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Webster Equity Partners-Backed CVAUSA Acquires Shore Heart Group
Cardiovascular Associates of America (CVAUSA), a portfolio group of private equity firm Webster Equity Partners, announced on June 8 that it acquired Shore Heart Group for an undisclosed price. Shore Heart Group provides cardiac care across seven locations in New Jersey. According to its website, the practice is run by 23 physicians and eight physician assistants. CVAUSA is a physician management services organization headquartered in Celebration, Florida. Through CVAUSA’s physician-centered practice management model, physicians drive clinical care and their practice culture, while benefiting from the business expertise and shared resources available through CVAUSA. This... Read More »
PSG Acquires Loopback Analytics
PSG, a growth equity firm, announced on June 8 that it acquired Loopback Analytics. According to data captured from the LevinPro HC database, this transaction marks the 128th eHealth acquisition of 2023, and the 21st in the analytics specialty. Founded in 2009, Loopback Analytics is a leading provider of data analytics and insights that simplify understanding, access and innovation for patients requiring specialty care. According to its website, Loopback serves more than 40 health system clients, more than 250 hospitals and millions of patients nationwide. PSG partners with middle-market software and technology-enabled service companies to help them navigate transformational growth,... Read More »
Dallas County Hospital Acquires Broadlawns Dallas Center Clinic in Iowa
Dallas County Hospital announced the acquisition of Broadlawns Dallas Center Clinic in Dallas Center, Iowa. The transition will take effect Monday, July 3. Broadlawns Dallas Center Clinic provides comprehensive individual and family healthcare for patients of all ages. According to its website, the center has one provider and one physician assistant on staff. Originally known as the King’s Daughter’s Hospital, Dallas County Hospital was founded in 1954 and is a 25-bed critical access hospital serving patients from Dallas, Greene, Guthrie and Boone counties. Located in Perry, Iowa, Dallas County Hospital is run by Mercy Medical Center. The clinic will now be called DCH Family... Read More »
Inova Health System Acquired Northern Virginia Pulmonary and Critical Care Associates
Inova Health System announced on June 6 that it acquired Northern Virginia Pulmonary and Critical Care Associates. Northern Virginia Pulmonary and Critical Care Associates provides pulmonary care in Virginia. Per its website, the practice is run by nine physicians and one physician assistant. It operates out of two locations. Inova Health System is a five-hospital system with a total of 1,500 beds, 28 outpatient sites and a home health care agency. According to its FY 2022 earnings report, Inova generated a revenue of $2.7 billion annually during 2022. This transaction created Inova Pulmonology, a division specializing in lung diseases and related care. The financial terms were... Read More »
PSG-Backed DoseSpot Acquires pVerify
DoseSpot, backed by growth equity firm PSG, announced on June 7 it has acquired pVerify for an undisclosed price. According to data captured in the LevinPro HC database, this acquisition marks the 123rd eHealth transaction of 2023. pVerify’s solution streamlines the front-end patient eligibility verification process, helps patients access necessary care and aims to reduce overall healthcare costs. The company was founded in 2006. DoseSpot provides e-prescription software, enabling clinicians to write and transmit prescriptions to pharmacies electronically. The DoseSpot solution eases the administrative burden of the prescription life cycle by integrating with electronic medical... Read More »
Balance Health Merges with Weil Foot & Ankle Institute
On June 6, Balance Health and Weil Foot & Ankle Institute (WFAI) announced a merger between the two organizations. WFAI is a premier provider of podiatric care. According to its website, the company operates out of 26 locations in Illinois, Wisconsin, Michigan and Virginia. WFAI is run by 52 providers. Balance Health is one of the nation’s premier comprehensive lower-extremity focused managed services organizations. According to its website, it operates out of 28 locations. With this merger, the companies have formed the largest majority physician-owned podiatric medical organization in the United States, according to the press release. According to data captured in the LevinPro... Read More »
Hospitals Partnering with Private Equity: A Strategic Realignment
Levin Associates attended AHLA’s Health Care Transactions Conference on April 17-19, 2023, and the insights shared below are from panel discussions our writer observed in person and from follow-up conversations with panelists. Partnerships with private equity-backed groups and other non-traditional healthcare entities have created new opportunities for hospital systems to be even more strategic about their operations. One of the recurring themes discussed at the AHLA conference was that many traditional health systems are dealing with cash flow problems – and that partnerships with third-party groups represent a potential solution. As referenced in our previous article “A Growing Trend:... Read More »
KKR-Backed Covenant Physician Partners Adds a New ASC in Southern California
Covenant Physician Partners, a portfolio company of KKR, announced on June 6 its merger with Wilshire Center for Ambulatory Surgery. Wilshire Center for Ambulatory Surgery is an ambulatory surgery center (ASC) in Los Angeles, California. The ASC has two operating rooms. Covenant Physician Partners is a national physician services organization operating in 20 states in partnership with 70 practices and nearly 850 providers. It delivers a full range of administrative and clinical support functions to its partnered physicians and their staff. Covenant provides patient care in nine ASCs and seven physician practice locations throughout California. The addition of the Los Angeles MOB expands... Read More »
Doctor Care Anywhere Sells GP2U Telehealth to My Emergency Doctor
Doctor Care Anywhere Group (DCA) announced this week that it is selling GP2U Telehealth to My Emergency Doctor. GP2U Telehealth is an Australian provider of virtual GP services through the brand GP2U and tele-mental health services through the Psych2U brand. DCA acquired GP2U Telehealth in September 2021, a year after GP2U went public in Australia. Founded in 2016, My Emergency Doctor provides acute care after hours via video and phone across regional Australia. The company has partnerships with more than 40 healthcare services, including ambulances, primary health networks, residential aged care facilities, hospitals, urgent care centers and multi-purpose centers. DCA said it... Read More »Schedule a demo
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