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Constellation Software Subsidiary Acquires MEDHOST
Constellation Software announced that its subsidiary N. Harris Computer Corporation has acquired MEDHOST, Inc., headquartered in Franklin, Tennessee. MEDHOST is a provider of electronic health record (EHR) solutions designed specifically for the needs of ambulatory care providers. Its offerings include physician practice management, clinical documentation and reporting and patient engagement tools. N. Harris Computer Corporation develops software solutions for customers in the utility, public sector and schools group, and healthcare group businesses in North America. This acquisition aligns with Harris’ long-term commitment to the healthcare sector. By adding MEDHOST to... Read More »
GuideHealth Acquires Arcadia’s Value-Based Care Services Division
GuideHealth has announced a new acquisition to expand its value-based care digital health platform. The company purchased Arcadia’s value-based care services division and managed services organization. The value-based care division is a healthcare analytics software that offers a complete view of patients, building a comprehensive data set from disparate sources across the care continuum. Arcadia’s managed services organization gives providers tools for network administration, overseeing preauthorization, managing payments and improving processes regarding visit access and referrals. No purchase price was disclosed, but GuideHealth expects to leverage the additional resources... Read More »
Top 5 Hospital Deals of 2023
The Hospital M&A market experienced an uptick in activity in 2023, with preliminary numbers at 71 deals, compared with 68 in 2022. There was a wide range of deals, from bankruptcy sales of single community hospitals to mergers of multi-state health systems. Here are the top five Hospital deals of 2023. Novant Health System, a not-for-profit integrated system based in North Carolina, purchased three hospitals in South Carolina from Tenet Healthcare Corporation for $2.4 billion. The transaction includes Hilton Head Hospital in Beaufort County, Coastal Carolina Hospital in Jasper County, and East Cooper Medical Center in Charleston County, as well as associated physician practices and... Read More »
Top Physician Medical Group Deals of 2023
The Physician Medical Group (PMG) market experienced a decline in deal activity, totaling 515 transactions, compared to the 621 in 2022. The transactions varied in size and buyer time, with many of them small or independent practices getting purchased by large private equity groups. Here are the top five PMG transactions of the year. TPG Capital and AmerisourceBergen, both private equity groups, teamed up to purchase OneOncology, Inc. for $2.1 billion in April. In addition to being the largest PMG purchase price of the year, OneOncology has more than 700 physicians on staff which is an impressive number, adding to its attractiveness for buyers. The seller, private equity... Read More »
Bristol Myers Squibb Acquires RayzeBio for $4.1 Billion
On December 26, Bristol Myers Squibb (BMS) announced that it was entering a merger agreement to acquire RayzeBio, Inc. BMS will commence a tender offer to acquire all of the outstanding shares of RayzeBio common stock at a price of $62.50 per share in an all-cash transaction for a total equity value of approximately $4.1 billion, or $3.6 billion net of estimated cash acquired. RayzeBio is a clinical-stage radiopharmaceutical therapeutics (RPT) company with an innovation-leading position in actinium-based RPTs and a pipeline of potentially first-in-class and best-in-class drug development programs. Current pipeline programs are targeting the treatment of solid tumors, including... Read More »
Bristol Myers Squibb Buys Karuna Therapeutics for $14 Billion
Bristol Myers Squibb (BMS) and Karuna Therapeutics announced on December 22 that they have entered into a definitive merger agreement under which BMS will acquire Karuna. Under the terms of the merger agreement, BMS will acquire all outstanding shares of Karuna common stock for $330 per share in cash representing an approximately 53.4% premium to Karuna Therapeutic’s closing stock price on December 21, 2023. This represents a total equity value of approximately $14 billion, or $12.7 billion net of estimated cash acquired. Karuna Therapeutics is a biopharmaceutical company focused on transformative medicines for people living with psychiatric and neurological conditions.... Read More »
American Hospital Association’s Advancing Health: A National Staffing Emergency in Rural Health Care
The American Hospital Association released an episode of their podcast, “Advancing Health” entitled A National Staffing Emergency in Rural Health Care. The conversation is led by Kevin Stansbury, CEO of Lincoln Health, Debra Rudquist, president of Amery Hospital and Karen Cheeseman, CEO of Mackinac Straits Health System. They discuss innovative methods of retaining their workforce and explore new ways of attracting future workers to the health care field. The reasons for the work shortage are: Intense competition for healthcare professionals, with works opting for other location options outside of health care Rise in remote work making retention of rural... Read More »
Q&A with Agenda Health: Pennant Group Expands with Southwestern Hospice Acquisition
The Pennant Group, Inc., a leading provider of home health, hospice, home care and senior living services, has announced the successful acquisition of Southwestern Palliative Care and Hospice (Southwestern) in Yuma, Arizona. The deal reflects Pennant’s commitment to growth in Arizona and the expansion of its ability to provide essential hospice services to the residents of Yuma and surrounding communities. Brent Guerisoli, Chief Executive Officer of Pennant, expressed enthusiasm about the acquisition, stating, “We are pleased to continue our growth in the state of Arizona, and complement our agencies in Southern Arizona. This acquisition further solidifies our commitment to these... Read More »
Local Medical Group Acquires Medical Office Building in Raleigh
A local physician group has purchased a medical office building (MOB) in Raleigh, North Carolina for nearly $17.8 million. According to data captured in the LevinPro HC database, this acquisition marks the 190th MOB acquisition of the year. Wake Internal Realty III, an LLC tied to Wake Internal Medicine, acquired the MOB on Blue Ridge Road near UNC Rex Hospital in early December, according to Wake County deed records. The building is 48,000 square feet and the purchase price is approximately $370 per square foot. The MOB was purchased from The Keith Corporation in Charlotte, North Carolina, which developed and built the building. Matt Johnson, Chief Administrative... Read More »Schedule a demo
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