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Healthcare M&A Volume Falls in Q4:23, According to Acquisition Data from LevinPro HC
Health care merger and acquisition activity declined in the fourth quarter of 2023, dropping to 493 deals, according to new acquisition data from LevinPro HC. Activity in the fourth quarter was 4% lower than in the third quarter of 2023, when 511 transactions were announced. Compared with the fourth quarter of 2022, activity fell 13% in the fourth quarter. The slowdown was felt across each healthcare vertical. Activity in sectors such as Physician Medical Groups saw significant declines in M&A volume, with 103 deals, an 18% decrease compared to the previous quarter. Demand for healthcare real estate, such as medical office buildings and properties, has driven high deal volume in the... Read More »
HealthEdge Investment Partners, LLC invests in Rad Source, LLC
HealthEdge Investment Partners, LLC announced that it has made a majority investment into Rad Source, LLC for an undisclosed price. Rad Source was founded in 1997 for the purpose of creating non-gamma irradiation alternatives. Rad Source is one of the nation’s largest providers of subspecialty orthopedic and neurological MRI interpretations. It is also a provider of a leading medical imaging technology solution, ProtonPACS, which it launched in 2012 through a partnership with Intelerad. HealthEdge Investment Partners is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. The company is based in Tampa,... Read More »
Complete Health Acquires Cullman Primary Care
Complete Health, a portfolio company of private equity group Pharos Capital Group, announced on January 18 that it was expanding its Alabama footprint with the acquisition of Cullman Primary Care, PC. Cullman Primary Care is a 15-physician internal medicine and primary care practice operating out of six locations in Alabama. With more than 20 locations across Alabama and Florida, Complete Health partners with physician medical groups (PMGs) to provide practice and technology support driven by value-based care concepts. Complete Health has more than 130 health care providers and 800 employees caring for more than 150,000 patients. With this acquisition, Complete... Read More »
ClinicMind Acquires Majority Stake in Billing Dynamix
ClinicMind announced that it is acquiring a majority stake in Billing Dynamix, a billing solutions company. Billing Dynamix provides a cloud-based practice management and billing/revenue cycle management (RCM) solution to therapists, chiropractors and multi-specialty practices. ClinicMind (formerly eSpoc) is a Florida-based healthcare IT and revenue cycle management service company. ClinicMind addresses payer-provider adversity and practice management challenges using modern software and advanced process management methodologies. This acquisition marks a significant milestone in ClinicMind’s ongoing commitment to empowering healthcare providers and enhancing their... Read More »
AllerVie Health Expands to Chicago MSA with Acquisition
AllerVie Health announced its acquisition of Allergy & Asthma Associates of DuPage, expanding the network’s reach to the Chicago MSA. Allergy & Asthma Associates of DuPage is an allergist treating patients from two locations in Naperville and Downers Grove, Illinois. According to its website, the practice has three providers on staff. AllerVie Health is a national network of board-certified allergists and immunologists partnering together for the advancement of patient care, serving patients across 13 states in more than 80 clinic locations. In the coming months, the practice’s two locations in Naperville and Downers Grove will fully transition to the... Read More »
PointClickCare Acquires CPSI Subsidiary American HealthTech
CPSI, a community healthcare solutions company, announced the divestment of American HealthTech and selected PointClickCare to continue supporting American HealthTech customers into the future. Financial terms of the deal were not disclosed. American HealthTech, a subsidiary of Computer Programs and Systems, Inc. (also known as CPSI), is a provider of electronic health record (EHR) solutions and related services for the post-acute care market. PointClickCare, through its EHR platform, helps long-term and post-acute care providers manage the complete lifecycle of resident care which includes clinical, billing and administration processes. According to data captured in the... Read More »
Vesey Street Capital Partners Announces Majority Recapitalization of Inceptua Group
New York-based Vesey Street Capital Partners, LLC announced that funds managed by Vesey Street have completed a majority recapitalization of Inceptua Group. Inceptua Group is a leading provider of clinical trial supplies and related services, as well as global early access programs, with more than 25 years of specialized industry experience. Vesey Street Capital Partners is a strategic private equity manager founded in 2014 that focuses on healthcare services. Since its inception, the firm has deployed approximately $700 million in capital. As part of the transaction, Doug Cook, formerly Executive Vice President and President of Global Commercialization Services and... Read More »
PurposeCare Announces Three New Acquisitions
Chicago, Illinois-based PurposeCare kicked off the week with three new acquisition announcements in the Midwest. PurposeCare acquired A/Abiding Care-Elder Bridge (AAEB), a private pay home care agency in Park Ridge, Illinois. The acquisition of AAEB overlaps with PurposeCare’s existing home health operation in Illinois. PurposeCare acquired Michiana Home Care, which operates two, four-star Medicare-certified home health agencies in Niles, Michigan and Granger, Indiana. Michiana provides a skilled care compliment to PurposeCare’s Home Care operations in both states. PurposeCare acquired Queen City Skilled Care, a three-star Medicare-certified home health agency in Cincinnati,... Read More »
UDLR Healthcare Buys Medical Office Building for $13.5 Million
JLL Capital Markets announced on January 17 that it arranged the $13.5 million sale and the $10.1 million acquisition financing for a medical office building (MOB) in Glendale, Arizona. The buyer was UDLR Healthcare, and the seller was Banner Health. Thunderbird Medical Pavilion is a 92,811-square-foot MOB, whose tenants include imaging, cardiovascular surgery specialists, general surgery specialists, ear nose and throat physicians and obstetrics/gynecology providers. It is 50% leased with more than 7 years of remaining lease term. Focused on investing in MOBs, UDLR Healthcare is a partnership between GI Partners and a team of former executives from Healthcare Trust of... Read More »Schedule a demo
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