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Augusta University Health System, Wellstar Health System in Talks to Merge
Two health systems in Georgia have signed a letter of intent to merge. If the agreement closes, Augusta University Health System (AUHS) will join Wellstar Health System, expanding Augusta University’s educational and research capabilities. Additionally, it would allow Wellstar Health System to create a broader affiliation with Augusta University’s Medical College of Georgia (MCG). As the primary teaching affiliate of MCG, AUHS provides complex care at AU Medical Center, which houses southeast Georgia’s only Level 1 trauma center, Children’s Hospital of Georgia, which houses the region’s only Level IV NICU, the Georgia Cancer Center and Roosevelt Warm Springs... Read More »
Integrative Life Network Acquires Shadow Mountain
Integrative Life Network has acquired Shadow Mountain. The deal will give ILN’s clients increased diversity in care, including evidence-based, trauma-resolution modalities, in-network payment options, detox and multiple locations in the Southwest, a new territory for ILN. Terms of the deal were not disclosed. Shadow Mountain provides substance use disorder treatment in New Mexico including detox, gender-specific residential programming and outpatient services. ILN offers trauma-focused treatment programs through Integrative Life Center, Begin Again Institute and Boulder Recovery. According to the LevinPro HC database, this was the 44th Substance Use Disorder transaction of 2022. This... Read More »
Fujifilm Acquires the Digital Pathology Technology Assets of Inspirata
Fujifilm has acquired the digital pathology technology assets of Inspirata. The digital pathology offerings, customers and employees of Inspirata will move to Fujifilm. Terms of the deal were not disclosed. Inspirata’s Dynamyx is an end-to-end digital pathology solution using whole-slide images to digitize patient results. The software capabilities are typically implemented within more extensive medical facilities handling large volumes of pathological images across several lab locations. Japan-based Fujifilm provides imaging, information and document solutions. According to the LevinPro HC database, this was the 128th Laboratories, MRI and Dialysis deal of 2022, This compares with... Read More »
Summit Partners Credit Advisors invests in Orthotic Holdings Inc.
Summit Partners Credit Advisors announced its acquisition of Orthotic Holdings Inc. (OHI), a company that creates custom medical devices for healthcare providers who treat conditions associated with the lower extremities. OHI was founded in 2011 and is based out of Mesa, Arizona. It has seven orthopedic brands under its umbrella that all treat lower extremity conditions. A branch of Summit Partners, Summit Partners Credit Advisors is a leading provider of debt capital to private and public middle-market companies. It was founded in 2010. According to data captured from the LevinPro HC database, this acquisition marks the 121st Medical Devices deal of the year, and 26th of the quarter. The... Read More »
Duo Health acquires Desert Kidney Associates
Duo Health announced its acquisition of Desert Kidney Associates, PLC. This is Duo Health’s first nephrology partnership. The financial terms were not disclosed. With one location in Mesa, Arizona, Desert Kidney Associates provides renal care throughout the Mesa MSA. It is run by 23 providers. Duo Health is a new type of value-based medical group purpose-built to manage chronic kidney disease and end-stage kidney disease in collaborative relationships with nephrology and multi-specialty practices. According to data captured from the LevinPro HC database, this acquisition represents the 599th Physician Medical Groups transaction of the year, eight of them in the nephrology... Read More »
Specialty1 Partners Expands Endodontics Portfolio
Physician Growth Partners, a healthcare services firm, announced that it advised New York Endodontics on its acquisition by Specialty1 Partners. Founded in 2017, Physician Growth Partners is based out of Chicago, Illinois and specializes in advising physician practices in transactions with private equity. New York Endodontics has one location in Manhattan and is run by six doctors. Specialty1 Partners is the parent company of dental surgical based partnerships Endo1 Partners, Perio1 Partners, and OS1 Partners. It maintains and scales practices for optimal performance in order to transform goals into reality. The financial terms of the acquisition were not disclosed. According to data... Read More »
KPMG Managing Director Sees Compressed Valuations in 2023 MOB Market
Rising interest rates will benefit buyers with access to capital Investors focusing on the medical office building (MOB) market in 2023 will be able to take advantage of favorable valuations as interest rates climb. That’s the message from Eric Lewandowski, managing director at KPMG. Lewandowski, based in Detroit, is involved in 10 to 20 MOB deals per year on the sell and buy sides. “There is increased pressure on valuations given higher lending rates, which is likely to work against valuations,” Lewandowski said. “Opportunistic buyers with access to lending may be swayed by value-focused buying opportunities and decide to take the expensive financing upfront with a plan to... Read More »
Ingenovis Health Acquires Springboard Health
Ingenovis Health, Inc., backed by private investment firms Cornell Capital and Trilantic North America, announced it is acquiring Springboard Healthcare for an undisclosed price. Citizens Bank, N.A. and KeyBanc Capital Markets are acting as joint lead arrangers for the transaction. Davis Polk & Wardwell LLP is acting as legal advisor to Ingenovis, Cornell Capital and Trilantic North America. Citizens M&A Advisory is acting as financial advisor to Springboard, and Dinsmore & Shohl LLP is acting as its legal advisor. The transaction is Ingenovis’ third in the past 12 months, following its acquisitions of HealthCare Support, a leading provider of clinical and non-clinical allied... Read More »
Buchanan Street Partners Buys Laguna Hills, CA MOB
Buchanan Street Partners is acquiring Oakbrook Plaza, a four-story, 120,354-square-foot office property in Laguna Hills, California. Buchanan is purchasing the building from a New York City-based fund manager for $28.1 million in an off-market transaction. Kevin Shannon, Paul Jones and Brandon White with Newmark represented the seller in the transaction. The Laguna Hills property is located less than one mile from MemorialCare Saddleback Medical Center and near several retirement communities. The property is 66% occupied, of which 30% of the existing space is leased to medical tenants. Buchanan Street Partners is a real estate investment management firm based in Newport Beach, California.... Read More »Schedule a demo
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