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HOPCo Acquires Remote Patient Monitoring Platform MyACTome
Healthcare Outcomes Performance Company (HOPCo), the largest orthopedic value-based care organization in the United States, continues its digital health platform expansion with the acquisition of MyACTome. As the only validated smartphone-based fall risk and frailty assessment platform, MyACTome leverages motion sensors within a smartphone to assess patient balance, walking dynamics and dynamic stability patterns to quantify patient biomechanical performance, frailty score and fall risk. Using the MyACTome digital solution, patient assessments are quickly performed in the clinic or at home without the need for external sensors or expensive equipment, with results available instantly... Read More »
AbbVie Acquires Cerevel Therapeutics for $8.7 Billion
AbbVie Inc. continues its shopping spree with yet another Boston-based biotechnology acquisition. The company announced that it will be acquiring Cerevel Therapeutics for approximately $8.7 billion. This transaction follows AbbVie’s acquisition of ImmunoGen Inc. for a total equity value of approximately $10.1 billion, announced on November 30, 2023. Founded in 2018, Cerevel Therapeutics researches treatments and therapeutics to treat neuroscience diseases. Cerevel Therapeutics has a diversified pipeline comprising five clinical-stage investigational therapies and several preclinical compounds with the potential to treat a range of neuroscience diseases, including schizophrenia,... Read More »
Advanced Fertility Care Adds Arizona-Based Reproductive Health Center to Network
Advanced Fertility Care (AFC), a member of the Pinnacle Fertility network, announced on December 6 the integration of Reproductive Health Center into its family of fertility care providers. This addition marks a significant step in expanding AFC’s fertility services and care throughout Arizona. Reproductive Health Center is a fertility care provider in Tucson, Arizona. Dr. Scot Hutchison leads the practice as the managing reproductive endocrinologist and infertility specialist. According to its website, the practice has one provider on staff. Founded in 2005, AFC is a fertility center helping individuals and couples achieve their family-building dreams. With multiple... Read More »
Sentara Health Becomes Sole Owner of Velocity Urgent Care
Sentara Health has become the sole owner of Velocity Urgent Care. In conjunction with a third party, Sentara has been working in partnership with Velocity Urgent Care since December 2017 when Sentara transferred operations of seven Sentara Urgent Care facilities in the Hampton Roads area to the Velocity joint venture. Velocity Urgent Care is a Virginia-based urgent care clinic providing extended hours care for illnesses, injuries, aches and pains. Velocity is comprised of 17 urgent care locations across Virginia with nearly 200 employees. It has plans to open a new location in early 2024 in Elizabeth City, North Carolina. Sentara Health is a not-for-profit healthcare organization... Read More »
Transitioning to Value-Based Care: Financial Implications for Providers and Policymakers
Berkeley Research Group, LLC (BRG), a global consulting firm, released a report that details the costs of value-based care (VBC). The report, called “Transitioning to Value-Based Care: Financial Implications for Providers and Policymakers,” was released November 15, 2023 and was prepared by Managing Director John Barkett. The idea behind VBC is straightforward: “hold providers accountable for the total cost and quality of their patients’ care, and providers will redesign their practices in ways that eliminate waste and improve the health of their patients.” While the idea is fairly simple, there are, of course, snags and financial aspects to consider. In the report,... Read More »
Tygon Peak Capital Creates New Healthcare Platform
Tygon Peak Capital announced on December 5 the creation of a new healthcare platform with the acquisition of two internal medicine practices: Internal Medicine Associates of Plano and Doctors of Internal Medicine. Tygon Peak Capital led the investment alongside a partnership with Greyrock Capital Group. Internal Medicine Associates of Plano operates out of two locations in the Dallas MSA. According to its website, the practice is run by 14 physicians. Doctors of Internal Medicine provides internal medicine care for all ages out of two locations in Texas. According to its website, the practice has six physicians on staff. Tygon Peak Capital is a New York City-based private... Read More »
Advanced Psychiatric Group Joins ARC Health
ARC Health, a Thurston Group portfolio company, announced this week its expansion in Florida with its latest acquisition. ARC Health will acquire Advanced Psychiatric Group, an Orlando-based mental health practice providing comprehensive behavioral healthcare services to residents in Central Florida. ARC Health is a mental health specialty services organization supporting psychiatry, psychology and therapy providers in multiple locations throughout the United States. ARC was formed in 2021 in partnership with outpatient mental health provider Advanced Recovery Concepts. This transaction was facilitated by Bayshore Growth Partners, a healthcare-focused M&A advisory firm,... Read More »
National HME Acquires Hospice Source
National HME announced on December 5 that it has acquired Hospice Source, an Irving, Texas-based provider of hospice medical equipment to hospice patients and facilities. National HME is a leading provider of durable medical equipment (DME) solutions and services to hospice and alternate sites of care. This acquisition expands National HME’s footprint, with added capacity to offer services and solutions to hospices and their patients across the United States. Financial terms of the deal were not disclosed. According to data captured in the LevinPro HC database, this acquisition represents the 86th Home Health & Hospice transaction of 2023, as well as the 20th... Read More »
HCA Houston Healthcare Acquires 11 SignatureCare Emergency Centers
HCA Houston Healthcare announced that it acquired 11 emergency centers from SignatureCare Emergency Centers for an undisclosed price. SignatureCare Emergency Centers, is a network of emergency care centers across Texas. The emergency care centers are located in Atascocita, Bellaire, Copperfield, Cypress, Memorial City, Mission Bend, Montrose, Spring, Stafford, Heights and Westchase, Texas. The centers are open 24/7 and provide care for the full continuum of emergency care. HCA Houston Healthcare is part of HCA Healthcare’s Gulf Coast Division, a comprehensive network of hospitals, outpatient surgery centers, emergency centers and diagnostic imaging facilities in... Read More »Schedule a demo
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