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Sutter Health Acquires 5 Radiation Oncology Centers
Sutter Health announced on March 1 that it was purchasing five radiation oncology centers from GenesisCare, a cancer care services provider. The centers are in Modesto, San Luis Obispo, Santa Cruz, Stockton and Templeton, California. Sutter Health’s networks spans more than 20 counties across northern California. It operates 24 hospitals (4,321 acute care beds), 34 outpatient surgery centers and myriad cardiac, cancer, rehabilitation, behavioral health and other centers. The acquired centers will benefit from Sutter Health’s practices, additional cancer resources and technologies. Many GenesisCare team members at the centers will be joining Sutter Health. Sutter has... Read More »
National Cancer Care Alliance Merges with Quality Cancer Care Alliance
National Cancer Care Alliance (NCCA) announced that it was merging with Quality Cancer Care Alliance (QCCA) to create ONCare Alliance, LLC. The financial terms of this merger were not disclosed. QCCA is a network of 20 oncology practices across the United States. According to its practices’ websites, there are a combined more than 300 physicians on staff. In addition to providing oncology care, QCCA is also known for its clinical trials services. NCCA is a network of independent oncology practices across the United States, organized by practicing physicians, providing collaborative, cutting edge oncology care. According to data captured in the LevinPro HC database,... Read More »
Halma Expands Health Tech Portfolio With Rovers Medical Devices
Halma plc announced on March 4 the acquisition of Rovers Medical Devices BV for an initial cash consideration of €85 million ($91.8 million USD), with additional payments of up to €6 million (about $6.5 million) pending future performance. The acquisition is expected to strengthen Halma’s market position by broadening its healthcare technology offerings. Rovers Medical Devices is involved in the development, production and world-wide sales of medical devices with a focus on cell sampling devices. The company had a revenue of €12 million (about $13 million USD) for the 12 months ending December 31, 2023, according to the original deal press release. Halma is a global group of... Read More »
Montecito Medical Acquires MOB in Peoria, Illinois
Montecito Medical Real Estate announced that it has acquired a 16,000-square-foot medical office building (MOB) in Peoria, Illinois. The building is 100% occupied under a long-term lease by Springfield Clinic, a leading health provider in north central Illinois. The building includes an OB/GYN clinic, 26 exam rooms, two ultrasound rooms, a procedure room and a designated lab space. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. “We are thrilled to expand our medical real estate footprint in Illinois, and... Read More »
Ketamine Wellness Clinic of Orange County Acquires Mind Space Ketamine Infusion Clinic
Ketamine Wellness Clinic of Orange County announced on February 28 that it acquired Mind Space Ketamine Infusion Clinic. The services of Mind Space will be integrated into the operations of Ketamine Wellness Clinic of Orange County, consolidating resources to enhance and expand patient care in Laguna Beach and greater Orange County. Headquartered in Newport Beach, California, Mind Space Ketamine Infusion Clinic offers ketamine therapy as an effective treatment for conditions such as depression, anxiety, chronic pain and more. Ketamine Wellness Clinic of Orange County, headquartered in Laguna Beach, California, is a premier provider of ketamine infusion therapy. The company offers... Read More »
RadNet Acquires 7 Imaging Centers from Houston Medical Imaging
RadNet, Inc. announced that it has acquired seven imaging centers in the Houston, Texas MSA from Houston Medical Imaging (HMI). This acquisition marks RadNet’s entry into the Houston area and is anticipated to close during Q2 2024. HMI is a radiologist-owned and operated diagnostic imaging clinic offering a full array of diagnostic and therapeutic imaging services to the Houston MSA since its inception in 1998. RadNet, Inc. is a provider of freestanding, fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States. RadNet has a network of 366 owned and/or operated outpatient imaging centers.... Read More »
Concentra Acquires I&O Medical Centers
Concentra Inc. announced on February 26 that it is expanding its presence in Virginia with the acquisition of I&O Medical Centers. I&O Medical Centers is an occupational health service based out of four locations in the Norfolk, Virginia MSA. The company was founded in 1987 Concentra Inc., a division of Select Medical, is a premier provider of occupational health services focused on improving the health of America’s workforce. The company is headquartered in Addison, Texas and operates more than 540 urgent care centers in 44 states and more than 150 onsite medical facilities. Concentra has more than 1,000 affiliated physicians and 1,285 physical therapists. ... Read More »
MAX Surgical Specialty Management Partners With Lititz Oral Surgery
MAX Surgical Specialty Management announced on February 26 that it has entered a new state. The company partnered with Lititz Oral Surgery, which has two locations in Pennsylvania. Lititz Oral Surgery is led by oral & maxillofacial surgery specialist Dr. John Vakkas and is located in Lititz and Hershey, Pennsylvania. According to its website, Dr. Vakkas is the only provider on staff. MAX Surgical Specialty Management provides growth capital and administrative support services to partner oral and maxillofacial surgery practices. MAX uniquely values the importance of quality care and service to its patients and its referring physician partners. MAX supports 28 surgeons in 21... Read More »
Oncology Powerhouse Guardant Health Sees Stock Drop on Earnings Report
Guardant Health, a precision oncology company focused on helping conquer cancer globally, came out with its fourth quarter and full year 2023 results late last week. The Palo Alto, California-based company has topped consensus revenue estimates four times over the last four quarters. The company announced a 25% surge in revenue last year, from about $450 million in FY 2022 to $564 million in FY 2023. Its fourth-quarter revenues rose 22% year over year, driven by a 29% boost in clinical test volume during the same period. Notably, the company’s core liquid biopsy and tissue tests, Guardant360 and Guardant TissueNext, have solidified its presence across nearly all major insurers in the... Read More »Schedule a demo
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