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Care Advantage Expands in Virginia with Nova Home Health Care
Care Advantage announced this week that it has acquired Nova Home Health Care. The acquisition expands Care Advantage’s Northern Virginia footprint — a market that CEO Tim Hanold believes is an important one for current and future growth. Based in Fairfax, Virginia, Nova Home Health Care is a Medicare and Medicaid certified, locally owned and operated home health care agency. Care Advantage, a portfolio company of private equity firm Searchlight Capital Partners since 2021, is one of the largest privately held home healthcare providers in Virginia. It provides private duty nursing and personal care services. The company is Medicare certified. “Northern Virginia is one of the... Read More »
Tygon Peak Capital Creates New Healthcare Platform
Tygon Peak Capital announced on December 5 the creation of a new healthcare platform with the acquisition of two internal medicine practices: Internal Medicine Associates of Plano and Doctors of Internal Medicine. Tygon Peak Capital led the investment alongside a partnership with Greyrock Capital Group. Internal Medicine Associates of Plano operates out of two locations in the Dallas MSA. According to its website, the practice is run by 14 physicians. Doctors of Internal Medicine provides internal medicine care for all ages out of two locations in Texas. According to its website, the practice has six physicians on staff. Tygon Peak Capital is a New York City-based private... Read More »
Private Equity Interest in Pain Management ‘Starting to Heat Up’
More than 20% of American adults suffer from chronic pain, and research from the National Institutes of Health shows that only about 1 in 10 people experience a full recovery within a year. Numbers like these indicate a strong need for improved pain management services – and after years of wariness, many in the private equity community are now showing interest. “It’s a smaller niche market that was, to some extent, overlooked by private equity given its perceived risk in the context of the opioid crisis,” says Eric Major, a Managing Director at Provident Healthcare Partners. But now, he says interest is “starting to heat up.” One possible reason is a growing emphasis on... Read More »
Solaris Health Acquires Urologic Consultants
Solaris Health announced that it has continued its acquisition streak of 2023 having completed its fourth transaction. It has expanded its presence in Michigan with the acquisition of Urologic Consultants, a five-provider practice. Urologic Consultants provides urology care to all ages from four locations in Michigan. According to its website, its five physicians are supported by a team of six employees. Solaris Health, a portfolio company of private equity firm Lee Equity Partners, is a national healthcare platform committed to enhancing access to specialty health care. The group was formed in June 2020 when Lee Equity Partners purchased and merged Integrated Medical... Read More »
Resurgens Technology Partners Acquires Valant Medical Solutions
Gemspring Capital, a private equity firm based in Westport, Connecticut, announced on December 4 the sale of Valant Medical Solutions to Resurgens Technology Partners. Aeris Partners served as financial advisor to Valant and McDermott Will & Emery LLP served as legal counsel to Gemspring. The financial terms were not disclosed. Valant Medical Solutions is a provider of SaaS-based electronic health record (EHR) and practice management software for behavioral health providers. It provides a comprehensive and differentiated software platform that enables customers to manage key operational, clinical and financial workflows to drive optimal business and patient outcomes. Valant... Read More »Schedule a demo
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