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Confluent Health Welcomes Fitness Quest Physical Therapy to Expanding Network
On September 10, Confluent Health announced its latest partnership with Fitness Quest Physical Therapy, a physical therapy company with 16 clinics across Southwest Florida. Fitness Quest Physical Therapy has been providing rehabilitative services to patients in the Southwest Florida area since 1998. The company offers a comprehensive range of services, including orthopedic and sports physical therapy, total joint replacement rehabilitation, work-related injury therapy, pre/post-surgical rehabilitation, women’s and men’s pelvic health, neuro rehabilitation, gait and balance therapy, lymphedema therapy and auto accident injury recovery. Confluent Health, a portfolio company of... Read More »
Guided Practice Solutions Acquires 8 Dental Practices
On September 10, Guided Practice Solutions (GPS Dental), announced the acquisition of eight dental practices from across the country. Alex Bell Dental operates one location in Centerville, Ohio. According to its website, the practice has three physicians on staff. The practice focuses on general dentistry, esthetic treatments and oral surgery services. Based in Red Bank, New Jersey, Chapel Hill Dental Arts has three providers on staff, who are supported by a team of 10 employees. In addition to general dentistry services, the practice provides endodontic and periodontal services. Koczarski Family & Aesthetic Dentistry operates out of one location in... Read More »
U.S. Oral Surgery Management Acquires 4 Dental Practices
On September 10, U.S. Oral Surgery Management (USOSM), a portfolio company of New York City-based private equity firm Oak Hill Capital Partners, announced that it completed the acquisition of four dental practices. Granite State Oral Surgery operates out of two locations in New Hampshire: Salem and Londonderry. According to its website, the practice is run by Dr. Salman Malik, who is the only physician on staff. Oral Surgery & Implant Associates of Greenville is based in Greenville, South Carolina. According to its website, there is one provider on staff: Dr. Jeff Simmons. Hattiesburg Oral Surgery & Implant Center is based in Hattiesburg, Mississippi.... Read More »
Ballad Health Sells Laboratory Assets to Labcorp
Ballad Health announced that it is selling select operating assets of its outreach laboratory services to Labcorp. Ballad Health is a chain of hospitals headquartered in Johnson City, Tennessee. It was founded in 2018. LabCorp, an S&P 500 company, is a global life sciences company that is integrated with guiding patient care, providing clinical laboratory and end-to-end drug development services. The company provides information to help doctors, hospitals, pharmaceutical companies, researchers and patients make decisions. LabCorp has more than 80,000 employees across more than 100 countries and had reported annual revenue of $12.16 billion in 2023, according to the company’s 2023... Read More »
Iowa-Based Advanced Home Health Care Picks Up Mobile Nursing Services
Advanced Home Health Care announced on September 6 that it has acquired Mobile Nursing Services, headquartered in Fort Madison, Iowa. Mobile Nursing Services specializes in care and daily living assistance to an array of individuals. The company was founded in 1993. Headquartered in Burlington, Iowa, Advanced Home Health Care is a private locally owned home health care agency serving Southeast Iowa since 1997. The company provides home health services to customers in a five-county area including Des Moines, Lee, Henry, Van Buren and Louisa. Services include skilled nursing and therapy, Veterans Administration services, pediatric services, private duty nursing and private duty care.... Read More »
Align ENT + Allergy Acquires Vernose & McGrath ENT Associates
Align ENT + Allergy, a portfolio company of New York-based investment firm Zenyth Partners, announced that it was expanding its services in the Greater Philadelphia area with the acquisition of Vernose & McGrath ENT Associates. The financial terms were not disclosed. Vernose & McGrath ENT Associates is an ear, nose & throat (ENT) practice that offers otolaryngology, facial plastic surgery and head and neck surgery services. It has locations in Philadelphia, Pennsylvania and Marlton and Turnersville, New Jersey. According to its website, there are four providers on staff. Founded in 2022, Align ENT + Allergy is a management services organization (MSO)... Read More »
Siemens Buys Novartis’s Nuclear Diagnostics Segment for $223 Million
Siemens Healthineers announced it acquired Advanced Accelerator Applications S.A. (AAA) for $223 million from Novartis AG. AAA, a radiopharmaceutical company, develops, produces and commercializes molecular nuclear medicines including Lutathera® (177Lu-DOTATATE), a first-in-class RLT product for neuroendocrine tumors. Radiopharmaceuticals are unique medicinal formulations containing radioisotopes which are used clinically for both diagnosis and therapy. Novartis bought AAA in 2017 for $3.9 billion. Siemens Healthineers manages a portfolio of products and services in areas of diagnostic and therapeutic imaging and in laboratory diagnostics and molecular... Read More »
Healthcare M&A Dips: August Sees 9% Decline in Deals
Healthcare mergers & acquisitions (M&A) deal activity declined in August 2024, according to data captured in the LevinPro HC database. Totaling 161 transactions throughout the month, this is an approximately 9% decrease from July 2024, when 177 healthcare transactions were reported. The deal volume of the entirety of August 2024 accounts for nearly 12% of the 1,352 healthcare transactions announced since the start of the year. While most sectors reported similar numbers between July and August, markets such as Other Services and Biotechnology & Pharmaceuticals (Biopharma) saw a steep decline. The Biopharma space declined from 18 transactions in July 2024 to 14 in August... Read More »
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 »Schedule a demo
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