Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40
Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
Rite Aid Emerges From Chapter 11 Bankruptcy as Private Company
The prominent U.S. pharmacy chain Rite Aid announced on Wednesday, September 4 that it has successfully completed its financial restructuring and is emerging from bankruptcy as a private company. The Philadelphia-headquartered company, which filed for bankruptcy protection in October 2023, has used the process to close underperforming stores, reduce its debt load by approximately $2 billion and secure $2.5 billion in exit financing to support its business moving forward. “Emergence is a pivotal moment in Rite Aid’s history, enabling it to move forward as a significantly transformed, stronger, and more efficient company,” said CEO and Chief Restructuring Officer Jeffrey... Read More »
Revelstoke Capital Partners Makes Significant Growth Investment in MediQuant
Revelstoke Capital Partners has announced a significant growth investment in MediQuant, LLC, representing the seventh investment from Revelstoke Capital Partners Fund III. MediQuant provides hospital data active archiving and interoperability solutions for hospitals and health systems. MediQuant’s flagship product, DataArk®, allows health systems to maintain access to relevant clinical, financial and administrative data, ensuring that valuable data required for patient care and compliance is secure and within reach. MediQuant’s platform applications provide an active view of patient records from within existing systems. This allows customers to reduce security risks and costs... Read More »
Interest Rate Environment Changing PE Strategies in Health Care
For years, private equity firms have been the dominant players in the healthcare investment market, but the macroeconomic headwinds and high interest rates have finally forced private equity firms and platform companies (collectively, PE Buyers) to slow their investment strategies. According to data captured in our LevinPro HC platform, PE buyers have publicly announced 434 transactions this year through August 25. That total compares to 535 transactions posted through the same period in 2023, representing an 18% year-over-year decrease in volume. “Beginning in Q4 of 2023, the private equity market began to feel the effects of an economic slowdown that continued into the first half... Read More »
Select Medical Buys 50-Bed Valir Rehabilitation Hospital
On September 4, Select Medical announced a definitive agreement to acquire Valir Rehabilitation Hospital in Oklahoma City, Oklahoma from Valir Health. Valir Rehabilitation Hospital is a 50-bed inpatient rehabilitation facility focused on personalized care, providing physical therapy, occupational therapy, speech therapy, medical care, nutritional support and more. Select Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States based on number of facilities. As of June 30, 2024, Select Medical operated 107 critical illness recovery hospitals in 29 states,... Read More »
Specialized Dental Partners Makes 17th Acquisition of 2024
On September 3, Specialized Dental Partners (SDP), a portfolio company of the private equity group Quad-C Management, announced that it acquired Elite Endo. This marks SDP’s 17th acquisition of 2024. Elite Endo is based in Universal City, Texas. According to its website, it is run by a team of two physicians (Dr. K Robert Thurman and Dr. Dr. Sara Fayazi) who are supported by a team of three employees. SDP (formerly known as US Endo Partners) is a specialty dental service organization that provides comprehensive support services to endodontic specialists across the United States. The company is based in Franklin, Texas. This transaction marks SDP’s first... Read More »
OneOncology Purchases Cancer Management Platform Navigating Cancer
OneOncology announced its acquisition of Navigating Cancer on September 4, 2024. Navigating Cancer is a comprehensive patient engagement and care management platform. The digital health company is based in Seattle, Washington. OneOncology is a national network of independent community oncologists who assist partner practices in expanding their cancer care services. The company’s 1,000 cancer care providers care for approximately 615,000 patients at more than 339 sites nationwide. In April 2023, OneOncology was acquired by TPG Capital and AmerisourceBergen from General Atlantic. The acquisition has already allowed Navigating Cancer to accelerate technology investments to benefit... Read More »
Palm Primary Care Strengthens North Texas Presence With MetHealth PA Acquisition
Fort Worth, Texas-based Palm Primary Care, part of the MBF Healthcare Partners II, L.P. portfolio, announced on September 4 the acquisition of MetHealth PA. MetHealth PA is a multi-physician primary care practice in Haltom City, Texas. The practice is led by Dr. Mai V Hoang and Dr. Tuan H. Nguyen, two family medicine physicians who have served the area for more than 20 years. Founded in 2013, Palm Medical Centers is a provider of value-based primary care services operating a total network of 44 medical centers in Florida and Texas. Palm Medical Centers serves more than 80,000 combined patients under value-based arrangements with health plans offering Medicare Advantage, managed Medicaid... Read More »
HREA Advises on ASC and MOB Transaction
On August 31, HREA – Healthcare Real Estate Advisors announced the sale of an outpatient ambulatory surgery center (ASC) and medical outpatient building (MOB). The ASC is based in Vestavia, Alabama and the MOB is in Montgomery, Alabama. Both the MOB and ASC are 100% leased by Surgical Dermatology Group (SDG). In 2023, SDG partnered with AQUA Dermatology, one of the largest full-service skincare providers in the Southeast, with more than 100 locations and 200 providers to meet the demand of the rapidly expanding healthcare market. AQUA Dermatology is backed by Gryphon Investors and GTCR, two leading middle-market private equity firms with a combined $33 billion of assets... Read More »
The US Oncology Network Expands Deeper into Central Illinois
The US Oncology Network announced on September 3 its acquisition of Illinois CancerCare (ILCC). ILCC is an oncology practice that is headquartered in Peoria, Illinois, with 13 additional locations across the state. ILCC provides medical oncology, diagnostic tests, laboratory services, targeted, biological and hormonal therapies, supportive care services and genetic counseling and testing, as well as cutting-edge clinical trials. According to its website, there are 21 physicians, 37 advanced practice providers and nearly 100 nurses on staff. Supported by McKesson Corporation, The US Oncology Network provides doctors with access to coordinated resources, best business practices... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
