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Johnson & Johnson to Acquire V-Wave for $600 Million
On August 20, Johnson & Johnson (J&J) announced that it entered into an agreement to acquire V-Wave Ltd. for an upfront price of $600 million. V-Wave is a privately held medical device company that was established in 2009 and is focused on developing innovative treatment options for people living with heart failure and cardiovascular disease. V-Wave’s cardiovascular implant technology specifically targets heart failure with reduced ejection fraction. The company is based in Pardes Hana – Karkur, Israel. J&J is one of the largest global healthcare and pharmaceutical companies with more than 130,000 employees worldwide. Its business lines include... Read More »
Most Active States for Healthcare Services M&A in 2024 (So Far)
As the healthcare industry continues to evolve, mergers and acquisitions (M&As) have become a strategic tool for providers to expand their reach, enhance services and improve efficiency. This year, certain states have emerged as particularly active hubs for healthcare services M&A. The healthcare services sectors included in this report include Behavioral Health Care, Home Health & Hospice, Hospitals, Laboratories, MRI & Dialysis, Long-Term Care, Managed Care, Physician Medical Groups, Rehabilitation and Other Services (a mix of companies providing ancillary healthcare services, or those relating to healthcare). This analysis examines the most active U.S. states and regions... Read More »
Smile Partners USA Acquires Bridgemill Dentistry
Smile Partners USA, backed by Evanston, Illinois-based private equity firm Silver Oak Services Partners, announced that it acquired Bridgemill Dentistry. Bridgemill Dentistry is a family and cosmetic dentistry practice with one location in Canton, Georgia. According to its website, the practice is run by two physicians: Dr. Scott Merritt and Dr. L. Michael Cox. It was founded in 2002. Smile Partners USA is a management support organization that offers back-office resources and services to premier, independent private dental practices and boutique group practices throughout Michigan, Georgia, Illinois and Alabama. This transaction represents Smile Partners... Read More »
Moses/Weitzman Health System Acquires Waterbury, Connecticut MOB
Belfonti Companies LLC announced that it sold a Waterbury, Connecticut medical outpatient building (MOB) for $2.9 million. The buyer was The Moses/Weitzman Health System. The transaction closed on July 31, 2024 and was announced on August 13, 2024. The MOB consists of 15,520 square feet and is situated on more than 1.6 acres of land, according to property records. It is occupied by the Community Health Center of Waterbury. The price was approximately $187 per square foot. Belfonti is a real estate developer that acquires, develops, renovates and manages value-added real estate development and investment assets throughout the United States and abroad. The company is based in... Read More »
Altrix Technology Acquires TFS Healthcare and Soleus People
Altrix Technology announced on August 14 that it has acquired two United Kingdom-based healthcare staffing companies: TFS Healthcare and Soleus People. TFS Healthcare specializes in the placement of healthcare professionals on a temporary, contract and permanent basis within the National Health Service (NHS) and private organizations, nationwide. When it was founded in 2010, the company initially focused on supplying mental health professionals. It now supports more than 60 trusts with a contingent workforce across various healthcare specialties. Soleus People, incorporated in 2014, is a nurse staffing firm that provides general and specialist nurses to 28 clients across the NHS and the... Read More »
The LTM Group Expands Texas Footprint With Wichita Home Health Services Deal
The LTM Group has announced the acquisition of Wichita Home Health Services. The deal will add more than 500 team members and more than 1,000 patients to the company’s network. Based in Wichita Falls, Texas, Wichita Home Health Services has provided home care to patients in its surrounding communities since 1969. The business was founded by Dr. Ruth Constant, who developed the first home health agency certified under Medicare in 1966. She was also one of the founding fellows of the National Association for Home Care & Hospice and the Texas Association of Home Care and Hospice (TAHC). Wichita Home Health is currently led by Chrystal Everett, who also serves as the president of TAHC. The... Read More »
Medusind Solutions Acquires Billing Solutions and edgeMED Healthcare
On August 14 Medusind Solutions, Inc. acquired both Billing Solutions, LLC and edgeMED Healthcare. Monroe Capital LLC acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisitions. Founded in 2011, Billing Solutions is a full-service third-party billing solutions company serving the mental and behavioral health industry. It operates in 13 states, providing revenue cycle management (RCM) services. edgeMED offers expert revenue cycle management services and innovative technological solutions tailored to enhance clinical, financial and operational efficiencies for medical organizations. The company is based in Boca Raton, Florida.... Read More »
MTM Acquires NEMT Business of Access2Care
Medical Transportation Management, Inc., doing business as MTM, Inc., announced that it acquired Access2Care LLC nonemergency medical transportation (NEMT) business. Founded in 1998, Access2Care is the industry’s third-largest NEMT broker, officials said. Access2Care growth has taken it up to management of more than 8.6 million trip requests for more than 5.5 million people in nearly 30 states. The company also has a network of 1,900 NEMT providers with 14,000 vehicles, as well as 1,400 employees. MTM provides transit services to clients in Missouri. The company offers non-emergency medical transportation, home health coordination, preventative care and ambulance claims management... Read More »
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 »Schedule a demo
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