Walgreens and Pearl Health Launch Partnership to Advance Value-Based Care Delivery

Walgreens and Pearl Health Launch Partnership to Advance Value-Based Care Delivery

Deerfield, Illinois-based Walgreens, a division of Walgreens Boots Alliance, Inc. (WBA), and Pearl Health announced on September 12 a partnership to expand the retailer’s push into value-based care.  Walgreens will provide value-based care services to provider partners through the agreement with Pearl Health. The companies will help clinicians transition to value-based reimbursement, starting with Accountable Care Organization Realizing Equity, Accountability and Community Health (ACO REACH) members.  Pearl Health is a technology company that helps independent physician practices participate in value-based care models.  Walgreens is included in the U.S. Retail Pharmacy and... Read More »
Q2:23 Thematic Earnings Roundup

Q2:23 Thematic Earnings Roundup

This earnings season has provided us with insights into how various publicly traded healthcare companies are navigating the current landscape. Let’s delve into the trends and outcomes that defined the second quarter of 2023. The Home Health & Hospice Market: The Erosion of Medicare Fee-For-Service The Home Health & Hospice (HH&H) market has been volatile of late, with companies like Amedisys Inc. (NASDAQ: AMED) reporting a significant shortfall in earnings and a decline in revenue compared to the same period last year. Amedisys reported a financial loss in the second quarter of $80.3 million, after reporting a profit in the same 2022 period. A significant portion of this... Read More »
Agenda Health Advises It’s About Time in Its Sale to Community Based Care

Agenda Health Advises It’s About Time in Its Sale to Community Based Care

Agenda Health, a healthcare-focused M&A advisory firm based in Austin, Texas, advised It’s About Time (IAT) in its acquisition by Community Based Care (CBC). Agenda Health’s mission is to deliver consistent results with a faith-based, Christ-centered focus. Based in Roanoke, Virginia, IAT provides support and personal assistance (including day support, group home and supportive in-home services) for those with developmental disabilities. CBC provides home and community-based services through its family of provider agencies across the country. The company provides programs and support for individuals with intellectual, developmental and physical disabilities from birth to the end of... Read More »
Assured Hospice Acquisition and Home Health M&A Trends – A Conversation with Alex Veach of Agenda Health

Assured Hospice Acquisition and Home Health M&A Trends – A Conversation with Alex Veach of Agenda Health

Agenda Health, a healthcare-focused M&A advisory firm based in Austin, Texas, advised Assured Hospice in its acquisition by Agape Care Group, a portfolio company of private equity firm Ridgemont Equity Partners. Agenda Health’s mission is to deliver consistent results with a faith-based, Christ-centered focus. Agape originally announced the deal in late June, but we were able to speak with Alex Veach, Director of Transactions Services at Agenda Health, to get an inside look into the Assured Hospice acquisition, as well as the home health M&A market as a whole. Based in Cartersville, Georgia, Assured Hospice provides physical, emotional and spiritual end-of-life care through a team... Read More »
UnitedHealth Group Reports 16% Growth YoY, Expanding Optum Network and Embracing Biosimilars

UnitedHealth Group Reports 16% Growth YoY, Expanding Optum Network and Embracing Biosimilars

UnitedHealth Group Incorporated (NYSE: UNH), one of the largest health insurers in the United States, reported its second quarter financial results on Friday, July 14. When we covered UnitedHealth Group during the last earnings season, the company demonstrated positive performance and balanced growth across its Optum and UnitedHealthcare business segments. This trend seems to have persisted into Q2, with UnitedHealth Group continuing to report strong contributions from both segments, even as UnitedHealth continued to invest to support growth. During Q2:23, UnitedHealth reported group revenues of $92.9 billion, up 15.6% year-over-year and surpassing analysts’ estimates of $91 billion.... Read More »
The big picture: what is driving physician practice M&A?

The big picture: what is driving physician practice M&A?

The role of private investment, what doctors need to know, and what it all means for patients Levin Associates spoke with Dana Jacoby, the CEO and founder of Vector Medical Group, and Gary Herschman, a partner at Epstein Becker & Green, P.C., at the 6th annual Physician Transactions Conference in Las Vegas in March 2023. Their separate interviews have been combined into one Q&A, which has been lightly edited for clarity and brevity. What is the future of private equity and other outside investment in healthcare? Jacoby: I’m very bullish on the future of healthcare and I’m very excited about it. There’s just this crescendo of change coming into... Read More »