Diana Health Raises $11 Million in Series A Funding to Redesign Health Programs at Hospitals
New York City-based Diana Health has secured $11 million in a Series A funding round for redesigning maternity and women’s health programs at hospitals. In conjunction with the funding round, Diana Health has also formed a collaboration with TriStar StoneCrest Medical Center, part of TriStar Health, the local health system of Nashville-based hospital giant HCA Healthcare Inc. Diana Health will open its first physical location and launch its first end-to-end maternal care program with TriStar StoneCrest in Smyrna, Tennessee in the coming weeks. The funding, co-led by two venture capitalists firms, LRVHealth and .406 Ventures, with participation from existing investor AlleyCorp. will be used... Read More »
KKR Closes $4.0 Billion Health Care Strategic Growth Fund II
The leading global investment firm, KKR, announced that it had closed its $4.0 billion fund of KKR Health Care Strategic Growth Fund II. The fund, or HCSG II, is dedicated to health care growth equity investment opportunities, mostly in North America and Europe. KKR is expected to make more healthcare acquisitions in the future and will be investing approximately $500 million of capital in the fund, alongside investors. HCSG II will focus on the biopharmaceutical, medical device, health care services, life science tools, diagnostics and health care information technology sub-sectors. Within the past year, KKR executed several new investments as part of its Health Care Strategic Growth... Read More »
Headspace Health Grabs AI-Driven Mental Health and Wellness Company Sayana
On January 12, Headspace Health, the provider of the world’s most accessible, comprehensive digital mental health platform, announced the acquisition of Sayana, an AI-driven mental health and wellness company based in San Francisco, California. The financial terms of the transaction were not disclosed. Founded in 2018 and backed by Y Combinator in 2020, Sayana is an AI-driven mental health and wellness company that has supported users around the world to improve their mental wellness by helping its members become more mindful of the connections between their feelings and events. The Sayana Self-Care app leverages chat-based sessions with an AI persona named Sayana, who encourages users to... Read More »
Montecito Medical Makes Another Acquisition
On January 3, Montecito Medical, a premier owner of medical office properties throughout the United States, has completed the acquisition of a new medical office building located in the Kansas City suburb of Lee’s Summit, Missouri. The property, which opened in 2020, offers just over 40,500 square feet of rentable space and is 100% leased. The property is advantageously situated north of downtown Lee’s Summit next to Interstate Highway I-470. With a population of more than 101,000, Lee’s Summit has become the sixth-largest city in Missouri. The primary tenant is Beacon Surgery Center (BSC), a joint venture between local physician partners and Partners Surgical, a national operator and... Read More »
U.S. Oral Surgery Management Partners with Florida Practice and Restructures Board
On January 5, U.S. Oral Surgery Management (USOSM) announced a new partnership with Northwest Florida Oral and Maxillofacial Surgery (NFOMS), expanding its presence in the state of Florida. Founded in 2017, U.S. Oral Surgery Management (USOSM) is a specialty management services company that collaborates with premier oral and maxillofacial surgeons to offer a partnership solution for continued and accelerated practice success. Formerly a portfolio company of RiverGlade Capital and The Thurston Group, USOSM announced it was being acquired by New York-based private equity firm Oak Hill Capital Partners on November 11, 2021. Located in Pensacola, Florida, NFOMS has one location and two oral... Read More »
Summit BHC Acquires 7 Psychiatric Hospitals, Expands into New States
On January 6, Summit Behavioral Healthcare announced it had acquired seven psychiatric hospitals in six states from Strategic Behavioral Health. The financial terms of the deal were not disclosed. This transaction will add an additional 613 inpatient psychiatric beds to Summit BHC’s portfolio, expanding its existing presence in Iowa, Tennessee and Texas and giving the company a foothold in New Mexico, North Carolina and Wisconsin for the first time. Strategic Behavioral Health operated two hospitals in Wisconsin and one hospital in the other states. The newly acquired facilities treat children, adults and elders and operates an unspecified number of outpatient programs, according to a news... Read More »
PointClickCare Partners with Sound Physicians to Deliver Fully Integrated Virtual Health
On January 6, PointClickCare, a leader in cloud-based healthcare software for the long-term and post-acute care (LTPAC) market, announced a partnership with Sound Physicians to offer a fully integrated virtual health solution to LTPAC healthcare providers based in the United States. Founded in 1995, PointClickCare is the leading healthcare technology platform enabling meaningful collaboration and access to real‐time insights at any stage of a patient’s healthcare journey. PointClickCare’s single platform spans the care continuum, fostering proactive, holistic decision‐making and improved outcomes for all. Over 21,000 long‐term, acute and post‐acute care providers and over 1,300 hospitals... Read More »
US Eye Expands Its Presence in Florida
US Eye, a physician-led, patient-focused consolidator in the eye care space, acquired three optometry practices in central Florida, including the practice of Rick Billings, O.D., Hart Eye Care, and Precision Eye Care of Central Florida. Rick Billings, O.D., is a solo practitioner in Sarasota, Florida. His practice has been serving patients since 1983. Hart Eye Care was founded by Andrew Hart, O.D. and Brenda Hart, O.D. in 1993 and is based in Fort Myers, Florida. Precision Eye Care of Central Florida, located in Altamonte Springs and Mount Dora, was founded in 1974 and employs two optometrists, Jennifer Hill, O.D. and Kaitlyn Smith, O.D. US Eye, a portfolio company of private equity firm... Read More »