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Montecito Medical Buys MOB in Jacksonville, Florida
Montecito Medical Real Estate, a leading buyer of medical outpatient properties nationwide, announced the purchase of a medical outpatient building (MOB) in Jacksonville, Florida. The transaction was announced on December 3, 2024. The 10,475-square-foot specialty MOB is fully occupied by Terk Oncology, a prominent specialty provider. The building features a state-of-the-art linear accelerator vault, enabling precise radiation therapy and enhancing access to advanced treatment for local patients. The property is situated across the street from a major hospital campus. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed... Read More »
Aya Healthcare Acquires Cross Country Healthcare for $615 Million
Aya Healthcare and Cross Country Healthcare announced on December 4 that they have entered into a definitive agreement whereby Aya will acquire Cross Country. Cross Country Healthcare is being acquired for $18.61 per share in cash in a transaction valued at approximately $615 million. Cross Country Healthcare provides healthcare staffing and workforce solutions in the United States. The Boca Raton, Florida-based company assists more than 3,000 healthcare facilities in the United States and Caribbean. According to its most recent annual report, Cross Country had revenues of more than $2 billion during full year 2023, and EBITDA of $129.3 million. Aya Healthcare, Inc. is one of the largest... Read More »
NationsBenefits Acquires General Vision Services
NationsBenefits, LLC announced on December 3 that it acquired General Vision Services (GVS) for an undisclosed amount. CapM Advisors acted as financial advisor to GVS in this transaction. GVS is a leading managed vision company providing eyecare benefits and administration to millions of members nationally. GVS, in addition to its managed care services, also provides revenue cycle management services. General Vision Services supports millions of members across a clientele that includes employer groups, managed care and organized labor. Headquartered in Plantation, Florida, NationsBenefits is a provider of supplemental benefits, fintech solutions and outcomes for the... Read More »
CoachCare Buys PRM Provider in Sixth Deal Since 2023
CoachCare announced on December 2 that it has acquired Dallas, Texas-based Revolution Health Solutions. Revolution Health Solutions is a full-service care management provider specializing in remote patient monitoring (RPM), chronic care management and remote therapeutic monitoring. Revolution’s outsourced clinical teams enable healthcare providers to focus on clinical decisions while it handles monitoring and care management. CoachCare is a New York-based RPM and virtual health company. More than 150,000 patients in 3,000 locations benefit from CoachCare’s suite of virtual tools, including remote patient monitoring, video conferencing, real-time messaging, screening, content sharing and... Read More »Dental365 Acquires Brush & Floss Dental Center
On December 3, Dental365, a portfolio company of the private equity firm The Jordan Company since 2021, announced that it acquired Brush & Floss Dental Center. Brush & Floss Dental Center is a general dentistry practice based out of one location in Stratford, Connecticut. Brush & Floss Dental Center offers additional services such as sleep apnea treatments, dental implants and teeth straightening. According to its website, the practice is run by five physicians. Dental365 is a full-service family dental practice and support organization with locations throughout New York, Connecticut, New Jersey, Pennsylvania, New Hampshire, Massachusetts and Rhode... Read More »
PAM Health Expands Presence in Indiana With Acquisition of Southern Indiana Rehabilitation Hospital
PAM Health announced its acquisition of Southern Indiana Rehabilitation Hospital, effective December 3, 2024. The hospital will now operate as PAM Health Rehabilitation Hospital of Greater Indiana North. Based in New Albany, Indiana, Southern Indiana Rehabilitation Hospital offers inpatient and outpatient rehabilitation services. The New Albany facility holds certifications from The Joint Commission and the Commission on Accreditation of Rehabilitation Facilities. It has 60 beds. Founded in 2006, PAM Health, formerly Post Acute Medical, is a healthcare company that provides post-acute care services for patients with injuries, illnesses and disabilities. PAM Health has facilities in... Read More »
U.S. Physical Therapy Acquires Eight-Clinic Hand and Physical Therapy Practice in Wyoming
U.S. Physical Therapy, Inc., a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced on December 2 the acquisition of a hand and physical therapy practice with eight clinic locations in Wyoming. According to the original deal press release from December 2, 2024, the acquired practice currently generates approximately $6.5 million in annual revenues and 43,000 in annual visits. Founded in 1990, U.S. Physical Therapy operates more than 764 outpatient physical therapy clinics in 43 states. The company’s clinics provide preventive and post-operative care for a variety of orthopedic-related disorders and sports-related... Read More »
Healthcare M&A Volume Drops by More Than 30% in November
The healthcare M&A market slowed significantly in November, according to preliminary data in our LevinPro HC database. You could blame the holiday season or a few other extraneous events, but volume plunged by 31% compared with activity in October, dropping from 175 deals to just 120. Change in year-over-year volume was even more pronounced, falling by 34% compared with activity in November 2023. Although we expect to find more deals in the coming weeks (and from future SEC filings), November has been the slowest month of the year, with healthcare M&A numbers averaging 160 deals per month. On the other hand, spending soared during the month. In November, announced spending hit... Read More »
Respiri Acquires the Business and Assets of Orb Health for $9 Million
On November 26, Respiri Limited announced that it entered into an agreement with Orb Health, Inc. to acquire its business and assets for $9 million. The business and assets of Orb Health, Inc. include remote patient monitoring (RPM) and chronic care management services. Orb Health was founded in 2011 and is based in Richardson, Texas, a suburb of Dallas. Based in Melbourne, Australia, Respiri Limited is an e-Health SaaS company supporting respiratory health management. The company offers respiratory RPM. Respiri’s technology detects wheeze, a typical symptom of asthma, chronic obstructive pulmonary disease and respiratory disease to provide an objective measure of... Read More »Schedule a demo
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