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Intrepid Advises Prime Providers on Its Acquisition of Right Choice In-Home Care
Intrepid Investment Bankers announced on October 3 that it served as exclusive financial advisor to Prime Provider on its acquisition of Right Choice In-Home Care. Intrepid structured and negotiated a financing package from Firmament, a New York-based investment firm, to support this acquisition. Right Choice In-Home Care serves Canoga Park, California and the surrounding area. Right Choice provides personal care and respite care services to patients with intellectual and developmental disabilities in California. Prime Providers is a home healthcare platform founded in 2018 by Pine Street, an investment firm led by Jonathan Sassover and Michael Davidov. The combined... Read More »
Elevate ENT Partners Expands Reach with North Florida Acquisition
Elevate ENT Partners, backed by private equity firm Audax Private Equity, announced on October 2 its acquisition of North Florida Center for Otolaryngology. Since 1990, North Florida Center for Otolaryngology has offered otolaryngology and head and neck surgery services to the St. Augustine, Florida community. According to its website, the practice has three providers offering care across two locations. With more than 80 otolaryngology centers and 130 physicians, Elevate ENT Partners invests in private ear, nose and throat (ENT) and allergy practices across the United States. It provides scalable infrastructure to help practices reach the next level in terms of financial... Read More »
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 »
