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Shore Capital Partners Acquires Cook Medical Assets
Shore Capital Partners announced on January 24 that it completed a partnership with C2Dx, a medical device company based in Kalamazoo, Michigan. In addition to this partnership, Shore Capital Partners announced it, and C2Dx, was acquiring the Otolaryngology/Head and Neck Surgery (OHNS) family of products from Cook Medical. The OHNS assets provide minimally invasive procedures for ear, nose and throat surgeons to help treat obstructive salivary disease, chronic ear disorders, nasal/sinus and skull base reconstruction and dysphagia. Shore Capital Partners is a Chicago-based healthcare-focused lower middle-market private equity firm with offices in Nashville. It has approximately... Read More »
Elevance Health Q4 2023 Earnings Snapshot
Elevance Health announced its earnings and revenue for the fourth quarter of 2023 on January 24, 2024. The health insurer and healthcare-services provider, formerly known as Anthem, posted a profit of $856 million, or $3.63 a share, compared with $865 million, or $3.59 a share, during Q4 2022. The company also announced $42.5 billion in revenue for Q4 2023, a 7% increase from the $39.9 billion in revenue reported for the prior year quarter. For the full year 2023, Elevance Health brought in $171.3 billion in revenue and $6 billion in profit. This compares to $156.6 billion in revenue and $5.9 billion in profit for 2022. Operating revenue for the full year was $148.6 billion,... Read More »
Legacy Care Partners Announces Acquisition of Superior Home Health and Superior Hospice
Legacy Care Partners has announced the successful acquisition of Superior Home Health and Superior Hospice, marking its first acquisition of 2024. According to data captured in the LevinPro HC database, this transaction represents the seventh Home Health & Hospice transaction of 2024. Headquartered in San Antonio, Texas, Superior Hospice and Superior Home Health operate in seven locations across the South Central and greater South Texas region. Based in Manitowoc, Wisconsin, Legacy Care Partners is engaged in the procurement and management of a portfolio of related healthcare facilities and services and aftercare services to offer a continuum of care and elevated care... Read More »
EqualizeRCM Invests in RCM Provider TrilogyRCS
EqualizeRCM announced that it has invested in TrilogyRCS. Together, the two firms will serve hospitals in Texas, Oklahoma, Kansas, Georgia, Alabama, Mississippi and North Dakota, among others, with the ability to serve clients nationwide. TrilogyRCS is a leader in consulting and management services for community-based healthcare providers’ revenue cycle systems. TrilogyRCS has a team of revenue cycle management (RCM) professionals who improve and optimize every aspect of the revenue cycle, from scheduling and registration to final claims resolution. Headquartered in Austin, Texas, EqualizeRCM is a leading provider of RCM services to physicians, hospitals, ambulatory surgery centers,... Read More »
MB2 Continues Acquisition Streak Into New Year
MB2 Dental Solutions launched into 2024 with a strong start and lots of deal activity. As of January 23, 2024, the company has already announced its acquisition of five practices. The practices are: Beautiful Smiles in Manasquan, New Jersey; Lehigh Acres and Fort Myers, Florida-based Caloosa Dental; the practice of Dr. Michael Rogers in El Cajon, California; Jean Chan, DDS & Associates based out of California; and Smile Loft, located in Silver Spring and Camp Springs, Maryland. Together, the practices add 13 providers to MB2 Dental’s portfolio. The financial terms were not disclosed. MB2 Dental Solutions, a portfolio company of middle-market private... Read More »
SkyView Advisors Closes Sale of Florida MOB Portfolio
SkyView Advisors announced that it closed its first healthcare transaction of 2024 with the sale of a medical office building (MOB) portfolio. The portfolio is located in Lakeland and Winter Haven, Florida and consists of three facilities that total 50,000 square feet. Both the buyer and seller were not disclosed. The financial terms were not disclosed, either. SkyView Advisors is a national commercial real estate brokerage firm. The company is based in New Jersey. According to data captured in the LevinPro HC database, this transaction marks the 16th MOB acquisition of 2024. In 2023, 193 MOB transactions were reported. Read More »
HCA-Operated Surgery Ventures Acquires 2 ASCs in North Texas
Surgery Ventures, operated by Nashville, Tennessee-based HCA Healthcare, has acquired majority stakes in two ambulatory surgery centers (ASCs) in North Texas and will manage day-to-day operations at both facilities. Financial terms of the deal were not disclosed. Both of the ASCs are affiliated with Dallas-based Medical City Healthcare, which is now affiliated with 15 ASCs in North Texas. The first ASC being acquired is Medical City Surgery Center of North Texas in Anna, Texas, formerly known as Surgery Center of North Texas, which has 14 physician partners. The 23,000-square-foot ASC opened in 2020 and includes five operating rooms and 15 pre-op/post-anesthesia care unit bays. The... Read More »
Empower Physical Therapy Purchases Huntington Beach Physical Therapy Specialists
Empower Physical Therapy announced on January 22 the acquisition of Huntington Beach Physical Therapy Specialists, a premier physical therapy clinic in Huntington Beach, California since 1994. Empower Physical Therapy, a portfolio company of Sheridan Capital Partners, provides physical therapy practice management services and operates outpatient physical therapy clinics throughout the southeastern United States. The founder-owners of HBPTS, Risha Strople, Bryan Strople and Nathan Kindstrand, will continue to lead the business and join the Empower leadership team. Financial terms of the deal were not disclosed. According to data captured in the LevinPro HC database, this... Read More »
PE-Backed Sight360 Acquires Florida Eye Specialists & Cataract Institute
Sight360, backed by California-based private equity firm SBJ Capital, announced on January 22 that it has combined with Florida Eye Specialists & Cataract Institute (FESCI). With this partnership, Sight360 expands their combined scope of care to more patients in Pinellas, Hillsborough, Pasco, Hernando, Citrus and Polk Counties, Florida. Founded in 1981 by Dr. Gregory Henderson, FESCI serves patients on the west coast of Florida with the full scope of ophthalmology, optometry, cosmetic surgery and hearing services. With eight locations in the Tampa MSA, the practice has 32 providers on staff, according to its website. Sight360 provides integrated vision care services, including... Read More »Schedule a demo
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