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Viemed Healthcare Acquires Home Medical Products, Inc.

Viemed Healthcare Acquires Home Medical Products, Inc.

Viemed Healthcare, Inc. announced on April 18 that it has entered into a definitive agreement to acquire Tennessee-based Home Medical Products, Inc. (HMP). The transaction is expected to close in June 2023 with a purchase price of approximately $31.75 million, adjusted for net working capital and other customary closing adjustments. Viemed expects to fund the acquisition through a combination of cash on hand and borrowings from its existing undrawn credit facilities. Founded in 2004, HMP is a regional provider of respiratory focused home medical solutions. In 2022, HMP generated net revenues of approximately $28 million and adjusted EBITDA of approximately $6.8 million. Viemed Healthcare,... Read More »
Canada Diagnostic Centres Acquires Women’s Ultrasound Clinic

Canada Diagnostic Centres Acquires Women’s Ultrasound Clinic

Canada Diagnostic Centres announced on April 18 the acquisition of Women’s Ultrasound Clinic, a leading women’s ultrasound provider in Ottawa. This strategic acquisition signifies Canada Diagnostic Centres’ entry into Ontario, and simultaneously broadens the scope of its women’s imaging services. Financial terms of the deal were not disclosed. Established by Dr. George Tawagi, Women’s Ultrasound Clinic runs two centers in Ottawa and is run by a group of dedicated doctors, sonographers and support staff. Canada Diagnostic Centres is a leading provider of medical imaging services in Canada. The company has 28 clinics in Alberta, nine clinics in Saskatchewan and... Read More »
Smile Doctors Acquires Six Orthodontic Practices

Smile Doctors Acquires Six Orthodontic Practices

Smile Doctors, a portfolio company of Linden Capital Partners and Thomas H. Lee Partners, announced on April 18 that it acquired six orthopedic practices.  Johnson Orthodontics is based in Waukee, Idaho and is run by Dr. Michael Johnson. With one Colorado Springs location, Johnson Orthodontics is run by Dr. Warren Johnson. Imagine Braces offers orthodontic care out of one Colorado location. It has three doctors on staff. Henneberry Orthodontics is run by Dr. Michael Henneberry and operates out of Ponca City and Stillwater, Oklahoma. Operating out of three locations in Oklahoma, Craig and Streight Orthodontics is run by a team of three physicians. Modern Orthodontics is run by Dr. Alan... Read More »
CorticaCare acquires Springtide Child Development and Melmed Center

CorticaCare acquires Springtide Child Development and Melmed Center

CorticaCare announced on April 18th that it acquired two Behavioral Health Care (BHC) organizations: Springtide Child Development and Melmed Center.  Springtide Child Development offers family-centered, collaborative care for children with developmental delays and disabilities. Its services include ABA, speech, occupational and physical therapies. It has three locations in Connecticut and three in Massachusetts. Melmed Center provides a compassionate, state of the art approach to the assessment and treatment of behavioral, educational and developmental challenges in children and adults up to the age of 21 years old. CorticaCare’s doctors provide diagnoses for autism, ADHD,... Read More »

Ivy Fertility Acquires Virginia Fertility & IVF

Ivy Fertility, a portfolio company of New York-based private equity firm InTandem Capital Partners, announced on April 17 that it acquired Virginia Fertility & IVF.  Virginia Fertility & IVF is a Charlottesville, Virginia-based reproductive health, infertility and IVF practice led by Christopher Williams, M.D., Laura Smith, M.D. and Linnea Goodman, M.D. FACOG. The practice’s physicians have faculty appointments at the University of Virginia and residents train onsite at Virginia Fertility & IVF. Ivy Fertility is recognized as pioneers and innovators in the field of advanced reproductive technologies, in vitro fertilization, third-party reproduction, andrology and... Read More »
Merck Acquires Prometheus Biosciences for $10.8 Billion

Merck Acquires Prometheus Biosciences for $10.8 Billion

Merck & Co., Inc. announced on April 17 that it will acquire, through a subsidiary, Prometheus Biosciences for $200.00 per share for a total equity value of approximately $10.8 billion. The transaction is expected to close in the third quarter of 2023. Morgan Stanley & Co. LLC acted as financial advisor to Merck and Paul, Weiss, Rifkind, Wharton & Garrison LLP as its legal advisors. Centerview Partners LLC and Goldman Sachs acted as financial advisors to Prometheus and Latham & Watkins LLP as the company’s legal advisor. Prometheus Biosciences is a clinical-stage biotechnology company pioneering a precision medicine approach for the discovery, development and... Read More »
Newmark Facilitates Recapitalization of Boston Life Sciences Building

Newmark Facilitates Recapitalization of Boston Life Sciences Building

Newmark has arranged the recapitalization of 15 Necco Street, a 345,995-square-foot Class A life science asset currently being developed in the Seaport District of Boston. Newmark represented the partial interest seller, an Alexandria Real Estate Equities, Inc. affiliate and National Development, and procured the partial interest buyer, Mori Trust Co., Ltd.’s U.S. subsidiary, MORI America LLC. The recapitalization is the largest single-building life science transaction in the United States year-to-date and Mori Trust’s first life science transaction in the United States, according to data from Irving Levin Associates, LLC. The laboratory/office component of 15 Necco Street will be fully... Read More »
Verisma and ScanSTAT Announce Merger

Verisma and ScanSTAT Announce Merger

Verisma Systems, a portfolio company of private equity firm NewSpring Capital, and ScanSTAT announced a merger of the two companies, creating a new market leader in Release of Information (ROI). NewSpring Healthcare, NewSpring’s healthcare strategy and an existing investor in Verisma, provided funding to facilitate the transaction. Guggenheim Securities, LLC acted as exclusive financial advisor to ScanSTAT. Financial terms of the deal were not disclosed. ScanSTAT Technologies is a medical records release and disclosure management company. ScanSTAT specializes in ROI solutions for physician groups, ambulatory services, health systems and hospitals with expanded health information management... Read More »
Main Street Therapy Partners Adds Sternen Physical Therapy Clinic in Beachwood, Ohio

Main Street Therapy Partners Adds Sternen Physical Therapy Clinic in Beachwood, Ohio

Main Street Therapy Partners has announced its recent acquisition of Beachwood, Ohio-based Sternen Physical Therapy, as well as its brand, Cleveland BodyWise. With Main Street Therapy Partners’ support, the Beachwood clinic will continue to operate under its current name and brand, while benefiting from Main Street Therapy Partners’ industry experience and operational, clinical and administrative resources. This acquisition solidifies Main Street Therapy Partners’ commitment to expanding its footprint and providing care to patients across the country. Financial terms of the deal were not disclosed. Founded in 1998, Sternen Physical Therapy’s team specializes in general orthopedic... Read More »
Rising Medical Solutions Announces Acquisition of Preferred Disability Management

Rising Medical Solutions Announces Acquisition of Preferred Disability Management

Rising Medical Solutions announced on April 12 the acquisition of Preferred Disability Management (PDM), a regional case management company headquartered in Carmel, Indiana. PDM’s services supplement Rising’s own portfolio and include telephonic, field-base and catastrophic case management services as well as medical record analysis, physician peer reviews, triage services, independent medical evaluations, life care planning, medical cost projections for setting reserves and return to work assessments. With the acquisition of PDM, Rising reinforces its delivery of full-service managed care solutions to the national marketplace while deepening its Midwest presence. Financial... Read More »