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Brightspring Health Services Acquires Haven Hospice for $60 Million
On June 24, BrightSpring Health Services, a portfolio company of New York-based private equity firm KKR & Co., announced that it was purchasing a home health organization for $60 million. North Central Florida Hospice, Inc. and Haven Medical Group, LLC are collectively known as Haven Hospice, a Florida-based company holding a Certificate of Need (CON) for comprehensive hospice care services in 18 counties in north central Florida. Founded in 1974, BrightSpring is a leading provider of diversified home and community-based health and pharmacy services to medically complex and high-need populations. Close to 80% of the company’s health care services are provided in the home.... Read More »Qualitas Dental Partners Acquires Three Rhode Island Dental Practices
On June 19, Qualitas Dental Partners, a premier dental partnership based in the greater Boston MSA, announced that it purchased three dental practices in Rhode Island. The practices were not disclosed but include a general dentistry practice in central Rhode Island known for its patient-centered approach and high-quality care; a multi-specialty practice that has been in business for several generations; and an oral and maxillofacial surgery center specializing in a wide range of surgical procedures and dental implants. This is Qualitas Dental Partners’ third transaction of 2024. In total, the company has purchased eight dental practices in Rhode Island and Massachusetts.... Read More »
OneOncology Partners with Anderson Area Cancer Center
OneOncology, a portfolio company of TPG Capital and AmerisourceBergen, announced that it strengthened its presence in South Carolina with the acquisition of Anderson Area Cancer Center. Anderson Area Cancer Center offers patients high quality, personalized healthcare close to their own home, including infusion, clinical trials, in-office drug dispensing and lab services. According to its website, the oncology practice has four physicians on staff who are supported by a team of three employees. OneOncology is a national network of independent community oncologists who assist partner practices in expanding their cancer care services. The company’s 1,000 cancer care... Read More »
Scaling Success: The Prominence of MSOs and DSOs in Healthcare
The prominence of Management Service Organizations (MSOs) and Dental Service Organizations (DSOs) in the healthcare market cannot be overstated. These entities have become essential players, particularly noted for their high transaction volumes. MSOs are businesses that work with predominantly physician groups to provide a range of administrative and management services to help alleviate physicians of those duties. DSOs are a specialized type of MSO that focuses exclusively on dental practices and are worth taking a deeper look at because of their high deal volume. It should be noted that the reason DSOs have such a high deal volume is because of the interest in dental practices and... Read More »
ANI Pharmaceuticals Buys Alimera Sciences
Baudette, Minnesota-based drug manufacturer ANI Pharmaceuticals announced that it will acquire Alimera Sciences. ANI Pharmaceuticals will acquire Alimera with cash and financing, paying $5.50 per share — a 75% premium over Alimera’s previous close, plus as much as 50¢ per share more should the business hit revenue goals in 2026 and 2027. The transaction is valued at $381 million. Alimera Sciences is an Alpharetta, Georgia-based pharmaceutical company that develops and commercializes prescription ophthalmic retinal pharmaceuticals. Alimera has 160 employees globally and markets two products: Iluvien, which treats diabetic macular edema, and Yutiq, which treats chronic non-infectious... Read More »
Frazier Healthcare Partners Announces Acquisition of BioMatrix
Frazier Healthcare Partners announced on June 25 that it has completed its acquisition of Plantation, Florida-based BioMatrix Holdings, LLC. Frazier is partnering with Ted and Kathee Kramm, two experienced industry executives in the home infusion market, to lead BioMatrix. BioMatrix Holdings (also called BioMatrix Specialty Infusion Pharmacy) is a national provider of home-based infusion services with clinical expertise in neurological diseases, immunology deficiencies and transplants, as well as blood disorders. BioMatrix serves a diversified base of patients with more than 2,500 physician-referral relationships across all 50 states. Frazier Healthcare Partners is a provider of growth... Read More »
Sharecare Enters Into Definitive Agreement to be Acquired by Altaris
Atlanta, Georgia-based Sharecare announced that it has entered into a definitive agreement to be acquired by an affiliate of Altaris Capital Partners. According to data captured in the LevinPro HC database, this acquisition represents the 116th eHealth transaction of 2024, and the 13th in the patient engagement specialty. Sharecare develops a mobile platform that lets patients manage their health through tools that include medication adherence and chronic disease management, and then communicate with a physician or doctor for consultation. According to its most recent financial report, Sharecare’s revenue for the full year 2023 was $445.3 million, and adjusted EBITDA was $16.5... Read More »
The Wilshire Group Expands RCM Services With Trifecta Group Acquisition
The Wilshire Group announced on June 24 the acquisition of Trifecta Group, Inc., headquartered in Redwood City, California. This acquisition will enhance Wilshire Group’s capabilities, extending its reach and reinforcing its commitment to providing comprehensive and client-focused revenue cycle management (RCM) consulting. Trifecta Group is a specialized consulting firm dedicated to helping healthcare providers improve their RCM processes and system utilization. The Trifecta Group serves payers, providers and healthcare systems across the country. Its portfolio of services includes evaluation and assessment of people, process and/or technology performance, project management,... Read More »
H/K/B Cosmetic Surgery Acquires Plastic Surgery Center of Nashville
On June 18, H/K/B Cosmetic Surgery (H/K/B) announced that it was expanding its Nashville presence with the acquisition of Plastic Surgery Center of Nashville. Plastic Surgery Center of Nashville provides a wide range of plastic surgery procedures. According to its website, the practice is run by two providers: Dr. Mary Gingrass and Dr. Melinda Haws. They are supported by a team of three employees. H/K/B, one of the largest privately held cosmetic surgery brands in the United States, is composed of ten aesthetic treatment centers. It is owned by a leading aesthetics management service operator, Kortesis Bharti Management Group, LLC (KBMG). According to the original press... Read More »Schedule a demo
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