Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40
Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
Software Firm, Waystar, to Go Public
Waystar Inc, a portfolio company of EQT, CPPIB and Bain Capital, is, reportedly, moving towards an initial public offering (IPO) that values the company at $8 billion, as of August 21. Waystar is the combination of Navicure and ZirMed, two leading revenue cycle management companies. It supports more than 450,000 providers, 750 health systems and hospitals and 5,000 payers and health plans. EQT, CPPIB and Bain Capital have hired Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. to guide the company through the process, according to reporting done by Reuters. Contingent upon market conditions and regulations, the IPO is expected to materialize later in 2023 or early in... Read More »
Montecito Medical Acquires Two Las Vegas Medical Office Buildings
Montecito Medical Real Estate announced on August 22 its acquisition of two medical office buildings (MOBs) in Las Vegas. The properties, which total1 6,536 square feet, are fully occupied by Women’s Health Associates of Southern Nevada. One of the two properties serves as the group’s practice hub, and the other is adjacent to a 297-bed hospital, Valley Hospital Medical Center, in the heart of a medical corridor. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. With the addition of these two... Read More »
PE-Backed STARLIMS Acquires Labstep
STARLIMS, backed by Francisco Partners, announced on August 22 its acquisition of Labstep for an undisclosed price. According to data captured in the LevinPro HC database, this acquisition represents the 92nd Laboratories, MRI and Dialysis transaction of 2023 Labstep is a modern R&D cloud platform helping customers unlock the power of real-time data. Found in more than 900 universities and more than 65 companies worldwide, Labstep’s Electronic Laboratory Notebook (ELN) platform streamlines laboratory work, delivers real-time data capture and collaboration and enhances data integrity. STARLIMS provides enterprise informatics solutions and is committed to providing quality... Read More »
Cressey & Company Acquires HealthDrive
On August 22, Cressey & Company announced it acquired HealthDrive from Bain Capital Double Impact Fund, L.P. The financial terms of the acquisition were not disclosed. HealthDrive provides on-site dentistry, optometry, podiatry and audiology services to residents in more than 2,000 skilled nursing and assisted living facilities across the country. HealthDrive has more than 500 clinicians that serve more than 150,000 long-term care (LTC) residents each year across more than 3,800 facilities. With offices in Chicago and Nashville, Cressey & Company is a private equity firm focused on investing in leading healthcare services and information technology... Read More »
MyPlanAdvocate Acquires Eversurance
MyPlanAdvocate (MPA) announced its acquisition of Eversurance. Eversurance (formerly Crosspointe) is a provider of personalized insurance based in Cambridge, Massachusetts. It is focused on providing health and Medicine insurance products. A portfolio company of private equity firm Adir Ventures, MPA is a National Medicare Agency with a team of licensed and certified agents dedicated to advocating on behalf of its customers. This acquisition will allow MPA to expand into the under-65 health insurance market. The financial terms were not disclosed. According to data captured in the LevinPro HC database, this transaction is the 17th Managed Care acquisition of... Read More »
Medical Properties Trust Cuts Dividend in Half to Bolster its Balance Sheet
After several large-scale divestments, one of the largest hospital landlords in the country is cutting its dividend to investors by nearly 50%. Medical Properties Trust, Inc. (NYSE: MPW) announced on Monday that “its Board of Directors has adopted an updated capital allocation strategy designed to significantly strengthen its balance sheet.” The dividend will be slashed from $0.29 per quarter to $0.15, which, according to the company, should help reduce leverage and improve long-term debt and equity capital costs. This change follows a number of divestments from MPW’s portfolio after the past 18 months that have resulted in lower adjusted funds from operations, including its... Read More »
PeaceHealth Medical Group Acquires Northwest Surgical Specialists
PeaceHealth Medical Group announced on August 18 it acquired Northwest Surgical Specialists for an undisclosed amount. Northwest Surgical Specialists operates out of one Oregon location. According to its website, the practice has seven physicians on staff. PeaceHealth, based in Vancouver, Washington, is a Catholic health system offering care to communities in Washington, Oregon and Alaska. PeaceHealth has approximately 16,000 caregivers, more than 1,200 providers and 10 medical centers serving both urban and rural communities throughout the Northwest. This acquisition follows decades of collaboration between PeaceHealth and Northwest Surgical Specialists, strengthening both company’s... Read More »
LEO Pharma Acquires Timber Pharmaceuticals
LEO Pharma A/S announced on August 21 it acquired Timber Pharmaceuticals LLC, a biopharmaceutical company focused on developing and commercializing treatments for orphan dermatologic diseases. Timber Pharmaceuticals’ lead investigational product candidate, TMB-001, is a topical reformulation of the active ingredient, isotretinoin, which is aimed at treating congenital ichthyosis, a rare skin disease with significant unmet needs and no approved prescription therapies available. Founded in 1908, LEO Pharma A/S is owned by the LEO Foundation, one of Denmark’s largest commercial foundations. LEO Pharma is a specialty pharmaceutical company focused on dermatology, and markets products in more... Read More »
M3 Acquires NHS Staffing Platform Messly
M3, Inc., a Japanese healthcare investment firm, is acquiring Messly, a London-based company which aims to combat NHS staffing shortages. Christopher Kurwie and Abrar Gundroo, founders of Messly, have sold their businesses to M3 for an undisclosed price. The pair had jointly control just under 50% of the share capital of Messly, which they founded in 2017. Messly is a recruiting marketplace platform for U.K. doctors, for surgeries and hospitals to hire locums, or temporary doctors, at short notice. According to the press release, around 70% of trainee doctors in the United Kingdom have registered with Messly. M3, Inc. is. The company was founded in 2000 and is headquartered in Tokyo. M3,... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
