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Ivy Rehab Expands in New York with Westchester Sports Physical Therapy
Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, has announced a partnership with Westchester Sports Physical Therapy (WSPT). Founded in 1994, Westchester Sports Physical Therapy is a New York-based provider of physical and occupational therapy services in the Westchester community and the Tri-State area. Founded in 2003, Ivy Rehab is a network of outpatient physical, occupational and speech therapy and ABA clinics throughout the United States. The acquisition of Westchester Sports Physical Therapy expands Ivy Rehab’s footprint in New York. Financial terms of the deal were not disclosed. According to data captured in the... Read More »
mPulse Acquires HealthTrio and Decision Point Healthcare Solutions
On December 19 mPulse Mobile announced it was expanding its eHealth portfolio with the acquisitions of HealthTrio and Decision Point Healthcare Solutions. HealthTrio provides digital engagement solutions that optimize self-service, value-based care, healthcare consumerism and real-time data integration. Its suite of tools includes eligibility, benefits and claims, as well as advanced features supporting provider quality performance, cost transparency and automated authorizations. Decision Point is an analytics and member experience optimization company that leverages data-driven insights to improve healthcare outcomes. mPulse Mobile, a leader in Conversational AI... Read More »
CoachCare Acquires RPM Company Verustat
CoachCare announced that it has acquired Nashville, Tennessee-based Verustat for an undisclosed amount. Verustat is a health tech company that aids physicians in implementing care plans and tracking vital patient measurements at home to help improve patient outcomes. Verustat has a team of clinical staff and care coordinators who provide tens of thousands of live phone calls to patients nationally each month on behalf of health systems, accountable care organizations and independent physician groups. Founded in 2020, Verustat brings a valuable roster of remote patient monitoring (RPM) clients focused on primary care and cardiology. CoachCare is a New-York based RPM and virtual... Read More »
Ridgeline Capital Partners Acquires Dallas MOB
Ridgeline Capital Partners announced on December 18 that it acquired a medical office building (MOB) in Dallas, Texas. The building is an on-campus four-story, 44,045-square-foot MOB. The property is located at the entrance to the White Rock Medical Center campus and is 94% leased to a diverse roster of healthcare providers. Ridgeline Capital Partners is a private equity firm based in Dallas that acquires and operates healthcare real estate assets. The company is focused on medical office buildings, ambulatory surgery centers and behavioral health facilities. This is Ridgeline Capital Partners’ first transaction of the year. The JLL Capital Markets served as... Read More »
Atlas Clinical Research Announces Addition of Suncoast Clinical Research
Atlas Clinical Research, backed by healthcare private equity investor BPOC, announced the addition of Suncoast Clinical Research. Founded in 1998, Suncoast Clinical Research is a multi-therapeutic, community-based research facility with two locations in New Port Richey and Palm Harbor, Florida. Suncoast conducts Phase II-IV clinical research. It has conducted hundreds of clinical research studies and cultivated strong relationships with local communities, sponsors and contract research organizations as a go-to site for clinical research in the key therapeutic areas of central nervous system (CNS) and metabolic disorders. Atlas Clinical Research is a therapeutically-driven... Read More »
U.S. Oral Surgery Management Expands in Seven States
U.S. Oral Surgery Management (USOSM) is ending 2023 with a big announcement. It has added eight new partnerships across seven states: California, Colorado, Oregon, Michigan, Mississippi, South Carolina and Texas. “In 2023, we launched our USOSM Centers of Excellence program, we implemented the USOSM Medical Mission Reimbursement Program, we secured a new $150 million credit expansion, welcomed 21 new associates and we added 25 new partner practices – eight of which, we’re announcing today,” said USOSM President and CEO Richard Hall. “We’re finishing 2023 strong and are positioned for continued growth in 2024 and beyond.” Hall continued on to say that a driving factor... Read More »
Why Investors Shouldn’t Overlook the Rehabilitation Market
Market Overview The Rehabilitation sector has never been the most popular market for investors. From 2018 to 2020, the market failed to break 50 deals annually, and then activity skyrocketed in 2021 and 2022, hitting a record high of 97 in 2021. However, investment activity in 2023 has slowed again, and we’re expecting to reach only 50 deals by the end of the year. That’s a significant decline of nearly 40% year over year. Source: LevinPro HC, December 2023 *Data as of December 15, 2023 For context, other sectors are swarmed with strategic investors and private equity capital. According to our recent dive into the Physician Medical Group M&A market, deal volume for that market hit 478... Read More »
Deal Update: Molina Healthcare Amends Terms for Medicare Business Acquisition
Molina Healthcare, Inc. has announced that it has amended its purchase agreement for the acquisition of Bright HealthCare’s California Medicare business. The purchase price for the transaction was previously announced to be $510 million but has been reduced to approximately $425 million, according to a December 18 press release from Molina Healthcare. The transaction was originally announced in June 2023. Bright HealthCare is an American health insurance company based in Minneapolis, Minnesota. The business being sold expects a 2023 premium revenue of $1.8 billion, according to the Molina press release. Molina Healthcare, a Fortune 500 company, provides managed healthcare services under... Read More »
H2 Health acquires Greg Ott Center for Physical Therapy
H2 Health announced its entrance into the state of North Carolina with the acquisition of Greg Ott Center for Physical Therapy. The financial terms were not disclosed. Greg Ott Center for Physical Therapy provides physical therapy services out of four North Carolina locations. H2 Health, a portfolio company of private equity firm Grant Avenue Capital, LLC, provides physical therapy and rehabilitation services in eight states. H2 owns, operates and manages more than 100 clinics across the country. According to data captured in the LevinPro HC database, this acquisition marks the 49th Rehabilitation transaction of the year. Read More »Schedule a demo
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