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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 »
Apex Physics Partners Expands National Footprint With Partnership
Apex Physics Partners, a portfolio company of Blue Sea Capital, announced this week that it has partnered with Medical Physics Consulting Inc., headquartered in Bixby, Indiana. The new partnership expands Apex’s national footprint in Illinois, Missouri and Oklahoma. Financial terms of the deal were not disclosed. Founded by Board-certified medical physicist Russell Gerber, Medical Physics Consulting is a leading provider of therapy medical physics and dosimetry consulting services across Missouri, Illinois and Oklahoma. Apex Physics Partners is a medical physics business services support organization. Partner physics practices receive an array of support services including... Read More »
Breakthrough Properties Acquires Callan Ridge
On January 10 it was announced that Breakthrough Properties, a joint venture of global developer Tishman Speyer and biotechnology investment firm Bellco Capital, was purchasing Callan Ridge, a life science campus in San Diego. Callan Ridge is a two-building Class-A life science campus nearing completion in San Diego’s preeminent Torrey Pines cluster. The 185,000-square-foot campus is fully leased to Turning Point Therapeutics, Inc., a subsidiary of Bristol-Myers Squibb. It was built in 2021 by Healthpeak Properties, which acted as the seller in this transaction. Breakthrough Properties is a life science real estate development company that leverages cross-sector... Read More »
Top 5 Home Health & Hospice Deals of 2023
The Home Health & Hospice (HH&H) market experienced a decline in deal activity, totaling 95 transactions, compared to the 113 announced in 2022. The deals were evenly distributed throughout the year, with 47 deals announced in the first half of 2023, and 48 deals announced in the second half. However, the larger transactions were announced at the start of the year, with approximately $4.7 billion in announced spending during the first half, and only $32 million announced during the second half, when there were much smaller deals and only one disclosed price. While large buyers dominated the start of the year, smaller buyers took the lead in the latter half. Here are the top... Read More »Schedule a demo
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