Fragmented ASC Market Poised for M&A Growth
As the healthcare market moves toward a value-based care model, outpatient settings and services will only rise in demand from investors and patients alike. Ambulatory surgery centers, or ASCs, will be one of the most valuable assets in this shift in the healthcare industry. With several tailwinds driving the ASC investment market, including demographic and reimbursement benefits, a fragmented industry and the versatility of ASC services and specialties, investors should pay close attention to this market. Market Overview & Players According to the Ambulatory Surgery Center Association (ASCA), ASCs are healthcare facilities focused on providing same-day surgical care, including... Read More »
First Citizens Bank Funds $58.4 Million for Miami Medical Rehabilitation Facility
First Citizens Bank’s Healthcare Finance division has allocated $58.4 million in financing to Anchor Health Properties for the construction of a state-of-the-art, 92-bed inpatient rehabilitation facility in Miami, Florida. Set to encompass 96,000 square feet of rentable space, including an attached parking garage, the facility will be leased to a collaborative effort between Baptist Health South Florida and Lifepoint Health. It will specialize in acute rehabilitation services for conditions stemming from stroke, brain and spinal cord injuries, amputations, as well as neurological and orthopedic disorders. Baptist Health South Florida, one of the largest healthcare organizations in... Read More »
ShiftMed Acquires Healthcare Staffing Company CareerStaff Unlimited
ShiftMed announced on April 22 its acquisition of CareerStaff Unlimited from Genesis HealthCare, a national post-acute care provider. CareerStaff is a leader in the delivery of workforce solutions and staffing services for the healthcare industry, with a national network of offices throughout the United States. CareerStaff’s services include local, travel and per diem employment opportunities for nurses, therapists and pharmacists. Additionally, CareerStaff provides managed service programs to hundreds of healthcare facilities nationally. ShiftMed’s workforce management platform empowers healthcare facilities across all segments – acute care hospitals, post-acute care centers... Read More »
Alcanza Expands Reach into Puerto Rico with Acquisition of FDI Clinical Research
Alcanza Clinical Research announced on April 23 the acquisition of FDI Clinical Research, a multi-specialty research organization based in San Juan, Puerto Rico, with an additional site in the west coast city of Mayagüez. Financial terms of the deal were not disclosed. FDI Clinical Research is a state-of-the-art research facility and medical care clinic providing Phase I-IV clinical trials in support of biopharmaceutical sponsors and contract research organizations. The company specializes in a range of therapeutic areas including infectious diseases; hematology and oncology, endocrine and metabolic diseases; rheumatology and immune diseases as well as respiratory diseases. Alcanza... Read More »
WELL Health Expands Canadian Clinic Network with Shoppers Drug Mart’s Health Clinics
WELL Health Clinic Network Inc., a subsidiary of WELL Health Technologies Corp., announced that it has entered into an agreement with Shoppers Drug Mart Inc. to acquire all of the primary care medical clinics operated by Shoppers under the name The Health Clinic by Shoppers™. Post-close, WELL will rebrand these clinics under the WELL Clinic brand. The Health Clinic by Shoppers™ comprises 10 clinics across Canada (four in British Columbia and six in Ontario), with more than 35 physicians on staff. WELL expects the assets to contribute approximately $8 million in annual revenue, according to the original deal press release published on PR Newswire on April 16, 2024. WELL Health Clinic... Read More »Schedule a demo
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