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Montecito Medical Acquires Medical Office Portfolio in Indiana
Montecito Medical has completed the acquisition of a five-building medical portfolio in Elkhart, Indiana, marking its 16th deal of 2023. The buildings, which represent approximately 124,000 square feet, are 100% occupied by the Elkhart Clinic. With eight locations and 35 physicians on staff, the Elkhart Clinic is the area’s dominant family medicine practice. 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. Fairfield Advisors advised the seller and worked closely with Montecito to complete the transaction. The transaction builds... Read More »
NVISION Eye Centers Partners with Eye Institute of Corpus Christi
NVISION Eye Centers, backed by the Ontario Teachers’ Pension Plan, announced on May 5 that it entered into an agreement to partner with Eye Institute of Corpus Christi (EICC). According to data captured in the LevinPro HC database, this acquisition represents the 202nd Physician Medical Groups transaction of the year, and the 20th in the eye care specialty. EICC is operated by Dr. Kevin Voigt and Dr. Ravi Krishnan. The practice has one location in Corpus Christi, Texas. NVISION Eye Centers is a leading ophthalmology partner that operates ophthalmic physician groups across the United States. The company has more than 80 practices and 11 ambulatory surgery centers. Through this partnership,... Read More »
Team Select Home Care Announces Strategic Capital Investment from Court Square Capital Partners
Team Select Home Care (TSHC) announced on May 8 a strategic capital investment from Court Square Capital Partners. With Court Square’s partnership, Team Select Home Care will be well positioned to continue adding branches in select markets and serving current patients and communities. The existing sponsor, Tenex Capital Management, will continue to own a minority stake in the business. Cantor Fitzgerald & Co. served as financial advisor to TSHC. Financial terms of the deal were not disclosed. Headquartered in Phoenix, Arizona, TSHC operates in 11 states through 39 branches and serves more than 7,000 protected patients. The company provides long term, in-home care in the post acute... Read More »
Thurston Group-Backed ARC Health Acquires Positive Change Counseling Center
ARC Health, a Thurston Group portfolio company, has announced the acquisition of California-based Positive Change Counseling Center (PCCC). According to data captured in the LevinPro HC database, this acquisition marks the 25th Behavioral Health Care acquisition of the year, and the seventh in the counseling specialty. PCCC is a leading mental health practice in the San Diego and Ventura MSAs. Founded in 2006, PCCC has grown into four clinic locations, offering both in-person therapy and telehealth services. ARC Health is a mental health specialty services organization supporting psychiatry, psychology and therapy providers in multiple locations throughout the United States. ARC was formed... Read More »
April 2023 Healthcare M&A Market Update
According to recent data captured in the LevinPro HC database, the healthcare M&A market in April 2023 saw a total of 185 deals, an increase from the 169 deals in March 2023, yet a slight decrease from the 189 deals we saw in April 2022. The busiest sector in April 2023 was Physician Medical Groups (PMG), with 47 deals, followed by Other Services with 41 deals and eHealth with 24 deals. Private equity firms and their portfolio companies were responsible for acquiring 70 of the targets in April, making up 38% of all the deals announced during the month. One sector that saw a significant rise in deal totals was Medical Devices, with 12 deals announced in April 2023, compared to only... Read More »
The Pennant Group Acquires Colorado Home Health Provider
The Pennant Group, Inc. announced that it has acquired the assets of Benefit Home Healthcare and Benefit By Your Side, marking Pennant’s first transaction since its purchase of Kenosha Visiting Nurse Association, Inc. in November 2022. Benefit Home Healthcare and Benefit By Your Side provides skilled home health, private duty and community health services in Colorado Springs, Colorado. The Pennant Group is a holding company of independent operating subsidiaries that provide healthcare services through 97 home health and hospice agencies and 51 senior living communities located in Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington,... Read More »
MB2 Dental Solutions Acquires Three Dental Practices
MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners, announced its acquisition of three dental practices; Dehnert Dental in Tucson, Arizona, Angel Smile Pediatric in Wylie, Texas and Town Center Dental in Flint, Michigan. MB2 Dental Solutions partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery. These acquisitions expand MB2 Dental’s portfolio by six physicians and strengthen the company’s presence across the country. According to data captured in the LevinPro HC database, 193 Physician Medical Groups transactions have been announced in... Read More »
CVS Health Pauses M&A Strategy to Focus on Integration
After spending $8 billion to acquire healthcare service provider Signify Health and $10.6 billion for primary care provider Oak Street Health, retail giant CVS Health Corp. seems to be winding down its M&A strategy. CEO Karen Lynch told investors on May 3rd that CVS would pause its recent acquisition spree as it focuses on integrating its recent purchases. CVS will integrate Signify and Oak Street with its other businesses in the near term. Longer term, Lynch said, the company might look at additional opportunities in technology for home or health services. Lynch also said there’s an opportunity to “connect the dots” among itself and the two... Read More »
HouseWorks Announces Acquisition of Care and Help Home Care
HouseWorks, LLC announced on May 3 its acquisition of Care and Help Home Care. According to data captured in the LevinPro HC database, this marks the 31st Home Health & Hospice deal of 2023. This also marks HouseWorks’ second deal of the year. In February 2022, HouseWorks acquired the personal care division at Amedisys, Inc. for an undisclosed price. Amedisys was just acquired by Option Care Health in a deal valued at $3.6 billion. You can read more about that deal on the LevinPro HC platform here. Founded in 2017, Care and Help Home Care is a leading home care provider serving seniors across Philadelphia and Bucks County. In addition to its personal care services, Care and Help also... Read More »Schedule a demo
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