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Big Sky Medical Acquires First MOB in Phoenix Market
Big Sky Medical has entered the Phoenix, Arizona market with the purchase of the 252,000-square-foot Blackhawk Medical Center. ViaWest Group sold the three-building medical and office campus for $46 million, according to Maricopa County records. Blackhawk Medical Center previously changed hands in 2018, when ViaWest purchased it from Cohen Asset Management for $33.8 million. Completed between 1997 and 1998, the campus comprises Blackhawk Center I, a 138,450-square-foot, Class B office building, alongside Blackhawk Center II and III, which total 113,810 square feet and include medical office space. Big Sky Medical is a national real estate investment management firm that invests... Read More »
Pharos Capital Makes Majority Investment in RhythMedix
Pharos Capital Group, a middle-market private equity firm based in Dallas and Nashville, has acquired a majority stake in RhythMedix. The two companies announced the transaction on January 4. Based in Mt. Laurel, New Jersey, RhythMedix was founded in 2013 to improve the remote cardiac monitoring experience for both patients and clinicians. The company’s proprietary RhythmStar® is the first wearable cardiac ECG monitor with built-in 4G cellular connection, providing faster, more comfortable and overall better arrhythmia detection without the need for additional devices. Pharos Capital Group is a physician-founded investment firm focused on growing healthcare companies that aim... Read More »
American Pain Consortium Gets Recapitalized
On January 3 it was announced that American Pain Consortium (APC) was being recapitalized by Cresset Partners, Cedar Pine and American Discovery Capital (ADC). The financial terms were not disclosed. APC is a leading interventional pain management practice, formed by the combination of certain assets of Shadeland Anesthesia & Pain Associates, Inc., P.C., the Center for Special Surgery, LLC and the Center for Southside Surgery. Cresset Partners is a private equity firm based in Chicago, Illinois. The firm seeks to invest in the financial services, healthcare, technology, education, business and consumer service sectors. Cedar Pine is a private investment firm... Read More »
Guardian Dentistry Partners Acquires Raleigh Dental Practice
Guardian Dentistry Partners announced that it was acquiring a dental practice in Raleigh, North Carolina run by Elisabeth Gerics, DDS. Guardian Dentistry Partners is a dental support organization (DSO) that provides services and growth opportunities for its network of dentist partners. Founded in 2018, the DSO has more than 100 offices in Alabama, Florida, Michigan, New Jersey, New York, North Carolina, South Carolina, Pennsylvania, Texas, Maryland and Virginia. According to data captured in the LevinPro HC database, 166 dental transactions were reported in 2023. This is the fifth practice Guardian Dentistry acquired in 2023. The financial terms were not... Read More »
Elevance Health Acquires Infusion Services Provider Paragon Healthcare
Indianapolis-based Elevance Health announced on January 4 that it entered into an agreement to acquire Paragon Healthcare, Inc., headquartered in Plano, Texas. Since its founding in 2002, Paragon Healthcare has provided infusion services to patients through its omnichannel model of ambulatory infusion centers, home infusion pharmacies and other specialty pharmacy services. The company serves more than 35,000 patients at more than 40 ambulatory infusion centers across 8 states as well as patients’ homes. The company helps treat more than 300 health conditions with 24/7 on-call support. Elevance Health, formerly Anthem, Inc., connects consumers, families and communities to the... Read More »
GAP Innovations Acquires Tampa-Based Clinical Research Institute
GAP Innovations, a public benefit corporation founded by a nonprofit, announced on January 4 that it acquired Axiom Clinical Research. Axiom Clinical Research is a research institute that has been operating in the Tampa, Florida area for three decades. It was founded in 1993 by president and now lead researcher Dr. Susan Steen. The clinic performs neurological research and provides individualized service to patients. It focuses on finding therapies and cures for diseases such as Alzheimer’s, Multiple Sclerosis, Parkinson’s and other life-threatening neurodegenerative diseases. GAP Innovations was founded by Global Alzheimer’s Platform Foundation, a Washington, D.C.-based... Read More »
Veradigm Strengthens Revenue Cycle Services Portfolio with Koha Health
Veradigm Inc., a leading provider of healthcare data and technology solutions, has announced the acquisition of Koha Health. With this acquisition, Veradigm further adds to its depth of offerings and expertise as a leading provider of revenue cycle management (RCM) services in the ambulatory healthcare market. Koha Health is a full-service RCM company based in Merrimack, New Hampshire. Veradigm, formerly Allscripts Healthcare Solutions, Inc., is a publicly traded American company that provides physician practices, hospitals and other healthcare providers with practice management and electronic health record technology. Veradigm also provides products for patient engagement and care... Read More »
Carl Larson Cancer Center Joins Vandalia Health
Carl Larson Cancer Center has joined Vandalia Health to provide a greater procedure capacity and expand available services to the community. The center will be renamed CAMC Cancer Center-Beckley. Carl Larson Cancer Center offers cancer care services from one location in Beckley, West Virginia. It provides oncology, hematology, chemotherapy, radiation therapy, diagnostic laboratory and diagnostic imaging services. The center was created in 1986 and features three physicians, 11 advanced practice professionals and support staff, according to its website. Vandalia Health System was formed through the merger of Charleston Area Medical Center Health System and Mon Health System in... Read More »
2023 Performance Snapshot of Home Health and Hospice Leaders
Explore the financial performance of key players in the Home Health and Hospice (HH&H) sector during 2023. From Amedisys’ steady growth to Addus’ fluctuations, discover the ups and downs, strategic moves and investor interest that defined the industry. 2023 Quarterly Stock Performance of Publicly Traded HH&H Companies: CompanyQ1 2023Q2 2023Q3 2023Q4 2023Amedisys$73.55 $91.44 $93.40 $95.06 Encompass Health$54.10 $67.71 $67.16 $66.72 The Pennant Group$14.28 $12.28 $11.13 $13.92 Addus HomeCare$106.76 $92.70 $85.19 $92.85 Enhabit$13.91 $11.50 $11.25 $10.35 Aveanna... Read More »Schedule a demo
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