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Enhanced Healthcare Partners Makes a Growth Investment in Janus Health
New York-based Enhanced Healthcare Partners (EHP) has made a strategic growth investment in Janus Health. Janus Health intends to use the investment for rapid market expansion, product development and go-to-market initiatives. Terms of the deal were not disclosed. Janus Health is a Chicago-based provider of healthcare revenue cycle management (RCM) technology. The company helps health systems and revenue cycle service companies understand, optimize and automate RCM workflow processes. Over the past 12 months, Janus has completed more than 500 million process events and automated more than 40 million transactions. EHP is a healthcare-focused private equity firm committed to partnering with... Read More »
Acko General Insurance Acquires Parentlane
Acko General Insurance, backed by General Atlantic, announced on March 17 its acquisition of Parentlane, a leading digital health platform in the maternity & child health space. Following the deal, Parentlane co-founder and CEO, Vijay Anand, will join the Acko leadership team and spearhead strategic initiatives for the company. Terms of the deal were not disclosed. Founded in 2015, Parentlane provides young millennial parents with healthcare solutions from preconception to early childhood development phase. Parentlane serves more than 2 million users yearly on the platform with personalized content and delivers healthcare services by partnering with leading hospitals across the... Read More »
Spotlight on Cardiology and the Mounting Interest from Private Equity
Cardiology has been described as the “hot commodity” among private equity groups looking to increase investment in healthcare. Factors including significant patient demand for the services, more procedures shifting to outpatient settings, and the smaller number of existing independent practices compared to cardiologists working for health systems, have fostered competition in the sector and driven valuations higher than in any other specialty. A number of private equity firms have established platforms including Webster Equity Partners with Cardiovascular Associates of America, Ares Management and US Heart and Vascular, and Varsity Healthcare... Read More »
Legacy Hospice Acquires Safe Harbor Hospice
Legacy Hospice, backed by the Chicago-based private equity firm Prairie Capital, has expanded in Missouri with its acquisition of Safe Harbor Hospice for an undisclosed sum. Safe Harbor’s 13-county service region builds on Legacy’s footprint in southeastern Missouri. Safe Harbor began exploring a potential sale back in 2020. Agenda Health advised Safe Harbor in the deal. Financial terms were not disclosed. “In looking to expand our geographical footprint in Missouri, Safe Harbor Hospice is a natural extension of the services we currently offer in southeastern Missouri,” said Legacy Hospice CEO Clark Blair. “We are excited about the opportunity to partner with an organization that shares... Read More »
