NuvoAir Medical Partners Acquires Privia Medical Group – Georgia
On May 1, NuvoAir Medical Partners announced that it was entering into an agreement to acquire Privia Medical Group – Georgia. Privia Medical Group – Georgia is part of Privia Health. It is a technology-driven, national physician enablement accountable care organization (ACO) that collaborates with medical groups, health plans, and health systems to optimize physician practices, improve patient experiences, and reward doctors for delivering high-value care in both in-person and virtual settings. Privia Medical Group – Georgia has more than 380 providers that care for more than 515,000 patients. NuvoAir Medical is at the forefront of value-based specialty care,... Read More »
Capitol Pain Institute Purchases Pain Care Surgery of Louisville
Capitol Pain Institute (CPI) has acquired Pain Care Surgery of Louisville, an ambulatory surgical center (ASC) in Louisville, Kentucky. This acquisition will allow CPI to offer more advanced procedures, including spinal cord and peripheral nerve stimulation, interspinous stabilization and fixation and posterior SI joint fusion. CPI utilizes a range of interventional treatments and medication optimization. It is owned by Iron Path Capital, a Nashville, Tennessee-based private equity firm focused on building differentiated businesses in the healthcare and specialty industrials sectors. Capitol Pain currently operates in six states: Colorado, Indiana, Kentucky, Minnesota, Ohio and Texas. With... Read More »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 »
