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Autism Behavioral Institute Receives Significant Investment from Decathlon Capital Partners
Autism Behavioral Institute (ABI) has announced a revenue-based investment from Park City, Utah-based private equity firm Decathlon Capital Partners. Headquartered in Charlotte, North Carolina, ABI provides ABA therapy and testing and evaluation services for children with autism. ABI has 11 centers across South Carolina, Washington D.C., Virginia, North Carolina, Georgia and Maryland. ABI provides individualized ABA treatment for children in home, school, and community settings. Additionally, it offers diagnostic evaluations for autism and parent participation training. Decathlon Capital Partners is a leading provider of financing solutions and growth capital for companies seeking flexible... Read More »
Molina Healthcare Acquires Bright Health’s California Subsidiaries
Molina Healthcare, Inc. announced on June 30 that it has entered into a definitive agreement to acquire 100% of the issued and outstanding capital stock of Bright Health’s California subsidiaries, Brand New Day and Central Health Plan of California. The purchase price for the transaction is approximately $510 million, which Molina intends to fund with available funds including cash on hand. The transaction is expected to close in the first quarter of 2024. Universal Care, doing business as Brand New Day, was founded in 1983 by the Davis family to improve health outcomes through an emphasis on complex care management, population health and strong relationships between patients and... Read More »
Baudax Bio Acquires TeraImmune
Baudax Bio, Inc. announced on June 30 that it acquired TeraImmune, Inc. TeraImmune is a privately held biotechnology company working on cell therapies for autoimmune diseases. Key technical assets of TeraImmune include expansion of human regulatory T cells in vitro and receptors targeting pathological immune cells (T cell/ B cell/ antigen presenting cell). Baudax Bio is a specialty pharmaceutical company focused on developing and commercializing products for acute care settings. The company has multiple non-opioid therapeutics in clinical development for the treatment of pain conditions and is currently promoting their lead product, ANJESO™, indicated for use in adults for the... Read More »
Addus HomeCare Acquires Tennessee Quality Care
Addus HomeCare Corporation announced that it has acquired Tennessee Quality Care in Parsons, Tennessee for $106 million. Formerly owned by American Health Partners, Tennessee Quality Care is a home health, hospice and private duty nursing provider in Tennessee. Tennessee Quality Care serves an average daily census of about 1,800 patients through 17 locations. According to the press release, Tennessee Quality Care has approximately $40 million in annualized revenues. Addus HomeCare is a provider of home care services that primarily include personal care services that assist with activities of daily living as well as hospice and home health services. Addus HomeCare provides home care... Read More »
Cardiovascular Associates of America Partners With Bay Area Cardiology Associates
Cardiovascular Associates of America (CVAUSA), a portfolio group of private equity firm Webster Equity Partners, has acquired Bay Area Cardiology Associates P.A. for an undisclosed price. Westcove Partners acted as the exclusive financial advisor to Bay Area Cardiology in the partnership. Bay Area Cardiology is a cardiovascular group practice with four locations across the Tampa MSA. Bay Area Cardiology has served patients in the region for more than 30 years. According to its website, the practice has 15 providers on staff. CVAUSA is a physician management services organization headquartered in Celebration, Florida. Through CVAUSA’s physician-centered practice management model, physicians... Read More »
Luciole Medical Acquires Spiegelberg
Luciole Medical AG, a Swiss medical technology company, announced on June 27 that it acquired Spiegelberg GmbH & Co. KG from SHS Capital. According to data captured in the LevinPro HC database, this transaction represents the 64th Medical Devices transaction of 2023. Spiegelberg develops, produces and distributes products for intracranial pressure measurement, cerebrospinal fluid drainage and IAP measurement in more than sixty countries. The company is based in Hamburg, Germany. SHS Capital is a private equity firm in Tübingen, Germany. It has approximately $272 million in assets under management. Luciole Medical AG is developing a unique next-generation platform of brain... Read More »
Orthopedic & Sports Physical Therapy Acquires Versailles Physical Therapy and Hand Clinic
Orthopedic & Sports Physical Therapy (OSPT), announced on June 26 that it acquired Versailles Physical Therapy and Hand Clinic. Versailles Physical Therapy and Hand Clinic provides physical therapy services to patients in Versailles, Kentucky. OSPT is a Kentucky-based, private physical therapy practice group. It is owned by Confluent Health, a subsidiary of private equity firm Partners Group. This acquisition brings OSPT’s presence to nine clinics across Kentucky and Indiana. The team at Versailles Physical Therapy and Hand Clinic will now have access to OSPT’s ecosystem of management services as well as education and musculoskeletal health resources. The financial terms of the... Read More »
Vitalis Acquires MOB in Tulsa, Oklahoma
Vitalis has acquired a 45,556-square-foot medical office building (MOB) in Tulsa, Oklahoma. The MOB is fully leased by three tenants, Oklahoma Heart Institute, Hillcrest HealthCare System and Lifestance Health. Oklahoma Heart Institute and Hillcrest HealthCare comprise 87% of the MOB. Services provided at the outpatient facility include a cardiac catheterization laboratory, imaging, electrophysiology and interventional cardiology. Vitalis is a vertically integrated real estate investment company focused on healthcare real estate investment sales, acquisitions and leasing across the United States. The MOB is strategically located less than a mile from Hillcrest Hospital South. Financial... Read More »
PE-Backed UnisLink Acquires RCM Provider HST
UnisLink has announced its acquisition of Healthcare Support Technologies (HST), a revenue cycle management (RCM) solutions provider based in New Brighton, Pennsylvania. HST provides medical billing, credentialing and medical coding services to independent physician practices, federally qualified health centers, rural health clinics and regional health systems across the United States. UnisLink, a portfolio company of Boston-based private equity firm Riverside Partners, is a national leader in revenue cycle and population health management services for independent physician practices. HST strengthens UnisLink’s position as a comprehensive provider of RCM solutions and expands the... Read More »Schedule a demo
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