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Worsening Healthcare Workforce Shortage May Deepen
The severe shortage of healthcare professionals has been attributed to numerous factors. Job burnout, retirements and the impact of the COVID-19 pandemic are all well-known factors contributing to the crisis that is only expected to get worse. However, one factor has gotten virtually no attention: the certifications, qualifications and education needed for healthcare careers are not available for many due to a lack of instructors. Consider the situation at nursing schools. An American Association of Colleges of Nursing report revealed U.S. nursing schools turned away 91,938 qualified applicants for undergraduate and graduate nursing programs in 2021, primarily due to a lack of... Read More »
Healthcare Subsectors Drive Double-Digit M&A Decline in 2023
There is no shortage of subsectors contributing to the overall double-digit percentage decline in healthcare M&A activity in 2023. According to the LevinPro HC database, there have been 1,299 healthcare M&A deals this year through July 31. This represents an 12% drop compared with the 1,481 transactions recorded during the same period in 2022. The 2023 total represents a 5% increase from the 1,240 deals posted in 2021 through July 31. Some of the subsectors that have contributed to the M&A activity decline this year include Contract Development Manufacturing Organizations (CDMO), healthcare staffing firms, infusion services companies, primary & value-based care... Read More »
Dr. Daniel Rychlik Acquires Oma Fertility Santa Barbara
Fertility specialist Dr. Daniel Rychlik personally acquired Oma Fertility Santa Barbara. According to data captured in the LevinPro HC database, this acquisition represents the 267th Physician Medical Groups transaction of the year, 20 of them in the OB/GYN specialty. Although five of Oma Fertility’s nationwide clinics were acquired by a corporate entity, Dr Rychlik felt it important that his Santa Barbara clinic maintain a patient-centric approach without being acquired by another corporate entity. Financial terms of the deal were not disclosed. Oma Fertility is a full-service fertility clinic that offers fertility care and treatments. The company was founded in 2020 and... Read More »
American Medical Administrators Acquires Kennett Pediatric and Adolescent Medicine
American Medical Administrators (AMA) announced on August 29 its acquisition of Kennett Pediatric and Adolescent Medicine, P.C. The financial terms of the acquisition were not disclosed. Kennett Pediatric and Adolescent Medicine operates out of one location in Kennett, Missouri. It has one physician on staff, Dr. Andrew Beach. AMA is a healthcare services company focused on the development and commercialization of providing greater access to healthcare for underserved communities across America. The company offers walk-in urgent care services combined with traditional family practice medicine and multi-specialty ambulatory surgical services. This marks AMA’... Read More »
Elevate ENT Partners Acquires San Antonio Head & Neck Surgical Associates
Elevate ENT Partners, a leading management support of ear, nose and throat (ENT) practices nationwide, announced on August 29 that it has acquired San Antonio Head & Neck Surgical Associates. San Antonio Head & Neck Surgical Associates offers treatment for medical and surgical disorders in the field of otolaryngology and head and neck surgery. According to its website, the practice has nine providers on staff. With more than 80 otolaryngology centers and 127 physicians, Elevate ENT Partners invests in private ENT and allergy practices across the United States and provides scalable infrastructure to help practices reach the next level in terms of financial management,... Read More »
Montecito Medical Acquires Chapel Hill, NC MOB
Montecito Medical Real Estate announced on August 28 its acquisition of an 11,515-square-foot medical building in Chapel Hill, North Carolina for an undisclosed price. The two-story MOB is fully occupied and tenanted to the UNC Physicians Network, part of UNC Health, which uses the property as an internal medicine clinic. UNC Health is one of the nation’s leading academic healthcare systems, with more than 33,000 employees providing care to patients in all of North Carolina’s 100 counties through its 11 hospitals and hundreds of clinical practices. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions... Read More »
FFL Partners Completes Growth Investment in Johnson County Clin-Trials
FFL Partners announced that it has completed a growth investment in Johnson County Clin-Trials (JCCT). According to data captured in the LevinPro HC database, this transaction represents the 20th clinical trials acquisition of 2023. Financial terms of the private transaction were not disclosed. JCCT is a clinical research site platform serving pharmaceutical and biotechnology companies and contract research organizations. Headquartered in Lenexa, Kansas, JCCT specializes in Phase I – IV clinical trials, encompassing both healthy volunteers and special populations. Since its inception in 2005, the company has concluded approximately 300 clinical trials, engaging more than 15,000... Read More »
New Story Acquires Virginia Assets of The Center for Autism & Related Disorder
New Story, a provider of special and alternative education and therapeutic services, announced its acquisition of the Virginia assets of the Center for Autism & Related Disorder (CARD) for an undisclosed amount. The Virginia assets include three school campuses and nine applied behavior analysis therapy clinics. CARD is one of the world’s largest and most experienced autism treatment providers and the third largest non-governmental organization in the United States contributing to autism research. Founded in 1997, New Story offers integrated academic and therapeutic programming to children and young adults with autism spectrum disorder, mental illness and emotional and... Read More »
