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Unio Health Partners Purchases Acquired inSite Digestive Health Care
Southern California-based Unio Health Partners announced that it acquired inSite Digestive Health Care on January 9. Unio Health Partners is a multi-specialty physician practice management company focused on urology, gastroenterology and radiation oncology. It is backed by Triton Pacific Capital Partners and was founded in 2021. inSite Digestive Health Care has 31 locations throughout California, predominantly located in the Los Angeles MSA. Run by 70 providers, the practice offers high-quality gastroenterology care. With the inSite transaction, Unio now has 182 providers consisting of 119 physicians and 63 advanced practice providers operating out of 54 locations across Southern,... Read More »
Irwin Naturals Going Full Speed Ahead With Ketamine Clinic Acquisition Spree
Irwin Naturals Inc. had a busy year in 2022 as it acquired ketamine clinics throughout the U.S. And it appears that 2023 will feature additional purchases by the company. CEO Klee Irwin said in a May 16 press release, “With over 100 clinics in our M&A pipeline, we are well-positioned to work towards our goal of establishing the nation’s largest clinic chain.” According to the LevinPro HC database, the activity mirrored an uptick in deal activity within the Infusion Services subsector, which includes ketamine clinics. There were 27 Infusion Services deals reported last year, compared with 10 such transactions in 2021, 5 in 2020 and 2 in 2019. “The biggest buyer of ketamine clinics... Read More »
Resonetics Acquires Memry Corporation, SAES Smart Materials for $900 Million
Resonetics has announced its acquisition of Memry Corporation and SAES Smart Materials, Inc. for $900 million. Headquartered in Bethel, Connecticut, Memry Corporation is a global market and technology leader in Nitinol components. Nickel titanium, also known as Nitinol, is a metal alloy of nickel and titanium, where the two elements are present in roughly equal atomic percentages. New Hartford, New York-based SAES Smart Materials creates the Nitinol raw material from nickel and titanium and converts it into various form factors. Resonetics, which acquired the companies from SAES Getters S.p.A., was founded in 1987. Resonetics is a pioneer in advanced engineering, product development,... Read More »
BayCare Health System Expands Florida Presence
BayCare Health System announced that it acquired Tampa-based Northside Behavioral Health Center. BayCare Health operates 13 hospitals and hundreds of outpatient locations throughout the Tampa Bay and central Florida regions. Northside Behavioral Health Center, established in 1976, is a non-profit organization committed to serving Hillsborough County, Florida residents suffering from or at risk for mental illness. As of January 1, 2023, when the deal was finalized, the Northside Behavioral Health Center was renamed BayCare Northside Behavioral Health Center. The financial terms of the acquisition were not disclosed. According to data captured in the LevinPro HC database, this marks the... Read More »
Big Sky Medical Acquired Modesto Medical Office Building
Big Sky Medical announced on January 6 that it acquired a medical office building (MOB) in Modesto, California. The property consists of two buildings: a multi-tenant MOB and an ambulatory surgery center (ASC). The MOB is occupied by Valley Orthopaedics and Pacific Medical Inc. The ASC is occupied by River Surgical Institute and Pacific Medical Inc. Together, the buildings total 20,695 square feet. Big Sky Medical is a national real estate investment management firm that invests in healthcare-related real estate with a concentration in the medical office and life science sectors. Big Sky Medical, which is headquartered in Dallas, has more than $2 billion in healthcare real estate... Read More »
Home Health & Hospice 2023 Outlook: Large Transactions and Innovation Fuel Optimism
According to data captured from the LevinPro HC database, 2022 was a historic year for healthcare M&A, with a record-breaking 2,392 transactions announced, and we expect this number to continue to climb as companies report their final deals of the year. The Home Health & Hospice (HH&H) M&A market, however, experienced an approximately 29% decline in transactions, dropping from 155 announced in 2021 to 110 announced in 2022. The home health market was hindered by industry headwinds in 2022, including staffing shortages and Medicare rate cuts. Despite the decline in M&A during 2022, when we spoke with industry experts Al Veach and Jason Harrison of Agenda Health last... Read More »
Huma Acquires German CRO Alcedis
Huma Therapeutics Limited, a global digital health company, announced on January 9 its acquisition of Alcedis GmbH for an undisclosed price. Through the acquisition, Huma will form an advanced clinical trials division offering digital solutions across the entire development pipeline, from early stage through to Phase IV hybrid and fully decentralized trials. Alcedis GmbH is a contract research organization (CRO) for data driven clinical research and technology utilization. Headquartered in Hessen, Germany, Alcedis has more than 25 years of clinical trial experience. Huma Therapeutics produces applications that integrate health data from hospital databases as well as patient wearables and... Read More »
PE-Backed Gastro Health Makes Its First Acquisition of 2023
Gastro Health, LLC, a portfolio company of OMERS Private Equity, announced on January 4 that it acquired Gastroenterology Associates, a 10-physician GI practice based in Olympia, Washington. In addition to the 10 gastroenterologists that run the practice, Gastroenterology Associates has a team of nine advanced practice providers that treat a full range of GI conditions. The practice also offers in-office infusion services and operates anesthesia services. Gastro Health is a medical group specializing in the treatment of gastrointestinal disorders, nutrition and digestive health. Gastro Health has a presence in Florida, Alabama, Washington, Virginia, Ohio, Maryland and Massachusetts, with... Read More »
Planet DDS Acquires Cloud 9 Software
Planet DDS has acquired Cloud 9 Software from Accel-KKR, an investment firm focused on software and tech-enabled businesses. Founded in 2009, Cloud 9 Software is a 100% cloud-based practice optimization platform. Headquartered in Roswell, Georgia, Cloud 9 serves more than 2,900 locations with thousands of providers and millions of patients. Newport Beach, California-based Planet DDS is a provider of cloud-enabled dental software solutions serving more than 10,000 practices in North America with more than 60,000 users. Planet DDS is backed by Level Equity, a private investment firm focused on providing capital to rapidly growing software and technology-driven businesses, and Aquiline... Read More »Schedule a demo
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