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LITALICO Acquires Developmental Disability Centers of Nebraska for $50 Million
On June 28, LITALICO Inc. announced that it acquired Disability Centers of Nebraska (DDCN) for $50 Million. LITALICO will pay $29.5 million upfront and $20.5 million in an earn-out over three years. DDCN is a Medicaid-certified disability services provider based out of Omaha, Nebraska. It provides care for persons with disabilities and/or behavioral disorders. It was founded in 2015 and has 17 group homes in Nebraska. LITALICO is one of Japan’s largest intellectual and developmental disability (IDD) providers. According to the company’s financial reports, for the first quarter of 2024, LITALICO reported revenue of $7.72 billion. Following the acquisition, LITALICO... Read More »
Interview with Andre Ulloa at M&A Healthcare Advisors
We are always interested in hearing the opinion of advisors and other industry experts regarding the Home Health & Hospice (HH&H) market. So, we put out a pulse survey to gain a deeper understanding of the current trends and future outlook. From this survey, we spoke with Andre Ulloa, Partner and Executive Advisor at M&A Healthcare Advisors, to get his perspective on the market. Q: On a scale of 1-5, how optimistic are you about the future of the HH&H M&A market within the next year or two? A: “It’s been very difficult to predict markets in the last five years. Initially, volatility due to regulatory changes led to massive consolidations pre-COVID. The... Read More »
Elara Caring Grows Midwest Footprint With Caregivers Home Health Deal
Dallas, Texas-based Elara Caring announced that it has acquired Caregivers Home Health in a transaction that allows Elara Caring to enter the Iowa market and expand its footprint in Kansas. Founded in 2004, Caregivers Home Health is a privately-owned home health agency that operates in Kansas and Iowa. The company has locations in Topeka and Garden City, Kansas and Chariton and Centerville, Iowa. Elara Caring is one of the nation’s leading providers of home-based care, offering skilled home health, hospice, personal care services, behavioral health and palliative care. With a footprint in 17 states in the Northeast, Midwest and Southwest, it serves more than 60,000 patients and their... Read More »
Walgreens to Reduce Stake in VillageMD
Walgreens Boots Alliance Inc. announced its plan to reduce its majority stake in the primary care provider VillageMD, marking a strategic pivot in its healthcare services approach. This decision, revealed during the company’s third-quarter earnings call on June 27, 2024, comes after significant investments and expansions in the healthcare sector over recent years. In a statement, CEO Tim Wentworth emphasized that while Walgreens remains committed to VillageMD, it will no longer hold the majority ownership. “We believe in the future of these businesses and intend to remain an investor and partner,” Wentworth stated. “But as part of our persistent focus on value creation... Read More »
Sendero Capital & TPG Angelo Gordon acquire Wellesley, MA Medical Outpatient Building
Sendero Capital and TPG Angelo Gordon announced a joint venture to acquire a Wellesley, Massachusetts medical outpatient building (MOB) for $24.3 million. Newmark arranged the transaction. The building, anchored by Mass General Brigham and Tufts Medicine, spans 67,264 square feet and serves various medical specialties. The price is approximately $361 per square foot. Sendero Capital is a privately held real estate investment, development and advisory firm based in Boston, Massachusetts. The principals of the firm have decades of experience investing in, developing and managing large portfolios of real estate across the United States, including millions of square feet in... Read More »
Miami Lakes Medical Outpatient Building Sold to Private Buyer
On June 16, it was announced that a Miami Lakes, Florida medical outpatient building (MOB) was sold to a private buyer. The buyer was Kester Nedd, MD. The MOB is a three-story, 52,122-square-foot facility whose tenants are a variety of healthcare providers. The price is approximately $288 per square foot. The original press release disclosed that there is currently 9,075 square feet of space available for lease in the building. According to data captured in the LevinPro HC database, this transaction marks the 93rd MOB acquisition of 2024. Additionally, this is the 16th MOB in Florida to be acquired this year. Read More »
Home Oxygen Company Acquires Community Hospice & Health Services’ DME Division
Home Oxygen Company announced that it has completed an asset purchase of the durable medical equipment (DME) division of Community Hospice & Health Services, a nonprofit, community-based hospice and support services agency based in Modesto, California. The transaction, announced on June 25, closed June 15, 2024. Home Oxygen Company is a DME provider based in Modesto, California. The company provides cutting-edge home medical equipment and supplies for use in the home. Home Oxygen Company has also moved its warehouse to a larger 10,000-square-foot distribution center to accommodate its expanded business. The new center will serve the Sacramento and San Francisco areas. Financial terms... Read More »
Arcadia Acquires Healthcare Analytics Company CareJourney
Arcadia announced on June 27 that it has acquired CareJourney. The transaction strengthens Arcadia’s position as a trusted partner for leading healthcare brands like Southwestern Health Resources, Tandigm, Castell, Rush Health and Beth Israel Lahey Health. CareJourney is an Arlington, Virginia-based provider of cost and quality data that covers more than 300 episodes of care across more than 50 specialties and subspecialties. CareJourney derives market-leading analytics from Medicare, Medicaid, Medicare Advantage and Commercial claims data across more than 300 million beneficiaries and more than 2 million providers nationwide. Payers, providers and employers can use these actionable... Read More »
Spire Orthopedic Partners Acquires Ortho Rhode Island
On June 26, Spire Orthopedic Partners announced that it acquired Ortho Rhode Island for an undisclosed price. Formed in 2015, Ortho Rhode Island was established from the merger of four prominent practices in Rhode Island. Headquartered in Warwick, Rhode Island, Ortho Rhode Island provides clinical care across six locations and a state-of-the-art ambulatory surgery center. The company offers clinical innovation through leading technologies, including robotic-assisted surgery, minimally invasive nano-operative arthroscopy and orthobiologics treatments. Additionally, Ortho Rhode Island provides various ancillary service offerings including advanced imaging, orthopedic urgent care, durable... Read More »Schedule a demo
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