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Walgreens and Pearl Health Launch Partnership to Advance Value-Based Care Delivery
Deerfield, Illinois-based Walgreens, a division of Walgreens Boots Alliance, Inc. (WBA), and Pearl Health announced on September 12 a partnership to expand the retailer’s push into value-based care. Walgreens will provide value-based care services to provider partners through the agreement with Pearl Health. The companies will help clinicians transition to value-based reimbursement, starting with Accountable Care Organization Realizing Equity, Accountability and Community Health (ACO REACH) members. Pearl Health is a technology company that helps independent physician practices participate in value-based care models. Walgreens is included in the U.S. Retail Pharmacy and... Read More »
Together in Caring Acquires Inspire Care of Central New York
Together in Caring has acquired the care management practice of Inspire Care of Central New York. According to data captured in the LevinPro HC database, this acquisition represents the 61th Home Health & Hospice transaction of 2023. Inspire Care of Central New York is a professional geriatric care management and home-based physical/occupational therapy agency based in Liverpool, New York. Headquartered in Rochester, New York, Together in Caring is a geriatric care management service that provides care management solutions for older adults, individuals living with Alzheimer’s, dementia or chronic illness and their caregivers. Together in Caring was established in 2022... Read More »
iCoreConnect Buys RCM Provider Preferred Dental Services
iCoreConnect has announced the acquisition Preferred Dental Services’ assets for an undisclosed price. Headquartered in Flushing, New York, Preferred Dental Services provides dental billing, claims and insurance management services. iCoreConnect Inc. is a cloud-based software and technology company providing secure, HIPPA compliant communication and healthcare practice management services. According to its most recent financial report, for FY 2022 iCoreConnect had revenue of $7.99 million. According to data captured in the LevinPro HC database, this acquisition represents the 189th eHealth transaction of 2023 and the 43rd in the revenue cycle management (RCM) specialty. This is... Read More »
PE-Backed Acacium Group Acquires SUMO Medical Staffing
Acacium Group, backed by private equity firm Onex Corp., announced on September 8 that it acquired Sumo Medical Staffing for an undisclosed price. Headquartered in Draper, Utah, SUMO Medical Staffing is a locum tenens agency dedicated to placing qualified physicians and advanced practice providers in temporary and permanent positions across the United States. The company places medical professionals in specialties including psychiatry, internal medicine, hospitalist, family medicine, ER/urgent care and pediatrics. Acacium Group is one of the United Kingdom’s largest healthcare workforce solutions and services partner dedicated to offering staffing, managed services and... Read More »
Havencrest Announces Majority Investment in Tekton Research
Dallas-based Havencrest Capital Management has announced a majority investment in Tekton Research, LLC. According to data captured in the LevinPro HC database, this transaction represents the 25th clinical trials acquisition of 2023. Founded in 2006 and headquartered in Austin, Texas, Tekton Research is a clinical trial site network with 23 sites across Texas, Colorado, Georgia, Kansas and Oklahoma. Tekton conducts clinical trials across several therapeutic areas, including vaccines and infectious disease, neurology, endocrinology, immunology and dermatology, among others. Havencrest is a committed capital, lower middle-market private equity investment firm focused exclusively... Read More »“Just a Matter of Time:” Urology Opens the Door to Private Equity and Consolidation
There is almost unlimited potential for financial growth in urology because of rising patient demand. “Urology is a surgical subspecialty where you can do very well as an investor,” said Hector Torres, a managing director at DC Advisory. However, urology has flown somewhat under the radar in recent years as excitement around other hot specialties like cardiology and orthopedics surged. According to Levin Associates’ proprietary platform, which tracks healthcare mergers and acquisitions in real-time, there have been 26 urology deals announced since January 2018. By comparison, in the same time frame, there have been nearly 200 deals involving dermatology practices, 100+ deals in orthopedics... Read More »
NextGen Healthcare Inks $1.6 Billion Sale to PE Firm Thoma Bravo
Private equity group Thoma Bravo has entered into an agreement to acquire NextGen Healthcare, Inc. for approximately $1.61 billion. Under the terms of the agreement, NextGen Healthcare shareholders will receive $23.95 per share in cash. NextGen Healthcare is an American software and services company headquartered in Atlanta, Georgia. The company develops and sells electronic health record (EHR) software and practice management systems to the healthcare industry. According to its most recent financial report, the company’s revenue for the fiscal year ended March 31, 2022 was $596.4 million. Thoma Bravo is a leading private equity investment firm building on a 30-plus year... Read More »
Cerba HealthCare Acquires Canadian CRO Cirion BioPharma Research
Cerba HealthCare announced on September 7 that it has acquired Cirion BioPharma Research, a contract research organization (CRO) in Laval, Quebec. Cirion BioPharma Research is a Canadian contract research laboratory providing global central laboratory services for clinical studies and research and development services. Cerba Healthcare is a leader in clinical pathology specializing in local clinical pathology, specialized clinical pathology and central lab testing for clinical trials. Its shareholders include Partners Group and the Public Sector Pension Investment Boards. Cirion will rank under Cerba HealthCare’s business unit Cerba Research adding to its global network of... Read More »
Specialty1 Partners Expands in Connecticut
Specialty1 Partners announced its acquisition of Fairfield County Implants & Periodontics, in Fairfield, Connecticut. Fairfield County Implants & Periodontics is a dental implant practice with three providers on staff. Since 1985, the practice has treated more than 30,000 patients and placed more than 14,000 dental implants. Specialty1 Partners is the parent company of dental surgical based partnerships Endo1 Partners, Perio1 Partners and OS1 Partners. It maintains and scales practices for optimal performance. The financial terms of the acquisition were not disclosed. According to data captured in the LevinPro HC database, this transaction marks the... Read More »Schedule a demo
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