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Fairfax Radiology Centers Acquires Association of Alexandria Radiologists
Fairfax Radiology Centers, LLC announced on November 16 that it is expanding its imaging services with the addition of Association of Alexandria Radiologists to its portfolio. Association of Alexandria Radiologists is an imaging practice with locations in Alexandria and Woodbridge, Virginia. According to its website, the practice has 29 radiologists on staff. Fairfax Radiology Centers is a provider of radiology services that serves the Washington, D.C. MSA. It was established in 1965 and is one of the largest private radiology providers in the area. According to its website, it has more than 90 physicians on staff and operates out of 19 locations. Following the... Read More »
NorthLakes Community Clinic Acquires Orthopedic & Spine Therapy
On November 13, Orthopedic & Spine Therapy (OST), an orthopedic practice in Wisconsin, announced that select locations are being acquired by NorthLakes Community Clinic (NLCC). The Bayfield, Iron River, Poplar and Solon Springs locations of OST will become part of NLCC’s network starting on December 18, 2022, according to the press release. NLCC is a Federally Qualified Community Health Center that operates 16 clinics throughout 12 counties in Wisconsin. The clinic provides care in a variety of healthcare spaces, including behavioral health, dental care, orthopedic care. This acquisition enhances the partnership between OST and NLCC that has been in... Read More »
BehaVR and Fern Health Merge to Form RealizedCare
BehaVR and Fern Health have signed an agreement to merge their businesses and create a new digital care management solution for chronic pain. Fern Health is a virtual chronic pain management program available through employers and health plans. Guided programs deliver exercise therapy, interventions for sleep, nutrition, daily movement and emotional health. Members are supported through pain-focused 1:1 clinical coaching and pain neuroscience education to improve function, reduce pain and avoid unnecessary healthcare costs. Fern Health was previously majority-owned by German life science company Grünenthal, with other minority investors. Founded in 2016 and headquartered in... Read More »
GTCR to Acquire Cloudbreak Health
GTCR has announced that it has signed a definitive agreement to acquire Cloudbreak Health, LLC in a corporate carve-out transaction from UpHealth, Inc. Cloudbreak Health originally combined with UpHealth, Inc., formerly known as GigCapital2, Inc., and UpHealth Holdings, Inc. in November 2020. The combined UpHealth entity had a combined pro forma enterprise value of $1.35 billion and traded on the New York Stock Exchange under the ticker “UPH”. Under the terms of the agreement, the purchase price is $180 million, and the transaction is expected to close in the first quarter of 2024 following the receipt of customary regulatory and stockholder approvals and closing... Read More »
PE Firm Fulcrum Equity Partners Acquires Defining Wellness Centers
Fulcrum Equity Partners has announced its acquisition of Defining Wellness Centers, a premier drug and alcohol addiction treatment facility located in Mississippi. The strategic investment aims to propel the expansion of Defining Wellness Centers, leveraging Fulcrum’s financial support and industry expertise to broaden its impact in the Mississippi market and beyond. Committed to evidence-based care and empowerment, Defining Wellness Centers provides clients with the tools and support needed to overcome substance use disorders and mental health issues. Fulcrum Equity Partners is an Atlanta-based growth equity firm that invests in healthcare services and B2B tech... Read More »
Bharath Home Medicare Acquires Indian Company Strata Meditech
Bharath Home Medicare announced on November 16 the successful acquisition of Strata Meditech, an India-based company offering occupational health management and annual medical checkups. Strata Meditech was founded in 2015 and serves more than 50 corporate clients. Bharath Home Medicare provides holistic home health care services to all age groups with electronic medical records. Their services include patient support, vaccinations, physiotherapy, speech therapy, diagnostics and medical equipment rental and sales. The transaction was completed on November 10, 2023. Strata’s operations will be overseen by Varadharajan K. as Director and Rajasekharan N.S. as Chief Business... Read More »
Urology America Acquires Conrad Pearson Clinic
Urology America, a portfolio company of Gauge Capital, announced its acquisition of Conrad Pearson Clinic. According to data captured in the LevinPro HC database, this transaction marks the 458th Physician Medical Groups acquisition of the year, and the sixth in the urology specialty. Conrad Pearson Clinic provides high-quality urology care out of three locations: Germantown and Cordova, Tennessee and Southaven, Mississippi. According to its website, the practice has 10 physicians on staff which are supported by a team of three physician assistants. Urology America is a national urology platform founded in central Texas by Urology Austin physicians. It supports more than 90... Read More »
Healthcare Outcomes Performance Company Partners with OrthoConnecticut
On November 14 Healthcare Outcomes Performance Company (HOPCo) announced that it entered with an agreement to partner with OrthoConnecticut. OrthoConnecticut is a multi-specialty orthopedic practice formed by the union of Coastal Orthopedics, Danbury Orthopedics, New Milford Orthopedics and Connecticut Pain Care. It has nine offices in Connecticut: Danbury, Darien, Litchfield, New Milford, Norwalk, Ridgefield, Sharon, Southbury and Westport. According to its website, it has 32 physicians on staff. HOPCo provides musculoskeletal value-based health outcomes management, health system service line management and practice management software solutions. This includes management and... Read More »
A Historical Slowdown: Mertz Taggart’s Q3 2023 Home-Based Care M&A Report
The latest Home-Based Care M&A Report from Mertz Taggart, a Fort Myers, Florida-based M&A firm, sheds light on the subdued M&A activity in the Home Health & Hospice (HH&H) sectors throughout 2023. While the second quarter showed a slight uptick, Q3 remained slow, raising concerns within the industry. The third quarter witnessed historically low transaction numbers, with only 23 HH&H transactions announced, a 12% decrease from Q2:23, and a 15% decrease from Q3:22, according to data captured in the LevinPro HC database. One factor contributing to the slowdown could be the anticipation surrounding the home health payment rule, which resulted in a modest 0.8% aggregate... Read More »Schedule a demo
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