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Kaiser Permanente Acquires Geisinger Health, Launching Risant Health
Kaiser Permanente announced on April 26 that it was acquiring Geisinger Health, which will join Risant Health, a new nonprofit organization created by the Kaiser Foundation Hospitals. Geisinger Health comprises 10 hospitals, as well as a health plan with more than half a million members. The Danville, Pennsylvania-based health system has 25,000 employees and more than 1,700 physicians. Kaiser Permanente is among the country’s largest nonprofit systems with 39 hospitals. Its operations span eight states coast to coast with roughly 13 million members who receive care through its integrated model. The organization reported $95.4 billion in operating revenue across 2022, as well as a $1.3... Read More »
Northgate Technologies Acquires Houston Startup Allotrope Medical
Illinois-based Northgate Technologies Inc. has announced its acquisition of Allotrope Medical to further its goal in optimizing the surgical environment for minimally invasive surgery. According to data captured in the LevinPro HC database, this acquisition represents the 39th Medical Devices transaction of the year. Allotrope Medical is a Houston-based startup that has designed an electrosurgical ureter identification system for optimizing surgery for both robotic and non-robotic laparoscopic procedures. The StimSite technology is a hand-held device used by general and OB/GYN surgeons and has received a Safer Technologies Program designation from the FDA. Allotrope Medical was founded in... Read More »
Telehealth Company eVisit Announces the Acquisition of Bluestream Health
eVisit, backed by Goldman Sachs Asset Management, announced on April 27 the acquisition of Bluestream Health for an undisclosed price. The addition of Bluestream Health brings to eVisit digital front door capabilities and integrated language services for patients to seamlessly access care. Bluestream Health is a virtual care platform designed to help healthcare facilities provide care and streamline workflows across scheduled and on-demand visits related to wound care, home health and behavioral care. Professionals can track sessions using reports and manage intake or triage across locations. eVisit is a virtual care operating platform for health systems and large, complex healthcare... Read More »
On Site Medical Acquires Tucson-Based 10-4 Medical
On Site Medical announced on April 25 its acquisition of 10-4 Medical, a healthcare provider based in Tucson, Arizona. During the transition, services for patients will continue without interruption. Patients will also have access to new services, including 24-7, on-site dispatched care, on-site training and education and on-demand telehealth. Financial terms of the deal were not disclosed. 10-4 Medical offers comprehensive occupational care, primary care, screenings and mental health services for first responders. On Site Medical is an Arizona-based provider of on-site occupational healthcare solutions including rapid response first aid for workplace injuries, on-site clinics for... Read More »
UNC Health Southeastern Sells Home-Based Hospice Program to Lower Cape Fear LifeCare
Lumberton, North Carolina-based hospital UNC Health Southeastern (UNC) will transfer ownership of its community-based hospice operations to Lower Cape Fear LifeCare, effective May 1, 2023. The hospital is located in Robeson County, North Carolina and will continue to offer inpatient services. Lower Cape Fear LifeCare will assist UNC by providing palliative care consultations within the hospital. The transfer of its home-based hospice services will free up more resources for UNC’s palliative care program, according to UNC Health Southeastern President and CEO Chris Ellington. The financial terms of the transfer include a sale of tangible assets for an undisclosed dollar amount, with no... Read More »
Sonic Healthcare Acquires Medical Laboratories Duesseldorf For $198 Million
Sonic Healthcare, Ltd. announced on April 26 that it made its second acquisition of the month by purchasing Medical Laboratories Duesseldorf (MLD) for approximately $199 million USD (converted from €180 million and AUD$297.6 million). The acquisition is expected to bring in revenues of more than $55.2 million in FY2024. This follows Sonic’s previous acquisition of German diagnostic company Diagnosticum for $209 million, marking the largest purchase price in the Laboratories, MRI and Dialysis sector of the year. Founded in 1968, MLD conducts diagnostics for sexually transmitted infections, gastrointestinal infections and respiratory infections. It employs 300 staff including 13... Read More »
Stonemont Financial Group Acquires Two Oncology Centers
Stonemont Financial Group announced it closed on the acquisition of two oncology centers in Greensboro and Hawkinsville, Georgia. Stonemont has plans to implement a capital improvement plan on the exterior of the buildings, which will increase the longevity of the properties for the tenant. Work will be completed within the next year. Terms of the deal were not disclosed. The two properties include an 11,271-square-foot comprehensive cancer treatment center at 1000 Cowles Clinic Way in Greensboro in the Lake Oconee community, and a 10,212-square-foot medical office building on the Taylor Regional Hospital Campus in Hawkinsville. Both buildings are fully occupied by Northside Hospital... Read More »
Humana’s CenterWell Home Health Acquires Trilogy Home Health
CenterWell Home Health, a subsidiary of Humana Inc., has agreed to acquire Trilogy Home Health in Florida. According to data captured in the LevinPro HC database, this acquisition represents the 29th Home Health & Hospice (HH&H) transaction of 2023. The acquisition will expand CenterWell Home Health’s presence in Florida. Financial terms of the deal were not disclosed. Based in West Palm Beach, Trilogy Home Health has 11 locations across Florida. The company provides home health care, personal care and care coordination services. CenterWell Home Health provides home health services to more than 350,000 patients each year via its 350-plus locations across 38 states. CenterWell... Read More »Summit Health Acquires High Desert Family Medicine
Summit Health announced on April 24 it acquired High Desert Family Medicine, a one-physician family medicine practice in Sunriver, Oregon. Summit Health is a not-for-profit healthcare system based in south-central Pennsylvania with locations in New York. It includes two acute-care hospitals, Chambersburg Hospital and Waynesboro Hospital, as well as several outpatient clinics and services, including Summit Health Primary Care. Summit Health said it will take over operations of the clinic. The acquisition of High Desert Family Medicine expands Summit’s presence to Oregon. The financial terms of the transaction were not disclosed. This transaction also marks Summit Health’s... Read More »Schedule a demo
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