PE-Backed HealthComp and Virgin Pulse Merge
HealthComp and Virgin Pulse are merging. The transaction is valued at $3 billion, but officials from the company did not confirm this. The deal will create a single technology platform allowing patients and employers to manage health plans. According to data captured in the LevinPro HC database, this acquisition represents the 207th eHealth transaction of 2023, including 11 in the patient engagement specialty. Virgin Pulse is a digital-first health, wellbeing and navigation company that empowers organizations across the globe to activate populations, improve health outcomes and reduce spending. Virgin Pulse is backed by private equity firm Marlin Equity Partners. HealthComp, a New... Read More »
Hospice Care Transformed by Private Equity and Public Acquirers: Key Insights
In the evolving world of hospice care, private equity firms and publicly traded companies have made their mark, according to a recent study published in JAMA Network Open. The JAMA study looked at 1,967 U.S. hospice agencies, of which 158 were acquired by private equity firms and 250 were acquired by publicly traded companies. The data revealed a significant shift in the patient demographics and care approaches at hospice agencies acquired by private equity firms and publicly traded companies. This transformation seems geared towards maximizing profitability. According to the JAMA study, private equity-owned agencies saw a nearly 6% surge in patients with dementia... Read More »
Epiphany Dermatology Acquires St. Louis Dermatology Practice
CI Capital Partners’-backed Epiphany Dermatology announced its second transaction of the month with the purchase of Dr. Lee Portnoff, MD, PC’s dermatology practice. The financial terms were not disclosed. Dr. Portnoff operates out of one St. Louis, Missouri location. The practice is affiliated with St. Luke’s Hospital, a multi-specialty hospital in St. Louis with more than 180 physicians. Through its partnerships with dermatologists across 80 locations in 13 states, Epiphany provides general dermatology, skin cancer care, Mohs surgery, cosmetic services and additional dermatologic services. It was founded in 2014. This is Epiphany Dermatology’s... Read More »
Ascend Partners’ Portfolio Company Acquires Metzger Comprehensive Care
On September 25, Medical Specialists of the Palm Beaches (MSPB) announced its acquisition of a one-physician practice: Metzger Comprehensive Care. Metzger Comprehensive Care is a concierge medicine practice in Boca Raton, Florida. The practice is run by Dr. Charles Metzger. Backed by Ascend Partners, MSPB is a primary care-focused, multi-specialty physician group practice in South Florida. It has a team of more than 95 providers and more than 35 offices across the state. This transaction is MSPB’s third acquisition in 2023 and adds to MSPB’s concierge services. The financial terms of the acquisition were not disclosed. According to data captured in... Read More »
Flourish Research Acquires Valley Clinical Trials
Flourish Research, backed by private equity firm NMS Capital, announced its acquisition of Valley Clinical Trials, based in the Los Angeles suburb of Northridge, California. The financial terms of the transaction were not disclosed. Valley Clinical Trials is a leading clinical research site with three locations in California that specialize in cardiology, metabolic and related therapeutic areas. Since its founding in 2010, Valley has rapidly grown into a leading multi-site clinical trials company serving a broad and diverse population of patients in Los Angeles County. Launched in 2021. Flourish Research is a clinical trial site network. The company has sites throughout... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
