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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 (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
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, 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
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
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 »
Healthcare M&A Volume Falls in Q3:23, According to Acquisition Data from LevinPro HC
Health care merger and acquisition activity declined in the third quarter of 2023, dropping to 497 deals, according to new acquisition data from LevinPro HC. Activity in the third quarter was 16% lower than in the second quarter, when 598 transactions were announced. Compared with the third quarter of 2022, activity fell 19% in the third quarter of 2023. The slowdown was felt across each healthcare vertical. Activity in sectors such as Physician Medical Groups saw significant declines in M&A volume, with 120 deals, a 20% decrease compared to the previous quarter. Demand for healthcare real estate, such as medical office buildings and properties, has driven high deal volume in the Other... Read More »
Montecito Medical Completes Acquisition of Seven-Building Portfolio in South Carolina
Montecito Medical Real Estate announced on October 16 the completion of its acquisition of seven medical office buildings (MOB) in upstate South Carolina. Concentrated in the Greenville and Clemson market areas, the seven properties represent a combined total of more than 88,000 square feet and are 100% occupied. Six of the buildings are occupied by Clemson Eye, a leading provider of eye health in upstate South Carolina. Carolinas Centers for Sight tenants the seventh property. Both practice groups are affiliated with Eye Centers of America. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across... Read More »
SPAC Aimfinity Investment Corp. I to Merge with Taiwanese Developer Docter Inc.
Aimfinity Investment Corp. I, a Cayman Islands-incorporated special purpose acquisition company (SPAC) listed on the Nasdaq Global Market, and Docter Inc. announced that they have entered a definitive merger agreement. As part of the agreement, a newly established subsidiary of Aimfinity will become a publicly listed company on the Nasdaq combining Aimfinity and Docter upon the closing of the transaction. Since 2016, Docter, along with its subsidiary, Horn Enterprise Co., Ltd., has been developing a non-invasive blood sugar trend monitoring technology, alleviating the necessity for blood sampling. The Taiwanese company operates Docter brand watches and employs Docter Cloud... Read More »Schedule a demo
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