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Palm Medical Centers Acquires Primary Care Clinic in Oviedo, Florida
Palm Medical Centers, a portfolio company of MBF Healthcare Partners II, L.P., has announced its acquisition of Amana Medical Center P.A. in Oviedo, Florida. Amana Medical Center is a primary care clinic. The clinic is led by Dr. Jamal Abusuwa, a primary care physician with more than 20 years of experience with managed care programs. Palm Medical Centers is a provider of value-based primary care services. The company also coordinates cardiology, dentistry, optometry, pediatrics, podiatry, psychiatry and other specialist services. Operating a network of 36 medical centers across nine counties in Florida, Palm Medical Centers serves more than 50,000 Medicare Advantage and managed... Read More »
JLL Report: 2023 Life Sciences Industry and Real Estate Perspective
Recently, JLL released a report titled, “2023 Life Sciences Industry and Real Estate Perspective: Assessing the future landscape for biopharma, medtech and biomanufacturing” that explores the real estate landscape of technology sectors. According to data captured in the LevinPro HC database, JLL has advised on 24 transactions in 2023. Of those, there were 19 medical office buildings, two inpatient behavioral health hospitals, one ambulatory surgery center and one acute care facility. In total, the 50 facilities consist of more than 4.2 million square feet. The report was broken down into multiple sections that looked at various elements of the market. Below, we’ve summarized each... Read More »
Christie & Co Advises Wishaw Dental Clinical
Christie & Co., a London-based advisory firm, announced on November 2 that it acted as an advisor for the sale of Wishaw Dental Clinical. The buyer was not disclosed. Wishaw Dental Clinical is a two-surgery, mixed-income dental practice located in Wishaw, Scotland. It has been providing high-quality dental care for more than 20 years. This is the third transaction that Christie & Co has advised on this year. Previously, the company worked on Envisage Dental’s acquisition of Shipston Dental Practice, a five-provider practice, and IM Smile Ltd.’s purchase of Haynes Road Dental Practice, a three-provider practice. According to data captured in the LevinPro HC... Read More »
Epic Staffing Group Announces First Acquisitions of the Year
Epic Staffing Group, a portfolio company of The Pritzker Organization, L.L.C., announced on November 2 that it acquired two companies. SBG Healthcare is a physician staffing firm focused on the placement of advanced practitioners and physicians in operating rooms and surgical suites. It is based in Hollywood, Florida and was established in 2013. According to data captured in the LevinPro HC database, this transaction represents the 28th healthcare staffing acquisition of the year. Chicago Telerad is a provider of diagnostic imaging and teleradiology services for hospitals and radiology groups. Founded in 2017, it is based in South Barrington, Illinois. According to data in... Read More »
CVS Health Scores with $2.2 Billion in Q3 Profit Amid Layoffs and Acquisitions
CVS Health (NYSE: CVS) released its Q3:23 operating results on Wednesday, November 1, 2023. The company reported net income of $2.2 billion, or $1.75 per share, thanks to double-digit percentage sales growth across all the company’s businesses and contributions from its new healthcare services acquisitions. This compares to the net loss of $3.4 billion, or $2.59 per share, announced in the same quarter last year when the company recorded $5 billion in opioid-related litigation charges. The giant drugstore chain has spent nearly $20 billion this year on acquisitions. First, the company added senior primary care centers via its acquisition of Oak Street Health for $10.6 billion in February.... Read More »
Dental Care Alliance Welcomes Webster Cosmetic and Family Dentistry
Dental Care Alliance (DCA) announced on November 2 that it has acquired Webster Cosmetic and Family Dentistry of Dover, Delaware for an undisclosed price. The acquisition of Webster Cosmetic and Family Dentistry expands Dental Care Alliance’s footprint in Delaware to two allied practices. Owned by Dr. Robert Webster since 2000, Webster Cosmetic and Family Dentistry provides patients in the Dover, Delaware area with personalized dental care. The state-of-the-art modern office offers a wide range of general, restorative and cosmetic dentistry services, including cleanings and exams, dental implants, porcelain veneers, root canal treatment, dentures and partials, teeth whitening,... Read More »
The Pennant Group acquires Guardian Hospice in Texas and Oklahoma
The Pennant Group Inc. has announced its acquisition of Guardian Hospice of Texas and Guardian Hospice of Oklahoma for an undisclosed amount. Guardian Hospice of Texas is a senior living provider in Sherman, Texas that offers residents hospice care. The company provides skilled hospice services in the Grayson, Fannin, Collin, Cook, Denton and Hunt counties in Texas. Guardian Hospice of Oklahoma received Medicare certification in 2015. The company is located in Calera, Oklahoma and offers hospice services across the Bryan, Choctaw, Atoka, Pushmataha, Johnston, Coal, Marshall, Murray, Pontotoc and Love counties in Oklahoma. The Pennant Group is a holding company of... Read More »
Honor Health Network Acquires Home Health & Hospice Practice
On November 1, Honor Health Network, based in Ridgefield Park, New Jersey, announced it acquired Nightingale Services, Infusion, and Pharmacy. Provident Healthcare Partners advised Nightingale Services, Infusion, and Pharmacy in the transaction. Bouhan Falligant served as legal counsel to Nightingale and Goodwin Procter served as legal counsel to Honor Health Network. Nightingale Services, Infusion, and Pharmacy is a comprehensive home care provider which has been serving Georgia since its inception in 1987. The company offers skilled nursing, infusion services, pharmacy, structured family care and personal care services at 11 locations across Georgia and services patients in... Read More »
Aileron Therapeutics Acquires Lung Therapeutics
Aileron Therapeutics, Inc. has announced its acquisition of Lung Therapeutics. Financial terms of the deal were not disclosed. Lung Therapeutics is a clinical-stage biopharmaceutical company developing novel therapies for underserved, life-threatening lung conditions. The Lung Therapeutics pipeline features leading programs LTI-01 and LTI-03, two candidates that indicate a novel way to treat lung diseases. Aileron Therapeutics is a chemoprotection oncology company focused on the clinical development of its lead product candidate, ALRN-6924, to protect cancer patients against chemotherapy-induced toxicities. Following the acquisition, Aileron entered into a definitive... Read More »Schedule a demo
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