Health Connect America Acquires First Home Care, North Star Counseling of Central Florida
Health Connect America, Inc., a portfolio company of Palladium Equity Partners, announced that it has completed the acquisitions of First Home Care and North Star Counseling of Central Florida. These transactions build on Health Connect America’s previous three acquisitions announced in early 2022. Based in Richmond, Virginia, First Home Care is a provider of therapeutic foster care (TFC) programs in four locations throughout Virginia, and in collaboration with Foundations for Home and Community in Washington, D.C. and Maryland. Based in Kissimmee, Florida, North Star Counseling of Central Florida provides behavioral therapy services and targeted case management focusing on children... Read More »
Apax Partners Acquires French CRO Porsolt
Apax Partners, a London-based private equity firm, announced on February 21 that it acquired a majority stake in Porsolt, a global preclinical contract research organization (CRO) located in Le Genest-Saint-Isle, France. This partnership will enhance Porsolt’s service offering and expand its portfolio and capabilities for drug screening, efficacy and safety for clients worldwide. Terms of the deal were not disclosed. Porsolt works with pharmaceutical and biotechnology companies, academic institutes and not-for-profit organizations, offering specialized preclinical testing services across many disease areas, physiological systems and processes. The funds managed and advised by Apax... Read More »
Modular Devices Partners With Interim Diagnostic Imaging
Modular Devices, a portfolio company of private equity firm O2 Investment Partners, announced on February 16 that it has partnered with Interim Diagnostic Imaging. The addition of Interim Diagnostic Imaging significantly increases Modular Devices’ fleet while providing diversification and improving product offerings. The combined company will offer customers a full range of medical imaging labs including catheterization, cleanroom, PET/CT, MRI and CT. Terms of the deal were not disclosed. Interim Diagnostic Imaging is a provider of mobile CT and MRI medical imaging labs in the U.S. and Canada. The company was founded in 2003 and is headquartered in Plymouth, Minnesota. Founded in 1987,... Read More »
Ivy Rehab for Kids Partners With Sora Therapy
Ivy Rehab for Kids welcomes Sora Therapy to its network. Founded in 2004 and based in Andover, Minnesota, Sora Therapy provides pediatric physical, occupational and speech therapy. Terms of the deal were not disclosed. Ivy Rehab for Kids is an outpatient pediatric rehabilitation provider and part of the Ivy Rehab network. Founded in 2003, Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, is a network of outpatient physical, occupational and speech therapy and ABA clinics throughout the U.S. According to data captured in the LevinPro HC database, this marks the seventh Rehabilitation transaction of 2023. This is a significant decrease from the same... Read More »
Avantik Partners With Water Street, Appoints New CEO
Pine Brook, New Jersey-based Avantik has announced a partnership with strategic healthcare investor Water Street Healthcare Partners. Water Street has committed significant capital in addition to its diagnostics experience and network of relationships to advance the next phase of Avantik’s expansion. Working with Water Street, Avantik plans to invest in organic initiatives and acquisitions to expand its portfolio of consumables and equipment and enhance its maintenance and repair services. Avantik and Water Street have appointed Mark Zacur, executive advisor at Water Street, as CEO of Avantik. Terms of the deal were not disclosed. Founded in 1971, Avantik supports anatomic pathology... Read More »Schedule a demo
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