. Trials24 is a patient recruitment provider that assists biopharmaceutical companies and contract research organizations in completing clinical trials on time. It offers cutting-edge technology, digital marketing expertise, and an engagement center with local native-language representatives in more than 13 European countries. SubjectWell is a patient access marketplace that connects patients with chronic health conditions... Read More »
Cardiology M&A Activity Cools Off in 2024
Contrary to last year’s industry predictions, the cardiology space within the Physician Medical Group (PMG) sector has not seen a high deal volume and most likely will not exceed the volume of prior years. Between January 1, 2024, and September 13, 2024, there have been 10 cardiology transactions reported. Compared to the same time frame of 2023, where 24 cardiology acquisitions were announced, 2024 is on a downward trajectory. Cardiology accounts for less than 3% of the 357 PMG transactions announced through September 13, 2024. Yet, while this decline may seem concerning, cardiology’s M&A volume for 2024 mirrors historical trends, with the high volume in 2023 (30 deals in... Read More »
Espire Dental Acquires Los Gatos Dentistry
Espire Dental, backed by Denver, Colorado-based private equity firm Rallyday Partners, announced that it was expanding its services in California with the acquisition of Los Gatos Dentistry. Los Gatos Dentistry is a dental practice with one location in Los Gastos, California. According to the website, the practice has two providers on staff. Founded in 2018 and headquartered in Denver, Espire Dental is an dental service organization with 27 practices located in Colorado, California, Oklahoma and Wyoming. It seeks and acquires practices with a clinical philosophy that focuses on the patient experience. TUSK Practice Sales advised Los Gatos Dental in connection... Read More »
Northwest Urgent Care to Acquire 10 Carbon Health Urgent Care Centers in Arizona
Northwest Urgent Care, LLC, a Tucson, Arizona-based subsidiary of Community Health Systems, Inc., has signed an agreement to acquire 10 Arizona urgent care centers. The urgent care centers are being acquired from Carbon Health, an American chain of primary healthcare and urgent care clinics that also provides telemedicine. Northwest Urgent Care is part of Northwest Healthcare, an integrated network serving Tucson and nearby communities. Northwest Healthcare offers a full range of services, from specialized cardiac and surgical care to routine primary care, ensuring accessible, high-quality healthcare. The acquisition will expand capacity and increase Northwest Healthcare’s network to more... Read More »
PharmaLegacy Acquires Preclinical CRO BTS Research
PharmaLegacy Laboratories announced on September 16 that it acquired BTS Research, a San Diego, California-based contract research organization (CRO). BTS Research (formerly BioTox Sciences) delivers GLP and Non-GLP biological services to clients in pharmaceutical, biopharmaceutical, biotech, academic research, medical device and related industries. The CRO was founded in 2007 and acquired Bio-Quant in 2011. PharmaLegacy Laboratories is a CRO founded in 2008 which provides efficient and cost-effective preclinical in vitro and in vivo pharmacology studies to life science organizations. PharmaLegacy boasts a thousand of validated in vitro and in vivo services across more than 40 different... Read More »
Kovo HealthTech Acquires RCM Provider Healthcare Data Management
Kovo HealthTech announced that its indirect wholly-owned subsidiary, Kovo Acquisitions LLC, has acquired 100% of the assets of Healthcare Data Management (HDM). The aggregate purchase price for the assets totaled $3.3 million. HDM is a Maryland-based medical billing company specializing in asthma and allergy, maternal fetal medicine, orthopedic, radiology, cardiology, internal medicine, family medicine, mental health, endocrinology, neurosurgery, infectious disease, bariatrics and chiropractic revenue cycle management (RCM). HDM generated revenue (reported in accordance with GAAP) of $2.56 million for the annual period commencing August 1, 2023 and ending July 31, 2024 (unaudited),... Read More »
PE-Backed Ivy Rehabs Welcomes Helping Hands Rehabilitation to Network
On September 11, Ivy Rehab announced its partnership with Helping Hands Rehabilitation in Manalapan, New Jersey. Helping Hands Rehabilitation a premier provider of certified hand therapy and specialized rehabilitation services in New Jersey. Founded in 2003, Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, is a network of outpatient physical, occupational and speech therapy and applied behavior analysis clinics throughout the United States. Now, as part of the Ivy Rehab Network, this partnership will leverage Ivy Rehab’s extensive resources and network to elevate the quality of care provided to patients in Manalapan and surrounding areas.... Read More »
Elliott Bay Capital Trust and Pantheon Ventures Acquire Illinois MOB for $18.7 Million
On September 11, JLL Capital Markets announced that it brokered the sale of a medical outpatient building (MOB) in Vernon Hills, Illinois, a suburb of Chicago. The MOB, Hawthorne Commons, was completed in 2016 and is 88% leased to eight tenants and is anchored by Northwestern Medicine. The price was roughly $382 per square foot. The acquisition was completed through a joint venture between Elliott Bay Capital Trust and Pantheon Ventures. Elliott Bay Capital Trust is a privately held real estate investment company that focuses on essential healthcare properties. The company acquires, develops and manages healthcare properties that are net leased to health... Read More »
Confluent Health Welcomes Fitness Quest Physical Therapy to Expanding Network
On September 10, Confluent Health announced its latest partnership with Fitness Quest Physical Therapy, a physical therapy company with 16 clinics across Southwest Florida. Fitness Quest Physical Therapy has been providing rehabilitative services to patients in the Southwest Florida area since 1998. The company offers a comprehensive range of services, including orthopedic and sports physical therapy, total joint replacement rehabilitation, work-related injury therapy, pre/post-surgical rehabilitation, women’s and men’s pelvic health, neuro rehabilitation, gait and balance therapy, lymphedema therapy and auto accident injury recovery. Confluent Health, a portfolio company of... Read More »Schedule a demo
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