• Orlando Health Expands Alabama Network

    One of the largest health systems in the southeastern United States is growing its presence in a new hospital acquisition. Orlando Health, a not-for-profit health system with $8.1 billion of assets under management, has acquired Regional Medical Center (RMC), a regional hospital based in Anniston, Alabama. No specific terms of the merger were... Read More »
  • Olympus Cosmetic Group Expands in Louisiana  

    Physician Growth Partners (PGP) reported that it advised Acadia Women’s Health & Cosmetic Surgery Center on its acquisition by Olympus Cosmetic Group. The financial terms were not disclosed.  Acadia Women’s Health & Cosmetic Surgery Center is a plastic surgery practice based in Crowley, Louisiana. It provides the full scope of cosmetic... Read More »
  • Optigy Acquires StaffHealth 

    Optigy, based in Sarasota, Florida, announced in an April 7 press release that it acquired StaffHealth. Terms were not disclosed.  Founded in 2012, StaffHealth is a temporary healthcare staffing platform. The company is based in Virginia Beach, Virginia.   Based in Sarasota,... Read More »
  • Qualifacts Acquires MethodOne by Computalogic

    Qualifacts will be acquiring MethodOne by Computalogic, according to an April 7 press release. Computalogic is a Tennessee-based company exclusively dedicated to the development, installation and support of addiction treatment management systems. MethodOne by Computalogic is a comprehensive controlled-medication dispensing solution designed for... Read More »
  • BPOC Completes Sale of CDMO Midwest Products & Engineering

    Chicago, Illinois-based private equity firm BPOC announced on April 7 that it completed the sale of Midwest Products & Engineering to Graham Partners. Founded in 1978, Midwest Products & Engineering is a contract designer, developer and manufacturer of complex electromechanical and robotic-assisted surgical systems for the... Read More »

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What U.S. Hospitals Are Acquiring in 2016

Hospital acquisitions have surged since the Affordable Care Act was passed in 2010. That year, 76 deals were announced, with a U.S. hospital or health system as a target. By 2012, 107 transactions were recorded for hospital targets, and that still stands as the highest number of deals per year. Only 2015 came close, with 102 hospital transactions. Through mid-November, there have been 79 deals announced with U.S. hospitals or health systems as the target. But what are U.S. hospitals acquiring for their own financial health? Other hospitals or health systems make up the majority of targets every year, of course.  So far this year, through mid November, 66 transactions... Read More »

PSA Healthcare Broadens its Texas Footprint

PSA Healthcare, a portfolio company of J.H. Whitney Capital Partners, and a provider of pediatric home care for children with medical complexities, just expanded its presence in Texas to 12 offices with the acquisition of two Texas-based home health care agencies. The targets are Innovations Health Services of Tyler and San Antonio, Texas and Assure Home Healthcare of San Antonio, Texas. Both provide private-duty nursing to medically fragile children and their families in Texas. The Tyler location represents a new market for PSA. The San Antonio offices of Assure and Innovations represent a major investment in one of Texas’ largest markets for pediatric home care. This is PSA’s third... Read More »

October M and A Settles into Second Place

What’s a synonym for “slowdown?” We’re as tired of writing about monthly deal volume dropping off as you probably are of reading about it. But M&A activity in October 2016 can only be summed up as slackening, declining, decelerating. Preliminary deal volume is now at the second-lowest level of the year, just 112 transactions. Only January’s deal volume was lower, at 104 transactions. We may have a few additions to October’s total as the fourth quarter grinds on, but it’s not typical to find another 15 deals. Deal value also dropped off. At $12.8 billion, it ranks as the second-lowest level of spending for the year. July 2016 still holds the honor of being the slowest month for... Read More »

Almost Family Inc. Becomes Third Largest Home Health Operator

The Home Health Care & Hospice sector just announced its 47th acquisition of 2016, and with about two months to go, it is likely that this sector will surpass last year’s total of 51 acquisitions. On October 17, 2016, Almost Family, Inc. (NASDAQ: AFAM), a provider of home health nursing, rehabilitation and personal care services in more than 250 locations, announced its acquisition of Community Health Systems’ (NYSE: CYH) home health division. CHS’s home health business serves just about half of its hospitals, allowing the opportunity for growth into several more hospital markets. This purchase makes Almost Family the third largest operator in the industry. CHS is selling the... Read More »

Epic Health Expands Pediatric Skilled Nursing Services

The term “skilled nursing” usually brings to mind senior care facilities. Yet Epic Health Services, a portfolio company of Webster Capital, has built a strong platform of pediatric skilled nursing services since its founding in 2001.The Dallas, Texas-based company announced its fifth acquisition of 2016 in October, one that significantly expands its geographic footprint and adds a new line of services to its pediatric healthcare business. The target, Norcross, Georgia-based Pediatria Healthcare for Kids, provides pediatric home health care services to medically complex children. It operates 29 locations across eight states, offering pediatric private duty nursing and... Read More »

Q3:16 Health Care M&A Results: Context Is Everything

Brace yourself. The third quarter results for health care mergers and acquisitions  signal a hard tap on the brakes, both in deal volume and value. That’s compared with the robust second quarter, and the same quarter a year ago. Before we go any further, though, we must note that, compared with all previous third quarters stretching back to 2000, the third quarter of 2016 doesn’t look that bad. Some 369 transactions are now on the books for Q3:16, which ranks this quarter as the second-highest in deal volume for any previous third quarter. The top-ranked third quarter, coincidently, came a year ago, when Q3:15 racked up 411 transactions. So Q3:16’s deal volume slid 10% compared with the... Read More »