Manhattan Psychology Group Joins ARC Health
ARC Health, a Thurston Group portfolio company, has announced the acquisition of Manhattan Psychology Group (MPG) for an undisclosed price. The transaction was facilitated by Mertz Taggart, a healthcare-focused M&A advisory firm, headquartered in Fort Myers, Florida. Established in 2011, MPG provides comprehensive psychological, behavioral and educational services in the New York City MSA. With more than 200 providers, including clinical psychologists, neuropsychologists, psychotherapists, board-certified behavior analysts and special education teachers, MPG provides wrap-around virtual and in-person support across all settings, including the office, home, school and community. ... Read More »
Smith+Nephew Acquires CartiHeal for $180 Million
After being acquired by Bioventus in April 2022 for $315 million upfront, CartiHeal is now changing hands. Smith+Nephew announced that it has entered into a definitive agreement to acquire CartiHeal, a privately held medical device company with headquarters in Israel. Under the terms of the agreement, Smith+Nephew will pay an initial cash consideration of $180 million at closing, and up to a further $150 million contingent on financial performance. CartiHeal develops proprietary implants for the treatment of cartilage and osteochondral defects in traumatic and osteoarthritic joints. The company has developed Agili-C, a novel sports medicine technology for cartilage regeneration... Read More »
Echo Real Estate Capital Acquires Carmel, IN Medical Office Building
Echo Real Estate Capital, Inc. announced it has acquired a 33,000-square-foot medical office building (MOB) located in the Penn Mark Plaza office park in Carmel, Indiana. The MOB is occupied by Ascension-St. Vincent, Turkle & Associates Center for Plastic Surgery and Abram’s Eyecare – a third-generation practice with three locations. Echo Real Estate Capital is a full-service real estate investment and development firm with a national platform specializing in build-to-suit development, value-add investments, sale/leasebacks and capital markets advisory services for healthcare providers, national retailers, industrial manufacturing and distribution companies and general... Read More »
BayCare Health Acquires 49-Physician Health Clinic
Clearwater, Florida-based BayCare Health System has announced that it is acquiring Gessler Clinic, a physician-owned medical group, effective December 2, 2023. Gessler Clinic is based in Winter Haven, Florida. The clinic has 49 physicians covering 24 specialties, according to its website. BayCare Health is a not-for-profit healthcare system that operates 16 hospitals and hundreds of outpatient locations throughout the Tampa Bay and central Florida regions. Most of the Gessler Clinic providers and team members will join BayCare, including BayCare Medical Group, Tampa Bay’s leading multi-specialty group. Financial terms of the deal were not disclosed. According to data... Read More »
Principle Health Systems Acquires BioStat Laboratory in Dallas
Principle Health Systems announced on November 20 the strategic acquisition of BioStat Laboratory for an undisclosed price. Founded in 2017, BioStat Laboratory provides comprehensive laboratory testing and mobile imaging in the Dallas MSA. Principle Health Systems is a healthcare service firm that offers medical diagnostics, pharmacy and laboratory testing services. The company specializes in mobile laboratory services for long-term care and home health patients, Principle Health Systems currently covers six major markets in Texas. James Dieter, CEO of Principle Health Systems, expressed enthusiasm about the acquisition, stating, “We are thrilled to welcome BioStat... Read More »
Alo Expands Avance Care Presence with Addition of Durham Family Medicine
Alo Solutions is continuing its growth by adding Durham Family Medicine to its lineup of primary care practices operating under the Avance Care banner. The addition marks the third Avance Care location in Durham and 33rd in North Carolina. Durham Family Medicine is a patient-centered medical practice located in Durham, North Carolina that specializes in family medicine. According to its website, the practice has one provider and three family nurse practitioners on staff. Alo is a physician enablement platform that provides solutions designed to support long-term practice sustainability. The company is headquartered in Durham, North Carolina and currently supports more than 30... Read More »
American Shared Hospital Services Expands Rhode Island Presence
American Shared Hospital Services (AMS) announced that it purchased two radiology practices from GenesisCare USA, Inc. Southern New England Regional Cancer Center, LLC provides radiology care from two locations in Rhode Island. The Woonsocket location does business as Landmark Radiation Therapy and the Warwick location does business as Maddock Radiation Therapy. There are three providers on staff. ProspectCharterCARE, LLC, which does business as Roger Williams Radiation Therapy, LLC, has one location in Providence, Rhode Island. According to its website, the radiology practice has one provider on staff. AMS provides turnkey technology solutions for advanced... Read More »
Merck Buys Caraway Therapeutics
On November 21, Merck & Co., Inc. announced that it was acquiring Caraway Therapeutics, a biotechnology company based in Cambridge, Massachusetts. The addition of Caraway Therapeutics will broaden Merck’s preclinical pipeline with a selection of programs aimed at Parkinson’s disease and beyond. Merck, through a subsidiary, will buy Caraway for a total potential consideration of up to $610 million, including an undisclosed upfront payment as well as contingent milestone payments. The upfront payment will be expensed by Merck in the fourth quarter of 2023 and included in non-GAAP results. Caraway Therapeutics’ approach leverages genetic data and unique biological... Read More »