Pharos Capital Group Invests in Renal Care 360°
Pharos Capital Group, LLC, a middle-market private equity firm based in Dallas and Nashville, announced on September 12 a significant investment in Renal Care 360°, a nephrology practice and chronic care management company founded by renal care entrepreneur Joe Cashia. The size and terms of the transaction were not disclosed. This marks the fourth investment from Pharos’ latest flagship fund, Pharos Capital Partners IV, L.P. Pharos’ investment, along with additional equity investment from Renal Care 360°’s founding shareholders, will be used to support continued growth of the company’s RC360° Connected Care Program, geographic expansion through acquisitions and the... Read More »
CVS Dives into HH&H Market With $8 Billion Signify Health Acquisition
The retail pharmacy and healthcare giant CVS Health has struck an $8 billion deal to acquire Signify Health, one of the largest home health companies in the U.S. CVS will pay shareholders of Signify Health $30.50 per share. CVS Health expects to fund the transaction with existing cash from its balance sheet and other available resources. Private equity funds affiliated with New Mountain Capital, which owns approximately 60% of the common stock of Signify Health, have agreed to vote the shares they own in favor of the transaction. Signify Health’s network of clinicians, physicians, nurse practitioners and physician assistants utilize home-based visits to identify a patient’s clinical... Read More »
EyeSouth Partners Purchases Its First Ophthalmology Clinic in North Carolina
EyeSouth Partners, a portfolio company of Shore Capital Partners, announced on September 9 that it acquired Raleigh Ophthalmology for an undisclosed price. Provident Healthcare Partners and Husch Blackwell advised Raleigh Ophthalmology on the transaction. EyeSouth Partners has a network of nearly 30 practices with more than 245 doctors providing medical and surgical eye care services at more than 140 locations. EyeSouth supports its affiliated practices and physician partners with strategic guidance, administrative resources, operating expertise and capital. Raleigh Ophthalmology has three locations in the Raleigh, North Carolina, area and has 10 doctors. This is EyeSouth’s... Read More »
BrightView Health Acquires Corebella Health & Wellness
BrightView Health, a portfolio company of Shore Capital Partners, announced its acquisition of Corebella Health & Wellness on Sept. 7, marking the 74th Behavioral Healthcare (BHC) transaction of the year and 21st BHC acquisition of Q3:22. Founded in 2014, BrightView Health operates 64 locations in Ohio, Delaware, Kentucky, Virginia, North Carolina, Connecticut and Massachusetts. BrightView’s substance abuse treatment programs focus on meth addiction, heroin addiction, opioid addiction as well as Suboxone and Vivitrol treatment. Corebella Health & Wellness has locations in Tempe, Glendale and Scottsdale, Arizona. It was founded in 2015 and specializes in the... Read More »
HearingLife Purchases Several of Optimal Hearing’s locations in Southern United States
HearingLife announced its acquisition of Optimal Hearing Systems, Inc. locations in Georgia, Alabama, South Carolina and Florida on September 6. The financial terms of the deal were not disclosed. Optimal Hearing Systems, Inc. is headquartered in Savannah, Georgia and provides hearing aid services. It has locations in Georgia, Alabama, South Carolina and Florida. The company was founded in 1961. HearingLife is a national hearing care company and part of the Demant Group, a global leader in hearing healthcare built on a heritage of care, health, and innovation since 1904. HearingLife operates over 650 hearing care centers across 42 states. The acquisition further strengthens... Read More »
SOC Telemed Acquires Forefront Telecare
Herndon, Virginia-based SOC Telemed, a national provider of specialty acute care telemedicine services, announced on September 1 its acquisition of Hamilton Township, New Jersey-based Forefront Telecare. The transaction expands SOC Telemed’s behavioral health offering, provider network and clinical capabilities. In conjunction with the acquisition, SOC Telemed is being renamed Access TeleCare. Forefront Telecare will operate as an Access TeleCare company focused on behavioral health. MTS Health Partners, L.P. served as financial advisor and Sheppard Mullin served as legal counsel to Forefront Telecare. Kirkland & Ellis LLP served as legal advisor to SOC Telemed. Forefront Telecare is a... Read More »
PE-Backed Together Women’s Health Acquires Two Clinics
A portfolio company of Shore Capital Partners, Together Women’s Health (TWH), acquired OB/GYN clinics Northwestern Specialists for Women and North Shore Associates in Gynecology and Obstetrics. The acquisitions were announced on August 30 and neither price was disclosed. TWH is a management services organization that works for women’s health and OB/GYN providers. It supports affiliated practices and physician partners with strategic guidance, administrative resources, operational expertise and capital. Northwestern Specialists for Women is a health, obstetrics and gynecologic practice in Chicago with privileges at Northwestern Medicine Prentice Women’s Hospital. It has one... Read More »
EmpowerMe Wellness Acquires Therapy Provider ONR
St. Louis-based EmpowerMe Wellness, a healthcare provider serving senior living communities, on August 29 acquired ONR, an Austin, Texas-based provider of physical, occupational and speech therapy services in 27 states. Terms of the deal were not disclosed. The combined companies will serve communities across 36 states, including 100,000 older adults with 2,880 staff members. Founded in 2017, EmpowerMe Wellness describes itself as a tech-enabled, multiservice healthcare provider for senior living facilities, providing integrated therapy, diagnostic, pharmacy and primary care services for their residents. EmpowerMe Wellness has 1,100 employees and has grown from approximately 40 senior... Read More »