Kain Capital Announces Formation of New Hospice Holding Company and Its First Acquisition
Kain Capital LLC, a New York-based private equity firm, announced on November 18th both the formation of a new holding company for hospice investments, PERA Holdings, and the completion of the new platform’s acquisition of a majority stake in Hospice Care of America (HCA). The HCA acquisition marks PERA Holdings’ first acquisition. Terms of the deal were not disclosed. Founded in 2004 and headquartered in Kansas City, HCA offers quality hospice services and has operations in Oklahoma, Kansas, Missouri and Colorado. HCA also operates Colorado Palliative & Hospice Care, Missouri Palliative & Hospice Care, Kansas Palliative & Hospice Care and Oklahoma Palliative &... Read More »
Rural Healthcare Group acquires 4 physician groups from HCA
Nashville-based Rural Healthcare Group (RHG), backed by private equity firm Kinderhook Industries, announced on November 16 it purchased four middle-Tennessee primary care physician practices from HCA Healthcare. The acquisition brings the total number of practices owned by RHG to eight. Terms of the deal were not disclosed, but RHG Founder and CEO Benson Sloan said RHG can pay as much as seven figures per clinic. RHG is a multi-site primary care clinic operator focused on expanding primary care access in medically underserved areas and rural communities. RHG was launched by Kinderhook Industries in May 2022. According to the LevinPro HC database, this marks the 535th Physician Medical... Read More »
TeamHealth Acquires Acute Care Transitions
TeamHealth, a portfolio company of The Blackstone Group, announced its expansion in the Dallas-Fort Worth market with the acquisition of Acute Care Transitions, LLP, (ACT) an emergency medicine and advanced care at-home telehealth provider. TeamHealth provides outsourced medical care to more than 2,700 acute and post-acute facilities and physician groups nationwide. It has more than 15,000 affiliated healthcare professionals and advanced practice clinicians. TeamHealth was acquired by The Blackstone Group in October 2016 for $4.1 billion. According to the LevinPro HC database, this marks the 304th eHealth deal and the 50th telehealth transaction announced year-to-date. This is a slight... Read More »
ActivePro Rehab Partners Acquires 4 Oaks Physical Therapy
ActivePro Rehab Partners, a physical and occupational rehabilitation care development firm owned by The Beekman Group, announced an expansion of the company’s portfolio into Maryland with the acquisition of 4 Oaks Physical Therapy, a rehabilitative therapy provider with six locations across Maryland. According to the LevinPro HC database, this marks the 76th Rehabilitation transaction of 2022. With the acquisition, 4 Oaks Physical Therapy will grow their physical presence through a significant expansion to serve additional Maryland communities. Terms of the deal were not disclosed. This marks the second acquisition by ActivePro Rehab Partners during November 2022 following the... Read More »
OrthoAlliance Acquires Central Indiana Orthopedics
OrthoAlliance, backed by Beacon Orthopaedics and Revelstoke Capital Partners, announced on November 15 that it acquired Central Indiana Orthopedics. The transaction represents OrthoAlliance’s fifth acquisition of the year. Founded in 1950, Central Indiana Orthopedics is an independent orthopedic practice that delivers care to patients with bone, joint and muscle injuries and conditions. The practice has locations in Anderson, Elwood, Fishers, Marion, Muncie and Winchester, Indiana, and is run by 26 doctors. OrthoAlliance, a physician-led management services organization (MSO) for orthopedic groups, was formed in 2019 in partnership with Beacon Orthopaedics and Revelstoke Capital... Read More »Schedule a demo
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