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Florida Eye Specialists Acquires International Eye Associates
Florida Eye Specialists, based in Jacksonville, Florida, announced that it acquired Florida Eye Specialists for an undisclosed price. International Eye Associates is a premier eye care practice operating in Ormond Beach, Florida. According to its website, the practice is run by two physicians: Dr. Samantha Habhab and Dr. Kenzo Koike. Florida Eye Specialists is one of the largest multi-specialty practices in northeast Florida, with services ranging from simple eye exams to complex surgeries. The practice is the result of a 2014 merger between Chokshi Vision Center and Eagle Eyecare. With this transaction, International Eye Associates and its team will join the Florida Eye... Read More »
The Nord Center Merges with The LCADA Way
The Nord Center announced on January 12 that it was merging with The LCADA Way, in a transaction that will form a $45 million organization. The LCADA Way is a non-profit behavioral health center that treats substance use disorder in Lorain, Ohio. It offers a 24/7 crisis information hotline. The Nord Center is a mental health provider based out of Lorain, Ohio. It provides services for mental health emergencies, sexual assault and behavioral health crises. Once the merger is complete on July 1, 2024, the combined company will employ about 425 people and operates about a dozen locations, according to a news release. The financial terms were not disclosed. ... Read More »
Aquiline Capital Partners Invests in Pharma Force Group
Aquiline Capital Partners announced on January 16 that it was making a significant investment into Pharma Force Group, LLC, based in Wayne, Pennsylvania. According to data captured in the LevinPro HC database, this transaction marks the 16th eHealth acquisition of 2024. Since its inception in 2017, PharmaForce has delivered transparent and flexible 340B administration software to more than 280 clients. With the recent launch of its pharmacy benefits management offering, the company continues to be a trailblazer in the sector. Aquiline Capital Partners is a private equity firm that invests in businesses globally. It has $8.7 billion in assets under management, focusing on... Read More »
Aya Healthcare Acquires U.K.-Based ID Medical
Aya Healthcare announced on January 16 the acquisition of ID Medical, a leading workforce solutions provider in the United Kingdom. Since 2002, ID Medical has been providing the National Health Service (NHS) and other healthcare organizations with workforce solutions, including workforce management, international recruitment and temporary healthcare staffing. Aya Healthcare is the largest healthcare talent software and staffing company in the United States. The company delivers every component of healthcare-focused labor services, including travel nursing and allied health, per diem, permanent staff hiring, interim leadership, locum tenens and non-clinical professionals. ... Read More »
Zello Enters U.K. Market With Acquisition of Business Health
During the long weekend, Zello announced the purchase of Business Health Limited, marking its first U.K. acquisition. Launched in 2008, Business Health Limited is a provider of occupational healthcare services in the United Kingdom, servicing both local and global clients in manufacturing, civil services, financial, legal, HR and educational industries. Headquartered in the United Arab Emirates, Zello is a global health services and technology innovator specializing in monitoring the health and well-being of both clients’ people and operations. Zello delivers solutions to create healthier employees, safer workplaces and more productive workplaces through performance solutions... Read More »
Surgery Partners Acquires Key-Whitman Eye Center
Cain Brothers, a division of KeyBanc Capital Markets, announced that it acted as an advisor to Key-Whitman Eye Center in its acquisition by Surgery Partners. The financial terms of the deal were not disclosed. Key-Whitman Eye Center provides eye care out of nine locations in Texas. According to its website, it has 22 providers on staff. Surgery Partners is a leading operator of surgical facilities and ancillary services with more than 180 locations nationwide. It is backed by Bain Capital and has more than 180 locations in 32 states, including ambulatory surgery centers, surgical hospitals, multi-specialty physician practices and urgent care facilities. According to data... Read More »
Active Physician Medical Group Buyers in 2023
Even though the Physician Medical Group (PMG) market is a busy sector, the last several quarters have seen less deal activity than previous quarters. In 2023, 519 PMG acquisitions were reported, which is 16% less than the 620 PMG deals announced in 2022. Throughout the year, we spoke to several experts who have weighed in on why activity in the PMG space is slowing down. Their input can be summarized as high interest rates, increasing labor costs and a consolidated market. Yet, while there was a decrease in reported transactions, there were still several buyers and their deal activity that are worth looking into. Here are five of the most active PMG acquirers in 2023. The most active PMG... Read More »
PE-Backed Fortis Home Health & Hospice Expands Midwest Footprint
Fortis Home Health & Hospice, a portfolio company of middle-market private equity firm Grant Avenue Capital, announced on January 11 that it purchased Physiocare Home Health and Hospice. Grant Avenue Capital provided the equity financing for the transaction. Physiocare Home Health and Hospice is a Medicare-certified home health and hospice provider that operates in Indiana. Fortis Home Health & Hospice is Grant Avenue Capital’s home-based care buy and build initiative that was launched in December 2020. It has locations in Indiana and Utah. Fortis’ purchase of Physiocare marks the company’s fourth completed acquisition and expands its footprint in the Midwest. The... Read More »
