Academic Medical Centers Push Further into the M&A Market
Health systems have kept busy in 2024, building up their hospital portfolio and expanding into the post-acute care space. Through October 31, they have announced 113 deals, which puts activity on pace to break the 2023 total of 117 deals. The uptick in activity can partly be attributed to investment strategies stemming from academic medical centers (AMCs), which have played a larger role in the healthcare M&A space over the past few years. In 2023, AMCs announced 22 deals; through October 31, there have already been 24 deal announcements. For context, in 2019, there were only 15 acquisitions from AMCs, most of them transactions for a single hospital. ... Read More »
MB2 Dental Enters 43rd State
MB2 Dental Solutions announced that it entered into its 43rd state with the acquisition of Wiemeyer Dentistry and Contemporary Prosthodontics, two separate dental practices that are both owned by Drs. Samuel R. Lee and Andrew S. Wiemeyer. The financial terms were not disclosed. According to its website, Contemporary Prosthodontics’ only physicians on staff are Drs. Lee and Wiemeyer, while Wiemeyer Dentistry has two additional physicians on staff. Both practices are based in Duxbury, Massachusetts. MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners since February 2021, partners with dentists and specialists. Founded in... Read More »
Health in Motion Expands Footprint in Wisconsin With New Acquisition
Health In Motion, part of the Confluent Health family, has announced the acquisition of Wisconsin-based Spooner and Hayward Physical Therapy & Wellness (SHPT). SHPT is a therapist-owned physical therapy practice providing care to patients in Spooner, Wisconsin and Hayward, Wisconsin. Health In Motion is a private physical therapy practice group. The company owns 11 clinics across Wisconsin and Pennsylvania. Confluent Health, a portfolio company of Swiss-based private equity firm Partners Group, is a nationwide network of physical and occupational therapy companies at the forefront of advancing musculoskeletal solutions. This partnership will allow SHPT to maintain its same quality of... Read More »
Montecito Medical Acquires MOB in St. Louis MSA
Montecito Medical Real Estate, a leading buyer of medical outpatient properties nationwide, announced the purchase of a medical outpatient building (MOB) in the St. Louis, Missouri, MSA. The transaction was announced by Montecito Medical on November 8, 2024. The 22,100-square-foot MOB is fully occupied by St. Louis Heart & Vascular, a full-service cardiology and vascular practice. Financial terms of the deal were not disclosed. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5 billion in medical real estate. “We are excited to add this property to our... Read More »
Avid Bioservices to be Acquired by PE Firms in $1.1 Billion Transaction
Avid Bioservices, Inc., GHO Capital Partners LLP and Ampersand Capital Partners announced that they have entered into a definitive merger agreement for Avid to be acquired by funds managed by GHO and Ampersand in an all-cash transaction valued at approximately $1.1 billion. The transaction is expected to close in the first quarter of 2025. Avid Bioservices is a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing its services to biotechnology and pharmaceutical companies. According to its most recent annual report, Avid Bioservices’ revenue during the fiscal year (FY) ended April 30, 2023 was $149.3 million, and... Read More »
Behind the Deal: HREA Secures Buyer for Chapel Hill MOB in 1031 Exchange Deal
HREA | Healthcare Real Estate Advisors announced that it procured an all-cash 1031 exchange buyer for the sale of a Chapel Hill, North Carolina medical outpatient building (MOB). We spoke with Christopher Stai, Managing Director of HREA, who was able to provide insight into the transaction. HREA, based in Raleigh, North Carolina, with offices in San Diego and Denver, is a leading advisor in the healthcare real estate sector, specializing in providing healthcare providers, investors and developers with acquisition, disposition and capitalization strategies throughout the United States. The MOB is 100% leased and occupied by UNC Physicians Network, a healthcare network of more... Read More »
PE-Backed Choice Health at Home Bolsters Oklahoma Footprint With Accentra Home Health and Hospice
Private equity-backed Choice Health at Home announced that it is acquiring the Oklahoma City-based Accentra Home Health and Hospice. Accentra Home Health and Hospice is dedicated to providing home health and hospice services to patients across Oklahoma. Accenture’s growing network can admit patients in the cities and towns surrounding Oklahoma City, Tulsa, Kingfisher, Henryetta, Norman, Duncan, Chickasha and Enid. Choice Health at Home, a portfolio company of Coltala Holdings and backed by Trive Capital, was founded in 2008 as a rehabilitation service provider, entered home health in late 2012 and launched its hospice segment in 2018. The company provides a broad spectrum of... Read More »
Cencora Picks Up Texas-Based MSO Platform Retina Consultants of America
Cencora, Inc. announced on November 6 that it has entered into a definitive agreement to acquire Retina Consultants of America (RCA) from Webster Equity Partners. Cencora will acquire RCA for approximately $4.6 billion in cash, subject to a customary working capital and net debt adjustment. RCA is a new specialty platform created by the acquisition and merger of Retina Consultants of Houston, Retina Group of Florida, Long Island Vitreoretinal Consultants and Retinal Consultants (Northern California). RCA is a Southlake, Texas-based management services organization (MSO) of retina specialists. Cencora, formerly known as AmerisourceBergen, is an American drug wholesale company and a contract... Read More »
Behind the Deal: Agenda Health Advises Angels Crossing Home Hospice in Sale to Mission Health Services
Agenda Health, a healthcare-focused M&A advisory firm, recently played a key role in the acquisition of Angels Crossing Home Hospice, a Utah-based hospice provider, by Mission Health Services. This strategic acquisition allows Mission Health Services to enhance its hospice care offerings within Utah. Angels Crossing Home Hospice, headquartered in Midvale, Utah, focuses on bringing meaning and fulfillment during the final stage of life, in addition to providing comfort and symptom management related to a patient’s illness. Mission Health Services, also based in Utah and founded in 1990, is a non-profit organization offering skilled nursing, rehabilitation, assisted living, memory care... Read More »Schedule a demo
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