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Option Care Health’s Q3 2022 Earnings Highlights

Option Care Health’s Q3 2022 Earnings Highlights

by | Oct 27, 2022 1:43 pm | Healthcare Market Updates, Home Health & Hospice, Other Services

On Thursday, October 27, 2022, Option Care Health, Inc., the nation’s largest independent provider of home and alternate site infusion services, announced financial results for the third quarter ended September 30, 2022. The Bannockburn, Illinois-based company reported: 14.5% increase in net revenue from $891.9 million in Q3:21 to $1.02 billion in Q3:227.4% increase in gross profit from $203 million (22.8% of net revenue) in Q3:21 to $218 million (21.4% of net revenue) in Q3:229.3% increase in net income from $35.5 million ($0.20 per share) in Q3:21 to $38.8 million ($0.21 per share) in Q3:229.8% increase in adjusted EBITDA from $78 million (8.7% of net revenue) in Q3:21 to $85.6 million... Read More »
Symeres Acquires US-Based CRO Exemplify BioPharma

Symeres Acquires US-Based CRO Exemplify BioPharma

by | Oct 25, 2022 11:14 am | CRO, Other Services, Private Equity

Symeres, a global drug discovery contract research organization (CRO) and contract development and manufacturing organization (CDMO), announced on October 25 the acquisition of Exemplify BioPharma, a US-based CRO that provides integrated end-to-end small molecule chemistry manufacturing and controls services to pharmaceutical and biotech partners. Terms of the deal were not disclosed. Keensight Capital, a private equity firm and the majority shareholder in Symeres, has worked together with the management teams of both companies to facilitate this business combination. This acquisition further strengthens Symeres’ strategic foothold in the United States. Saola Healthcare Partners... Read More »
Concentra Acquires NOHS in Tulsa, Oklahoma

Concentra Acquires NOHS in Tulsa, Oklahoma

by | Oct 24, 2022 1:58 pm | Other Services

Concentra, a division of Select Medical, announced the acquisition of National Occupational Health Services (NOHS) and its medical center in Tulsa, Oklahoma, which will now be called Concentra Tulsa East 41st Street. Concentra will assume management of mobile services. The financial terms of the deal were not disclosed. Concentra offers occupational medicine, urgent care, physical therapy and wellness services from nearly 520 medical centers nationwide. Concentra provides health advisory services to employers and operates more than 140 on-site medical facilities. Founded in 1991 and based in Tulsa, Oklahoma, NOHS offers occupational health services for employers and employees. According to... Read More »
Alliance Consolidated Group of Companies Acquires 4 MOBs in Central Florida

Alliance Consolidated Group of Companies Acquires 4 MOBs in Central Florida

by | Oct 21, 2022 10:50 am | Medical Office Buildings, Other Services

Alliance Consolidated Group of Companies announced on October 20 it has acquired a portfolio of four net-leased medical office buildings in central Florida. The properties, which total 25,483 square feet and are located in Winter Haven, Lake Wales, Inverness and Pinellas Park, Florida, are all operated by Florida Dermatology and Skin Cancer Centers, a comprehensive dermatological center that specializes in general dermatology, cosmetic dermatology and skin cancer treatments. Alliance purchased the properties from Florida Dermatology and Skin Cancer Centers as part of a sale-leaseback. The $8.6 million acquisition is the second made by Alliance Medical Fund I, a $50 million equity... Read More »
Anchor Health Properties Acquires Johns Creek, Georgia Medical Office Building

Anchor Health Properties Acquires Johns Creek, Georgia Medical Office Building

by | Oct 20, 2022 3:46 pm | Medical Office Buildings, Other Services

Anchor Health Properties announced on October 19 that it acquired a medical office building in Johns Creek, Georgia. Terms of the deal were not disclosed. Completed in 1998, the Class A, 96,357-square-foot, four-story property is a former commercial office building that will be fully converted to medical office space. The property is 30 miles from Atlanta and one mile from Emory Johns Creek Hospital. The building was purchased in an off-market execution via a joint venture with Chestnut Healthcare Fund II, an equity fund Anchor co-manages with Chestnut Funds, and funds managed by global investment firm Carlyle. The seller was a private entity formed by six of the property’s tenants.... Read More »
Agile Expands California Presence with Acquisition of Emeryville Occupational Medicine

Agile Expands California Presence with Acquisition of Emeryville Occupational Medicine

by | Oct 20, 2022 1:17 pm | Other Services

Agile announced on October 19 that it purchased Emeryville Occupational, marking the sixth occupational health deal of the year. Emeryville Occupational Medicine has a main location in Emeryville, California, as well as satellite locations in Sacramento, Redding and Santa Cruz. The practice treats pain, trauma, lacerations, burns, contusions, sprains, strains and fractures. Agile is an occupational medicine clinic group with locations in Emeryville, Gardena, Redding, Sacramento, Santa Cruz and Wilmington, California. This acquisition expands and strengthens Agile’s presence in California. Financial terms of the transaction were not disclosed. Read More »