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
National Seating & Mobility Acquires AdaptHealth’s Rehabilitation Technology Assets
National Seating & Mobility (NMS), a portfolio company of New York City-based private equity firm Court Square Capital Partners, announced that it acquired AdaptHealth’s complex rehabilitation technology assets. According to data captured in the LevinPro HC database, this acquisition marks the 59th Home Health & Hospice transaction of the year. AdaptHealth specializes in home medical equipment and in-home care solutions across the United States. NMS provides rehabilitation technology solutions focusing on highly customized wheelchairs for patients diagnosed with long-term or permanent loss of mobility. NMS operates through rehabilitation technician specialists who... Read More »
Rural Healthcare Group acquires Stewardship Health for $245 Million
Rural Healthcare Group, backed by New York-based private equity firm Kinderhook Industries, announced that it entered into an agreement to acquire Stewardship Health. Steward Medical Group and Steward Health Care Network are combined to create Stewardship Health. Stewardship is a physician-led multispecialty organization offering primary care and specialty services which includes Steward Emergency Physicians of Ohio, Inc., and Steward Emergency Physicians of Pennsylvania, Inc. According to the press release, the network consists of more than 1,700 physicians across 11 states including Ohio, Pennsylvania and Massachusetts. Rural Healthcare Group is a multi-site primary care... Read More »
Crown Laboratories Merges with Revance Therapeutics
Crown Laboratories, Inc., a portfolio company of New York City-based private equity firm Hildred Capital Partners LLC, announced that it entered into an agreement to acquire Revance Therapeutics, Inc. Crown will commence a tender offer to acquire all outstanding shares of Revance’s common stock for $6.66 per share in cash, representing a total enterprise value of $924 million. The purchase price represents a premium of 89% over Revance’s closing market price on August 9, 2024, and a 111% premium to Revance’s 60-day volume-weighted average price. Revance Therapeutics, Inc. is a biotechnology company based in Nashville, Tennessee. Revance’s... Read More »
Värde Partners Purchases MOB in Blue Ash, Ohio for $40 Million
Värde Partners has acquired a medical outpatient building (MOB) in Blue Ash, Ohio for $40 million, including $16 million in cash, according to Hamilton County Auditor documents. Cincinnati Eye Institute, whose parent company was acquired for $600 million by St. Louis-based EyeCare Partners in 2021, occupies the MOB as a tenant. Constructed in 1985, the building last sold in 2005 for $9.7 million. It was most recently appraised in 2023, resulting in an $18 million valuation. The 113,723-square-foot building, which includes an outpatient surgical center and medical offices, is being sold for more than $351 per square foot. Värde Partners is a leading global alternative investment firm... Read More »
Baxter Sells Kidney Care Segment to Carlyle for $3.5 Billion in Cash
Baxter International Inc. and funds managed by global investment firm The Carlyle Group announced on August 13 that they have signed a definitive agreement under which Carlyle will acquire the kidney-care unit of Baxter International. The unit will be named Vantive. The deal establishes Vantive as a leading standalone kidney care business backed by Carlyle’s global investment team and resources. Every day, millions of patients, caregivers and healthcare providers rely on Baxter’s portfolio of diagnostic, critical care, kidney care, nutrition, hospital and surgical products used across patient homes, hospitals, physician offices and other sites of care. The company’s products, digital... Read More »
Hospital M&A Activity Surges in July & August
For the past six weeks, players in the health system and hospital M&A market seem to be running a marathon, with 12 deals so far on the books. There has been a flurry of activity, ranging from divestments to larger system mergers. Many of these deals are unsurprising, often resulting from a years-long plan of a health system’s promise to balance its portfolio. Let’s look at some of the most notable hospital M&A activity of the third quarter (so far). Ascension divests in Illinois In late July, Missouri-based Ascension sold eight hospitals in Illinois and related post-acute and senior living facilities, which all comprise Ascension Illinois. Collectively, the eight hospitals... Read More »
DrDoctor Acquires Patient Engagement Platform Maia
On August 12, DrDoctor announced the acquisition of Maia from Mindwave Ventures, a personal health record platform custom built for mental health care that allows users to access appointments and triaging as well as documents, care plans, resources, questionnaires and more. Maia is a flexible and adaptable patient engagement portal, configurable by both the provider (NHS) and end user (patient, clinician and carer), creating a fully personalized experience, catering to individual needs and customized to the specific clinical priorities of each service within any healthcare provider. DrDoctor is the leading patient engagement platform in the United Kingdom, working with the NHS to deliver... Read More »
HouseWorks Expands Footprint in Pennsylvania With Bridge City Home Care Deal
HouseWorks announced that it has acquired the Pittsburgh-based personal care services company Bridge City Home Care. Financial terms of the deal were not disclosed. Bridge City Home Care provides non-medical in-home care services to individuals in Pittsburgh. The company offers personalized, compassionate and optimal care solutions, with a team of trained healthcare professionals. Its services include personal care and daily living assistance. Founded in 1998, HouseWorks provides in-home care services in Maine, Massachusetts, New Hampshire, New York, Pennsylvania and Tennessee. Along with traditional home care services, HouseWorks helps clients with certain home modification needs.... Read More »
Huff Orthopedics & Sports Medicine Joins Cape Fear Valley Health
Cape Fear Valley Health, a North Carolina-based health system, announced that it entered into an agreement to acquire Huff Orthopedics & Sports Medicine. Huff Orthopedics & Sports Medicine is an orthopedic practice with one location in Clinton, North Carolina. According to its website, the practice has one provider on staff (Dr. W. Alexander Huff) who is supported by a team of three physician assistants. Cape Fear Valley Health System operates a regional health system with multiple hospital types including rehabilitation hospitals and behavioral health hospitals. According to its website, the health system has approximately 530 physicians on staff that are spread across... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
