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Novo Nordisk Acquires ocedurenone 

Novo Nordisk Acquires ocedurenone 

On October 16, Novo Nordisk A/S announced it acquired ocedurenone from KBP Biosciences PTE., Ltd., a biotechnology company. According to Novo’s press release, the acquisition was valued at $1.3 billion.   ocedurenone is an orally administered, small molecule, non-steroidal mineralocorticoid receptor antagonist that is currently being examined in the phase 3 trial, CLARION-CKD, in patients with uncontrolled hypertension and advanced chronic kidney disease. ocedurenone has been investigated in nine clinical trials including the BLOCK-CKD Phase 2b trial.  Novo Nordisk is a leading global healthcare company founded in 1923 and headquartered in Denmark. Novo Nordisk employs more than... Read More »
TriasMD Expands in California 

TriasMD Expands in California 

TriasMD announced on October 18 that it entered in an agreement to acquire Pinnacle Surgery Center for an undisclosed price.   Pinnacle Surgery Center, which is certified by both the Joint Commission of Healthcare Organizations and the Centers for Medicare & Medicaid Services, provides high-quality orthopedics and total joint care. It is based in Walnut Creek, California.  Headquartered in Newport Beach, California, TriasMD is a musculoskeletal management company. Using the data-driven model created by DISC Sports & Spine Center, TriasMD positions facilities to thrive, building a clinically integrated network of providers and monitoring the network’s quality. ... Read More »
Premier Choice Healthcare Bolsters PMI Offering with Healthcover Acquisition

Premier Choice Healthcare Bolsters PMI Offering with Healthcover Acquisition

Premier Choice Healthcare (PCH), the health insurance intermediary hub owned by Brown & Brown, announced on October 18 the acquisition of the entire share capital of Brighton-based Healthcover Ltd.  Healthcover specializes in personal and business private medical insurance (PMI) and has a distinct focus on international health coverage for U.K.-based customers.  Founded in 1996, PCH is one of the largest independent insurance intermediaries in the United Kingdom, providing market strength and support with a wide range of resources and expertise.  As part of the deal, the Healthcover team will integrate into PCH across the United Kingdom. Healthcover’s two... Read More »
PE-Backed Hightop Health Acquires Psych Atlanta

PE-Backed Hightop Health Acquires Psych Atlanta

Hightop Health announced its acquisition of Marietta, Georgia-based Psych Atlanta on October 18. According to data captured in the LevinPro HC database, this transaction represents the 62nd Behavioral Health Care (BHC) acquisition of the year. This is a 33% decrease from last year, when there were 92 BHC transactions announced between January 1, 2022, and October 18, 2022.  Psych Atlanta is a mental health practice offering medication management, interventional psychiatry, ketamine, spravato and transcranial magnetic stimulation.  Backed by private equity firms JLL Partners and SV Health Investors, Hightop Health offers an outpatient mental health platform that uses an... Read More »
UnitedHealth Group Reports 14% Growth YoY, Expands Services & Customer Base

UnitedHealth Group Reports 14% Growth YoY, Expands Services & Customer Base

UnitedHealth Group Incorporated (NYSE: UNH), one of the largest health insurers in the United States, reported its third-quarter financial results on Friday, October 13. Last year, the company reported positive performance and balanced growth across its Optum and UnitedHealthcare business segments. This trend has continued into Q3:23, as the company’s growth in the third quarter was attributable to an increase in the number of people served by Optum and UnitedHealthcare, and the broadening scope of services offered. During Q3:23, UnitedHealth reported group revenues of $92.4 billion, up 14% from $80.9 billion in Q3:22. The company also announced Q3:23 earnings from operations of $8.5... Read More »
MyTown Health Partners Expands in Texas 

MyTown Health Partners Expands in Texas 

MyTown Health Partners (MTHP) announced its acquisition of South Padre Island Pediatrics Center.  South Padre Island Pediatrics Center provides pediatric care out of four Texas locations; Corpus Christi, Sinton, Aransas Pass and Mathis. According to its website, the practice is run by three providers.  MTHP is a practice management services organization headquartered in Pittsburgh. MyTown Health Partners is bringing together national leaders in the rural and urban healthcare space with the goal of providing accessible healthcare treatment to underserved communities. It was formed by Webster Equity Partners.  This transaction expands MyTown Health Partners’ presence in... Read More »
EngagedMD Acquires MD Consents 

EngagedMD Acquires MD Consents 

On October 16, Washington, D.C.-based EngagedMD announced its acquisition of MD Consents. According to data captured in the LevinPro HC database, this transaction represents the 227th eHealth acquisition of the year.  MD Consents is a U.K.-based company that specializes in providing online consents specifically for fertility clinics. It works through a range of healthcare settings, from small clinics to hospitals in both private and public sectors.   EngagedMD is a leading platform for automating patient education and administration.   This acquisition expands EngagedMD’s global footprint and brings together shared expertise and resources to deliver an enhanced... Read More »
Specialized Dental Partners Acquires Five Endodontics Practices 

Specialized Dental Partners Acquires Five Endodontics Practices 

Specialized Dental Partners, formally known as US Endo Partners, announced its acquisition of five endodontic practices.   The practices were Novick Endodontics in Charlotte, North Carolina; Vancouver, Washington-based Salmon Creek Endodontics; Signature Endodontics in Rancho Santa Margarita, California; Coastal Endodontics, based in Georgetown and Murrells Inlet, South Carolina; and Colorado Springs-based Southern Colorado Endodontics. The financial terms were not disclosed.   Backed by Quad-C Management, Specialized Dental Partners is a doctor-led, doctor-driven specialty dental service organization. The company is affiliated with and supports practices in 33 states.  This... Read More »
Globe Life Acquires Health Insurer Evry Health

Globe Life Acquires Health Insurer Evry Health

McKinney, Texas-based Globe Life has announced the acquisition of Evry Health, expanding its operations and business reach. The amount of the deal was not disclosed.  Evry Health is a business-to-business health insurance company that lowers the cost of healthcare through software automation with a mobile-first experience. The company is located in Dallas, Texas. It offers group health insurance plans in Austin, Houston and San Antonio, providing a nationwide network for health coverage. Additionally, it offers tailored wellness plans at no cost to employers or employees.  Globe Life is an American financial services holding company listed on the New York Stock Exchange which... Read More »
Seniors Housing and Care M&A Activity Reaches 115 Deals in Q3:23

Seniors Housing and Care M&A Activity Reaches 115 Deals in Q3:23

The number of publicly announced seniors housing and care acquisitions in the third quarter of 2023 fell to 115 deals, based on new acquisition data from LevinPro LTC. This represents a 4% decrease from the 120 transactions disclosed in the second quarter of 2023, but an 18% decline from the 140 deals in Q3:22. Q3:23’s 115 deals surpass Q3:19’s 105 deals, and the average deal total per quarter for 2019 and 2023 (so far) is 115. In addition, the $700 million spent on Q3:23 transactions fell by 46% from the $1.29 billion spent on Q2:23 transactions and by 82% from the $3.87 billion spent in the year-ago third quarter, based on disclosed prices.... Read More »