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UNC Health Southeastern Sells Home-Based Hospice Program to Lower Cape Fear LifeCare
Lumberton, North Carolina-based hospital UNC Health Southeastern (UNC) will transfer ownership of its community-based hospice operations to Lower Cape Fear LifeCare, effective May 1, 2023. The hospital is located in Robeson County, North Carolina and will continue to offer inpatient services. Lower Cape Fear LifeCare will assist UNC by providing palliative care consultations within the hospital. The transfer of its home-based hospice services will free up more resources for UNC’s palliative care program, according to UNC Health Southeastern President and CEO Chris Ellington. The financial terms of the transfer include a sale of tangible assets for an undisclosed dollar amount, with no... Read More »
Sonic Healthcare Acquires Medical Laboratories Duesseldorf For $198 Million
Sonic Healthcare, Ltd. announced on April 26 that it made its second acquisition of the month by purchasing Medical Laboratories Duesseldorf (MLD) for approximately $199 million USD (converted from €180 million and AUD$297.6 million). The acquisition is expected to bring in revenues of more than $55.2 million in FY2024. This follows Sonic’s previous acquisition of German diagnostic company Diagnosticum for $209 million, marking the largest purchase price in the Laboratories, MRI and Dialysis sector of the year. Founded in 1968, MLD conducts diagnostics for sexually transmitted infections, gastrointestinal infections and respiratory infections. It employs 300 staff including 13... Read More »
Stonemont Financial Group Acquires Two Oncology Centers
Stonemont Financial Group announced it closed on the acquisition of two oncology centers in Greensboro and Hawkinsville, Georgia. Stonemont has plans to implement a capital improvement plan on the exterior of the buildings, which will increase the longevity of the properties for the tenant. Work will be completed within the next year. Terms of the deal were not disclosed. The two properties include an 11,271-square-foot comprehensive cancer treatment center at 1000 Cowles Clinic Way in Greensboro in the Lake Oconee community, and a 10,212-square-foot medical office building on the Taylor Regional Hospital Campus in Hawkinsville. Both buildings are fully occupied by Northside Hospital... Read More »
Humana’s CenterWell Home Health Acquires Trilogy Home Health
CenterWell Home Health, a subsidiary of Humana Inc., has agreed to acquire Trilogy Home Health in Florida. According to data captured in the LevinPro HC database, this acquisition represents the 29th Home Health & Hospice (HH&H) transaction of 2023. The acquisition will expand CenterWell Home Health’s presence in Florida. Financial terms of the deal were not disclosed. Based in West Palm Beach, Trilogy Home Health has 11 locations across Florida. The company provides home health care, personal care and care coordination services. CenterWell Home Health provides home health services to more than 350,000 patients each year via its 350-plus locations across 38 states. CenterWell... Read More »Summit Health Acquires High Desert Family Medicine
Summit Health announced on April 24 it acquired High Desert Family Medicine, a one-physician family medicine practice in Sunriver, Oregon. Summit Health is a not-for-profit healthcare system based in south-central Pennsylvania with locations in New York. It includes two acute-care hospitals, Chambersburg Hospital and Waynesboro Hospital, as well as several outpatient clinics and services, including Summit Health Primary Care. Summit Health said it will take over operations of the clinic. The acquisition of High Desert Family Medicine expands Summit’s presence to Oregon. The financial terms of the transaction were not disclosed. This transaction also marks Summit Health’s... Read More »
Cardiovascular Logistics acquires First Coast Cardiovascular Institute
Cardiovascular Logistics (CVL), a portfolio company of private equity group Lee Equity Partners, announced on April 24 that it acquired First Coast Cardiovascular Institute (FCCI). Founded in 2002, FCCI has built a reputation of providing compassionate care to residents of Northeast Florida and Southern Georgia. FCCI offers board certified services in cardiovascular medicine, sleep medicine, pulmonology, amputation prevention and stroke care and prevention. It has 48 providers on staff. CVL is the one of the most comprehensive cardiovascular platforms in the country. Formed in 2013, CVL is integrating the nation’s best cardiology practices into one robust cardiovascular... Read More »
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 »Schedule a demo
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