• 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 »
LifePoint Health and Kindred Healthcare Launch New Company ScionHealth

LifePoint Health and Kindred Healthcare Launch New Company ScionHealth

On October 26th, LifePoint Health and Kindred Healthcare announced plans to establish a new healthcare company operating under the name ScionHealth upon closing of their previously announced transaction. Established in 1999, LifePoint Health is a leading healthcare company dedicated to its mission of Making Communities Healthier®. Through its subsidiaries, the company provides quality inpatient, outpatient and post-acute services close to home. Headquartered in Brentwood, Tennessee, LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities across 29 states. Louisville, Kentucky-based Kindred Healthcare is the... Read More »
MountainStar Healthcare Acquires Steward Health Care Utah Portfolio

MountainStar Healthcare Acquires Steward Health Care Utah Portfolio

MountainStar Healthcare, the Utah-based headquarters of HCA Healthcare’s Mountain Division, has acquired five Utah hospitals from Steward Health Care, expanding its presence in the West. Founded in 2006, MountainStar Healthcare is an integrated system of hospitals, physician clinics and outpatient centers that is making healthcare more accessible and convenient. MountainStar’s eight hospitals and numerous care centers serve the Wasatch Front, from Logan to Payson and beyond, with care also available throughout Salt Lake County, Weber County, Davis County and Utah County. Steward Health Care is the largest physician-owned private for-profit health care network in the United... Read More »
NorthShore University HealthSystem & Edward-Elmhurst Health Merge

NorthShore University HealthSystem & Edward-Elmhurst Health Merge

Two Illinois-based health systems have announced they are merging. Edward-Elmhurst Health, a not-for-profit health system, is joining NorthShore University HealthSystem, another not-for-profit system located in the Chicago market. Edward-Elmhurst Health is a 736-bed system that includes two hospitals and one behavioral health hospital and has more than 60 outpatient locations across Chicago’s west and southwest suburbs. The hospitals are Edward Hospital, Elmhurst Hospital and Linden Oaks Behavioral Health. Edward-Elmhurst generated $1.14 billion in revenue in 2020 and $62.27 million in EBITDA. NorthShore, for its part, generates around $1.5 billion in annual revenues, according to the... Read More »
Select Medical and Northwest Healthcare Acquire Hospital in Tuscon

Select Medical and Northwest Healthcare Acquire Hospital in Tuscon

Last week, Select Medical and Northwest Healthcare announced a definitive agreement to form a joint venture and acquire Curahealth Tucson. No purchase price or hospital financials were disclosed. Curahealth Tucson is a 47-bed long-term acute care hospital owned by Community Health Systems (NYSE: CYH), which is divesting the hospital.  Northwest Healthcare is an integrated healthcare provider in Tucson, and includes multiple hospitals and clinics, such as Northwest Medical Center, Oro Valley Hospital, Northwest Medical Center Sahuarita, Northwest Emergency Centers in Vail and Marana, three Northwest Urgent Care locations, Northwest Women’s... Read More »
Steward Health Acquires Five Tenet Hospitals

Steward Health Acquires Five Tenet Hospitals

Back in June 2020, a management group of Steward Health Care physicians acquired a controlling stake in the health system and assumed ownership from its founding owner, Cerberus Capital Management. It was a significant move; one of the largest privately owned hospital chains in the United States became physician-owned. And now, Steward announced this week it is acquiring a portfolio of five hospitals from Tenet Healthcare Corporation (NYSE: THC) in Florida for $1.1 billion. It is the first acquisition for Steward Health since finalizing full physician control and leadership of the organization.  The five hospitals included in the sale are Coral Gables Hospital (245 beds), Hialeah Hospital... Read More »
Monongahela Valley Hospital Joins Penn Highlands Healthcare

Monongahela Valley Hospital Joins Penn Highlands Healthcare

After a rough year due to the pandemic for Monongahela Valley Hospital, the organization has decided to merge with Penn Highlands Healthcare. In Monongahela Valley’s annual report, the hospital expressed financial stress after having to cancel elective procedures and shore up PPE for its staff, and was even forced to furlough employees. No financial terms for the merger were disclosed. Monongahela Valley is a 200-bed health facility with a 225-member medical staff representing more than 40 specialties. With more than 1,300 employees, Monongahela Valley is the largest employer in the mid-Monongahela Valley region and the third-largest employer in Washington County. In 2020, it had... Read More »