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Health Connect America Acquires First Home Care, North Star Counseling of Central Florida

Health Connect America Acquires First Home Care, North Star Counseling of Central Florida

Health Connect America, Inc., a portfolio company of Palladium Equity Partners, announced that it has completed the acquisitions of First Home Care and North Star Counseling of Central Florida. These transactions build on Health Connect America’s previous three acquisitions announced in early 2022. Based in Richmond, Virginia, First Home Care is a provider of therapeutic foster care (TFC) programs in four locations throughout Virginia, and in collaboration with Foundations for Home and Community in Washington, D.C. and Maryland. Based in Kissimmee, Florida, North Star Counseling of Central Florida provides behavioral therapy services and targeted case management focusing on children... Read More »
DocPlanner Acquires Polish Practice Management Software Leader MyDr sp. z o. o.

DocPlanner Acquires Polish Practice Management Software Leader MyDr sp. z o. o.

DocPlanner announced on February 22 its acquisition of MyDr sp. z o. o., the creator of softwares such as MyDr EDM and Dr100. This acquisition is the first for DocPlanner in its domestic market of Poland. DocPlanner’s recent purchases include Feegow, which develops software for managing medical facilities in Brazil, and Jameda GmbH, which operates a physician rating and search platform for patients. As part of the transaction DocPlanner will add to its portfolio: MyDr EDM – the most recognizable practice management software in Poland, Dr100 – a software for running dental offices and clinics, and drNews – an information system for medical facilities. The financial... Read More »
Aledade Acquires Value-Based Care Analytics Platform Curia

Aledade Acquires Value-Based Care Analytics Platform Curia

Healthcare technology company Aledade has acquired Curia.ai for an undisclosed price. Before the acquisition, Aledade piloted Curia.ai’s technology. The pilot identified 8,000 patients with high mortality risk within two years, and Aledade worked with primary care providers in its network to enlist those patients in an advanced care planning program. The acquisition will allow Aledade to utilize Curia.ai’s AI-based capabilities to expand its data gathering, provide more accurate data predictions and help enhance primary care workflows. Curia.ai is an AI-enabled, value-based care analytics platform that uses AI to predict the likelihood of adverse outcomes, identify risk gaps... Read More »
Apax Partners Acquires French CRO Porsolt

Apax Partners Acquires French CRO Porsolt

Apax Partners, a London-based private equity firm, announced on February 21 that it acquired a majority stake in Porsolt, a global preclinical contract research organization (CRO) located in Le Genest-Saint-Isle, France. This partnership will enhance Porsolt’s service offering and expand its portfolio and capabilities for drug screening, efficacy and safety for clients worldwide. Terms of the deal were not disclosed. Porsolt works with pharmaceutical and biotechnology companies, academic institutes and not-for-profit organizations, offering specialized preclinical testing services across many disease areas, physiological systems and processes. The funds managed and advised by Apax... Read More »
Donaldson Company Purchases Isolere Bio

Donaldson Company Purchases Isolere Bio

Donaldson Company, Inc. announced on February 21 that it acquired Durham, North Carolina-based Isolere Bio, Inc. With the addition of Isolere to Donaldson’s portfolio, Donaldson is positioned to create premier separation and filtration solutions for emerging genetic-based drugs. The financial terms of the acquisition were not disclosed. Isolere Bio is an early-stage biotechnology company that develops novel and proprietary IsoTag reagents and accompanying filtration processes used for the purification and streamlined manufacturing of biopharmaceuticals. It was founded in 2017 by Kelli Luginbuhl, Ph.D, Professor Ashutosh Chilkoti and Joe McMahon. Founded in 1915, Donaldson Company is a... Read More »
JLL Capital Markets Announces Sale of Erie, Colorado Medical Office Building

JLL Capital Markets Announces Sale of Erie, Colorado Medical Office Building

On February 21, JLL Capital Markets announced that it closed on the sale of an Erie, Colorado medical office building (MOB). An undisclosed Arizona-based private real estate company bought the facility. The 8,000-square-foot building was sold by Evergreen Devco, Inc. for $5.65 million. The building is occupied by UCHealth, a not-for-profit healthcare system, and is located on 0.71 acres of land. The price is approximately $706 per square foot. Evergreen Devco, Inc. is a national, fully diversified real estate company specializing in retail, commercial and multifamily development. Its headquarters are in Phoenix, Arizona and it has offices in Denver, Colorado and Salt Lake City, Utah. JLL... Read More »
Behavioral Health Care M&A Activity May Continue to Slide in 2023

Behavioral Health Care M&A Activity May Continue to Slide in 2023

Mergers and acquisitions activity in the Behavioral Health Care (BHC) sector declined 14% last year compared to the record level of deals recorded in 2021. One industry expert expects a continuation of that trend.   “We expect behavioral health deal volume to slow slightly in 2023,” said Steven Grassa, vice president at Provident Healthcare Partners. “Rising interest rates and tight lending markets will likely impact larger transactions [$300 million and higher] more than most lower middle market deals.” According to data captured in the LevinPro HC database, BHC transactions totaled 108 in 2022 after the total reached 125 in 2021. The numbers were 72 in 2020 and 76 in 2019. Only... Read More »
Modular Devices Partners With Interim Diagnostic Imaging

Modular Devices Partners With Interim Diagnostic Imaging

Modular Devices, a portfolio company of private equity firm O2 Investment Partners, announced on February 16 that it has partnered with Interim Diagnostic Imaging. The addition of Interim Diagnostic Imaging significantly increases Modular Devices’ fleet while providing diversification and improving product offerings. The combined company will offer customers a full range of medical imaging labs including catheterization, cleanroom, PET/CT, MRI and CT. Terms of the deal were not disclosed. Interim Diagnostic Imaging is a provider of mobile CT and MRI medical imaging labs in the U.S. and Canada. The company was founded in 2003 and is headquartered in Plymouth, Minnesota. Founded in 1987,... Read More »
Ivy Rehab for Kids Partners With Sora Therapy

Ivy Rehab for Kids Partners With Sora Therapy

Ivy Rehab for Kids welcomes Sora Therapy to its network. Founded in 2004 and based in Andover, Minnesota, Sora Therapy provides pediatric physical, occupational and speech therapy. Terms of the deal were not disclosed. Ivy Rehab for Kids is an outpatient pediatric rehabilitation provider and part of the Ivy Rehab network. Founded in 2003, Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, is a network of outpatient physical, occupational and speech therapy and ABA clinics throughout the U.S. According to data captured in the LevinPro HC database, this marks the seventh Rehabilitation transaction of 2023. This is a significant decrease from the same... Read More »
Spacelabs Healthcare Acquires Predictive Analytics Company PeraHealth

Spacelabs Healthcare Acquires Predictive Analytics Company PeraHealth

Snoqualmie, Washington-based Spacelabs Healthcare announced on February 16 that it has acquired Charlotte, North Carolina-based PeraHealth. The Spacelabs team will continue the journey that PeraHealth started more than 10 years ago to provide clinicians with a visual dashboard of the patient’s condition in real time, helping them to detect changes before they become life-threatening. Terms of the deal were not disclosed. Founded in 2010, PeraHealth develops predictive enterprise software based on the Rothman Index, a score to quantify patient acuity. PeraHealth’s solutions alert clinicians to patient deterioration, helping to reduce in-hospital mortality, unplanned transfers to the ICU and... Read More »