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United Surgical Partners Acquires BASS Surgery Center
Merritt Healthcare Advisors announced on May 23 that it acted as an advisor on the acquisition of Bay Area Surgical Specialist Services, LLC by United Surgical Partners International (USP). The financial terms of the transaction were not disclosed. Founded in 2016, Bay Area Surgical Specialist Services (doing business as BASS Surgery Center) is a 9,700-square-foot multi-specialty ambulatory surgery center (ASC) with four operating rooms in Walnut Creek, California. It also has more than 30 physician partners. USP is an operator of outpatient surgery centers. It is a Delaware corporation licensed to do business in Texas. Founded in 1998, it operates more than 535 surgical... Read More »
Click Therapeutics Acquires Assets of Better Therapeutics
On May 22, Click Therapeutics, Inc. announced that it had acquired assets of Better Therapeutics, Inc. Better Therapeutics is a first-in-class prescription digital therapeutic developed to deliver behavioral therapy to patients. Better went public through a merger with SPAC Mountain Crest Acquisition Corp. during the fall of 2021. The Better Therapeutics assets being acquired include the first FDA-authorized prescription digital therapeutic for type 2 diabetes, AspyreRx, as well as development candidates BT-002, BT-003 and BT-004 for hypertension, hyperlipidemia and metabolic dysfunction-associated steatohepatitis. Click Therapeutics, Inc. develops, validates and... Read More »
Sila Realty Trust Acquires Reading, PA Medical Outpatient Building
Sila Realty Trust, Inc. announced on May 22 the acquisition of a medical outpatient building (MOB) located in Reading, Pennsylvania for $10.5 million. The two-story, 30,000-square-foot MOB was constructed in 2020 and serves as the outpatient treatment center for former patients of the adjacent inpatient behavioral facility, as well as other patients that only require outpatient care. The purpose-built facility is positioned on the campus of the 144-bed Tower Behavioral Health facility, also constructed in 2020. The MOB is fully leased to Reading Behavioral Healthcare, a joint venture between Acadia Healthcare and Tower Health. Sila Realty Trust is a public, non-traded real estate... Read More »
Dalrada Financial Corporation Healthcare Subsidiary Genefic Acquires IV Services
Dalrada Financial Corporation announced on May 21 that its wholly-owned healthcare subsidiary, Genefic, Inc., has acquired IV Services, LLC for an undisclosed price. IV Services is a pharmaceutical business and infusion management leader with full pharmacy licenses in Louisiana and Mississippi. Genefic delivers modern systems and specialty pharmacy solutions for better care and a better patient experience. Genefic’s pharmacy solution, Genefic Specialty Pharmacy, offers more than 30 years of dedicated expertise in providing patient advocacy through end-to-end prescription services, medical education and patient advocacy and support. The acquisition of IV Services expands Genefic’s existing... Read More »
Addus HomeCare Divests of Operations in New York
Addus HomeCare Corporation announced on May 21 a definitive agreement to sell its New York operations to HCS-Girling, based in Brooklyn, New York. HCS-Girling is a leading provider of home health and home care services. Addus HomeCare is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well as hospice and home health services. The operations being sold consist of all of Addus’ personal care operations in the state of New York, including fiscal intermediary services under the New York Consumer Directed Personal Assistance Program. The timing for the closing of the transaction is subject to customary regulatory... Read More »
A Conversation With Cushman & Wakefield
The editorial team at LevinPro HC attended BOMA International’s Medical Real Estate Conference last week and sat down with Lorie Damon, who leads the healthcare advisory practice at Cushman & Wakefield. Below is the Q&A of the conversation covering the medical real estate market. Q: Can you provide a short background of you and the healthcare team at Cushman & Wakefield? A: I lead the healthcare advisory practice at Cushman & Wakefield, comprised of more than 300 experts across our various service lines and real estate disciplines, including brokerage, capital markets, property management, project management and valuations. Q: How would you rate/summarize the medical real... Read More »
Evergreen Nephrology Acquires Western Nephrology
On May 15, Evergreen Nephrology announced that it acquired Western Nephrology. Western Nephrology provides nephrology services out of one location in Wheat Ridge, Colorado. Its services include clinical services and all forms of dialysis. According to its website, the practice has 16 physicians on staff. A portfolio company that was launched by Rubicon Founders, Evergreen Nephrology partners with nephrologists to provide the financial backing to take on increased cost of care risks associated with value-based care, which offers financial incentives to physicians, health systems and other providers based on quality of care. Western Nephrology is the third nephrology... Read More »
PE-Backed Family Resource Home Care Acquires Specialty Service Solutions
Family Resource Home Care, a portfolio company of Great Point Partners, recently announced its acquisition of Specialty Service Solutions. According to data captured in the LevinPro HC database, this acquisition represents the 27th Home Health & Hospice deal of 2024. Based in Moses Lake, Washington, Specialty Service Solutions is a private in-home care agency licensed by the Washington State Department of Health. Family Resource Home Care is one of the largest independent home care services providers in the Pacific Northwest. The company provides home care services across 35 locations spanning Washington, Idaho and Oregon. It offers nurse delegation, personal care, home health, meal... Read More »
Centivo Acquires Virtual Primary Care Provider Eden Health
Centivo announced on May 20 the acquisition of Eden Health, an employer-centered virtual-first medical provider. Through this acquisition, Centivo now serves more than 160 employers ranging from Fortune 100 companies to small businesses, with market reach in all 50 states to remove barriers to healthcare. Eden Health unites primary care, mental health support and care navigation under a collaborative care model to simplify the complexity that patients typically face. Eden works directly with employer groups and health plans to provide best-in-class, 24/7 virtual and in-person care. Founded in 2017, Centivo offers a digital health plan aimed at self-funded employers looking to provide... Read More »Schedule a demo
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