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Empowering Women in Private Equity: Insights from Cara Reymann at McGuireWoods Conference

Empowering Women in Private Equity: Insights from Cara Reymann at McGuireWoods Conference

It was a rainy day in Charlotte, North Carolina, when a group of women gathered to discuss their roles in private equity and finance at McGuireWoods’ 17th Annual Healthcare Finance and Growth Conference. The team at LevinPro HC sat down with Cara Reymann, CEO of First Fertility and one of the keynote speakers at the conference. The company helps patients on their fertility journey through more than 35 fertility practices and centers across the United States. With more than 20 years of executive experience in healthcare services, Reymann previously served as president of Fertilitas, a company that operates a network of fertility clinics across the country. Her keynote address at the Women... Read More »
MB2 Dental Acquires Four Dental Practices 

MB2 Dental Acquires Four Dental Practices 

On October 29, MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners since February 2021, announced that it acquired four dental practices.   Cypress Creek Dental, a cosmetic and family dentistry practice, operates out of one location in Florence, Alabama. According to its website, the dental practice has two physicians on staff: Drs. Tia Kennedy and Whitney Flippo.  Adult & Pediatric Dental Studio is based in Manalapan Township, New Jersey. According to its website, there are six providers on staff.  Based in Copperas Cove, Texas, Cove Family Dental is a sleep and implant dentistry practice. According to its... Read More »
VitalHub Announces Acquisition of Strata Health

VitalHub Announces Acquisition of Strata Health

VitalHub Corp. announced that it has acquired Strata Health Solutions Inc., a leading provider of patient flow solutions internationally. Strata Health is being purchased for a total up-front consideration of $32.3 million CAD (approximately $23.3 million USD), plus potential performance-based consideration. Based in Calgary, Canada, Strata Health designs, builds and deploys software that improves access and navigation to care. Strata Health has more than 80 health system partners and works with more than 500 hospitals to provide more than 800,000 patient transitions annually. The company serves customers in Canada, the United States, the United Kingdom and New Zealand with offices... Read More »
Highbar Physical Therapy Expands in Massachusetts With Peak Physical Therapy and Sports Performance

Highbar Physical Therapy Expands in Massachusetts With Peak Physical Therapy and Sports Performance

Highbar Physical Therapy announced on October 30 its partnership with Peak Physical Therapy and Sports Performance (Peak), a 10-location physical therapy practice in Massachusetts. Highbar Physical Therapy, formerly Performance Physical Therapy, is a physical therapy practice with clinics in more than 23 communities across Rhode Island and Southeastern Massachusetts. “Partnering with Highbar Physical Therapy represents an exciting new chapter for Peak Physical Therapy,” said Eric Edelman PT, Founder of Peak Physical Therapy and Sports Performance. “Our commitment has always been to deliver exceptional care and foster strong community connections. This collaboration will... Read More »
Lumia Care Expands into South Australia With Pop-Up Health Acquisition

Lumia Care Expands into South Australia With Pop-Up Health Acquisition

On October 30, Lumia Care announced that it has expanded into South Australia through its acquisition of Pop-Up Health. Founded in 2012, Pop-Up Health serves more than 400 South Australians daily with in-home and specialty healthcare. Lumia Care is an Australian healthcare group offering homecare services with personalized care plans, including assistance with daily activities and medical care, to support individuals at home. The Pop-Up Health acquisition brings 330 new nurses and care workers to Lumia’s network, extending its reach and service offerings across Australia. By joining Lumia, Pop-Up Health benefits from a national platform that supports local expertise with additional... Read More »
Francisco Partners to Acquire AdvancedMD from Global Payments

Francisco Partners to Acquire AdvancedMD from Global Payments

Francisco Partners announced on October 30 that it signed a definitive agreement to acquire AdvancedMD from Global Payments, Inc., a leading worldwide provider of payment technology and software solutions. Founded in 1999, AdvancedMD provides a cloud native medical office software platform that unifies practice management, electronic health record, patient engagement and payments software solutions. AdvancedMD’s end-to-end practice and patient workflow solutions help healthcare practices, independent physicians and medical billers optimize operations, reduce administrative burdens, manage higher patient encounters and improve patient outcomes. Francisco Partners is a private equity firm... Read More »
Physician Partners of America Acquires M.I. Spine and Joint Care 

Physician Partners of America Acquires M.I. Spine and Joint Care 

On October 28, Physician Partners of America (PPOA) announced that it acquired M.I. Spine and Joint Care for an undisclosed price.   M.I. Spine and Joint Care is a Prosper, Texas-based medical group known for its specialized care in spine and joint conditions. According to the website, the practice has one provider on staff.  PPOA is a national healthcare company that manages a wide range of medical practices, which include interventional pain management; laser-assisted, minimally invasive spinal procedures; orthopedics; psychology; personal injury; worker’s compensation and ambulatory surgery centers.  The acquisition, which went into effect on October 16, 2024,... Read More »
CopilotIQ and Biofourmis Merge to Create AI-Driven Platform for In-Home Care

CopilotIQ and Biofourmis Merge to Create AI-Driven Platform for In-Home Care

Nashville, Tennessee-based CopilotIQ and Boston, Massachusetts-based Biofourmis have announced a strategic merger between the two companies. Biofourmis is a global technology-enabled care delivery company, delivering in-home care solutions serving enterprise healthcare customers. Driven by data and FDA-cleared algorithms, the Biofourmis platform delivers interventions personalized to the individual and their disease. It’s configurable and scaleable, to adapt to the needs of organizations and patient populations. Biofourmis has received funding from both General Atlantic and Openspace Ventures. CopilotIQ, which launched in 2021, offers at-home remote health monitoring for older patients.... Read More »
El Paso, Texas MOB Acquired by Healing Realty Trust

El Paso, Texas MOB Acquired by Healing Realty Trust

Healing Realty Trust (HRT) announced the acquisition of a multi-tenant medical outpatient building (MOB) in El Paso, Texas, enhancing its clinic-focused portfolio. The MOB is being acquired for $7.15 million. The acquired asset is comprised of 50,213 square feet and is leased to a diverse range of medical tenants, including WellMed, Quest Diagnostics, Optum and Universal Health Services, with the opportunity to further enhance occupancy. The MOB is within a few miles of major hospitals (including both HCA Healthcare and Tenet Healthcare hospital systems), ambulatory surgery centers, long-term acute care hospitals, the University of Texas El Paso campus, Texas Tech Medical School and to... Read More »
Ahead of Presidential Election, Deal Volume Declines In October 2024

Ahead of Presidential Election, Deal Volume Declines In October 2024

Activity in the healthcare industry slowed down in October 2024, but an increase in certain sectors has left investors feeling hopeful for the coming months. In October 2024, 144 healthcare transactions were reported, a notable decrease from both October 2023, when 189 deals were announced, and September 2024, when 161 deals were reported. It is important to note that these numbers are preliminary findings for the month, and more deals may be added to the statistics as companies continue to announce transactions.  The most active sector in October was Other Services with 44 transactions, or approximately 31% of the announced healthcare deals. This is virtually the same as October 2023... Read More »