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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 »
PE-Backed Riverpoint Medical Acquires CP Medical
Riverpoint Medical announced that it has completed the acquisition of CP Medical. Riverpoint is a portfolio company of Arlington Capital Partners, a Washington, D.C.-area private investment firm specializing in government-regulated industries. CP Medical is a Norcross, Georgia-based manufacturer of surgical solutions, specializing in products for wound closure as well as for specialty surgical applications. CP Medical also manufactures a comprehensive portfolio of private-label sutures and wound closure products, sold through a global network of distributors, for the veterinary and human medical market. Headquartered in Portland, Oregon, Riverpoint Medical is a developer, designer and... Read More »
NMS Capital-Backed Flourish Research Partners With ENCORE Research Group
NMS Capital portfolio company Flourish Research announced that it has partnered with ENCORE Research Group, headquartered in Fleming Island, Florida. ENCORE Research Group is a clinical research organization with eight locations across Northern Florida. Since its inception in 1997, ENCORE has conducted more than 3,200 clinical trials across more than 50 therapeutic areas. ENCORE has expertise across multiple therapeutic areas including cardiology, metabolic, neuroscience, gastroenterology, orthopedics, autoimmune, pediatrics, early phase and infectious disease. Based in New York City, Flourish Research is a fully integrated clinical trial organization in North America. The company has... Read More »
MB2 Dental Solutions Acquires 4 Practices in June, Entering 42nd State
On June 24, MB2 Dental Solutions, a dental service organization (DSO) based in Carrollton, Texas, announced that it has acquired four practices in June 2024. Hanna G. Hanania DDS, PC is a three-provider dental practice in Dale City, Virginia led by Dr. Hanna Hanania. Based out of La Jolla, California, La Jolla Family Smile Design is a dental practice with four providers on staff. Children’s Dentistry of Abilene is a pediatric dental practice with one location in Abilene, Texas. According to its website, the practice is run by one physician: Dr. Norm Poorman. Pray Family Dentistry is a two-physician dental practice with one location in Anderson, South Carolina.... Read More »
Sacramento, California Medical Outpatient Building Sold
On June 26 Colliers U.S. Healthcare Capital Markets announced the closing of a healthcare real estate property. The financial terms of the transaction were not disclosed. The property is a 103,652-square-foot, medical outpatient building (MOB) and ambulatory surgery center (ASC) in Sacramento, California. It is 88% occupied by Sutter Health providing health care services that include family medicine, internal medicine, bariatrics and PT/ST/OT, along with specialty suites that include an urgent care clinic, on-site laboratory, infusion clinic and an ambulatory surgery center. According to data captured in the LevinPro HC database, there have been 92 MOB transactions since... Read More »
Interview with John Tiedmann at Physician Growth Partners
We are always interested in the opinion of advisors, and other industry experts, regarding the Physician Medical Group (PMG) market. So, we put out a pulse survey to get a better feel of the current environment. From this survey, we spoke with John Tiedmann, Managing Director at Physician Growth Partners, to get his perspective on the market. HOW OPTIMISTIC ARE YOU ABOUT THE MARKET, SCALE OF 1-5 I said ‘four’, so I am optimistic but not overly so. I’m optimistic because the market seems to be settling into a new norm. Over the last 18 months, market players have made peace with valuations, particularly sellers and physicians who realize that multiples might be lower than where they were... Read More »
GHR Healthcare Expands Locum Tenens Services With United Anesthesia Acquisition
Plymouth Meeting, Pennsylvania-based GHR Healthcare announced on June 26 the acquisition of United Anesthesia, marking a significant step in GHR Healthcare’s mission to expand its advanced practice and locum tenens staffing services. United Anesthesia, established in 1979 and headquartered in Greensboro, North Carolina, is a leading provider of nurse anesthetists and anesthesiologist staffing. GHR Healthcare, founded in 1993, offers comprehensive workforce solutions in clinical and nonclinical healthcare, including nursing, allied health, revenue cycle management, healthcare IT and education. Serving professionals, healthcare facilities, school districts and community-based... Read More »Schedule a demo
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