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Regard Recovery Acquires Three Addiction Treatment Centers
Vertava Health announced on May 15 that it sold three addiction treatment centers to Regard Recovery. The substance use disorder centers are now known as Texas Recovery Center in Scurry, Texas; Swift River in Cummington, Massachusetts; and The Bluffs in Sherrodsville, Ohio. The acquisition of these three centers is part of a scale-back and pivot strategy for Vertava Health as it will allow the company to expand its mental health business and adjust its addicted treatment business trajectory. The acquisition expands Regard Recovery’s state footprint. Before the deal, Regard Recovery operated in Florida, Kentucky, New Jersey, Pennsylvania, Tennessee and West Virginia. According to the... Read More »
Flagler Health+ and UF Health Strike Definitive Merger Agreement
After three months of negotiation, Flagler Health+ and UF Health have reached a definitive agreement to merge their two organizations together. Flagler Health+ operates a 335-bed acute-care general hospital from an 80-acre site just south of the city limits of St. Augustine, Florida. It also owns a home health network, the Outpatient Surgery Center of St. Augustine, LLC., Flagler Professional Health Services, Inc. and CF Management Administrative Company, LLC, which provides a variety of outpatient health and urgent care services to the surrounding community. Flagler had $355 million in revenue and $30.6 million in EBITDA, according to the health system’s annual report for the... Read More »
HCA Expands Acquires 41 FastMed Urgent Care Locations in Texas
The publicly traded health system HCA Healthcare, Inc. struck a deal to acquire 41 urgent care centers in Texas owned by FastMed. No financial terms were disclosed, but the transaction is expected to close this summer. The agreement includes 19 FastMed and 22 MedPost urgent care centers in Dallas, Austin, San Antonio, Houston, and El Paso. It does not include FastMed’s urgent care locations outside of Texas. According to the press release, once completed, the transaction will expand significantly HCA Healthcare’s urgent care operations, which currently comprise 268 clinics. In 2022, HCA announced two deals in the urgent care space: Bettermed in Virginia, and following that, MD Now Urgent... Read More »
ARC Health Acquires Silver Lake Psychology
ARC Health, a Thurston Group portfolio company, announced on May 15 that it acquired Silver Lake Psychology for an undisclosed price. Physician Growth Partners advised Silver Lake Psychology. Silver Lake Psychology cares for more than 100,000 patient visits annually and employs more than 400 providers. It has 15 offices in California, Colorado, Tennessee, Virginia and Washington D.C. ARC Health is a mental health specialty services organization supporting psychiatry, psychology and therapy providers in multiple locations throughout the U.S. ARC was formed in 2021 in partnership with outpatient mental health provider Advanced Recovery Concepts. The company has more than 320 providers... Read More »
Dental Care Alliance Welcomes Lakeview Dental Care to Portfolio
Dental Care Alliance (DCA), a portfolio company of New York-based private equity group, Harvest Partners, announced its acquisition of Lakeview Dental Care. Founded in 1998 by Dr. Mark Arooni, Lakeview Dental Care is a general dentistry practice located in Chandler, Arizona. Founded in 1991 and headquartered in Sarasota, Florida, DCA is a multi-branded dental support organization with more than 400 affiliated dental offices and 900 dentists across 22 states. DCA’s allied practices represent all dental specialties and treat patients under more than 150 brands. This affiliation continues DCA’s rapid growth and momentum and expands its footprint in Arizona to five allied practices. Financial... Read More »
Nomi Health Acquires Phoenix-Based I Am Wellness
Nomi Health, a nationwide healthcare programs and payments company based in Orem, Utah, announced on May 17 its acquisition of Phoenix-based I Am Wellness. According to data captured in the LevinPro HC database, this acquisition marks the 27th BHC acquisition of the year, and the sixth in the substance use disorder specialty. The acquisition expands patient access to critical opioid use disorder and substance use disorder treatments while driving down care costs for local cities, counties and employers with Nomi’s whole-person and recovery-oriented program for treatment and recovery. Nomi Health’s public health expertise will bolster I Am Wellness’ reach and impact by expanding its network... Read More »
Orthopedic Care Partners Acquires Advanced Pain Medical Center
On May 16, Orthopedic Care Partners (OCP), a portfolio company of Los Angeles-based middle market private equity firm Varsity Healthcare Partners, announced that it acquired Newberry, Florida-based Advanced Pain Medical Center. Established in 2014, Advanced Pain Medical Center is led by founder Brent Stewart, MD, MBA. The company’s team of specialists focuses on providing personalized, comprehensive care for patients suffering from a wide range of pain-related conditions. OCP is a strategic partner and support organization for top-performing orthopedic practices currently comprising The Orthopaedic Institute (FL), The Steadman Clinic (CO), Motion Orthopaedics (MO), Tucson Orthopaedic... Read More »
Thurston Group-Backed ARC Health Acquires Denver Wellness Associates
ARC Health, a Thurston Group portfolio company, has announced the acquisition of Denver Wellness Associates (DWA), a mental healthcare provider group located in Denver, Colorado. Clew Partners originated the transaction and served as buy-side advisor to ARC Health. Founded by Jeanne Theobald, MD, in 2016, DWA has grown into two clinic locations in the Denver MSA. With a team of more than 20 providers, DWA offers multiple service lines, to include therapy and ketamine services, as well as Transcranial Magnetic Stimulation. ARC Health is a mental health specialty services organization supporting psychiatry, psychology and therapy providers in multiple locations throughout the United States.... Read More »
Mixed Q1 2023 Results in the Diagnostics Sector: COVID-19 Testing Revenues Slump
The Diagnostics Market: Despite a bustling M&A market in 2022, the diagnostics sector appears to have experienced a slowdown in deal activity, though it still remains relatively strong compared with previous years. As of May 15, 2023, a total of 26 deals have been announced year-to-date. Although this represents a 42% decline compared to the 45 deals observed during the same period in 2022, it still signifies a substantial 44% and 86% increase from the deal count in 2021 and 2020, respectively. These figures highlight the enduring interest in the diagnostics market, which increased out of necessity during the COVID-19 pandemic and continues to drive investment and strategic... Read More »Schedule a demo
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