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NexPoint Acquires Two Life Science Properties
NexPoint announced that it acquired two life science properties in Philadelphia from Frontida BioPharm, LLC for an undisclosed price. The properties were indirectly acquired by NexPoint Life Sciences II DST, a Delaware statutory trust seeking to raise $42 million in equity from accredited investors via a private placement offering. The two properties include nearly 18 acres of land and more than 250,000 square feet of interior space. The first property comprises R&D, production, and warehouse facilities capable of producing three billion tablets and capsules annually. The second property features distribution facilities and packaging capacity for four billion tablets and capsules... Read More »
MedVenture Health Acquires Canyon Labs
On May 16, MedVenture Health, a venture capital and private equity firm, announced it acquired Canyon Labs for an undisclosed price. According to the LevinPro HC database, this acquisition represents the 55th Laboratories, MRI and Dialysis transaction of the year. Canyon Labs provides laboratory testing, consulting, clinical research and Institutional Review Board services for pharmaceutical, nutraceutical and medical devices. It is based in Bluffdale, Utah. MedVenture partners with entrepreneurs, physicians and management teams to advance healthcare products, services and technologies. It is based in Salt Lake City, Utah and was founded in 2016. This marks MedVenture’s first... Read More »
Capitol Pain Institute Bolsters Presence in Texas With Recent Acquisition
Capitol Pain Institute (CPI) has acquired Balcones Pain Consultants and Water Leaf Surgery Center, adding three clinics and one ambulatory surgical center (ASC) in the Austin MSA to CPI’s national interventional pain management platform. Financial terms of the deals were not disclosed. Led by Matthew McCarty, M.D., Balcones Pain Consultants has locations in Austin, Cedar Park and Marble Falls, Texas. The clinics’ physicians are skilled in SI fusion, epidural injections, nerve blocks and the latest in minimally invasive spinal surgical techniques. According to the company’s website, there are three providers on staff. Water Leaf Surgery Center is a Medicare certified ASC in... Read More »
Aspirion Acquires FIRM Revenue Cycle Management Services
Aspirion announced on May 19 that it has acquired FIRM Revenue Cycle Management Services, Inc. for an undisclosed price. The acquisition closed on May 18, 2023. FIRM Revenue Cycle Management Services is an attorney-driven company that utilizes clinicians and case, contract and statutory law to assist hospitals in recovering denied, unpaid and underpaid medical insurance claims. Aspirion is a revenue cycle management (RCM) company that helps hospitals and physicians recover otherwise lost claims revenue from motor vehicle accidents, workers compensation, the Veteran’s Administration and Tricare as well as out-of-state Medicaid, Medicaid eligibility, underpayments and denials. New... Read More »
Forum Health Acquires Hormones by Design in Texas
Forum Health, LLC has acquired Hormones by Design for an undisclosed price. The deal increases Forum Health’s presence in Texas to seven clinics. Hormones by Design is a Texas-based healthcare provider specializing in hormone replacement therapy with four locations in Waco, San Antonio, Boerne and New Braunfels. Launched in June 2019, Forum Health is a provider of personalized healthcare. It provides members back-office support, electronic health records and other management services. Members have access to advanced medical treatments and technology, with care plans informed by data analytics and collaborative relationships. Forum Health plans to expand the Hormones by Design... Read More »
WELL Health Technologies Acquires MCI Medical Clinics
WELL Health Technologies announced on May 19 that it acquired MCI Medical Clinics (Alberta) Inc. (MCI AB) from MCI Onehealth Technologies Inc. The purchase price is approximately $1.48 million, or $2 million CAD. MCI AB owns and operates five primary care clinics in Alberta, Canada. Per the press release, the company has more than 50 physicians on staff. The clinics offer a range of primary care services, including family medicine, women’s health and other specialties. WELL Health Technologies is a digital health company that operates more than 30 health clinics in British Columbia, Quebec, Alberta and California. It also operates a national telehealth service and provides... Read More »
Regard Recovery Acquires Three Addiction Treatment Centers
Vertava Health announced on May 15 that it sold three addiction treatment centers to Regard Recovery. The substance use disorder centers are now known as Texas Recovery Center in Scurry, Texas; Swift River in Cummington, Massachusetts; and The Bluffs in Sherrodsville, Ohio. The acquisition of these three centers is part of a scale-back and pivot strategy for Vertava Health as it will allow the company to expand its mental health business and adjust its addicted treatment business trajectory. The acquisition expands Regard Recovery’s state footprint. Before the deal, Regard Recovery operated in Florida, Kentucky, New Jersey, Pennsylvania, Tennessee and West Virginia. According to the... Read More »
Flagler Health+ and UF Health Strike Definitive Merger Agreement
After three months of negotiation, Flagler Health+ and UF Health have reached a definitive agreement to merge their two organizations together. Flagler Health+ operates a 335-bed acute-care general hospital from an 80-acre site just south of the city limits of St. Augustine, Florida. It also owns a home health network, the Outpatient Surgery Center of St. Augustine, LLC., Flagler Professional Health Services, Inc. and CF Management Administrative Company, LLC, which provides a variety of outpatient health and urgent care services to the surrounding community. Flagler had $355 million in revenue and $30.6 million in EBITDA, according to the health system’s annual report for the... Read More »
HCA Expands Acquires 41 FastMed Urgent Care Locations in Texas
The publicly traded health system HCA Healthcare, Inc. struck a deal to acquire 41 urgent care centers in Texas owned by FastMed. No financial terms were disclosed, but the transaction is expected to close this summer. The agreement includes 19 FastMed and 22 MedPost urgent care centers in Dallas, Austin, San Antonio, Houston, and El Paso. It does not include FastMed’s urgent care locations outside of Texas. According to the press release, once completed, the transaction will expand significantly HCA Healthcare’s urgent care operations, which currently comprise 268 clinics. In 2022, HCA announced two deals in the urgent care space: Bettermed in Virginia, and following that, MD Now Urgent... Read More »Schedule a demo
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