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PE-Backed Ryan Specialty Acquires AccuRisk Holdings
Ryan Specialty announced that it has signed a definitive agreement to acquire AccuRisk Holdings, a medical stop loss managing general underwriter founded in 2017. AccuRisk offers traditional insurance products alongside advanced risk mitigation solutions. It has established a national footprint through its Chicago headquarters, as well as offices in Massachusetts and South Carolina. For the year ended July 31, 2023, AccuRisk reported revenue of approximately $25 million. Founded in 2010, Ryan Specialty is a service provider of specialty products and solutions for insurance brokers, agents and carriers. Ryan Specialty provides distribution, underwriting, product development,... Read More »
AMETEK Acquires Paragon Medical for $1.9 Billion
AMETEK, Inc. announced that it has entered into a definitive agreement to acquire Paragon Medical from affiliates of American Securities LLC. The all-cash transaction is valued at approximately $1.9 billion. Paragon Medical, formerly MW Life Sciences, offers advanced medical manufacturing and design for medical devices, components and products. It is based in Pierceton, Indiana. Paragon Medical serves a wide range of specialty applications including orthopedics, minimally invasive surgery, robotic surgery and drug delivery. Paragon’s product portfolio includes single-use and consumable surgical instruments and implantable components sold to a diverse blue-chip customer base of... Read More »
Dental Care Alliance Expands into Rhode Island
On October 30, Dental Care Alliance (DCA) announced it made its first acquisition in Rhode Island by acquiring Hodosh Cosmetic & Implant Dentistry. Hodosh Cosmetic & Implant Dentistry is two-doctor general dentistry practice located in Providence. The practice offers a full range of dental services, including general and emergency dentistry, implants, root canal treatment, Invisalign, periodontal treatment, full mouth reconstruction and CEREC restorations. DCA is a portfolio company of private equity firm Harvest Partners. Founded in 1991 and headquartered in Sarasota, Florida, DCA is a multi-branded dental support organization with more than 400 affiliated dental... Read More »
PE-Backed Avid Health at Home Acquires Independence 4 Seniors
Havencrest Capital Management, a Dallas-based healthcare private equity firm, announced on October 30 an acquisition under its Avid Health at Home platform: Independence 4 Seniors based in Hinsdale, Illinois. Independence 4 Seniors is a home care provider in the Chicago MSA. The company has provided personalized home care for older adults in DuPage County and Western Cook County since 2002. Avid Health at Home is a home care platform providing personal care and private-duty nursing services across seven locations in the Chicagoland area and North Carolina. Avid Health at Home was formed by private equity firm Havencrest Capital Management through its acquisition of For Papa’s... Read More »
Telemedicine Surge Drives Increased EHR Utilization, New Study From JAMA Reveals
In a recently published report in JAMA Internal Medicine, A. Jay Holmgren, PhD, and colleagues explore the relationship between the increasing adoption of telemedicine and key indicators of electronic health record (EHR) utilization among ambulatory physicians. Over a period of 115 weeks, the study observed 1,052 ambulatory physicians at a major academic medical center, providing a robust dataset of 35,697 physician-week observations. The aim of the study was to investigate how telemedicine utilization influenced physician EHR engagement and patient messaging volume in the ambulatory healthcare setting. There has been an increase in telehealth M&A this year. While most eHealth... Read More »
Flagship Acquires MOB in Chapel Hill, North Carolina
Flagship Healthcare Properties announced that it has acquired a Class A, medical office building (MOB) in Chapel Hill, North Carolina through its private real estate investment fund, Flagship Healthcare Trust. The 20,878-square-foot MOB was originally built in 2003, and the building is anchored by Chapel Hill Pediatrics, Chapel Hill Pediatric Psychology and Chapel Hill Pediatric Dentistry. The property is located near the combined 1,048-bed Duke University Hospital and Duke Regional Hospital and 900-bed UNC Medical Center. Flagship Healthcare Properties is an outpatient healthcare real estate firm serving clients in the southern United States. Headquartered in Charlotte, North... Read More »
Healthpeak Properties and Physicians Realty Trust Announce $21 Billion Merger
Healthpeak Properties and Physicians Realty Trust announced on October 30 that they have entered into a definitive agreement to combine in an all-stock merger of equals valued at approximately $21 billion. According to data captured in the LevinPro HC database, this transaction marks the second largest healthcare transaction of 2023 by purchase price, behind Pfizer’s $43 billion acquisition of Seagen Inc. announced in March. Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. According to its 2022 financial... Read More »
TT Capital Partners Announces Investment in Cantata Health Solutions
Minneapolis-based TT Capital Partners has announced a majority investment in Cantata Health Solutions, headquartered in Austin, Texas. Cantata Health Solutions provides healthcare technology solutions for organizations in behavioral health, human services, acute care and post-acute care. Cantata offers a complete platform, including an integrated electronic health records system, revenue cycle management and a suite of clinical solutions that are fully configurable. Cantata is installed in more than 280 healthcare facilities across 45 states, as well as Canada, the Bahamas, Puerto Rico and Guam. TT Capital Partners is a leading healthcare private equity investor, providing... Read More »
