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Ochsner Health Acquires Diamondhead Urgent Care
Ochsner Health announced it has acquired Diamondhead Urgent Care, an urgent care center in Diamondhead, Mississippi, giving the hospital system a bigger footprint in Hancock County. The existing employees and physicians will continue to provide healthcare at this facility, while additional staff will be added as the patient load increases. Terms of the deal were not disclosed. Ochsner Health is an integrated healthcare system that has more than 34,000 employees and more than 4,500 employed and affiliated physicians in more than 90 medical specialties and subspecialties. It operates 40 hospitals and more than 300 health and urgent care centers across Louisiana, Mississippi and the Gulf... Read More »
Reliable Medical Acquires DME Provider Orbit Medical
Reliable Medical, a portfolio company of Seven Hills Capital since November 2018, announced its acquisition of Orbit Medical. As part of the transaction, Seven Hills Capital and its management have re-invested into Reliable Medical to support the Orbit partnership and fund future growth through new locations and partnerships. Orbit Medical is one of the Midwest’s largest durable medical equipment (DME) providers serving more than 30,000 patients annually, operating in Illinois, Michigan and Wisconsin. The company specializes in power mobility, complex rehab, home respiratory, orthotic devices, general DME and pain management supplies. Reliable Medical provides complex rehab technology,... Read More »
Davis Acquires Woodbury, Minnesota MOB For $18 Million
Davis acquired Woodlake Medical Building, a two-story, 42,467-square-foot medical office building (MOB) in Woodbury, Minnesota, for $18 million, or approximately $424 per square foot. Bridgewater Bank provided the financing. Located on 4.73 acres, the property boasts an outpatient surgery center and recently upgraded, digitally controlled VAV and HVAC systems. Davis, founded in 1986, is a national healthcare real estate firm that offers expertise in healthcare real estate development, property management, brokerage, investment and consulting services to health systems, hospitals, individual medical groups, specialty practices and other healthcare organizations. The company has developed 35... Read More »
U.S. Oral Surgery Management Closes $125 Million Credit Expansion
U.S. Oral Surgery Management (USOSM) announced on December 6 that it closed a new round of funding, a $125 million credit expansion that will position USOSM for growth and expansion in 2023. A portfolio company of Oak Hill Capital Partners, USOSM is a management services organization (MSO) focused on oral and maxillofacial surgeons (OMS) founded in 2017. USOSM has partnered with more than 170 OMS practice locations across 24 states. According to data captured in LevinPro HC database, USOSM has completed nine acquisitions in 2022. The acquired practices are spread across Kentucky, Tennessee, Kansas, Texas, Illinois, Michigan, California, Florida, Indian and Virginia. And, according to... Read More »
Cardiovascular Associates of America Expands Into New State
Cardiovascular Associates of America (CVAUSA) announced on December 7 that it acquired Southwest Cardiovascular Associates, representing the 562nd Physician Medical Groups transaction of the year. CVAUSA is a physician management services organization headquartered in Celebration, Florida. Through CVAUSA’s physician-centered practice management model, physicians drive clinical care and practice culture, while benefiting from the business expertise and shared resources available through CVAUSA. Southwest Cardiovascular Associates is a preeminent cardiovascular practice in Arizona that is also active in clinical trials, including the upcoming Integra-D study assessing a device that combines... Read More »
KKR Acquires Clinisupplies from Healthium
KKR, a leading global investment firm, announced its agreement to acquire Clinisupplies from Healthium MedTech. Clinisupplies’ management team will continue to hold a minority position in the company. KKR is investing in Clinisupplies through KKR Health Care Strategic Growth Fund II, a $4.0 billion fund focused on investing in high-growth health care companies. KKR was advised by Houlihan Lokey, Gibson, Dunn & Crutcher LLP, PWC and BCG. The financial terms of the acquisition were not disclosed. Clinisupplies is a UK-based manufacturer and distributor of continence care products, including urinary collecting devices and catheters. Clinisupplies’ products are supplied to hospitals and... Read More »
Carenet Health Acquires Stericycle Communication Solutions
Carenet Health has acquired Stericycle Communication Solutions. The combined entity provides 1 in 3 Americans with access to Carenet offerings and works with 14 of the top 20 health systems in the United States, as well as 1,000 other healthcare companies. Terms of the deal were not disclosed. Carenet provides healthcare engagement services and 24/7 access to medical care by arranging transportation, organizing home health support and equipment and explaining the benefits of exams and immunizations. Carenet is headquartered in San Antonio, Texas, with additional office locations in New Mexico, Maine and the Philippines. Stericycle Communication Solutions is a provider of patient engagement... Read More »
OrthoAlliance Expands Further Into Ohio With Purchase of Sixth Clinic
Cincinnati, Ohio-based OrthoAlliance announced on December 5 that it acquired Orthopedic Specialists & Sports Medicine. OrthoAlliance, a physician-led management services organization for orthopedic groups, was formed in 2019 in partnership with Beacon Orthopaedics and Revelstoke Capital Partners, a Denver-based private equity firm. Beacon’s management team leads the MSO’s operations. OrthoAlliance’s partner practices feature more than 150 physicians across all orthopedic and sports medicine specialties. It has more than 2,000 employees. Founded in 1976, Orthopedic Specialists & Sports Medicine provides orthopedic care from one location in Granville, Ohio. The practice has... Read More »
Pacific Coast Commercial Brokers Sale of La Mesa, California MOB
Pacific Coast Commercial has negotiated the sale of a medical office building (MOB) in La Mesa, California. Magnolia Mar Properties sold the asset to Family Health Care Centers of San Diego for $8.4 million. According to the LevinPro HC database, this marks the 200th MOB acquisition of 2022 and the 18th announced in California year-to-date. The property features 25,916 square feet of medical office space. Current major tenants include County of San Diego and Penchecks. The price is $324 per square foot. Brian Crepeau and Ken Robak of Pacific Coast Commercial represented the seller, while Kelly Moriarty and Chris Ross of JLL represented the buyer in the deal. US Bank provided... Read More »Schedule a demo
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