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KKR-Backed Headlands Research Acquires AMCR Institute
Headlands Research, a portfolio company of KKR, announced the acquisition of AMCR Institute, which has been in operation for more than 20 years. AMCR Institute is an Escondido, California-based clinical research site specializing in metabolic, endocrine and other chronic conditions such as diabetes and obesity. The company is led by principal investigator Dr. Timothy S. Bailey, a board-certified endocrinologist. He and his staff have worked with thousands of volunteers in phase I-IV trials and have extensive experience with the evaluation of medical devices such as continuous glucose monitors. San Francisco-based Headlands Research is a globally integrated clinical trial site organization.... Read More »HCA’s Q2 Revenue Gets a Boost from Higher Patient Volumes
Despite industry headwinds, one of the country’s largest health systems reported higher revenues in its quarterly earnings. HCA, Inc.’s revenues in the second quarter of 2023 increased to $15.9 billion, compared to $14.8 billion in the second quarter of 2022, according to its newly released results. Net income totaled $1.193 billion, or $4.29 per diluted share, compared to $1.155 billion, or $3.90 per diluted share, in the second quarter of 2022. The second quarter of 2022 results included losses on sales of facilities of $32 million, or $0.11 per diluted share, and losses on retirement of debt of $78 million, or $0.20 per diluted share. For the second quarter of 2023, Adjusted EBITDA... Read More »
Community Health Systems Divests 3 Hospitals in Florida
Tampa General Hospital has agreed to buy three Florida-based hospitals from a subsidiary of Community Health Systems. The hospitals, which collectively make up the Bravera Health network, include 120-bed Bravera Health Brooksville in Brooksville, Florida, 128-bed Bravera Health Seven Rivers in Crystal River, Florida, 124-bed Bravera Health Spring Hill in Spring Hill, Florida, and their associated assets. The cash consideration is approximately $280 million, excluding anticipated purchase price adjustments for net working capital and the amount of capital leases assumed by the buyer. Total cash consideration to be received, inclusive of these items, is estimated to be... Read More »
ENT Partners Acquires Southern Indiana ENT and Indianapolis Sinus Center
On July 25, ENT Partners, a portfolio company of Candescent Partners, announced that it acquired two ear, nose and throat (ENT) practices; Southern Indiana ENT and Indianapolis Sinus Center. Southern Indiana ENT operates out of four locations in Indiana. According to its website, it has two physicians on staff. The one-physician practice of Indianapolis Sinus Center runs out of one location in Indiana. ENT Partners is a leading network of ENT and sleep providers. ENT Partners has achieved strong traction in the U.S. market and is focused on building on this momentum by rapidly scaling its operations. This transaction represents ENT Partners’ fifth acquisition of the year,... Read More »
Teleflex Incorporated Acquires Palette Life Sciences for $600 Million
Teleflex Incorporated announced on July 26 that it acquired Palette Life Sciences AB for $600 million and up to an additional $50 million upon the achievement of certain commercial milestones. Palette Life Sciences is a fully integrated medical device company providing a wide range of products and services. Its portfolio of products focuses on treating conditions in urology/urogynecology disorders, colorectal conditions, radiotherapy and interventional oncology procedures. Headquartered in Stockholm, Sweden, the company operates offices in California, Texas, Australia and Japan. Palette Life Sciences is estimated to generate net sales of approximately $56 million, on a standalone basis, in... Read More »Economic Slowdown Putting Pressure on Rehabilitation
Over the last several quarters, M&A activity in the Rehabilitation sector has experienced a decline in deal volume. Throughout Q1:23, 15 transactions were reported and during Q2:23, only nine acquisitions were announced. This is a drastic comparison to the first half of 2022, when 28 Rehabilitation acquisitions were reported in Q1:22 and in Q2:22 there were 21 transactions. The deal volume of 2023 is even a significant dip from 2021, when there was a quarterly average of 23 transactions. Yet, the activity in the Rehabilitation sector has risen from 2020, averaging eight transactions across each quarter in 2020. The overall increase in deal activity is because of an aging... Read More »
Axxess Acquires EMR Provider Complia Health
Axxess announced on July 24 its acquisition of Complia Health for an undisclosed price. Headquartered in Schaumburg, Illinois, Complia Health is a leading provider of electronic medical record (EMR) solutions, technology and services for home care, home health and hospice agencies. Complia’s roster of clients includes some of the largest home health, home care, hospice and palliative care providers among its more than 200 clients with thousands of locations. Axxess is a leading home health technology company, providing a complete suite of innovative, cloud-based software and services, empowering healthcare providers with solutions to make lives better. The company is trusted by more... Read More »
JAG-ONE Physical Therapy Acquires NY Physical Therapy & Wellness
JAG-ONE Physical Therapy, a portfolio company of Pamlico Capital, announced on July 24 its acquisition of NY Physical Therapy & Wellness. NY Physical Therapy & Wellness is a physical therapy clinic with 13 locations throughout Long Island, Queens and the Bronx. JAG-ONE Physical Therapy is a comprehensive physical and occupational therapy company with more than 135 locations throughout New York City’s five boroughs, as well as in New Jersey, Westchester, Rockland, Long Island and Pennsylvania. JAG-ONE Physical Therapy specializes in general orthopedic, sports and soft tissue injuries with a personalized treatment plan for each patient. NY Physical Therapy &... Read More »
Aya Healthcare Acquires Polaris AI
Aya Healthcare, Inc. announced on July 20 its acquisition of Polaris AI for an undisclosed price. Polaris AI provides a machine learning platform that predicts future patient volume and staffing levels in clinical settings. Polaris AI facilitates accurate predictions of case volumes, enabling healthcare organizations to optimize staffing levels at the time when care is needed most. Aya Healthcare is one of the largest healthcare talent software and staffing companies in the United States. The company delivers every component of healthcare-focused labor services, including travel nursing and allied health, per diem, permanent staff hiring, interim leadership, locum tenens and non-clinical... Read More »Schedule a demo
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