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The Transcripts: Takeaways from CVS, Teladoc, and DaVita Earnings
In our first earnings roundup, we looked at the fourth-quarter and full-year 2022 financial performance of three major publicly traded companies in the managed care market. They achieved positive operating and financial results for 2022, with some even surpassing their expectations for the year. To read more about earnings results in the managed care market, you can read that spotlight on the LevinPro HC platform here. This week, we’re looking at companies in other healthcare verticals, including retail, dialysis and eHealth. CVS Health Corporation, Teladoc Health, Inc. and DaVita Inc are all prominent in their respective fields, and their financial performance can reveal much about the... Read More »
Clarapath Acquires Medical AI Software Company Crosscope
Clarapath announced on February 27 its acquisition of Mountain View, California-based Crosscope. The acquisition combines Clarapath’s SectionStar with Crosscope’s workflow and computational pathology tools enabling labs to deliver care faster, more cost effectively and at a higher quality. Terms of the deal were not disclosed. Crosscope (abbreviated for “Computational Microscope”) is a digital pathology company with a turnkey imaging solution providing best-in-class workflow tools and slide management along with artificial intelligence and machine learning technology to assist pathologists with faster decision-making. Clarapath is a medical robotics company aimed at... Read More »
New Zealand-Based Broadway Radiology Joins Canopy Healthcare Group
Palmerston North, New Zealand-based Broadway Radiology announced on February 27 that it is joining Canopy Healthcare Group, which is one of New Zealand’s largest healthcare companies. The Broadway Radiology team will remain unchanged. Terms of the deal were not disclosed. Broadway Radiology is the largest private provider of diagnostic radiology serving the Manawatu and Horowhenua regions, with four locations and a team of five radiologists. Canopy Healthcare is a New Zealand-based healthcare provider, comprising 18 diagnostic clinics, six oncology clinics, a private breast surgical and diagnostic center and a drug compounding business. According to data captured in the LevinPro HC... Read More »
Pediatric Affiliates PA Partners With Private Equity Firm Webster Equity Partners
Pediatric Affiliates PA has partnered with Webster Equity Partners, a healthcare-focused private equity firm. Physician Growth Partners served as the exclusive transaction advisor to Pediatric Affiliates in its evaluation, negotiation and execution of the transaction. Pediatric Affiliates recently enhanced its practice offering regarding behavioral health services. Terms of the deal were not disclosed. Pediatric Affiliates is a network based in Toms River, New Jersey. Pediatric Affiliates serves as one of New Jersey’s largest pediatric groups, operating in six locations across New Jersey with a focus on underserved patient populations. The practice is run by 10 physicians. Founded in 2003,... Read More »
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 »Schedule a demo
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