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Enhanced Healthcare Partners Makes a Growth Investment in Janus Health
New York-based Enhanced Healthcare Partners (EHP) has made a strategic growth investment in Janus Health. Janus Health intends to use the investment for rapid market expansion, product development and go-to-market initiatives. Terms of the deal were not disclosed. Janus Health is a Chicago-based provider of healthcare revenue cycle management (RCM) technology. The company helps health systems and revenue cycle service companies understand, optimize and automate RCM workflow processes. Over the past 12 months, Janus has completed more than 500 million process events and automated more than 40 million transactions. EHP is a healthcare-focused private equity firm committed to partnering with... Read More »
Rising Interest Rates, Banking Uncertainty Could Limit Capital Needed for Healthcare Real Estate M&A Activity
While healthcare real estate has proven to be an increasingly attractive investment in recent years, mergers and acquisitions deal volume in 2023 may fail to reach last year’s record. “We believe that overall volume will be healthy given the continued demand for healthcare real estate, but will be lower than previous years’ historic highs,” said Cornerstone Companies senior vice president of investments Ted Baker. His company’s holdings include approximately 55 medical office buildings and surgery centers with an aggregate value above $500 million. “My guess is that we see less of [the] larger trades and more single-asset deals [and] lower overall volumes,” Baker said. There were 120... Read More »
INVO Bioscience Acquires Wisconsin Fertility Institute for $10 Million
INVO Bioscience, Inc. announced on March 20 that it acquired Wisconsin Fertility Institute, a three-physician practice in Middleton, Wisconsin, for $10 million. The deal is expected to close during the second quarter of 2023. The purchase price will be payable over a three-year period. There will be an initial $2.5 million due in cash at closing, with subsequent $2.5 million payments due annually for the following three years. Subsequent payments may be paid in cash or in shares of INVO common stock valued at $6.25, $9.09 and $14.29, for the second, third and final payments, respectively. Wisconsin Fertility Institute primarily offers conventional IVF procedures. It generated approximately... Read More »
Quest Diagnostics Completes Acquisition of Northern Light Laboratory
Quest Diagnostics announced on March 20 the completion of its acquisition of select assets of Northern Light Laboratory, the outreach laboratory services business of Northern Light Health, a large integrated healthcare system in Maine. The collaboration between the two parties is expected to enable physicians and patients throughout Maine to benefit from access to Quest’s test menu, network of patient access sites throughout the state, broad health plan coverage and lower out-of-pocket costs for many services. Quest’s laboratory in Marlborough, Massachusetts will provide the majority of advanced and routine clinical testing services for physicians and patients previously served... Read More »
Advanced MedAesthetic Partners Forms Partnership With Destination Aesthetics
Advanced MedAesthetic Partners (AMP) has formed a partnership with Destination Aesthetics, a medical spa in Northern California. This partnership with Destination Aesthetics represents a significant expansion for AMP in the state of California. Skytale Group acted as lead sell-side advisor to Destination Aesthetics. Terms of the deal were not disclosed. Destination Aesthetics is a medical aesthetics practice specializing in facial and body aesthetics with five locations throughout the Sacramento, California MSA. AMP is a platform of elite aesthetic practices throughout the United States. AMP offers support includes managerial, administrative, marketing, clinical training, information... Read More »
Vitreoretinal Consultants of New York Acquires Retina Consultations
Vitreoretinal Consultants of New York (VCR) announced on March 16 that it completed its acquisition of Retina Consultations. The new location will allow VRC to provide advanced retinal and macular care to patients in Westchester County, New York. The financial terms of the acquisition were not disclosed. Run by Dr. Charles Mango and Dr. Steven Bodine, Retina Consultations provides eye care from its location in Bronxville, New York. Founded in 1981, VRC is a retina practice serving Long Island and Queens, New York. It operates nine locations and has 17 physicians. According to data captured in the LevinPro HC database, this acquisition represents the 111th Physician Medical Groups and 11th... Read More »
Spotlight on Fertility Services and Investment
Fertility is one of the fastest-growing service lines in healthcare. Analysts agree that while valuations may dip slightly from their post-COVID highs, the sector’s growth potential over the next several years is substantial. The fertility sector: What are we talking about? A significant number of American couples rely on fertility services to grow their families. According to the Centers for Disease Control and Prevention’s most recent National Survey of Family Growth: – 1 in 5 heterosexual women is unable to conceive after at least 12 months of trying – Only 12% of women in the U.S. have ever received any infertility services The U.S. Department of Health and Human... Read More »
ELNA Medical Bolsters Private Care Network with Addition of Créa-MeD and Uni-Med Clinics
ELNA Medical announced the acquisition of two Montréal-based private clinics, Créa-MeD and Uni-Med. Both clinics will join ELNA’s growing private care network of five clinics throughout greater Montreal. Terms of the deal were not disclosed. Established in 2008 as one of Quebec’s first non-RAMQ (Régie de l’assurance maladie du Québec) clinics, Créa-MeD is a private medical clinic offering private family medicine and specialized care including comprehensive STI testing. Uni-Med offers access to private family medicine and women’s health services, including one of Quebec’s leading practices in hormone therapy. ELNA Medical is a Montreal-based company that brings... Read More »
Acko General Insurance Acquires Parentlane
Acko General Insurance, backed by General Atlantic, announced on March 17 its acquisition of Parentlane, a leading digital health platform in the maternity & child health space. Following the deal, Parentlane co-founder and CEO, Vijay Anand, will join the Acko leadership team and spearhead strategic initiatives for the company. Terms of the deal were not disclosed. Founded in 2015, Parentlane provides young millennial parents with healthcare solutions from preconception to early childhood development phase. Parentlane serves more than 2 million users yearly on the platform with personalized content and delivers healthcare services by partnering with leading hospitals across the... Read More »Schedule a demo
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