24 Hour Home Care Acquires California Home Care Agency Trusted Life Care

24 Hour Home Care Acquires California Home Care Agency Trusted Life Care

24 Hour Home Care, an independently owned non-medical in-home care provider, announced its acquisition of Trusted Life Care, a home care agency that provides personal care for seniors in California’s Orange and Los Angeles counties. Financial terms were not disclosed. According to the LevinPro HC database, this marks the 44th Home Health & Hospice transaction of 2022 so far, as well as the 5th announced during the month of May. This announcement also follows 24 Hour Home Care’s previous acquisition of California-based home care agency Bright Moon Care Services in March. The move to acquire Trusted Life Care originated from a strong referral partnership between both companies. This... Read More »
Montecito Medical Expands Further into New York

Montecito Medical Expands Further into New York

On May 11, Montecito Medical announced that it acquired two medical office buildings (MOB) outside of Rochester, New York. The two properties, which are in Penfield, are 100% leased to University of Rochester Medicine (UR Medicine). UR Medicine is one of the largest healthcare systems in New York and consists of almost 1,500 beds and more than 1,000 specialists.  Montecito Medical is one of the largest privately-held companies specializing in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5 billion in medical real estate. The acquisition continues the expansion of Montecito’s footprint in... Read More »
Greenbrook TMS Acquires Success TMS

Greenbrook TMS Acquires Success TMS

Greenbrook TMS Inc., a leading provider of Transcranial Magnetic Stimulation (TMS) therapy in the United States, announced that its wholly-owned subsidiary, TMS NeuroHealth Centers Inc., will acquire all the issued and outstanding equity interests in Success TMS from its parent company, Success Behavioral Holdings LLC. TMS therapy provides local electromagnetic stimulation to specific brain regions known to be directly associated with mood regulation. The purchase price for the acquisition is valued at approximately $27.3 million, of which approximately $20.5 million will be payable on closing of the acquisition and $6.8 million will be held in an escrow account following determination of... Read More »
Clearview-backed MBI Acquires Two Leading Occupational Healthcare Providers

Clearview-backed MBI Acquires Two Leading Occupational Healthcare Providers

On May 11, Clearview Capital Fund IV, L.P. and its affiliates announced the acquisitions of two Colorado-based occupational healthcare providers, WorkWell Occupational Medicine, LLC and HealthQuest Medical Inc. & Conspire!, by MBI Industrial Medicine, Inc. According to the LevinPro HC database, the acquisitions of WorkWell and HealthQuest mark the fifth and sixth transactions announced within the occupational health subsector during 2022, and the second and third private equity transaction within the space, respectively. Another PE buyer making moves into occupational health is Chicago-based Seven Hills Capital, which backed Associates in Pediatric Therapy’s purchase of Jones Therapy... Read More »
Pfizer Acquires Biohaven for $11.6 Billion in Its Biggest Deal Since 2016

Pfizer Acquires Biohaven for $11.6 Billion in Its Biggest Deal Since 2016

On May 10, Pfizer Inc. and Biohaven Pharmaceutical Holding Company Ltd. announced that they have entered into a definitive agreement under which Pfizer will acquire all outstanding shares of Biohaven not already owned by Pfizer for $148.50 per share in cash, or approximately $11.6 billion. Pfizer had previously taken a 2.6% stake in Biohaven in November 2021 for $173 per share, or approximately $350 million. With this deal, Pfizer will compete in a crowded market for migraine treatments from other large drugmakers such as Eli Lilly and Amgen. The proposed transaction includes the acquisition of Biohaven’s calcitonin gene-related peptide programs including Rimegepant, which is approved in... Read More »
Physical Rehabilitation Network Expands into California

Physical Rehabilitation Network Expands into California

On May 3, Gryphon Investors’ portfolio company, Physical Rehabilitation Network (PRN), announced its acquisition of Kinetix Advanced Physical Therapy. The financial terms of the deal were not disclosed. This is PRN’s first deal of the year.  Founded in 1991, PRN specializes in physical therapy care, workplace ergonomics solutions and serves as a comprehensive practice management organization, providing non-clinical administrative support services to physical therapists across 16 states. PRN is known for its leading, value-driven practice management services and innovative, outcomes-driven physical therapy care. Kinetix Advanced Physical Therapy is a privately owned outpatient... Read More »
OncoHealth Secures Strategic Investment from Arsenal Capital Partners & McKesson Corporation

OncoHealth Secures Strategic Investment from Arsenal Capital Partners & McKesson Corporation

OncoHealth, the leading digital health company dedicated to oncology, announced on Monday it has received strategic investments from Arsenal Capital Partners, a private equity firm specializing in building transformational healthcare businesses, and from McKesson Corporation. The investments will support OncoHealth’s innovation and delivery of its oncology-specific digital health solutions for people with cancer, and Arsenal will take a majority ownership stake in the business. Financial terms were not disclosed. OncoHealth helps health plans, employers, providers, patients and life science researchers navigate the physical, mental and financial complexities of cancer through... Read More »
GI Alliance Acquires 6th Practice of 2022

GI Alliance Acquires 6th Practice of 2022

In the first week of May, Waud Capital Partners’ portfolio company, GI Alliance, announced that it had acquired two separate gastroenterology practices; Digestive Health Specialists (DHS) in Kansas City, Missouri and Gastroenterology Consultants, based in Houston, Texas. Neither of the financial terms of the deals were disclosed.  GI Alliance, a portfolio company of Waud Capital Partners, provides operational support to more than 1,000 providers, including over 625 gastroenterologists and physicians and 670 advanced practice providers across 11 states. It was formed through Waud’s partnership with Texas Digestive Disease Consultants in November 2018. DHS is a leading... Read More »
Montecito Medical Acquires Yet Another MOB in Hagerstown, Maryland

Montecito Medical Acquires Yet Another MOB in Hagerstown, Maryland

On May 3, Montecito Medical, a premier owner of medical office properties throughout the United States, completed the acquisition of a new medical office building located in Hagerstown, Maryland. Julian P. Etches and Joe Donegan of Scheer Partners, Inc., brokered the transaction. Financial terms were not disclosed. The 20,454 square-foot medical office property is 100% occupied by Hagerstown Heart, the market area’s dominant cardiology practice which is affiliated with Meritus Health, a regional health system that serves patients in Maryland, West Virginia and Pennsylvania. Located northwest of Washington, D.C., Hagerstown anchors one of the fastest growing metropolitan areas in the... Read More »
Infusion Associates Expands Deeper into Michigan

Infusion Associates Expands Deeper into Michigan

On May 2, Infusion Associates, a Grand Rapids, Michigan-based infusion center, announced that it was purchasing Okemos Infusion Center, marking the 10th infusion services acquisition of 2022, the first of May and the first for Infusion Associates since 2018. The financial terms of the transaction were not disclosed.  Infusion Associates is independently owned; it has more than five locations in the state and more than 90 healthcare professionals caring for upwards of 2,500 patients a month. Based in Okemos, Michigan, Okemos Infusion Center provides support to patients seven days a week. Okemos Infusion Center will be rebranded to Infusion Associates, joining one of the fastest growing... Read More »