DOGE Finds $2.7 Trillion in Improper Payments: Healthcare’s Wake-Up Call

DOGE Finds $2.7 Trillion in Improper Payments: Healthcare’s Wake-Up Call

The Department of Government Efficiency (DOGE) revealed during a DOGE subcommittee hearing on February 12 that since 2003, the U.S. government has issued $2.7 trillion in improper payments across various federal agencies, including Medicare and Medicaid. While a precise breakdown for these programs was not provided, Medicare and Medicaid have consistently been a source of improper payments among federal programs, raising concerns about the long-term security of federal healthcare spending. In 2023 alone, the Department of Health and Human Services (HHS) reported approximately $100 billion in improper payments tied to Medicare and Medicaid. A critical area of concern lies within the durable... Read More »
AmeriPro Health Expands Medwest Presence With Priority Medical Transport Acquisition

AmeriPro Health Expands Medwest Presence With Priority Medical Transport Acquisition

Atlanta, Georgia-based AmeriPro Health announced on February 12 that it has acquired Priority Medical Transport, an emergency medical services (EMS) provider in Nebraska. Priority Medical Transport is based in North Platte, Nebraska. Founded in 2018, AmeriPro Health is a tech-enabled medical transportation and patient logistics platform serving communities across Florida, Georgia, Indiana, Kentucky, Michigan, Mississippi, South Carolina, Tennessee and Nebraska. The company’s portfolio comprises emergency and critical care services, non-emergency medical transportation, patient coordination and personalized home-based care solutions, providing a seamless patient care journey. AmeriPro... Read More »
Jabil Acquires Pharmaceutics International 

Jabil Acquires Pharmaceutics International 

On February 3, Jabil Inc. announced that it entered into an agreement to acquire Pharmaceutics International, Inc. (Pii) for an undisclosed amount.  Pii is a contract development and manufacturing organization (CDMO) specializing in early stage, clinical, and commercial volume aseptic filling, lyophilization and oral solid dose manufacturing. Founded in 1994, Pii’s footprint has grown to more than 360,000 square feet across four sites on a single campus in Hunt Valley, Maryland.  Jabil Inc. is a global leader in engineering, manufacturing, and supply chain solutions. It is based in St. Petersburg, Florida and was founded in 1966.  By joining Jabil, Pii gains access to an... Read More »
Cone Health Buys Greensboro, NC Medical Outpatient Building

Cone Health Buys Greensboro, NC Medical Outpatient Building

Cone Health announced that it is expanding its Greensboro, North Carolina presence. The company has plans to add a new practice after buying a building less than a mile away from its flagship hospital, Moses H. Cone Memorial Hospital. Cone Health paid $1.7 million to acquire all but one unit in a Greensboro medical outpatient building (MOB), according to a filing with the Guilford County Register of Deeds Office. Founded in 1953, Cone Health is a not-for-profit healthcare network serving more than half a million people in the Piedmont Triad of North Carolina. Cone Health has more than 13,000 employees and more than 700 physicians, along with 1,800 partner physicians. The health system... Read More »
Breakthrough Properties Acquires Life Science Asset for $159 Million 

Breakthrough Properties Acquires Life Science Asset for $159 Million 

On February 3, Breakthrough Properties announced that it acquired a three-building life science portfolio in Torrey Pines, California from Diversified Healthcare Trust (DHC).  The 186,000-square-foot portfolio is called MUSE and is 49% leased, with a weighted average lease term of more than eight years. The price is roughly $855 per square foot.  Breakthrough Properties, a joint venture of global developer Tishman Speyer and biotechnology investment firm Bellco Capital, is a life science real estate development company that leverages cross-sector collaboration to deliver environments that foster innovation and scientific breakthroughs.  DHC is a real estate investment trust... Read More »
Exploring the MedSpa M&A Market: Trends, Drivers and 2025 Outlook

Exploring the MedSpa M&A Market: Trends, Drivers and 2025 Outlook

Medical spas, or MedSpas, are hybrid establishments combining the luxury of a traditional spa with medical-grade aesthetic procedures. As an intersection of health, beauty and medicine, MedSpas have seen a surge in popularity in recent years. As wellness and aesthetic care continue to gain prominence in the daily lives of millions, the medical spa sector has become a focal point for M&A, reflecting a robust market landscape poised for further growth. The MedSpa sector’s prominence was evident at various healthcare conferences attended by the LevinPro HC team in 2024. During McGuireWoods’ 17th Annual Healthcare Finance and Growth Conference in September 2024, Eugene Goldenberg of... Read More »