WellSpan Ups Its Behavioral Health Offerings
The Behavioral Health Care sector has seen plenty of mergers and acquisitions this year. Deal volume is currently up 38% (33 deals) compared with 2014’s full-year total of 24 transactions. With six deals announced in December, the sector will close out the year on a high note. One deal has been in the works almost all year, and will become effective on January 1, 2016. WellSpan Health, a five-hospital system based in York, Pennsylvania, and Philhaven, a mental and behavioral health agency of the Lancaster Conference of the Mennonite Church USA, finalized their affiliation plans on December 17. Philhaven provides services throughout Lancaster, Lebanon, Dauphin, and York counties. The... Read More »Behavioral Health M&A Picks Up in 2015
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 »Q3:15 Health Care Dollars, vs. Q2:15
Last week we gave you the breakdown on how the third quarter of 2015 compared with the second quarter and the same quarter a year ago. Here’s how the dollars broke out, versus those quarters. SectorQ3:15Q2:15ChangeQ3:14Change Services Behavioral Health Care$550,000$190,700188%$335,00064% Home Health & Hospice$241,854$0n/a$410,000-41% Hospitals$2,069,865 $2,059,9000.5%$969,800113% Labs, MRI & Dialysis$826,600$1,507,650-45%$324,000155% Long-Term Care$4,175,656$4,141,9300.8%$9,686,200-57% Managed Care$98,000,000$147,00066566%$0n/a Physician Medical Groups$1,600,000$500,000220%$0n/a Rehabilitation $4,300$734,800-99%$163,450-97% Other Services$1,396,474$16,211,644-91%$1,026,40036%... Read More »Q3:15 Health Care Deal Volume
We’re just about to publish our third quarter results this week, but wanted to give you a sneak preview of how the third quarter stacks up against Q2:15 and the same quarter a year ago. Here’s the chart. SectorQ3:15 DealsQ2:15 DealsChangeQ3:14 DealsChange Services Behavioral Health Care10667%4150% Home Health & Hospice9650%15-40% Hospitals332438%1974% Labs, MRI & Dialysis16157%8100% Long-Term Care906538%856% Managed Care12850%5140% Physician Medical Groups1522-32%147% Rehabilitation7617%540% Other Services464015%3628% Services subtotal23819224%19125% Technology Biotechnology413421%27%52% eHealth3334-3%34-3% Medical Devices31297%2619% Pharmaceuticals423811%67-37%... Read More »Netsmart Picks Behavioral Health EHR
Netsmart Technologies, which provides post-acute electronic health records and technology for health and human services providers, acquired Little Rock, Arkansas-based Lavender & Wyatt Systems, which provides electronic health records and related services for behavioral health providers. LSWI clients will now have access to Netsmart’s CareRecord EHR optons and arange of other solutions and services that help to deliver quality care and maximize operational efficiencies. Its own Essentia general ledger modules will be added to the Netsmart CareGuidance suite and made available to all Netsmart clients. Read More »Schedule a demo
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