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Care Advantage Buys Care Perfections Health Services
Care Advantage has acquired Care Perfections Health Services LLC, marking the 19th acquisition Care Advantage has completed since 2018. Financial terms of the deal were not disclosed. Care Perfections has locations in Manassas and Warrenton, Virginia. It is a nurse-owned company providing patients, clients and their families with care in their homes. Care Advantage has 38 locations throughout Virginia, Maryland, Delaware, Washington, D.C. and North Carolina. According to data captured from the LevinPro HC database, this marks the 107th Home Health & Hospice (HH&H) deal of 2022. This compares with 154 HH&H transactions reported between January 1, 2021, and December 20,... Read More »
Carl Marks Securities Advises on Sale of Cornerstone Treatment Facilities Network
Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors, announced that it advised Cornerstone Treatment Facilities Network on its sale to New York-based Aurora Health Network. Carl Marks previous experience in addiction and behavioral healthcare services includes the financial restructuring of American Addiction Centers and positioning that company for long-term growth with a new board of directors. Financial terms of the private transaction were not disclosed. Founded in 1936, Cornerstone Treatment Facilities Network is an employee-owned addiction care provider with locations in Fresh Meadows and Rhinebeck, New York in the Hudson Valley. A... Read More »
KKR to Acquire Bushu Pharmaceuticals From BPEA EQT
KKR & Co. L.P. and Bushu Pharmaceuticals Ltd. announced on December 20 a definitive agreement under which KKR will acquire all shares in Bushu Pharmaceuticals from Asian private equity firm BPEA EQT. KKR is making its investment from one of its Asia-focused investment funds. The transaction is expected to be completed in Q1 2023, subject to customary approvals and closing conditions. Following the transaction’s completion, KKR aims to accelerate Bushu’s growth and further position it as a leading contract development and manufacturing organization (CDMO) for the pharmaceuticals market in Japan and worldwide. Terms of the deal were not disclosed. Bushu Pharmaceuticals Ltd. was... Read More »
New Investors Push Into Behavioral Health Market
For the past several years private equity firms and their portfolio companies have driven the behavioral healthcare M&A market, but a new mix of strategic investors have entered the field, from REITs to managed care providers and health systems. Although activity is slower than compared to 2021, the behavioral health market is still experiencing significant tailwinds from growing demand for mental health services and significant fragmentation in the industry. Deal volume for 2022 is sitting at just under 100 deals, but we expect to cross the 100-mark threshold before the end of the year. In 2021, investors and dealmakers announced 125 transactions in the Behavioral Health Care sector. ... Read More »
Prism Vision Group Acquires Lakeview Surgery Center
Prism Vision Group has acquired Lakeview Surgery Center. This marks Prism’s sixth ambulatory surgery center (ASC) and the second in the Washington D.C., Maryland and Virginia market. Terms of the deal were not disclosed. Lakeview Surgery Center in Bowie, Maryland, is a 9,900-square-foot facility that has two operating suites and exclusively provides ophthalmic surgery five days per week. Prism Vision Group (formerly known as NJ/Retina), a portfolio company of private equity firm Quad-C Management, is a physician-led ophthalmology administrative services care provider. Launched in July 2019, Prism has 870 locations, more than 150 providers and more than 1,300 employees throughout New... Read More »
Goldman Sachs Asset Management Acquires Norgine Europe B.V.
The private equity business within Goldman Sachs Asset Management has acquired Norgine Europe B.V. The deal is a milestone in Norgine’s history, following more than 110 years of ownership by the Stein family, which will continue to own a significant stake in the company. Terms of the deal were not disclosed. Norgine is a European specialty pharmaceutical company that has strived to deliver innovative medicines to patients for more than a century. Its European experience, fully integrated infrastructure and partnership approach allow it to apply solutions to bring patients medicines that they may not otherwise be able to access. Norgine helped 24 million patients around the world in... Read More »
VillageMD Acquires Conroe-Willis Family Medicine
VillageMD announced on December 15 that it acquired the four-physician practice of Conroe-Willis Family Medicine. Conroe-Willis Family Medicine was established in 2014 and provides full-service, quality care and preventative care for all patients. The practice has one location in Conroe, Texas and one in Willis, Texas. VillageMD, a subsidiary of Walgreens, 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 responsible for more... Read More »
The Stepping Stones Group Acquires Building Blocks Behavior Consultants
The Stepping Stones Group, a portfolio company of Five Arrows Capital Partners, announced on December 15 its acquisition of Building Blocks Behavior Consultants, Inc. Building Blocks founder Mila Zea will remain with the company and assume the role of Regional Clinical Manager. Terms of the deal were not disclosed. Building Blocks Behavior Consultants is a provider of center-based Applied Behavioral Analysis therapy for children who carry a diagnosis on the Autism spectrum. The Stepping Stones Group provides therapy and behavioral health services to children in the K-12 educational setting. Stepping Stones serves more than 1,000 clients and 300,000 children annually across 42 states.... Read More »
Montecito Medical Acquires 4-Building Medical Office Property
Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a four-building portfolio in eastern Indiana and western Ohio. All four buildings, which total nearly 32,000 square feet, are tenanted by Whitewater Eye Centers. The properties include the group’s headquarters in Richmond, Indiana. The acquisition expands Montecito’s footprint in Indiana and Ohio. Terms of the deal were not disclosed. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the U.S. involving more than $5 billion in medical real estate. According to the LevinPro HC... Read More »Schedule a demo
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