• Smile Brands Scoops Up Dentistry of Sarasota

    On December 2, Smile Brands, one of the largest providers of dental support services in the United States, announced its new partnership with Dentistry of Sarasota. Financial terms of the deal were not disclosed. Smile Brands provides business support services to general and multi-specialty dental groups since its founding in 1998. The company... Read More »
  • Ingenovis Health to Acquire HealthCare Support

    Ingenovis Health, Inc., one of the fastest-growing providers of healthcare staffing, announced on November 29 that it has agreed to acquire HealthCare Support, a national healthcare staffing platform providing a full range of customized hiring solutions across the country. Financial terms of the transaction, which is expected to close in the... Read More »
  • Edifecs to Acquire Health Fidelity

    On November 22, Edifecs, Inc. announced that it has signed a definitive agreement to acquire Health Fidelity, a leading provider of risk adjustment solutions for the value-based care era. The acquisition is expected to close in mid-December of this year, pending regulatory approval. Founded in 1996, Edifecs is a premier technology company in the... Read More »
  • Israeli Startup TailorMed Acquires Vivor

    On November 29, TailorMed, a leading financial navigation platform that helps healthcare organizations and patients remove financial barriers to care, announced that it has acquired Vivor, a financial assistance technology platform for healthcare providers and life sciences. The financial terms of the transaction were not disclosed. TailorMed is... Read More »
  • HomeCentris Healthcare Acquires Grace Home Healthcare

    On November 26, HomeCentris Healthcare, LLC announced that it had acquired Grace Home Healthcare, LLC. The deal was closed in October for an undisclosed amount. Headquartered in Owings Mills, Maryland, HomeCentris Healthcare, LLC is an independent home and community-based care organization. It was founded in 2000 and provides its services to... Read More »
PE-Backed Broadstep Behavioral Health Expands in North Carolina

PE-Backed Broadstep Behavioral Health Expands in North Carolina

Broadstep Behavioral Health, a portfolio company of Bain Capital Double Impact Fund, has announced its fourth acquisition of 2021. The behavioral health network is adding Coastal Southeastern United Care, a not-for-profit that offers a continuum of community-based behavioral health and substance abuse services for adults, adolescents, and children with significant identified symptoms interfering with their functioning role in family, school, employment or community. The agency is located in Shallotte, North Carolina and currently serves ten counties in that state: Bladen, Brunswick, Cleveland, Columbus, Gaston, Lincoln, New Hanover, Pender, Robeson,... Read More »
PE-Backed Acorn Health Sold to Ontario Teachers’ Pension Plan

PE-Backed Acorn Health Sold to Ontario Teachers’ Pension Plan

After launching Acorn Health in October 2018, MBF Healthcare Partners II, L.P. is selling the behavioral health platform in a new deal. The buyer is The Ontario Teachers’ Pension Plan Board (Ontario Teachers), the administrator of Canada’s largest single-profession pension plan. It pays pensions and invests plan assets on behalf of 331,000 retired and working teachers. No terms were disclosed.  Acorn Health is an accredited national provider of high-quality applied behavior analysis (ABA) therapy to children with autism spectrum disorder. The company employs approximately 1,200 individuals, serves more than 1,300 families, and operates a network of 51 clinics across seven states, including... Read More »
Autism Care Partners Strikes Another Deal

Autism Care Partners Strikes Another Deal

It’s been a busy summer for Autism Care Partners (APC). Within a month, the PE-backed behavioral health care provider has announced two deals, expanding its presence throughout the New England market. In July, ACP acquired Autism Bridges, a founder-led, New Hampshire-based multi-state autism treatment organization, a first step for the company outside the New York market.  Then, last week, ACP added Puddingstone Place, which provides world-renowned programming to enhance communication, support behavioral changes, and improve the overall quality of life for individuals with autism and other developmental disabilities. With this acquisition, ACP becomes one of the largest providers of... Read More »
PE-Backed Acorn Health Sold to Ontario Teachers’ Pension Plan

Health Connect America Gets New PE Sponsor

The New York City-based Palladium Equity Partners has acquired Health Connect America, Inc., a multi-state behavioral health platform, from Harren Equity Partners. No terms were disclosed.  Health Connect America is a multi-state behavioral health platform that treats a comprehensive mix of issues including conduct disorder, substance abuse, autism disorders and emotional disturbance. The Tennessee-based company serves communities across the Southeast and is primarily reimbursed by Medicaid-funded payors. Health Connect America’s comprehensive service offering seeks to provide long-term and sustainable relationships with key constituents in its referral and... Read More »
M&A Demand for Substance Abuse Providers Surge

M&A Demand for Substance Abuse Providers Surge

According to the Centers for Disease Control and Prevention, as of June 2020, 13% of Americans reported starting or increasing substance use as a way of coping with stress or emotions related to COVID-19. This uptick in substance abuse appears to be driving the Behavioral Health Care (BHC) deal market with a notable increase in deals targeting substance abuse treatment centers and providers. In the last two months, 77.7% of our BHC deals have involved the purchase of addiction treatment centers — but during the same time period (June through mid-July) in 2020 and 2019, about 56% of the BHC deals included this specific target type. Most recently, BRC Healthcare, a portfolio company of... Read More »
Medical Properties Trust Grabs 18 Behavioral Health Hospitals

Medical Properties Trust Grabs 18 Behavioral Health Hospitals

The pubicly traded REIT Medical Properties Trust, Inc. (NYSE: MPW) is significantly expanding its property portfolio. Medical Properties Trust is buying 18 behavioral health hospitals from Welsh, Carson, Anderson & Stowe for $760 million and an interest in the operations of Springstone, LLC, a leading provider of behavioral health services in the United States for $190 million.  Springstone provides a full continuum of behavioral care including inpatient, partial hospitalization, and intensive outpatient programs and has targeted diversified geographies with positive demographic trends and a commercial-heavy payor mix. The hospitals, along with additional facilities... Read More »