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Lifespark Expands in Minneapolis
Lifespark announced on November 2 that it acquired Minneapolis-based Livio Health. Founded in 2015, Livio Health provides medical care for people with chronic and serious illness modern house calls. Based in St. Louis Park, Minnesota, Lifespark is a senior care provider with both home health and senior living operations. The company’s other services lines include home care, hospice and primary care. It was founded in 2004. Lifespark’s purchase of Livio Health fits in the company’s goal of moving towards a more holistic, risk-based and value-based care system. The deal is expected to close within the next few months. The financial terms of the deal were not disclosed.... Read More »
Joint Venture Acquires Brunswick, Ohio MOB
Remedy Medical Properties and Kayne Anderson Real Estate partnered for the purchase of a 35,000-square-foot medical office building (MOB) in Brunswick, Ohio. Two companies, gastroenterology specialist One GI and The MetroHealth System, currently occupy the building. The venture bought the fully occupied offices for $11 million, totalling $314.29 per square foot. The acquisition comes after Digestive Disease Consultants, the original tenant of the building and seller in the transaction, merged with One GI earlier this year. Remedy Medical Properties is a full-service healthcare real estate company and the largest private owner of healthcare properties in the country, with more than 26... Read More »
Avista Capital Partners Acquires Taconic Biosciences
Avista Capital Partners has acquired Taconic Biosciences from H.I.G. Capital. Transaction terms were not disclosed. Founded in 1952 and headquartered in Rensselaer, New York, Taconic Biosciences specializes in genetically engineered research models and services, specifically murine models for use in drug discovery research and non-clinical safety testing. Founded in 2005, Avista Capital is a New York-based private equity firm with more than $8 billion invested in more than 40 growth-oriented healthcare businesses globally. According to the LevinPro HC database, this was the 122nd Biotechnology transaction of 2022. This compares with 103 Biotechnology deals recorded between January 1, 2021,... Read More »
Unifeye Vision Partners Expands in California
Unifeye Vision Partners, backed by Waud Capital Partners, announced on November 2 that it acquired Eye Care of San Diego. Unifeye Vision Partners (UVP) is a network of eye care providers. The company provides management and support services to ophthalmology and optometry practices as well as single-specialty eye surgery centers. UVP extends its operations to a network of 108 providers, 38 clinic locations and nine ambulatory surgery centers. The company is headquartered in Dallas, Texas. The ophthalmology practice has three locations in California and is run by five providers. This acquisition represents UVP’s ninth partnership in California and its 13th overall. The... Read More »
Medical Solutions acquires Staffing Company Host Healthcare
Medical Solutions, an Omaha, Nebraska-based healthcare staffing firm, announced on November 1 its acquisition of Host Healthcare, an award-winning staffing company based in San Diego, California. Host Healthcare will continue to operate independently as its own brand under the Medical Solutions parent company. Terms of the deal were not disclosed. Host Healthcare was founded in 2012 and has experienced rapid growth in the healthcare staffing industry. The company specializes in nursing, allied and therapy staffing and has earned numerous healthcare staffing industry awards in categories including fastest-growing privately held companies in the United States and best places to work. Medical... Read More »
ActivePro Rehab Partners Expands In New Jersey
ActivePro Rehab Partners, a portfolio company of The Beekman Group, announced on November 1 that it acquired Rehab Excellence Center. Founded in 2001, Rehab Excellence Center is a leading provider of physical therapy services throughout southern New Jersey that, pre- acquisition, operated six locations. ActivePro Rehab Partners manages rehabilitation clinics. More than 40 years ago, it was formed to accelerate clinic growth in New Jersey and beyond. The addition of Rehab Excellence expands ActivePro’s coverage across the state with 48 locations in 16 New Jersey counties. Rehab Excellence, in turn, will operate 12 locations. Terms of the acquisition were not disclosed.... Read More »
RadNet Acquires Controlling Interest in Heart & Lung Imaging Limited
RadNet, Inc., a national provider of freestanding, fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States, announced it has acquired a 75% interest in London-based Heart & Lung Imaging Limited (HLI) for an undisclosed price. HLI’s network of more than 70 expert cardiothoracic radiologists provides specialist reporting services for the U.K.’s National Health Service (NHS) as well as a variety of hospitals and academic institutions. Of particular note, HLI has established itself as the leading provider of lung cancer screening reporting services to the NHS England Targeted Lung Health Check program.... Read More »
Addus HomeCare Corp.’s Q3 2022 Earnings Highlights
Addus HomeCare Corp., a provider of home care services, announced its financial results for the third quarter ended September 30, 2022. Despite staffing and Omicron-related headwinds, the company still reported revenue growth of 11% over the third quarter of 2021. Addus had revenue increases in its home health and hospice segments, demonstrating the strength and resilience of both operations. The Frisco, Texas-based company reported: 11% increase in net revenue from $216.7 million in Q3:21 to $240.5 million in Q3:22.12% increase in gross profit from $67 million (30.9% of net revenue) in Q3:21 to $75.2 million (31.3% of net revenue) in Q3:22.0.9% decrease in net income from $11.6 million... Read More »
Orlando Health Acquires Acute Care Hospital in Puerto Rico
Not-For-Profit Orlando Health has announced a new deal for an acute care hospital in Puerto Rico. The Orlando, Florida-based health system is buying Sabanera Health Dorado from PRISA Group, a family-owned developer based in Puerto Rico, and Triple-S Management Corporation, a healthcare insurance company located out of San Juan. There were no terms disclosed in the transaction. Sabanera Health is a 105-bed acute care hospital that provides primary family care, emergency intensive and urgent care, vascular surgery, orthopedics, sports medicine, and medical oncology. The medical facility has a total of 104 rooms, with eight intensive care units, two neonatal intensive care units, 79... Read More »Schedule a demo
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