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Aegis Sciences Corporation Acquires HealthTrackRx Toxicology’s Business
Nashville-based Aegis Sciences Corporation announced that it acquired HealthTrackRx Toxicology’s line of business. HealthTrackRx is one of the nation’s premier polymerase chain reactions (RT-PCR)-based infectious disease laboratories. It was founded with a focus on clinical toxicology testing. Founded in 1990, Aegis Sciences Corporation is a laboratory sciences company that provides testing and consulting services to healthcare providers, pharmaceutical companies, professional and amateur sports organizations, college and university athletic programs, Fortune 500 corporations and government agencies throughout the United States. The financial terms of the acquisition were not... Read More »
Concentra Acquires Lehigh Valley Health Network’s Occupational Health Business in Bethlehem and Allentown, Pennsylvania
Concentra, Inc., a division of Select Medical, announced on January 23 the acquisition of the occupational health business of Lehigh Valley Health Network (LVHN) in Bethlehem and Allentown, Pennsylvania. This includes the former LVHN locations of HealthWorks–Allentown, HealthWorks–Trexlertown, HealthWorks–Bethlehem, Healthworks–Bethlehem Township and HealthWorks–Highland Avenue (previously Coordinated Health–Highland Avenue). All occupational health services previously provided at these locations are now provided by Concentra. Terms of the deal were not disclosed. Concentra’s Bethlehem and Allentown centers offer the full suite of occupational health services, including work injury care,... Read More »
Companion Spine Acquires Backbone
New York-based Companion Spine LLC has acquired Backbone SAS. Founded in 2015 and based in France, Backbone designs, develops, manufactures and markets implantable medical devices for spine surgery. The acquisition of Backbone by Companion Spine strengthens the company’s scientific link with the School of Spine Surgery of the University of Bordeaux. Founded in 2020, Companion Spine specializes in the diagnosis and interventional and surgical treatment of spine conditions. Companion Spine’s technologies and solutions target degenerative disc disease and lumbar spinal stenosis. According to data captured from the LevinPro HC database, this acquisition represents the 11th Medical... Read More »
Eden Health Acquires Community Home Health & Hospice’s Inpatient Services
Eden Health announced its plan to acquire Washington state-based Community Home Health & Hospice’s (CHHH) inpatient programs for an undisclosed price. Eden Health will take over CHHH’s inpatient services effective May 1, 2023. The deal expands Eden Health’s home health and hospice footprint in Washington. According to Jodie Zelazny, CHHH’s director of community development, CHHH began reaching out to regional partners approximately a year ago to divest its inpatient services while maintaining continuity of patient care and staff employment. Established in 1977, CHHH has an average daily census of 600 patients. Eden Health is a subsidiary of Washington-based EmpRes Healthcare,... Read More »
VillageMD Acquired Dallas-Based Multi-Specialty Physician Practice
VillageMD, a subsidiary of Walgreens, announced on January 19 that it acquired Dallas Internal Medicine and Geriatrics Specialists PLLC, a three-provider practice in Garland, Texas. Dallas Internal Medicine and Geriatrics Specialists provides patients with comprehensive medical care that encompasses internal medicine, geriatric medicine and urgent care services. VillageMD provides tools, technology, operations and staffing support for physician groups, independent practice associations and health systems. VillageMD, through its subsidiary Village Medical, is a national provider of value-based primary care services. VillageMD and Village Medical have grown to 22 markets and are... Read More »
HGGC Invests in Dentive
HGGC has made an investment in dental services organization (DSO) Dentive. Terms of the deal were not disclosed. Provo, Utah-based Dentive has grown to nearly 70 locations across nine states. All of Dentive’s partner practices have joined the company via referral. Based in Palo Alto, California, HGGC is a middle-market private equity firm with more than $6.8 billion of cumulative capital commitments. Since its inception in 2007, HGGC has completed more than 500 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of more than $68 billion. According to data captured from the LevinPro HC database, this acquisition represents... Read More »
HealthLynked Sells ACO Health Partners Subsidiary
HealthLynked announced on January 20 that it has signed a definitive agreement to sell its ACO Health Partners subsidiary to PBACO Holding, LLC, which operates under the name Palm Beach Accountable Care Organization (PBACO). According to data captured in the LevinPro HC database, this acquisition represents the first accountable care organization (ACO) transaction of 2023. There was just one ACO deal announced during 2022. Under the terms of the agreement, HealthLynked will receive $750,000 in cash, as well as up to $2.25 million incremental cash based on agreement to participate in PBACO by AHP’s existing physician practices or newly added practices, scaled based on the number... Read More »
Hughston Clinic Orthopaedics Acquires St. Vincent’s Orthopedics
Effective March 1, St. Vincent’s Orthopedics will join Hughston Clinic Orthopaedics. The addition of St. Vincent’s will aid Hughston Clinic in expanding its footprint in Alabama. Terms of the deal were not disclosed. St. Vincent’s Orthopedics provides orthopedic care in Birmingham, Clanton, Glendale and Vestavia, Alabama. Hughston Clinic Orthopaedics specializes in sports medicine, providing treatment for musculoskeletal injury and disease. Hughston Clinic has more than 30 orthopedic clinics in Georgia, Alabama, Florida, Tennessee and Indiana. According to data captured in the LevinPro HC database, this acquisition represents the 25th Physician Medical Group (PMG)... Read More »
Montecito Medical Acquires 6-Building MOB Portfolio in Kansas City Area
Montecito Medical Real Estate, a leading acquirer of medical office properties nationwide, has completed its acquisition of a six-building medical office building (MOB) portfolio in the greater Kansas City marketplace. The seller and anchor tenant in the transaction were represented by Collin Hart and Marc Flynn of ERE Healthcare Real Estate Advisors. The portfolio acquisition expands Montecito’s footprint in the Kansas City area. Terms of the deal were not disclosed. The buildings, which total 95,769 square feet, are tenanted by Discover Vision Centers. The six properties are located in Kansas City, Olathe and Leawood, Kansas, as well as Raymore, Independence and Blue Springs, Missouri.... Read More »Schedule a demo
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