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MiCare Path Announces Acquisition of SmarTrac
MiCare Path is expanding across markets in need of musculoskeletal solutions by acquiring SmarTrac, the only “smart” patient compliance sensor on the market today, from OnTracMD. SmarTrac enables physicians, therapists, nurse case managers and adjustors to monitor critical elements of a home exercise program including compliance, therapy progress and outcome data. SmarTrac is FDA registered. MiCare Path has developed a reimbursable integrated mobile health platform designed to promote clinical efficiencies for patient experience. The company’s platform builds a connection with patients, guides on wellness, tracks patients’ clinical scores, activity levels and weight... Read More »
Biosynex Acquires ProciseDx
Biosynex SA announced on June 13 that it entered an agreement to acquire ProciseDx for an undisclosed price. According to data captured in the LevinPro HC database, this transaction represents the 68th Laboratories, MRI and Dialysis acquisition of 2023, and the 33rd in the diagnostic subsector. ProciseDx is an in vitro diagnostics company with a proprietary instrument platform and portfolio of point-of-care diagnostic tests. It is based in San Diego, California. Biosynex is a French market leader specializing in the design and distribution of rapid tests. Biosynex designs, manufactures and distributes Rapid Diagnostic Tests, as well as diagnostic equipment for healthcare... Read More »
Montecito Medical Acquires Northway Surgery and Pain Center Property for $5.5 Million
Medical real estate investment firm Montecito Medical announced its acquisition of the Northway Surgery and Pain Center property in Clifton Park, New York for $5.5 million. The 10,000-square-foot Northway Surgery and Pain Center building was constructed in 2014 for around $1 million. Northway Surgery is a joint venture between physicians at Albany & Saratoga Centers for Pain Management and New York Pain Management. The price is $550 per square foot. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. This is Montecito’s... Read More »
Australian Pharmaceutical Industries Acquires InstantScripts
Australian Pharmaceutical Industries (API), a wholly-owned subsidiary of Wesfarmers Limited since March 2022, is buying local telehealth business InstantScripts for A$135 million ($91 million). InstantScripts will become part of the Wesfarmers Health division, which has increased its focus on digital health since it formed in March 2022. Founded in 2018, InstantScripts is an online health clinic offering a range of digital services, including telehealth consultations, online prescriptions, medical certificates, blood test requests, health management plans and specialist referrals. The company also operates InstantCosmetics, which provides prescribing services and offers injectable products... Read More »
EyeSouth Partners Acquires Carolina Cataract & Laser Center and Eyecare Physicians & Surgeons
EyeSouth Partners, a portfolio company of Olympus Partners, announced on June 13 that it acquired two Charleston MSA-based eye care practices: Eyecare Physicians & Surgeons and Carolina Cataract & Laser Center. These acquisitions mark EyeSouth Partners’ entry in South Carolina as well as the company’s first acquisitions of 2023. The financial terms were not disclosed. Eyecare Physicians & Surgeons provides high-quality eye care services. According to its website, the practice operates out of three locations in the Charleston, South Carolina area and is run by two providers, Dr. Kent and Dr. Lally. Carolina Cataract & Laser Center operates three locations... Read More »
Thirty Madison Acquires Assets of The Pill Club
New York-based Thirty Madison, Inc. announced on June 14 that it purchased assets of The Pill Club for $32.3 million. This transaction follows The Pill Club’s Chapter 11 bankruptcy filing in April 2023 after the company faced Medicaid charges in California. The Pill Club is an online birth control and women’s health company that helps women access birth control and reproductive education. It was founded in 2016 in San Mateo, California. Thirty Madison is a premier healthcare company for people living with chronic conditions. In June 2021, it raised more than $210 million in Series C round funding led by investor HealthQuest Capital. Investors also included Mousse Partners,... Read More »
Ampersand Capital Partners Makes Growth Investment in NanoImaging Services
Ampersand Capital Partners has made a growth equity investment in NanoImaging Services, a leading provider of cryo-electron microscopy (cryo-EM) services to the pharmaceutical and biotechnology communities. Members of the NanoImaging Services management team joined Ampersand in the financing. NanoImaging Services will use this investment to support its worldwide growth initiatives, including expanding microscope capacity and adding complementary services to further serve the needs of existing and future customers. Financial terms of the deal were not disclosed. NanoImaging Services is a specialty contract research organization (CRO) that helps biopharma companies harness the power of... Read More »
Montecito Medical Acquires Two New Jersey MOBs
Montecito Medical Real Estate has acquired two medical office buildings (MOBs) in Livingston and New Providence, New Jersey from The Silverman Group. The two MOBs provide a range of medical services, including pediatrics, neurology, dermatology and radiology. The MOBs are fully leased to Summit Health, a healthcare provider serving the local communities. This acquisition marks Montecito’s entry into the New Jersey market. 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. The seller was represented by Cushman & Wakefield. The... Read More »
Medicare Is Driving the Shift to Value-Based Care
Takeaways from AHLA’s Health Care Transactions Conference Value-based care has arrived and it is here to stay. That was the consensus shared by panelists at the Health Care Transactions conference hosted by the American Health Law Association in April 2023 in Nashville. “Throughout my entire career, I’ve been hearing that value-based care is ‘maybe only five years away,’” Jim Cotelingam, the chief strategy officer for the Cleveland Clinic, said during the opening panel. “I’ve been hearing that for 25 years. But I think this time is actually different.” Levin Associates was in attendance at the conference and the insights shared below are from panel... Read More »Schedule a demo
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