Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40
Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
Montecito Medical Acquires Lynchburg, Virginia Women’s Health MOB
Montecito Medical has completed the acquisition of a women’s health medical office building (MOB) in Lynchburg, Virginia. The property, which offers 21,657 square feet, is 100% occupied under a long-term lease by Women’s Health of Central Virginia. The acquisition continues the expansion of Montecito’s footprint in central Virginia. Dana Hamric, CEO of Hamric Capital, arranged the transaction and served as the exclusive financial advisor to the seller, Women’s Health of Central Virginia. 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.... Read More »
Apex Physics Partners Acquires Fusion Physics, Radiation Physics & Engineering
Apex Physics Partners has acquired Fusion Physics, LLC and Radiation Physics & Engineering, Inc. Based in Valrico, Florida, Fusion Physics is a provider of diagnostic medical physics consulting services. Headquartered in Gilbert, Arizona, Radiation Physics & Engineering offers diagnostic medical physics services to healthcare and environmental companies across Arizona, New Mexico and the Southwest. Apex Physics Partners, a portfolio company of Blue Sea Capital, is a medical physics business services support organization. Partner physics practices receive an array of support services including client services, information technology and data analytics. Terms of the deal were not... Read More »
LongueVue Capital Acquires Pinnacle Clinical Research
LongueVue Capital (LVC), a New Orleans-based private equity firm, has acquired Pinnacle Clinical Research, LLC in San Antonio, Texas. Pinnacle Clinical Research is a multi-location organization specializing in complex therapeutic areas, including hepatology with a focus on non-alcoholic fatty liver disease and nonalcoholic steatohepatitis. Founded in 2016, Pinnacle has expanded to operate clinical trial sites with facilities in San Antonio, Austin and Georgetown, Texas, supported by more than 100 full-time employees. Founded in 2001, LVC focuses on providing human capital, financial capital and a skill set built on a successful 20-plus-year record of partnering with entrepreneurs and... Read More »
Thrive Healthcare Acquires Harmony Recovery Group
Thrive Healthcare has acquired Harmony Recovery Group. Based in Charlotte, North Carolina, Harmony Recovery Group operates behavioral health treatment facilities, the first of which opened in 2015. Harmony Recovery Group has 10 treatment center locations throughout Florida, North Carolina, Tennessee, New Jersey and Massachusetts. Harmony’s treatment centers are focused on behavioral healthcare programming for mental health and substance abuse as well as dual diagnosis care. Thrive Healthcare is an investment firm with expertise regarding psychiatric hospitals, substance use disorder, mental health, autism and specialty behavioral health. Terms of the deal were not disclosed.... Read More »
Renibus Therapeutics Raises $33 Million to Advance Cardiorenal Portfolio
Renibus Therapeutics, Inc., a clinical-stage biotechnology company developing products for the treatment of cardiorenal diseases, obtained $33 million in bridge financing, including $23 million in a Simple Agreement for Future Equity offering, and $10 million pursuant to the first tranche of a $30 million term loan with Oxford Finance LLC. Under terms of the credit facility with Oxford, the funds are available in three tranches of $10 million for a total of up to $30 million, subject to certain conditions. The term loan matures in October 2027 and includes a 24-month, interest-only period, which can be extended to 36 months under certain conditions. The first tranche of $10 million closed... Read More »
Rural Healthcare Group acquires 4 physician groups from HCA
Nashville-based Rural Healthcare Group (RHG), backed by private equity firm Kinderhook Industries, announced on November 16 it purchased four middle-Tennessee primary care physician practices from HCA Healthcare. The acquisition brings the total number of practices owned by RHG to eight. Terms of the deal were not disclosed, but RHG Founder and CEO Benson Sloan said RHG can pay as much as seven figures per clinic. RHG is a multi-site primary care clinic operator focused on expanding primary care access in medically underserved areas and rural communities. RHG was launched by Kinderhook Industries in May 2022. According to the LevinPro HC database, this marks the 535th Physician Medical... Read More »
Sanford Health and Fairview Health Look to Merge and Form a $14 Billion Health System
Maybe the third time’s a charm? After striking out on two potential mergers over the past three years, Sanford Health has signed a letter of intent with Fairview Health Services to combine and create a new health system. The deal is still in the negotiation phase and needs a green light from regulators, but the two organizations expect the deal to close in 2023. If Sanford Health and Fairview cross the finish line, the merger will create a wide-reaching health system in the midwest with a combined $14 billion in annual revenue. Sanford Health has 47 medical centers and more than 200 Good Samaritan Society senior care locations. With the addition of Fairview, it will gain 11 hospitals,... Read More »
OptiGroup Acquires Pamark Business Oy
OptiGroup has acquired Pamark Business Oy in a transaction involving companies from Scandinavia. Vantaa, Finland-based Pamark Business Oy is a distributor of cleaning and facility supplies, medical consumables and medical devices to the private and public sectors in Finland. Molndal, Sweden-based OptiGroup is a distribution group supporting more than 105,000 customers primarily in the cleaning and facility management, hotel and restaurant, healthcare and manufacturing sectors. Financial terms of the deal were not disclosed. According to the LevinPro HC database, this was the 26th healthcare product distributor acquisition of 2022. This compares with 11 healthcare product distributor deals... Read More »
TeamHealth Acquires Acute Care Transitions
TeamHealth, a portfolio company of The Blackstone Group, announced its expansion in the Dallas-Fort Worth market with the acquisition of Acute Care Transitions, LLP, (ACT) an emergency medicine and advanced care at-home telehealth provider. TeamHealth provides outsourced medical care to more than 2,700 acute and post-acute facilities and physician groups nationwide. It has more than 15,000 affiliated healthcare professionals and advanced practice clinicians. TeamHealth was acquired by The Blackstone Group in October 2016 for $4.1 billion. According to the LevinPro HC database, this marks the 304th eHealth deal and the 50th telehealth transaction announced year-to-date. This is a slight... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
