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OptumHealth Acquires Stewardship Health
UnitedHealth Group announced that one of its divisions, OptumHealth, has entered into an agreement to acquire Stewardship Health from Steward Health. Stewardship Health is Steward Health’s physician network. The deal includes primary care doctors and other providers across nine states, including Massachusetts. OptumHealth assists individuals to navigate the healthcare system, finance their care and achieve health and well-being goals. OptumHealth includes more than 90,000 doctors nationwide. The deal is part of Steward’s effort to recover from a financial hole and preserve jobs. The deal is still being finalized. The financial terms were not disclosed.... Read More »
Mountainside Medical Center Enhances Behavioral Health Services With Acquisition
Mountainside Medical Center kicked off April 2024 with the successful acquisition of behavioral health providers from Envision Healthcare. The providers will join Mountainside Medical Center’s employed physician enterprise, Mountainside Medical Group. The acquired assets include the behavioral health assets and providers of Envision Healthcare, a Nashville, Tennessee-based healthcare company and national hospital-based physician group. Mountainside Medical Center is a patient-focused, community-oriented acute care hospital in Montclair, New Jersey. The behavioral health team at Mountainside Medical Center provides a wide range of comprehensive services, including... Read More »
Eye Physicians of Libertyville Acquires Northern Illinois Eye Clinic
According to a April 1 press release, Eye Physicians of Libertyville has acquired Northern Illinois Eye Clinic. Effective March 28, 2024, Eye Physicians of Libertyville doctors have assumed care for Northern Illinois Eye Clinic patients. Financial terms of the deal were not disclosed. Northern Illinois Eye Clinic is a specialty ophthalmology clinic located in Mundelein, Illinois, serving Long Grove, Lake Zurich, Vernon Hills, Wauconda, Grayslake and Libertyville, Illinois. Eye Physicians of Libertyville is a state-of-the-art ophthalmology clinic established in 1993. According to its website, the practice has two providers on staff. According to data captured in the... Read More »
Kaiser Permanente Buys ASC in Lancaster, California
Oakland, California-based Kaiser Permanente announced that it has acquired its first ambulatory surgery center (ASC) in southern California. The ASC, Antelope Valley Surgery Center, is a multispecialty outpatient center in Lancaster, California. The 12,500-square-foot ASC provides services including general surgery, gynecological cases, eye surgery, head and neck, podiatry, orthopedic and plastic surgery. It was originally opened more than 20 years ago and was most recently operated by SCA Health. Kaiser Permanente is among the country’s largest not-for-profit health systems with 39 hospitals. Its operations span eight states coast to coast with roughly 13 million members who receive care... Read More »
U.S. Physical Therapy Acquires Nine-Clinic Physical Therapy And Hand Therapy Practice
U.S. Physical Therapy, Inc., a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced on April 1 the acquisition of a physical therapy and hand therapy practice with nine clinic locations. The practice being acquired currently generates approximately $11.4 million in annual revenues and has approximately 65,000 annual visits, according to the original deal press release published on BusinessWire on April 1, 2024. Founded in 1990, U.S. Physical Therapy, Inc. operates more than 678 outpatient physical therapy clinics in 42 states. The company’s clinics provide preventive and post-operative care for a variety of... Read More »
First Quarter 2024 Healthcare M&A Results
Overview When we spoke to advisors and analysts in 2023, they all expected “more of the same” for the healthcare M&A market in 2024. None of the headwinds from 2023 were expected to be resolved this year, and especially not by the first quarter. In mid-March, the Federal Reserve (again) declined to adjust interest rates, remaining at 5.25% to 5.5%. The Biden Administration and Federal Regulators remain skeptical of private equity investments in the healthcare and senior care markets and pledged to continue reviewing their activity throughout the year, challenging deals and mergers. Labor shortages continue to pressure healthcare organizations and providers. Hospitals have been hit... Read More »
Labcorp Acquires Select Assets of BioReference Health’s Diagnostics Business
Labcorp and OPKO Health announced on March 28 that they have entered into an agreement for Labcorp to acquire select assets of BioReference Health, a wholly owned subsidiary of OPKO Health. Through this transaction, Labcorp will acquire BioReference Health’s laboratory testing businesses focused on clinical diagnostics and reproductive and women’s health across the United States outside of New York and New Jersey. Also included are BioReference’s patient service centers and certain customer contracts and operating assets. The assets being acquired currently generate approximately $100 million in annual revenue, according to the original deal press release from March 28,... Read More »
Acadia Healthcare Acquires Three Comprehensive Treatment Centers in North Carolina
Acadia Healthcare Company, Inc. announced on March 28 that it has recently completed the acquisitions of three comprehensive treatment centers (CTC) in North Carolina. The CTCs are located in Raleigh, Greenville and Hillsborough, North Carolina. Acadia is a leading provider of behavioral healthcare services across the United States. As of December 31, 2023, Acadia operated a network of 253 behavioral healthcare facilities with approximately 11,200 beds in 38 states and Puerto Rico. With more than 20,000 employees serving approximately 70,000 patients daily, Acadia is the largest stand-alone behavioral health company in the United States. According to its FY 2023 financial report, Acadia... Read More »
Highbridge Capital Management Acquires Gamida Cell for $70 Million
Highbridge Capital Management, based in New York City, announced on March 27 that it entered into an agreement to acquire Gamida Cell, an Israeli biotechnology company. The agreement will see Highbridge Capital Management convert $75 million of existing unsecured convertible senior notes into equity in Gamida as well as supply $30 million of new capital to Gamida. Gamida Cell is a cell therapy pioneer working to turn cells into powerful therapeutics. Its proprietary nicotinamide technology expands the number of cells while maintaining their intrinsic properties to create potentially curative cell therapy products and candidates for patients with cancer. Gamida entered 2024... Read More »Schedule a demo
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