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
High Hopes for the Rehabilitation Market: Strong Tailwinds Push Deal Activity
Whenever we speak with dealmakers in the healthcare M&A market, they frequently discuss how the market is fragmented. Although there is no shortage of major players, especially as retail and tech giants push deeper into healthcare, there’s still a high volume of smaller, independently owned agencies and providers. The U.S. outpatient rehabilitation market has more than 37,000 independent clinics, and no company owns more than 10% market share. Some significant players include Select Medical (1,933 clinics), ATI Physical Therapy (900 clinics) and U.S. Physical Therapy, Inc. (629 clinics). Additionally, rehabilitation services are split across many sources: hospitals, therapy clinics,... Read More »
Gastroenterology Associates of Plattsburgh Joins University of Vermont Health Network
Gastroenterology Associates of Plattsburgh has joined the University of Vermont Health Network. The University of Vermont Health Network is a six-hospital network based in Burlington, Vermont, that serves Vermont and the northern New York state region. Gastroenterology Associates of Plattsburgh, which is located in Plattsburgh, New York, will close its doors on November 28 as its practice will become part of the University of Vermont Health Network, operating under the new name CVPH Gastroenterology. Terms of the deal were not disclosed. According to the LevinPro HC database, this was the 25th gastroenterology practice transaction of 2022. This compares with 35 gastroenterology deals... Read More »
Our Lady of the Lake Regional Medical Center Sells Baton Rouge, Louisiana Surgery Center
Baton Rouge, Louisiana-based Our Lady of the Lake Regional Medical Center sold its ambulatory surgery center (ASC) in the same city for $8.95 million. The Lake Surgery Center was sold to Perkins Plaza Development, represented by orthopedic surgeon Larry “Chip” Bankston, MD. According to the LevinPro HC database, this marks the 27th ASC acquisition of 2022. Established in 2002, Lake Surgery Center is a 23,000-square-foot facility. The surgery center is co-owned by Our Lady of the Lake Regional Medical Center and Dr. Bankston’s practice, Baton Rouge Orthopaedic Clinic. In addition to Dr. Bankston, other officers for Perkins Plaza Development include Our Lady of the Lake... Read More »
TriSalus Life Sciences to Become Publicly Traded Through Merger With MedTech Acquisition Corporation
TriSalus Life Sciences, a privately held oncology therapeutics company focused on the treatment of liver and pancreatic tumors, announced on November 14 it had entered into a definitive merger agreement with MedTech Acquisition Corporation, a publicly traded special purpose acquisition company focused on medical technology. Upon the closing of the transaction, the combined company will be a publicly traded company and its common stock is expected to be listed on the NASDAQ Stock Exchange under the ticker “TLSI”. The transaction represents a post-transaction market capitalization of approximately $244.4 million for TriSalus. At the completion of the transaction, TriSalus expects to have at... Read More »
Smile Doctors Expands Into Two New States
Smile Doctors, LLC announced on November 11 that during Q3:22 it acquired eight orthodontic practices. The practices acquired are Graham Orthodontics in Salt Lake City, Utah; Whitlock Orthodontics in Springdale and Fort Smith, Arkansas; Roanoke Valley Orthodontics in Roanoke and Rocky Mount, Virginia; Fruge Orthodontics in Baton Rouge and Gonzales, Louisiana; Prairie Ridge Orthodontics in Owatonna and Zumbrota, Minnesota; Boren Orthodontics in Midland, Texas; Belli and Streit Orthodontics in Kent, Ohio; and Dr. Jill Bruno Orthodontics in Chevy Chase, Maryland. Smile Doctors, a portfolio company of Linden Capital Partners since 2017, is an orthodontic dental support organization... Read More »
HGMT Merges With Henley Ion
HGMT and Henley Ion have entered into a merger agreement. The combination gives Henley Ion more than 30 issued and pending patents in its IP portfolio, benefiting the airway protection, air safety and transdermal and tissue drug delivery categories. Henley Ion is a New Orleans-based biotech company developing next-generation technology in respiratory protection and medical devices. HGMT is a Colorado-based biotech startup and a developer of transdermal solutions. Terms of the deal were not disclosed. According to the LevinPro HC database, this was the 125th biotechnology transaction of 2022. This compares with 103 biotechnology deals recorded between January 1, 2021, and November 11,... Read More »
TripSitter Clinic Acquires Reconscious Medical
TripSitter Clinic Ltd announced on November 11 the closing of its acquisition of assets of Insight Systems, PBC, doing business as Reconscious Medical. The deal was originally announced on March 22, 2022. The assets of Reconscious Medical will be instrumental in the future growth plans of the TripSitter Clinic. Reconscious Medical will be integrating their technology platform created specific to virtual psychedelic psychotherapy with TripSitter Clinic’s telehealth delivery system. Terms of the deal were not disclosed. Reconscious Medical is a psychedelic psychotherapy company engaging in both in-clinic and online virtual care with safety, monitoring and support provided through a... Read More »
Allied OMS Enters Houston Market with Memorial Oral and Maxillofacial Surgery Acquisition
Allied OMS, a doctor-owned and led management services organization in the oral and maxillofacial surgery space, announced on November 10 its partnership with Memorial Oral and Maxillofacial Surgery (Memorial OMS) in Houston, Texas. The addition of Memorial OMS marks Allied OMS’ 9th, 10th and 11th practice locations in Texas and the first in Houston. Memorial OMS provides oral and maxillofacial surgical care in Houston, Cypress and Katy, Texas. Led by Michael O’Shell, DDS, and Thai Vuu, DDS, MD, Memorial OMS offers a range of services including maxillary and mandibular bone grafting, same day dental implant options, wisdom teeth removal and maxillofacial trauma treatment.... Read More »
