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Avel eCare Bolsters Telemedicine Offerings With Horizon Virtual Deal
Avel eCare continues to expand its nationwide leadership in telemedicine with the acquisition of Horizon Virtual. The deal marks Avel’s third acquisition since January 2023 as the company continues its aggressive growth strategy into 2024. Horizon Virtual is a Minnesota-based virtual hospitalist services provider offering telehealth admission and telemedicine coverage to hospital patients. Avel eCare offers one of the largest and most comprehensive virtual health networks in the world. Since 1993, Avel physicians and clinicians have partnered with more than 650 healthcare systems, rural hospitals, outpatient clinics, long-term care facilities, schools and correctional facilities... Read More »
PE Firm KKR Picks up Bengaluru-based Healthium
KKR & Co. announced on Monday its acquisition of Bengaluru, India-based medical devices company Healthium Medtech from an affiliate of funds advised by private equity firm Apax Partners. Healthium was previously known as Sutures India. It is the leading medical device company in India that develops, manufactures and sells a broad range of surgical products globally. Its portfolio caters to a wide spectrum of surgeons’ needs, offering wound closure, arthroscopy, and advanced wound closure products. Healthium’s key brands include Trusynth, Truglyde, Trubond and Sironix. Apax Partners previously acquired the company in 2018. KKR is a leading global investment firm that manages multiple... Read More »
Are We Past the Healthcare Retail Peak?
The Pull-Back Strategy of Village MD The March 2024 announcement from Walgreens Boots Alliance to scale back nearly half of its VillageMD clinics has sent shockwaves through the retail healthcare field. This pull-back, coupled with similar moves by Walmart and hints of caution from other retailers like CVS Health, raises serious questions about the long-term viability of the entire model. When we first covered the retail healthcare space back in late 2022, the message from many industry experts was that retail healthcare was here to stay. But now, with the recent news of Walgreens planning to close 160 VillageMD clinics across several states, we can’t help but to wonder – has retail... Read More »
Mind Body Optimization Acquires Mind Body Wellness
On May 6, Mind Body Optimization (MBO) announced that it entered into an agreement to acquire Mind Body Wellness. Mind Body Wellness is a mental health provider that operates out of Franklin, Tennessee. It focuses on mental health as well as addiction. MBO is an outpatient mental health center that operates out of locations in Texas and Tennessee. It offers treatment for depression, anxiety, PTSD and trauma. With this acquisition MBO operates out of five locations: Southlake, Plano and Fort Worth, Texas, as well as Franklin and Knoxville, Tennessee. The financial terms of the acquisition were not disclosed. According to data captured in the LevinPro HC database,... Read More »
Osstem Implant Acquires Implacil de Bortoli
Osstem Implant announced on May 2 that it entered into an agreement to acquire a 100% stake in Implacil de Bortoli for $89.8 million. Implacil de Bortoli is a Brazilian dental implant firm. With a portfolio of approximately 1,300 product items, the company offers a complete dental solution, ranging from dental implants and prosthetic components to surgical kits and biomaterials. The company has an annual production capacity of 9.1 million units and operates five distribution centers covering more than 13,000 clients across Brazil. According to the press release, the company reported $874 million in revenue in 2023. Osstem Implant, which is backed by MBK Partners and UCK... Read More »
The Pennant Group Acquires South Davis Home Health and South Davis Hospice
The Pennant Group, Inc. announced that it has acquired South Davis Home Health and South Davis Hospice, which provides skilled home health and hospice services in Davis County, Utah. The home health and hospice provider is based in Bountiful, Utah. The Pennant Group is a holding company of independent operating subsidiaries that provide healthcare services through 112 home health and hospice agencies and 53 senior living communities located in Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. Each of these businesses is operated by a separate, independent operating subsidiary that has its own management, employees... Read More »
PE Firm Knox Lane Partners with All Star Healthcare Solutions
Knox Lane announced on May 2 that it has acquired a majority stake in All Star Healthcare Solutions. According to data captured in the LevinPro HC database, this acquisition represents the fourth healthcare staffing transaction of 2024. There were 29 healthcare staffing deals announced during 2023, and 35 announced during 2022. All Star Healthcare Solutions All Star is a provider of specialty-focused locum tenens and permanent placement opportunities for physicians and advanced practitioners in the United States. Headquartered in Deerfield Beach, Florida, All Star provides its services across all 50 states to more than 150 unique hospital systems and more than 400 individual healthcare... Read More »
NuvoAir Medical Partners Acquires Privia Medical Group – Georgia
On May 1, NuvoAir Medical Partners announced that it was entering into an agreement to acquire Privia Medical Group – Georgia. Privia Medical Group – Georgia is part of Privia Health. It is a technology-driven, national physician enablement accountable care organization (ACO) that collaborates with medical groups, health plans, and health systems to optimize physician practices, improve patient experiences, and reward doctors for delivering high-value care in both in-person and virtual settings. Privia Medical Group – Georgia has more than 380 providers that care for more than 515,000 patients. NuvoAir Medical is at the forefront of value-based specialty care,... Read More »
Capitol Pain Institute Purchases Pain Care Surgery of Louisville
Capitol Pain Institute (CPI) has acquired Pain Care Surgery of Louisville, an ambulatory surgical center (ASC) in Louisville, Kentucky. This acquisition will allow CPI to offer more advanced procedures, including spinal cord and peripheral nerve stimulation, interspinous stabilization and fixation and posterior SI joint fusion. CPI utilizes a range of interventional treatments and medication optimization. It is owned by Iron Path Capital, a Nashville, Tennessee-based private equity firm focused on building differentiated businesses in the healthcare and specialty industrials sectors. Capitol Pain currently operates in six states: Colorado, Indiana, Kentucky, Minnesota, Ohio and Texas. With... Read More »Schedule a demo
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