Behavioral Health M&A Picks Up in 2015

by | Dec 10, 2015 12:35 pm | Behavioral Health Care

Behavioral health care is a big but fragmented business in the United States. In 2015, it got bigger, but less fragmented. M&A volume is up 25% in 2015, with 30 publicly announced transactions, higher than any year since 2000 (33 deals). Spending on this year’s deals is currently $1.1 billion (not a record). The latest deal is typical of the sector. NcgCare, the recently created parent company of Richmond, Virginia-based National Counseling Group, acquired Turning Point Family CARE, PLLC, which has two offices in Durham and Raleigh, North Carolina. No financial terms were disclosed, but the company’s CEO, Frank Viera, told the Richmond BizSense that his company is looking... Read More »

Have the Daughters of Charity Made a Deal?

by | Dec 9, 2015 8:00 pm | Hospitals, Private Equity

Don’t hold your breath, but the Daughters of Charity Health System (DCHS) in Los Altos, California may have found a buyer. Sure, the Board chose BlueMountain Capital Management LLC last July, in favor of its well-publicized $250 million offer to keep the struggling system afloat. And we do mean struggling. Through June 30, 2014, DCHS’s five acute-care hospitals made nearly $1.2 billion in total operating income, but a combined loss of $64.0 million in EBITDA. Don’t forget that for-profit hospital company Prime Healthcare Services walked away from its $849 million offer for Daughters back in March, accusing the state’s Attorney General, Kamala Harris, of imposing... Read More »

Sheridan Moves into Phoenix Market

by | Dec 8, 2015 8:38 pm | Physician Medical Groups, Private Equity

Sheridan just made its fifth announced acquisition of the year, buying Premier Emergency Medical Specialists, a 49-physician group in Phoenix, Arizona. Sheridan is the Physician Services division of AmSurg Corp. (NASDAQ: AMSG), the ambulatory surgery giant, which last year paid $2.35 billion for Sheridan, then a portfolio company of Hellman & Friedman. The purchase marks Sheridan’s entry into the emergency medicine market in Phoenix, and boosts AmSurg’s presence there. It also marks the 71st transaction for a doc practice in 2015, and the second announced in December. Read More »

Senior Monitoring Companies Consolidate

by | Dec 7, 2015 8:57 am | eHealth

Three-year-old Lively, a San Francisco startup, has been acquired by GreatCall, Inc. of San Diego. Lively has developed a remote monitoring system for seniors to help them age in place. Its safety watch works with a system of passive activity sensors to alert family members and share seniors’ daily routines. Lively will complement GreatCall’s suite of products for active aging, which including GreatCall Splash, Jitterbug5, Touch3 and health, safety and medical apps, including Urgent Care, GreatCall Link, MedCoach and 5Star. Financial terms were not disclosed. Read More »