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Heartland Dental Acquires Three Dental Practices
Heartland Dental, a portfolio company of KKR & Co. Inc, announced that it acquired three dental practices. This transaction represents Heartland Dental’s first acquisition of 2023. The financial terms of the transactions were not disclosed. Run by Dr. Henry Yu, Glendale Aesthetic Dentistry operates out of one location in Glendale, Arizona. Thorn Run Dental Care is in Moon Township, Pennsylvania. Kandor Dental operates out of the Orlando, Florida, suburb of Oviedo and is run by Dr. Lourdes Cruz and Dr. Jos Alberty Heartland Dental is a dental support organization providing non-clinical, administrative support services with more than 2,600 doctors in more than 1,650 locations... Read More »
ChrysCapital-Backed GeBBS Healthcare Solutions Acquires CPa Medical Billing
GeBBS Healthcare Solutions, Inc., a portfolio company of the India-focused private equity firm ChrysCapital, announced on February 22 its acquisition of CPa Medical Billing. The transaction expands the market, services, capabilities and footprints of both companies, enabling clients to benefit from an integrated revenue cycle management (RCM) solution offering from one partner. CPa Medical Billing clients will benefit from GeBBS’ end-to-end RCM workflow/automation tools and large geographic footprint. GeBBS Healthcare will expand its U.S.-based delivery capabilities and its RCM services portfolio to the federally qualified health centers (FQHCs) market. Established in 2003, CPa Medical... Read More »
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 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
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, 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, 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
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
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 »Schedule a demo
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