Anthem Buys myNEXUS
The healthcare insurance giant Anthem, Inc. (NYSE: ANTM) is back with a new acquisition. Anthem is buying myNEXUS, Inc. from private equity firm WindRose Health Investors, which has held a majority stake in the company since 2014 when it was known as MTS Health Investors. myNEXUS is a post-acute benefits management company that provides comprehensive management services to health plans and other risk-bearing organizations on an at-risk or fee-for-service basis for total medical expense related to integrated home health, Stars Performance Improvement Program, Social Determinants of Health, inpatient avoidance and clinical programs. myNEXUS delivers integrated clinical support services for... Read More »
Advent Home Medical Gets PE Investment
An at-home respiratory care company in the Michigan market has caught the attention of private equity. Pontiac-based Advent Home Medical has been acquired by New Harbor Capital, an investor in lower middle market, growth-oriented business services, healthcare and education companies. No transaction terms were disclosed. Founded in 2004, Advent Home Medical utilizes registered respiratory therapists to construct personalized care plans and deliver specialized hands-on support to acute respiratory patients in the home setting. The Company also provides a full complement of durable medical equipment and supplies necessary to support these therapies. Advent conducts more... Read More »
MB2 Dental Solutions Finds a New Partner
After Sentinel Capital Partners took a majority interest in MB2 Dental Solutions (MB2), the dental services organization became a prolific buyer in the healthcare M&A market, building a national network of practices. The organization has a presence in 24 states and has partnered with more than 275 dental practices. In 2019, MB2 had an estimated revenue of $320 million. Now that partnership has ended. Sentinel Capital Partners is exiting its investment and Charlesbank Capital Partners will become the new majority owner. Charlesbank Capital Partners is a middle-market private investment firm managing more than $7 billion of capital. Charlesbank focuses on management-led buyouts and... Read More »
Ophthalmology Groups Are Still Hot Targets
It’s been an incredibly busy January, and deal volume continues to pile up. Investor interest in physician groups has swelled in particular, as we reach 36 deals and counting. The hottest specialty so far has been for ophthalmology practices, which have accounted for seven deals so far this month. It’s a trend that has spilled over from 2020, when ophthalmology deals accounted for 22% of the 189 Physician Medical Group transactions announced last year. As other specialties, such as dental practices and dermatology groups, were hit hard by the pandemic, demand for cataract surgery and the ability to conduct eye exams and other routine care via telehealth grew, resulting in increasing... Read More »
Gainwell Technologies Acquires HMS
Gainwell Technologies, a portfolio company of Veritas Capital, has announced it acquired HMS (NASDAQ: HMSY). HMS provides a broad range of payment accuracy and population health management solutions, as well as analytics and engagement solutions. Under the terms of the agreement, Gainwell will buy HMS for $3.4 billion, or $37 per share in cash, a 52% premium to HMS’ unaffected share price as of October 2, 2020, the last trading day prior to when reports of a possible transaction were published. The purchase price comes out to 5.13x HMS’ 2020 annualized revenue and 22.60x HMS’ annualized EBITDA. Gainwell Technologies supports clients across the United States and territories with offerings... Read More »Schedule a demo
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