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Ventra Health Acquires ArcMed
On July 18, Ventra Health announced that it acquired ArcMed for an undisclosed price. ArcMed is an India-based billing and automation services organization. It provides revenue cycle management (RCM) services. Ventra Health is a healthcare organization focused on tech-enabled RCM, practice management and advisory solutions for hospital-based physicians. The company was founded in 2021 and is based in Dallas. The ArcMed acquisition will strengthen Ventra Health’s service performance and quality, optimize operational efficiencies and provide added scale for automation and growth. According to data captured in the LevinPro HC database, this transaction represents the 153rd eHealth... Read More »
Cardiovascular Associates of America Acquires Cardiovascular Associates
Cardiovascular Associates of America (CVAUSA), a portfolio company of Webster Equity Partners, announced on July 18 that it acquired Cardiovascular Associates. Cardiovascular Associates operates out of two locations in Florida: Orlando and Kissimmee. According to its website, the practice is run by nine cardiologists. CVAUSA is a physician management services organization headquartered in Celebration, Florida. Through CVAUSA’s physician-centered practice management model, physicians drive clinical care and their practice culture, while benefiting from the business expertise and shared resources available through CVAUSA. It was formed by Webster Equity Partners in 2021. Through this... Read More »
Urgent Care Group Acquires ParkMed Urgent Care
Urgent Care Group, backed by Capital Alignment Partners and Harbert Management Corporation, announced the acquisition of ParkMed Urgent Care in Alcoa, Tennessee. ParkMed Urgent Care has been providing urgent care, preventative care and occupational health services to the greater Knoxville and Blount County communities since 1989. Urgent Care Groupis creating the leading urgent care company by combining the best urgent care centers resulting in significant economies of scale, greater operating efficiencies and enhanced clinical quality. The Urgent Care Group network includes 56 centers operating as six brands: Covenant Health Urgent Care in partnership with Covenant Health in Tennessee,... Read More »
Anchor Health Properties Acquires MOB in Cumming, Georgia
Anchor Health Properties announced that it is acquiring a three-story, 91,940-square-foot Class A medical office building (MOB) in the Cumming submarket of Atlanta, Georgia. The facility was originally constructed in 2017 and sits adjacent to Northside Hospital Forsyth. The 80% occupied MOB offers a long-term, synergistic tenant ecosystem composed of prominent regional providers, including Resurgens Orthopaedics, GI North and North Atlanta Ear, Nose, Throat, and Allergy. Established in 1985, Anchor Health Properties is a national, full-service healthcare real estate development, management and investment company focused exclusively on healthcare facilities. Anchor has more than $2 billion... Read More »
Alcanza Clinical Research Acquires Florida-Based Accel Research Sites Network
Alcanza Clinical Research has announced its acquisition of Accel Research Sites Network for an undisclosed price. Accel Research Sites Network is a multi-specialty network headquartered in Florida, with additional sites in Alabama and Georgia. Accel’s network of 22 sites includes eight clinical research units and 14 embedded sites strategically placed in healthcare settings across the Southeast United States. Alcanza Clinical Research is a network of research facilities focused on bringing clinical trial opportunities involving life-changing treatments and vaccines to all patients, especially those from underrepresented communities. With locations in Alabama, Florida, Georgia,... Read More »
ArchiMed-Backed NAMSA Acquires CRI
NAMSA, a portfolio company of ArchiMed since September 2020, announced on July 18 its acquisition of Germany-based CRI. The addition of CRI to NAMSA is a significant move for NAMSA in Germany that enhances and expands its CRO offerings throughout Europe and across all markets. The price and terms of the transaction are undisclosed. CRI, The Clinical Research Institute, is a German-based full-service contract research organization (CRO) for phase III and IV clinical trials. NAMSA is a global medical device research company providing a range of services to improve efficacy, non-clinical and clinical safety of medical devices, IVDs and combination products. According to data captured in the... Read More »
Private Equity Activity Surges in Q2
Despite some market woes, private equity remained bullish in the healthcare market for the second quarter of 2023. Deal volume from PE hit 216 transactions, a significant increase from the 191 announced in the first quarter of 2023, according to data captured in the LevinPro HC platform. The surge in PE activity helped push overall M&A activity to 586 deals in Q2, an 8% jump from volume in the first quarter. The pace of M&A might come as a surprise, considering some of the headwinds in the industry. Labor issues and high-interest rates have persisted throughout the year, and new reimbursement changes have hit the industry, especially some industry giants. Envision Healthcare,... Read More »
UnitedHealth Group Reports 16% Growth YoY, Expanding Optum Network and Embracing Biosimilars
UnitedHealth Group Incorporated (NYSE: UNH), one of the largest health insurers in the United States, reported its second quarter financial results on Friday, July 14. When we covered UnitedHealth Group during the last earnings season, the company demonstrated positive performance and balanced growth across its Optum and UnitedHealthcare business segments. This trend seems to have persisted into Q2, with UnitedHealth Group continuing to report strong contributions from both segments, even as UnitedHealth continued to invest to support growth. During Q2:23, UnitedHealth reported group revenues of $92.9 billion, up 15.6% year-over-year and surpassing analysts’ estimates of $91 billion.... Read More »
Atlas Clinical Research Acquires Suburban Research Associates
Atlas Clinical Research announced the addition of Suburban Research Associates to its site network, marking the second clinical research site partnership for the platform. Atlas previously formed a strategic partnership with Rochester Clinical Research in April 2023. Specializing in psychiatric research, Suburban will seek to expand its research impact and leverage Atlas’ site connectivity to better serve trial patients. According to data captured in the LevinPro HC database, this transaction represents the 14th clinical trials acquisition of 2023. Founded in 1999 by Dr. Shivkumar Hatti, Suburban Research Associates is a clinical research site conducting psychiatric research from its... Read More »Schedule a demo
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