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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 »
Emmes Acquires VaxTRIALS
On October 5 Emmes announced that it entered into an agreement to acquire Panama City, Panama-based VaxTRIALS. According to data captured in the LevinPro HC database, this transaction represents the 29th contract research organization (CRO) acquisition of the year. A specialized CRO, VaxTRIALS provides solutions in managing and monitoring vaccine clinical trial activities across Latin America. Founded in 2012, it has a presence in 11 Latin-American countries as well as the Philippines. VaxTRIALS’ local regulatory knowledge and wide network of experienced investigational sites ensures rapid trial enrollment and standards. Founded in 1977, Emmes is a CRO with a client... Read More »
Allergy Partners Acquires Charleston Allergy and Asthma
Allergy Partners announced it acquired Charleston Allergy and Asthma for an undisclosed price. Charleston Allergy and Asthma is a leading care provider for patients with allergy, asthma and immunologic disorders throughout the Lowcountry of South Carolina. According to its website, the practice has seven physicians on staff providing care out of three locations. Allergy Partners is one of the largest single-specialty care providers for allergy, asthma and immunologic disorders in the United States. It has more than 145 allergists, 50 advanced practice providers and more than 1,250 team members in 150 locations across 20 states. As its first acquisition of... Read More »
Ascend Capital Partners Acquires Seoul Medical Group
Ascend Capital Partners, a healthcare-focused private equity firm, announced on October 3 its majority acquisition of Seoul Medical Group (SMG). Founded in 1993, SMG is one of the largest Korean-American-focused independent physicians associations serving more than 70,000 patients across California, Georgia, Hawaii, New Jersey, New York, Virginia and Washington. According to its website, the practice has more than 2,000 physicians on staff, composed of more than 400 primary care physicians. It also owns Advanced Medical Management, a management service organization providing comprehensive administrative services to SMG’s network physicians. Ascend Capital Partners,... Read More »
Eton Pharmaceuticals Acquires New Drug Application
On October 4, Eton Pharmaceuticals, Inc. announced it entered into an agreement to acquire an abbreviated new drug application for Nitisinone Capsules from Oakrum Pharma, LLC. This transaction is part of Oakrum Pharma’s Chapter 11 bankruptcy proceedings. Nitisinone Capsules were approved by the FDA in May 2023 for the treatment of hereditary tyrosinemia type 1 (HT-1) in combination with dietary restriction of tyrosine and phenylalanine. Oakrum Pharma is a biopharmaceutical company focusing on development and commercialization of affordable drug therapies Eton Pharmaceuticals is an innovative pharmaceutical company focused on developing, acquiring and commercializing products to address... Read More »
PE-Backed Commure Merges with Athelas
Commure, Inc., a portfolio company of private equity firm General Catalyst, and Athelas announced on October 4 that they have entered into a definitive agreement and expect the combined merger to close by the end of October 2023. According to data captured in the LevinPro HC database, this acquisition represents the 208th eHealth transaction of 2023 and the 46th in the revenue cycle management (RCM) specialty. Athelas is a Mountain View, California-based provider of healthcare workflow automation software and RCM services. Founded in 2016, Athelas is integrated with all major electronic health records and offers artificial RCM, remote monitoring and patient engagement tools.... Read More »
Froedtert Health Acquires Ascension Wisconsin’s Stake in Network Health
Froedtert Health announced on October 3 that it is acquiring the remaining 50% stake in Network Health from Ascension Wisconsin. According to data captured in the LevinPro HC database, this transaction is the 21st Managed Care acquisition of 2023. Based in Menasha, Wisconsin, Network Health offers customized commercial and Medicare health insurance plans for employers, individuals and families in 23 counties throughout Wisconsin. Froedtert Health is part of the Froedtert & the Medical College of Wisconsin regional health network. It includes five hospitals, a community hospital with two locations, more than 2,000 physicians and more than 45 health centers and clinics. ... Read More »Schedule a demo
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