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
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 »
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 »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
