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Access Healthcare Acquires Patient Engagement Company Envera Health
Access Healthcare announced on October 12 the acquisition of Richmond, Virginia-based Envera Health, which provides consumer engagement services to connect health systems and physician groups with patients. Access Healthcare is a Dallas, Texas-based provider of revenue cycle management (RCM) services, specializing in medical billing, coding and accounts receivable management. Access Healthcare’s global delivery engine encompasses more than 27,000 people working from 20 delivery sites across nine cities in the United States, India and the Philippines. This acquisition broadens Access Healthcare’s service portfolio to include enhanced patient engagement capabilities.... Read More »
LynLake Centers for WellBeing Joins ARC Health
ARC Health, a Thurston Group portfolio company, has announced the acquisition of LynLake Centers for WellBeing for an undisclosed price. The transaction was facilitated by Agenda Health, a healthcare-focused M&A advisory firm headquartered in Austin, Texas. LynLake Psychotherapy and Wellness Ltd, doing business as LynLake Centers for WellBeing, is a Minnesota-based integrative mental health and wellness practice with fourteen locations across Minneapolis and St. Paul. Established in 2014, LynLake offers a wide spectrum of outpatient clinical offerings, spanning from psychotherapy, neuro/psychological testing and nutritional counseling, to neurofeedback, medication management,... Read More »
Brown Rudnick Advises EDX Medical in Acquisition of Hutano Diagnostics
Brown Rudnick, an international law firm representing clients around the world, has advised EDX Medical Group on its share-for-share acquisition of Oxford-based Hutano Diagnostics Ltd. The deal was originally announced on September 27, but Brown Rudnick’s involvement in the transaction wasn’t announced until October 10. Hutano Diagnostics is a start-up developing a diagnostic and surveillance platform for diseases caused by emerging and dangerous pathogens that cause recurring epidemics in Africa. The company is currently developing an Ebola diagnostic and surveillance platform. Founded in 2022, EDX Medical is a developer of digital diagnostic products and services for the... Read More »
Hunt Regional Healthcare Acquires Two Urgent Care Facilities
Hunt Regional Healthcare (HRH) has announced the acquisition of a pair of urgent care facility locations in Rockwall and Royse City, Texas. Rockwall Urgent Care and Royse City Urgent Care will join the HRH family and will be now called Hunt Regional Urgent Care. The two facilities both provide urgent care and occupational health services in the Rockwall County area. HRH offers comprehensive medical services in Hunt County and Northeast Texas. HRH is centered in Greenville, Texas at Hunt Regional Medical Center and provides an extensive list of outpatient and diagnostic services. Additional facility locations include Commerce, Caddo Mills, Emory, Fate, Forney, Leonard and... Read More »
Haemonetics Corporation Buys Medical Device Company OpSens
Haemonetics Corporation has announced that it has entered into a definitive agreement to acquire all outstanding shares of OpSens. According to data captured in the LevinPro HC database, this transaction represents the 86th Medical Devices transaction of 2023. OpSens is being acquired for $2.90 CAD per share in an all-cash transaction representing a fully diluted equity value of approximately $253 million USD at the current exchange rate. OpSens is a Canadian medical device cardiology-focused company. Its flagship product, the OptoWire, is a second-generation fiber optic pressure guidewire designed to provide the lowest drift in the industry and excellent lesion access. The... Read More »
Lovell Minnick Partners Makes Growth Investment in S&S Health
Lovell Minnick Partners LLC (LMP) has made a majority growth investment in S&S Health, a Cincinnati-based provider of administration and technology solutions for health plans for small and mid-sized businesses. The transaction is expected to close in the fourth quarter of 2023. LMP is a private equity firm focused on investments in financial services, business services and financial technology companies. Since its inception, the company has raised approximately $4.75 billion of committed capital, invested in more than 50 companies and completed more than 175 add-on acquisitions. Waller Helms Advisors served as financial advisor to S&S and Harris Williams served as... Read More »
CBRE Facilitated $12 Million Sale of San Clemente MOB
CBRE recently negotiated the sale of a 27,535 square foot medical office building (MOB) in San Clemente, California for approximately $12 million, representing a private seller in the transaction. A Southern California-based high-net individual purchased the property. The two-story MOB, built in 2002, is situated on 1.66 acres. The building is 92% occupied, with seven medical tenants, including Children’s Hospital of Orange County and Camino Health Center. The price is $436 per square foot. According to data captured in the LevinPro HC database, this transaction represents the 164th MOB transaction of 2023. This is just slightly slower than last year when there were 168 MOB... Read More »
Alo Acquires Davidson Family Medicine
Alo Solutions announced on October 2 that it acquired Davidson Family Medicine, an internal medicine practice. Davidson Family Medicine operates one location in Davidson, North Carolina. According to its website, the practice is run by a team of 10, five of them physicians. Alo is a physician enablement platform that provides solutions designed to support long-term practice sustainability. The company is headquartered in Durham, North Carolina and currently supports more than 30 independent practice and provider groups delivering care to more than 100,000 covered lives. Alo is the parent company of Avance Care, a primary care provider that has been offering convenient, cost-effective... Read More »
