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MyCare Medical Acquires Jacinto Medical Group
MyCare Medical announced its acquisition of Baytown, Texas-based Jacinto Medical Group (JMG). JMG is a wholly owned network of four clinic locations with a state-of-the-art imaging center and 14 primary and specialty care providers. Founded and led by physicians, MyCare Medical (formerly SunMed & Hernando Pascal Primary Care) is a primary care group that has served the greater Tampa Bay area for more than 15 years. Specializing in older adult care, MyCare serves more than 100,000 patients, including approximately 30,000 Medicare Advantage patients and 10,000 traditional Medicare patients. This transaction expands MyCare Medical’s presence into Texas and adds seven... Read More »
Help at Home Acquires Open System Healthcare
In its first transaction of the year, Help at Home, a leading national provider of in-home care services, announced its acquisition of Open Systems Healthcare’s home care operations in Pennsylvania and Delaware. This acquisition advances Help at Home’s growth strategy in Pennsylvania, as well as provides an opportunity for Help at Home to expand into Delaware. The transaction excludes Open System Healthcare’s service locations in the District of Columbia. Terms of the deal were not disclosed. Founded in 2011, Open Systems provides in-home care services in 68 counties across Pennsylvania with strong local market presence in the Pittsburgh, Bethlehem, Williamsport, Lancaster,... Read More »
Cardiovascular Associates of America’s 2022 Activity
The cardiovascular specialty surged in 2022 with 14 announced deals, a significant increase from the year before when four transactions were reported. While the specialty grew a significant amount compared to its past performance, it still only accounts for a small percentage (2.3%) of Physician Medical Groups (PMG) M&A activity. Several months ago, we discussed why the cardiovascular market is on the rise, revolving around the fact that the American population is aging and facing age-related cardiovascular conditions such as coronary artery disease, atrial fibrillation and heart failure. According to the Centers for Disease Control and Prevention, heart disease is the leading... Read More »
Healthcare M&A Activity Hit Record High in 2022: A Look at the Deals and Market Trends
Despite headwinds, the healthcare M&A market thrived in 2022. Preliminary results reveal that deal activity hit a historic high of 2,409 deals, breaking the record set in 2021 by more than 150 transactions, according to data captured in our LevinPro HC database. And there’s likely a significant cache of deals to be discovered in upcoming annual and quarterly reports. The level of activity, despite rising interest rates and borrowing costs, inflation and labor costs, highlights the strength of the tailwinds, such as aging demographics, the shift to value-based care and an abundance of private equity capital. The 2023 healthcare M&A market is looking just as active. The announced... Read More »
Retina Consultants of America Adds New State to Its Portfolio
Southlake, Texas-based Retina Consultants of America (RCA) announced its acquisition of Retina Group of New England, an eye care group based in eastern Connecticut. Retina Group of New England operates three locations in Waterford, Norwich and Guilford, Connecticut. The practice is run by Dr. Nauman Chaudhry, MD and Dr. Juner M. Colina-Biscotto, MD. It specializes in the treatment of age-related macular degeneration, diabetic retinopathy, retinal detachment repair, retinal vein occlusions and other disorders of the retina, vitreous and macula. RCA is a physician management services organization formed by Webster Equity Partners in 2020. RCA has more than 215 physicians across more than... Read More »
Flagship Healthcare Properties Expands Presence in Florida
Flagship Healthcare Properties announced that it purchased a medical office building (MOB) in Winter Haven, Florida. The 27,910-square-foot property was built in 2005 and was renovated in 2020. It is anchored by the Center for Retina and Macular Disease, an ophthalmic subspecialty group and Davita, one of the largest kidney care providers in the country. Flagship Healthcare is a developer of post-acute care networks. It is a provider of rehabilitation, skilled nursing, subacute care, home health, pharmacy and other services. ERE Healthcare Real Estate Advisors represented the sellers. The financial terms were not disclosed. This is Flagship Healthcare Properties’ fourth acquisition... Read More »
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 »Schedule a demo
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