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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 »
Kyyba Acquires Viki Technologies
Kyyba Inc./Kyyba Tech has acquired Viki Technologies in a deal involving companies based in Farmington Hills, Michigan. Terms of the deal were not disclosed. The acquisition advances Kyyba’s plan of growing its healthcare capabilities through acquisitions. Until it is fully integrated with Kyyba, Viki Technologies’ leadership team noted the firm will continue to offer marketing and consulting services to current clients to ensure continued quality service and to prevent any disruption of service. Viki Technologies is a specialist healthcare technology provider. Its services include managing hospitals as enterprises, providing decision support systems and care pathways that... Read More »
Cincinnati Children’s Hospital Acquires the Practice of Dr. Camille Graham
Cincinnati Children’s Hospital announced on March 16 that it acquired the practice of Dr. Camille Graham. Dr. Camille Graham is a pediatrician with more than 40 years of experience. Since 2019, the practice has been affiliated with Mercy Health Physicians-Cincinnati. Approximately 2,200 patients are treated by the practice. Cincinnati Children’s, a nonprofit academic medical center established in 1883, is one of the oldest pediatric hospitals in the United States. It has more than 26 locations in the Cincinnati MSA. The practice will be rebranded as Cincinnati Children’s Kenwood Crossing Primary Care. The transaction will become effective April 17, 2023. Financial terms of the deal... Read More »
Premier Care Dental Management Expands into New State
Premier Care Dental Management announced that it acquired Dental Designs of New England, a three-physician dental practice in Merrimack, New Hampshire. This marks Premier Care Dental Management’s first acquisition in New Hampshire and its 113th location. The financial terms were not disclosed. Dental Designs of New England is run by Dr. Jini Shetty, a general dentist with more than 20 years of experience. The practice operates out of one New Hampshire location. Premier Care Dental Management is a dental management company that offers support services to dental specialty offices across the Northeastern U.S. Premier Care Dental Management has locations throughout Massachusetts, Rhode... Read More »
Men’s Health Provider Acquires Colombia-Based Medical Marijuana Company
Ultimate Sports, Inc. has acquired Sannabis S.A.S., a medical marijuana company based in Colombia. Terms of the deal were not disclosed. Sannabis is a licensed cannabis company operating in Cali, Colombia. It has a line of cosmetic, medical and industrial products made from cannabis and hemp. The company is licensed to grow, manufacture and export cannabis and cannabis derivatives. Ultimate Sports is a men’s health services provider. Ultimate Sports’ Men’s Advanced RX Online Medical Clinic provides a licensed physician to diagnose and treat male health and wellness issues. Ultimate Sports named Juan Paulo Guzmán and John Campo, Sannabis co-founders, to the board of directors. Guzman... Read More »
Four Corners Property Trust Acquires New Mexico MOB
Four Corners Property Trust (FCPT) is acquiring an Aspen Dental property for $1.9 million. The property is located in a strong retail corridor in New Mexico and is corporate-operated. The transaction was priced at a cap rate in range with previous FCPT transactions. 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. In February 2023, FCPT announced its acquisition of a Heartland Dental property for $2.2 million.... Read More »
Atlantic Health System Acquires Thompson Healthcare & Sports Medicine
Atlantic Health System (AHS), a portfolio company of Geisinger Health, announced the addition of Thompson Healthcare & Sports Medicine to its network. Upon completion, AHS will have a majority ownership stake in Thompson Health’s 11 locations across New Jersey. Each location will share information using Epic’s EHR system, which AHS also uses. Terms of the deal were not disclosed. Thompson Healthcare & Sports Medicine is a New Jersey-based health care and sports medicine provider, offering physician services, acupuncture, chiropractic, physical therapy and more. The company has more than 75 providers at 11 locations across central and southern New Jersey. AHS is one of the... Read More »
Spotlight on Cardiology and the Mounting Interest from Private Equity
Cardiology has been described as the “hot commodity” among private equity groups looking to increase investment in healthcare. Factors including significant patient demand for the services, more procedures shifting to outpatient settings, and the smaller number of existing independent practices compared to cardiologists working for health systems, have fostered competition in the sector and driven valuations higher than in any other specialty. A number of private equity firms have established platforms including Webster Equity Partners with Cardiovascular Associates of America, Ares Management and US Heart and Vascular, and Varsity Healthcare... Read More »
