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PeaceHealth Adds 4 Clark County-Based Providence Clinic Sites
PeaceHealth and Providence Medical Group have announced that they have entered into a definitive agreement that will result in PeaceHealth acquiring four health clinics from Providence. Pending the standard regulatory review processes, the clinics will transfer to PeaceHealth. The clinics are located in Vancouver, Washington in Clark County. The four clinic sites employ approximately 100 staff, including physicians, nurse practitioners, registered nurses, medical assistants, clinical care coordinators and patient service specialists. Across the sites, services provided include primary care, walk-in care and outpatient rehabilitation services. Providence is a not-for-profit, Portland,... Read More »
Thriveworks Acquires Synchronous Health in First Ever Acquisition
Mental health provider Thriveworks kicked off October with a deal announcement. The company announced on October 2 that it has acquired AI-powered behavioral health company Synchronous Health. Synchronous Health is a behavioral telehealth company that delivers online counseling and coaching from human specialists with support between sessions from Karla®, an AI bot. Lynchburg, Virginia-based Thriveworks offers therapy and psychiatry services through in-person and virtual modalities. The provider operates more than 340 facilities in 49 states and Washington, D.C., and employs more than 2,200 clinicians. The acquisition enables Thriveworks to expand its technology base and operate enterprise... Read More »
Behind the Deal: PGP Advises on Dermatology Transaction
Physician Growth Partners (PGP) announced that it acted as the exclusive financial advisor to Dermatology Consultants as it was acquired by Forefront Dermatology. We spoke with Michael Kroin, CEO and Managing Partner of PGP, who was able to provide his insights into the acquisition. PGP is a sell-side healthcare investment banking firm dedicated to representing independent physician practices in transactions with private equity. Established in 1976, Dermatology Consultants operates two dermatology locations and one specialty clinic in Kentucky. It provides a comprehensive suite of medical, surgical and cosmetic dermatology services. According to its website, the practice has... Read More »
Methodist Healthcare Buys Texas Rehabilitation Hospital
San Antonio, Texas-based Methodist Healthcare announced on October 2 that it has acquired San Antonio Rehabilitation Hospital from NewEra IRF Holdings, an integrated commercial real estate development and capital investment company. San Antonio Rehabilitation Hospital opened in September 2023 to provide inpatient rehabilitation services to people with debilitating illnesses and injuries. For more than 50 years, Methodist Healthcare has provided high-quality care to patients from San Antonio, its 26 surrounding counties and around the world. The hospital, now named Methodist Rehabilitation Hospital Texsan, will house inpatient rehabilitation services that were previously provided at... Read More »
RCM Provider VisiQuate Acquired by PE Firm Accel-KKR
VisiQuate announced on October 1 its acquisition by Menlo Park, California-based private equity firm Accel-KKR. Financial terms of the deal were not disclosed. VisiQuate offers a user-friendly end-to-end revenue cycle management (RCM) and analytics solution that lets virtually anyone in a healthcare organization explore complex data from multiple sources to quickly gain insights and create actionable workflows. Since it was founded in 2009, VisiQuate has partnered with hospitals and health systems to markedly improve their top and bottom line. The company is headquartered in Santa Rosa, California. Accel-KKR is a technology-focused investment firm with more than $5 billion in capital... Read More »
Spectra Medical Devices Acquires XL Precision Technologies
Spectra Medical Devices, a portfolio company of private equity firm QHP Capital, announced on September 30 that it entered into an agreement to acquire XL Precision Technologies. XL Precision Technologies is a contract development and manufacturing organization (CDMO) specializing in the manufacture of precision micro-components, complex tubular components and sub-assemblies for the medical device industry. It is based in Stockton-on-Tees, England. Spectra Medical Devices is one of the world’s leading manufacturers of made-to-spec procedural needles. Spectra is a CDMO to industry-leading, multi-national healthcare companies, global original equipment manufacturers and... Read More »
Valerio Therapeutics Acquires Emglev Therapeutics
On September 30, Valerio Therapeutics, a Paris-based, clinical-stage biotechnology company, announced its acquisition of Emglev Therapeutics. Founded in 2023, Emglev is a biotechnology company that was established as a spin-off of Institut Curie and aims to develop immunotherapies to address unmet medical needs in oncology. It is a single-domain antibody-based therapeutics company. It is headquartered in Paris, France. Valerio Therapeutics is focused on developing innovative oncology drugs targeting tumor DNA-binding functions through unique mechanisms of action in the sought-after field of DNA Damage Response. The company is focused on bringing early-stage... Read More »Healthcare M&A Activity in Q3 Stabilizes
Despite all the headwinds straining the healthcare M&A market, deal activity stabilized in the third quarter of 2024, according to preliminary results in the LevinPro HC database. With 489 deals on the books in the last week of September, we saw only a marginal decline in activity compared with the second quarter of 2024 and year-over-year numbers. From April to June, there were 499 deals, and in Q3:23, activity reached 516 deals. Disclosed spending followed a similar trend to quarterly deal volumes, which is not always the case. Announced prices hit approximately $44 billion in Q3:24, a 7% decline compared to the second quarter ($47.4 billion) but a 7% year-over-year increase... Read More »
Affinity Equity Partners Acquires Australian Diagnostic Imaging Provider for $658 Million
Hong Kong-based Affinity Equity Partners announced that it is acquiring radiology services provider Lumus Imaging from St Leonards, Australia-based healthcare company Healius Limited for A$965 million (approximately $658 million USD). Lumus Imaging is a Sydney, Australia-based diagnostic imaging company. It is made up of a team of radiographers, sonographers, nuclear medicine technologists and nurses. It has more than 2,000 diagnostic imaging experts and support staff across 135 sites across Australia. Affinity Equity Partners is one of the largest Asian private equity firms in the world, with more than $14 billion in assets under management. It was founded in 1998. Healius expects to net... Read More »Schedule a demo
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