Apex Physics Partners Deepens National Footprint With New Partnership

Apex Physics Partners Deepens National Footprint With New Partnership

Private equity-backed Apex Physics Partners (APP) announced that it has partnered with Spectrum Medical Physics Inc, headquartered in Lima, Ohio. Spectrum Medical Physics was incorporated in 2000 to provide radiation oncology physics and dosimetry support to radiation oncology facilities in West Central Ohio. The company operates a training and residency program in therapy medical physics. APP is a medical physics business services support organization. Partner physics practices receive an array of support services including client services, information technology and data analytics. APP is backed by Blue Sea Capital, a West Palm Beach-based private equity firm with more than $1.4 billion... Read More »
Goldman Sachs Alternatives Acquires Xpress Wellness from Latticework Capital Management

Goldman Sachs Alternatives Acquires Xpress Wellness from Latticework Capital Management

Latticework Capital Management and Goldman Sachs Alternatives jointly announced on May 23 Goldman Sachs’ acquisition of Xpress Wellness, LLC. Terms of the transaction were not disclosed. Xpress Wellness, along with its subsidiary, Integrity Urgent Care, provides healthcare services to rural and underserved communities across Oklahoma, Kansas and Texas. The company’s multi-specialty model is primarily focused on urgent care and additionally provides employer and workers’ compensation services, behavioral health counseling, primary care and facility-based services. Xpress Wellness currently operates 58 clinics, 39 of which are certified Rural Health Clinics. Goldman Sachs is one of the... Read More »
Pathways Recovery Centers Adds Serenity Park Recovery Center

Pathways Recovery Centers Adds Serenity Park Recovery Center

Pathways Recovery Centers has announced the addition of Serenity Park Recovery Center in Little Rock, Arkansas, to its growing roster of mental health and addiction treatment programs. Financial terms of the deal were not disclosed. Founded in 1972, Serenity Park Recovery Center offers addiction recovery in Arkansas. Previously known as Serenity House, the facility was one of the first in Arkansas to offer a gender-specific program for women. It moved to its current location in Little Rock in 1990, and was acquired by businesswoman Tara Tinnin in 2018. Pathways Recovery Centers offer men and women the opportunity to find freedom from addiction and mental health challenges. The organization... Read More »
A Conversation with Lincoln Holdings at BOMA

A Conversation with Lincoln Holdings at BOMA

The editorial team at LevinPro HC attended BOMA International’s Medical Real Estate Conference last week and sat down with Katy Lincoln, an experienced commercial real estate professional and licensed broker at Lincoln Holdings. Below is the Q&A of the conversation covering the medical real estate market. Q: Can you provide a brief summary of your background and the work you do at Lincoln Holdings? A: I spent 8 years as a broker at CBRE working across all property types, including general office and retail, but I eventually moved into healthcare real estate development and acquisitions. Prior to starting Lincoln Holdings, I spent three years as the SVP of Real Estate and Operations for... Read More »
United Surgical Partners Acquires BASS Surgery Center 

United Surgical Partners Acquires BASS Surgery Center 

Merritt Healthcare Advisors announced on May 23 that it acted as an advisor on the acquisition of Bay Area Surgical Specialist Services, LLC by United Surgical Partners International (USP). The financial terms of the transaction were not disclosed.  Founded in 2016, Bay Area Surgical Specialist Services (doing business as BASS Surgery Center) is a 9,700-square-foot multi-specialty ambulatory surgery center (ASC) with four operating rooms in Walnut Creek, California. It also has more than 30 physician partners.  USP is an operator of outpatient surgery centers. It is a Delaware corporation licensed to do business in Texas. Founded in 1998, it operates more than 535 surgical... Read More »
Click Therapeutics Acquires Assets of Better Therapeutics 

Click Therapeutics Acquires Assets of Better Therapeutics 

On May 22, Click Therapeutics, Inc. announced that it had acquired assets of Better Therapeutics, Inc.  Better Therapeutics is a first-in-class prescription digital therapeutic developed to deliver behavioral therapy to patients. Better went public through a merger with SPAC Mountain Crest Acquisition Corp. during the fall of 2021.  The Better Therapeutics assets being acquired include the first FDA-authorized prescription digital therapeutic for type 2 diabetes, AspyreRx, as well as development candidates BT-002, BT-003 and BT-004 for hypertension, hyperlipidemia and metabolic dysfunction-associated steatohepatitis.  Click Therapeutics, Inc. develops, validates and... Read More »
Sila Realty Trust Acquires Reading, PA Medical Outpatient Building

Sila Realty Trust Acquires Reading, PA Medical Outpatient Building

Sila Realty Trust, Inc. announced on May 22 the acquisition of a medical outpatient building (MOB) located in Reading, Pennsylvania for $10.5 million.  The two-story, 30,000-square-foot MOB was constructed in 2020 and serves as the outpatient treatment center for former patients of the adjacent inpatient behavioral facility, as well as other patients that only require outpatient care. The purpose-built facility is positioned on the campus of the 144-bed Tower Behavioral Health facility, also constructed in 2020. The MOB is fully leased to Reading Behavioral Healthcare, a joint venture between Acadia Healthcare and Tower Health.  Sila Realty Trust is a public, non-traded real estate... Read More »
Dalrada Financial Corporation Healthcare Subsidiary Genefic Acquires IV Services

Dalrada Financial Corporation Healthcare Subsidiary Genefic Acquires IV Services

Dalrada Financial Corporation announced on May 21 that its wholly-owned healthcare subsidiary, Genefic, Inc., has acquired IV Services, LLC for an undisclosed price. IV Services is a pharmaceutical business and infusion management leader with full pharmacy licenses in Louisiana and Mississippi. Genefic delivers modern systems and specialty pharmacy solutions for better care and a better patient experience. Genefic’s pharmacy solution, Genefic Specialty Pharmacy, offers more than 30 years of dedicated expertise in providing patient advocacy through end-to-end prescription services, medical education and patient advocacy and support. The acquisition of IV Services expands Genefic’s existing... Read More »
Addus HomeCare Divests of Operations in New York

Addus HomeCare Divests of Operations in New York

Addus HomeCare Corporation announced on May 21 a definitive agreement to sell its New York operations to HCS-Girling, based in Brooklyn, New York. HCS-Girling is a leading provider of home health and home care services. Addus HomeCare is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well as hospice and home health services. The operations being sold consist of all of Addus’ personal care operations in the state of New York, including fiscal intermediary services under the New York Consumer Directed Personal Assistance Program. The timing for the closing of the transaction is subject to customary regulatory... Read More »
A Conversation With Cushman & Wakefield

A Conversation With Cushman & Wakefield

The editorial team at LevinPro HC attended BOMA International’s Medical Real Estate Conference last week and sat down with Lorie Damon, who leads the healthcare advisory practice at Cushman & Wakefield. Below is the Q&A of the conversation covering the medical real estate market. Q: Can you provide a short background of you and the healthcare team at Cushman & Wakefield? A: I lead the healthcare advisory practice at Cushman & Wakefield, comprised of more than 300 experts across our various service lines and real estate disciplines, including brokerage, capital markets, property management, project management and valuations. Q: How would you rate/summarize the medical real... Read More »