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Sales Above $1 Billion Show Power of the Revenue Cycle Management Market
In recent years, sale price announcements exceeding $1 billion have been a significant indicator of the strength of the healthcare industry’s revenue cycle management (RCM) subsector. Industry experts highlight the factors driving interest in RCM companies. “Historically, healthcare technology has been viewed as lagging behind other industries, but we’re seeing today’s technology evolve at a much faster pace,” said Brian Greenberg, CEO of Rockville, Maryland-based Greenberg Advisors, LLC, which provides M&A and strategic advisory solutions to business services and technology companies in the RCM, healthcare information technology and related markets. “The computer-assisted coding... Read More »
Med-Metrix Acquires Delaware-Based RCM Company
Med-Metrix, LLC, backed by Greenwich, Connecticut-based private equity firm A&M Capital Partners, announced it has acquired Hospital Billing & Collection Service, Ltd (HCBS), headquartered in New Castle, Delaware. HCBS is a premier, tech-enabled revenue cycle management (RCM) company that offers a comprehensive suite of RCM solutions. Since 1985, HBCS has served health systems across the United States and currently works with more than 75 hospital and physician groups. Med-Metrix, LLC is a leading technology-enabled services platform providing revenue cycle management and business intelligence solutions for health systems and physician groups across the United States. The company... Read More »
Addus HomeCare Acquires Gentiva’s Personal Care Operations
Addus HomeCare Corporation announced on June 10 a definitive agreement to acquire the personal care operations of Gentiva. The assets are being acquired for an anticipated purchase price, after customary purchase price adjustments, of approximately $350 million. Gentiva is a dedicated hospice, palliative and personal care services company, with more than 590 locations and thousands of compassionate clinicians and caregivers across 38 states. Gentiva’s corporate headquarters is in Atlanta, Georgia, with providers delivering care across the United States. Gentiva’s personal care operations serve more than 16,000 patients per day in across Arizona, Arkansas, California, Missouri, North... Read More »
Nova Sky Investments Acquires Novi, Michigan Medical Outpatient Building
Nova Sky Investments, LLC announced that it acquired a medical outpatient building (MOB) in Novi, Michigan for $9.3 million. The price breaks down to $256 per-square-foot. The two-story, 36,338-square-foot building is fully leased to Rehabilitation Physicians PC and Ascension Medical Group of Michigan. Nova Sky Investments is a leading real estate investment firm, property management and realty company in the Detroit MSA. It was founded more than 12 years ago. According to data captured in the LevinPro HC database, this acquisition marks the 79th MOB transaction of 2024. In 2023, 194 MOB transactions were reported, and in 2022 there were 216 announced.... Read More »
Dover Health Expands Into Illinois With Two Acquisitions
Dover Health announced that it is expanding its footprint into Illinois with its latest acquisitions. The company purchased Centered Care Hospice and Palliative Care and Cornerstone Home Healthcare LLC, both in the Chicago MSA. Centered Care Hospice and Palliative Care provides hospice and palliative care in Joliet, Illinois and the surrounding areas. Cornerstone Home Healthcare LLC is a provider of home health services, offering home therapy, skilled nursing, social work and home health aides for patients meeting Medicare’s home health eligibility. Cornerstone is also based in Joliet, Illinois. Through these acquisitions, Dover Health is expanding its footprint into Illinois, now serving... Read More »
Health Catalyst Completes Acquisition of Carevive Systems
Health Catalyst, Inc. announced that it has successfully completed its acquisition of Boston-based Carevive Systems. Carevive Systems, founded in 2013, is an oncology-focused health technology company dedicated to understanding and improving the cancer patient experience. Its platform enables providers to monitor and manage patients remotely, which improves survival outcomes and patient quality of life. Use of Carevive in the clinic unlocks critical data on the real-world cancer patient experience to continuously improve patient care today and advance cancer drug development. Health Catalyst is a data warehousing, analytics and outcomes-improvement company that helps healthcare... Read More »
Valsoft Corporation Acquires Progitek
On June 3, Valsoft Corporation announced that it acquired Quebec City-based Progitek. Founded in 1995, Progitek is a dental practice management software company. The company provides a software platform aimed at helping dentists go paperless and manage their clinics. The platform allows users to manage appointments, collect invoices, create treatment plans and create dental plans, among other features. Valsoft Corporation acquires and develops vertical market software companies, helping each business to deliver the best mission-critical solutions for customers in their respective industry or niche. The company is based in Montreal, Canada. In January, Valsoft received... Read More »
Guided Practice Solutions Dental Acquires 6 Dental Practices
Guided Practice Solutions Dental announced that it acquired six dental practices: Gentle Care Dentistry in Las Cruces, New Mexico; Neely Dental in Vandalia, Ohio; New Teeth Dental, which is based in Houston and League City, Texas; Omni Dental in McMurry and Shadyside, Pennsylvania; Akron Smile Complete Health Dentistry, with one location in Akron, Ohio; and Shirer Family Dentistry operates out of one location in Aiken, South Carolina. Guided Practice Solutions is a dental service organization founded in 2015 by Dr. Hunter Smith and Dr. William Little. It received a strategic investment by Main Post Partners in 2021. Together, these practices expand Guided Practice... Read More »
Imagen Dental Partners Acquires Dream Smile Center
Imagen Dental Partners announced that it expanded its presence in Florida with the acquisition of Dream Smile Center. The financial terms of the deal were not disclosed. Dream Smile Center operates out of one location in Fort Lauderdale, Florida. According to its website, it has two dentists on staff. Imagen Dental Partners is a dental partnership organization founded in 2020 that joins with dental practices, invests in them and supports their growth. Imagen Dental Partners supports practices in California, Arizona, Texas, Minnesota, Florida, Georgia, South Carolina, Tennessee, Kentucky, Illinois, Indiana, Ohio, Michigan, Oregon and Wisconsin. According to data captured... Read More »Schedule a demo
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