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Labcorp Subsidiary Dynacare Acquires Valley Medical Laboratories
Dynacare, a subsidiary of Labcorp, announced its acquisition of Kelowna, Canada-based Valley Medical Laboratories for an undisclosed price, effective April 24, 2023. Dynacare CEO Vito Ciciretto said he’s looking forward to providing a bigger range of health care services to British Columbians. Dr. Jason Doyle, Valley Medical’s medical director, said the two companies have the same culture of service, making the union a natural fit. Valley Medical Laboratories is a series of physician-owned community laboratories that have served the Okanagan Valley since 1969. The firm worked with the British Columbia government to be the first laboratory to provide on-demand HIV testing in the... Read More »
CompuGroup Medical Acquires Majority Stake in m.Doc GmbH
CompuGroup Medical SE & Co. KGaA has acquired 51% of m.Doc GmbH for an undisclosed price. m.Doc develops patient portals and digital applications for hospitals, rehabilitation and care facilities. Founded in 2016, the company has offices in Cologne and Lisbon with around 110 employees. CompuGroup Medical provides electronic health solutions to healthcare providers through four segments: ambulatory information systems, pharmacy information systems, hospital information systems and consumer and health management information systems. With locations in 20 countries and products in 60 countries worldwide, CompuGroup Medical has a customer base of more than 1.6 million users, including... Read More »
Four Corners Property Trust Acquires a HCA Emergency Room property for $4.6 million
Four Corners Property Trust (FCPT) announced on April 20 the acquisition of a HCA Emergency Room property for $4.6 million. The property is located in a strong retail corridor in Texas and is occupied under a long-term, net lease with approximately nine years of term remaining. The transaction was priced at a 6.8% cap exclusive of transaction costs. FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. This marks... Read More »
Quadria-Backed HCAH Acquires Nightingales Home Health Services in India
Health Care At Home India Pvt. Ltd (HCAH), backed by Asia healthcare focused private equity firm Quadria Capital, has acquired Nightingales Home Health Services in a share swap deal. According to data captured in the LevinPro HC database, this acquisition represents the 28th Home Health & Hospice (HH&H) transaction of 2023. The acquisition aims to increase HCAH’s geographic footprint in India. With this acquisition, Nightingales’ co-founder, Vishal Bali, will join HCAH as a shareholder. Financial terms of the deal were not disclosed. Nightingales Home Health Services is a specialty home healthcare service provider in India with a focus on specialty home health services... Read More »
TPG and AmerisourceBergen Corporation Acquire OneOncology in $2.1 Billion Deal
TPG and AmerisourceBergen Corporation announced on April 20 that they have agreed to acquire OneOncology from General Atlantic, a leading global growth equity firm. The transaction is valued at $2.1 billion. J.P. Morgan Securities LLC is serving as the exclusive financial advisor to AmerisourceBergen, and Morgan, Lewis & Bockius LLP and Sidley Austin LLP are serving as AmerisourceBergen’s legal advisors. Debevoise & Plimpton LLP and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C are acting as legal advisors to TPG with Guggenheim Securities, LLC serving as an advisor to the firm. Centerview Partners is serving as the exclusive financial advisor to OneOncology and General... Read More »
UnitedHealth Group Revenues up 15%, Focus on Value-Based Care Pays Off
UnitedHealth Group Incorporated (NYSE: UNH), one of the largest health insurers in the United States, reported a positive performance in the first quarter of 2023, demonstrating balanced growth across its Optum and UnitedHealthcare business segments. The company’s revenue increased by 15% to $91.9 billion in Q1:23, and its adjusted earnings per share rose by 14% to $6.26 compared to the same period last year. Year-to-date, UnitedHealthcare also expanded its customer base, serving 1.2 million more people in the United States, with half of this growth coming from its commercial offerings. Additionally, the OptumHealth segment reported a significant increase in the number of patients... Read More »
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 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, 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 »Schedule a demo
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