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Private Equity Firms Expand into Rehabilitation

Private Equity Firms Expand into Rehabilitation

by | May 24, 2022 9:05 am | Private Equity, Rehabilitation

After several active M&A months, the Rehabilitation market has cooled. In January, Rehabilitation M&A activity hit a several month high with 16 announced deals. When compared to December 2021, which saw 13 deals and November 2021, with 12 deals, January 2022 does not seem like a large increase, but it is. According to LevinPro HC, February 2022 saw three announced deals; March saw nine deals; April saw eight deals; and May, so far, has only seen four deals. In total, there have been 40 Rehabilitation deals announced this year. One trend that is always worth noting is private equity activity in Rehabilitation. Out of the 40 deals, 27 of them have been done by private equity firms... Read More »
24 Hour Home Care Acquires California Home Care Agency Trusted Life Care

24 Hour Home Care Acquires California Home Care Agency Trusted Life Care

by | May 18, 2022 9:42 am | Home Health & Hospice, Private Equity

24 Hour Home Care, an award-winning non-medical in-home care provider, announced its acquisition of Trusted Life Care, a home care agency that provides personal care for seniors in California’s Orange and Los Angeles counties. Financial terms were not disclosed. According to the LevinPro HC database, this marks the 44th Home Health & Hospice transaction of 2022 so far, as well as the fifth announced during the month of May. This announcement also follows 24 Hour Home Care’s previous acquisition of another California-based home care agency, Bright Moon Care Services in March for an undisclosed price. The move to acquire Trusted Life Care originated from a strong referral partnership... Read More »
Clearview-backed MBI Acquires Two Leading Occupational Healthcare Providers

Clearview-backed MBI Acquires Two Leading Occupational Healthcare Providers

by | May 16, 2022 8:24 am | Physician Medical Groups, Private Equity

On May 11, Clearview Capital Fund IV, L.P. and its affiliates announced the acquisitions of two Colorado-based occupational healthcare providers, WorkWell Occupational Medicine, LLC and HealthQuest Medical Inc. & Conspire!, by MBI Industrial Medicine, Inc. According to the LevinPro HC database, the acquisitions of WorkWell and HealthQuest mark the fifth and sixth transactions announced within the occupational health subsector during 2022, and the second and third private equity transaction within the space, respectively. Another PE buyer making moves into occupational health is Chicago-based Seven Hills Capital, which backed Associates in Pediatric Therapy’s purchase of Jones Therapy... Read More »
Physical Rehabilitation Network Expands into California

Physical Rehabilitation Network Expands into California

by | May 10, 2022 10:31 am | Private Equity, Rehabilitation

On May 3, Gryphon Investors’ portfolio company, Physical Rehabilitation Network (PRN), announced its acquisition of Kinetix Advanced Physical Therapy. The financial terms of the deal were not disclosed. This is PRN’s first deal of the year.  Founded in 1991, PRN specializes in physical therapy care, workplace ergonomics solutions and serves as a comprehensive practice management organization, providing non-clinical administrative support services to physical therapists across 16 states. PRN is known for its leading, value-driven practice management services and innovative, outcomes-driven physical therapy care. Kinetix Advanced Physical Therapy is a privately owned outpatient... Read More »
OncoHealth Secures Strategic Investment from Arsenal Capital Partners & McKesson Corporation

OncoHealth Secures Strategic Investment from Arsenal Capital Partners & McKesson Corporation

by | May 10, 2022 9:22 am | eHealth, Private Equity

OncoHealth, the leading digital health company dedicated to oncology, announced on Monday it has received strategic investments from Arsenal Capital Partners, a private equity firm specializing in building transformational healthcare businesses, and from McKesson Corporation. The investments will support OncoHealth’s innovation and delivery of its oncology-specific digital health solutions for people with cancer, and Arsenal will take a majority ownership stake in the business. Financial terms were not disclosed. OncoHealth helps health plans, employers, providers, patients and life science researchers navigate the physical, mental and financial complexities of cancer through... Read More »
GI Alliance Acquires 6th Practice of 2022

GI Alliance Acquires 6th Practice of 2022

by | May 6, 2022 11:24 am | Physician Medical Groups, Private Equity

In the first week of May, Waud Capital Partners’ portfolio company, GI Alliance, announced that it had acquired two separate gastroenterology practices; Digestive Health Specialists (DHS) in Kansas City, Missouri and Gastroenterology Consultants, based in Houston, Texas. Neither of the financial terms of the deals were disclosed.  GI Alliance, a portfolio company of Waud Capital Partners, provides operational support to more than 1,000 providers, including over 625 gastroenterologists and physicians and 670 advanced practice providers across 11 states. It was formed through Waud’s partnership with Texas Digestive Disease Consultants in November 2018. DHS is a leading... Read More »