RadNet Acquires 7 Imaging Centers from Houston Medical Imaging

RadNet Acquires 7 Imaging Centers from Houston Medical Imaging

RadNet, Inc. announced that it has acquired seven imaging centers in the Houston, Texas MSA from Houston Medical Imaging (HMI). This acquisition marks RadNet’s entry into the Houston area and is anticipated to close during Q2 2024.  HMI is a radiologist-owned and operated diagnostic imaging clinic offering a full array of diagnostic and therapeutic imaging services to the Houston MSA since its inception in 1998.  RadNet, Inc. is a provider of freestanding, fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States. RadNet has a network of 366 owned and/or operated outpatient imaging centers.... Read More »
Concentra Acquires I&O Medical Centers 

Concentra Acquires I&O Medical Centers 

Concentra Inc. announced on February 26 that it is expanding its presence in Virginia with the acquisition of I&O Medical Centers.  I&O Medical Centers is an occupational health service based out of four locations in the Norfolk, Virginia MSA. The company was founded in 1987  Concentra Inc., a division of Select Medical, is a premier provider of occupational health services focused on improving the health of America’s workforce. The company is headquartered in Addison, Texas and operates more than 540 urgent care centers in 44 states and more than 150 onsite medical facilities. Concentra has more than 1,000 affiliated physicians and 1,285 physical therapists. ... Read More »
MAX Surgical Specialty Management Partners With Lititz Oral Surgery

MAX Surgical Specialty Management Partners With Lititz Oral Surgery

MAX Surgical Specialty Management announced on February 26 that it has entered a new state. The company partnered with Lititz Oral Surgery, which has two locations in Pennsylvania.  Lititz Oral Surgery is led by oral & maxillofacial surgery specialist Dr. John Vakkas and is located in Lititz and Hershey, Pennsylvania. According to its website, Dr. Vakkas is the only provider on staff.  MAX Surgical Specialty Management provides growth capital and administrative support services to partner oral and maxillofacial surgery practices. MAX uniquely values the importance of quality care and service to its patients and its referring physician partners. MAX supports 28 surgeons in 21... Read More »
Oncology Powerhouse Guardant Health Sees Stock Drop on Earnings Report

Oncology Powerhouse Guardant Health Sees Stock Drop on Earnings Report

Guardant Health, a precision oncology company focused on helping conquer cancer globally, came out with its fourth quarter and full year 2023 results late last week. The Palo Alto, California-based company has topped consensus revenue estimates four times over the last four quarters. The company announced a 25% surge in revenue last year, from about $450 million in FY 2022 to $564 million in FY 2023. Its fourth-quarter revenues rose 22% year over year, driven by a 29% boost in clinical test volume during the same period. Notably, the company’s core liquid biopsy and tissue tests, Guardant360 and Guardant TissueNext, have solidified its presence across nearly all major insurers in the... Read More »
Regency Home Care Sale and Home Health M&A Trends – A Conversation with Stephen Sargent of Agenda Health

Regency Home Care Sale and Home Health M&A Trends – A Conversation with Stephen Sargent of Agenda Health

When it comes to mergers and acquisitions (M&A), every closed transaction tells a story—a narrative of challenges, negotiations and ultimately, success. Stephen Sargent, a Managing Director at Austin, Texas-based M&A advisory firm Agenda Health, recently shared his involvement in a noteworthy home care deal that was completed at the end of 2023. His commentary not only reveal the intricacies of the transaction itself, but also shed light on market trends and future forecasts in the Home Health & Hospice (HH&H) market. The key players in this deal were Regency Home Care, based in Atlanta, led by founder and owner Erich Schuetz, and Feature Healthcare, also in Georgia. The... Read More »
MB2 Dental Solutions Adds Three Dental Practices 

MB2 Dental Solutions Adds Three Dental Practices 

MB2 Dental Solutions announced the acquisition of three dental practices, expanding its portfolio in New York, Arkansas and California.   Rockville Centre for Dentistry is a multi-specialty office in Rockville Centre, New York. It offers an array of services, such as dental implants, Invisalign and cosmetic dentistry. According to its website, the practice has five providers on staff.  Turlock Family Dentistry operates out of one location in Turlock, California. According to its website, it has five providers on staff. It provides a wide range of dental services for all ages.   Bryan & Curtis General Dentistry is run by Drs. Rebecca Bryan and John Curtis. The practice... Read More »
PCM Trials Acquires EmVenio Research

PCM Trials Acquires EmVenio Research

PCM Trials announced that it acquired EmVenio Research, marking its second acquisition of 2024.  Emvenio is a research organization providing scalable and hybrid decentralized trial solutions with a focus on improving access and health equity in clinical research. EmVenio is a community clinical trial provider that incorporates mobile research units to increase reach to underserved communities. EmVenio has 63 mobile sites for studies in more than 20 states across the United States and 10 locations in the United Kingdom. According to EmVenio, its sites are seeing greater than 50% diverse patients across all locations compared with the industry average of less than 20%. The... Read More »
Advanced Rx Management Acquires Automated Healthcare Solutions

Advanced Rx Management Acquires Automated Healthcare Solutions

Advanced Rx Management and Automated Healthcare Solutions announced on February 22 that they have come together under one umbrella. Dr. Gerald Glass, founder of Automated Healthcare Solutions, along with all minority shareholders have sold 100% of the ownership in the company to AdvancedRx. The transaction was completed on February 2, 2024. Headquartered in Sunrise, Florida, Automated Healthcare Solutions is dedicated to improving engagements between patient and provider through technology. The company provides technology-enabled medication claims to process solutions. Advanced Rx Management is a pharmaceutical services company headquartered in San Ramon, California with team members... Read More »
CBRE Arranges Sale of MOB Portfolio in Kentucky

CBRE Arranges Sale of MOB Portfolio in Kentucky

CBRE Group, Inc. announced that it has arranged the sale of a portfolio of six medical office building (MOB) properties in Northern Kentucky to Remedy Medical Properties. CBRE represented the seller, Zalla Companies, in the transaction. Financial terms of the deal were not disclosed.  Totaling 145,308 square feet, the properties are located in Florence, Fort Mitchell, Crittenden, Walton, Alexandria and Butler, Kentucky. St. Elizabeth Physicians, a health system based in Erlanger, Kentucky, fully occupies the portfolio.  Remedy Medical Properties is a full-service healthcare real estate company and the largest private owner of healthcare properties in the country, with more than... Read More »
Dario Acquires Digital Health Platform Twill

Dario Acquires Digital Health Platform Twill

DarioHealth Corp. announced on February 21 that it acquired Twill, Inc., formerly known as Happify Health. Under the terms of the Twill acquisition, Dario paid $10 million in cash and agreed to issue approximately 10 million shares of common stock in the form of pre-funded warrants for the benefit of Twill’s debt holders and equity holders. The warrants will vest in four equal amounts at 270 days, 360 days, 540 days and 720 days, post deal closing. Twill is a global software-enabled healthcare platform that provides digital therapeutics and care delivery models focusing on mental and physical health. It partners with enterprises, pharma companies and health plans to create new... Read More »