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The Pennant Group Acquires Kenosha Visiting Nurse Association
The Pennant Group, Inc. has acquired the Kenosha Visiting Nurse Association, Inc. Terms of the deal were not disclosed. The Pennant Group is a holding company of independent operating subsidiaries that provide healthcare services through 95 home health and hospice agencies and 49 senior living communities in Arizona, California, Colorado, Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. The Kenosha Visiting Nurse Association provides skilled home health, private duty and community health services in Kenosha, Wisconsin. Pennant continues to pursue opportunities to acquire home health, hospice and senior living businesses throughout the U.S.... Read More »
Johnson & Johnson Acquires Abiomed for $16.6 Billion
Johnson & Johnson acquired cardiovascular medical technology provider Abiomed, Inc. for $16.6 billion. Danvers, Massachusetts-based Abiomed has a portfolio that focuses on the treatment of coronary artery disease and heart failure and features an extensive innovation pipeline of life-saving technologies as well as an 18-year record of profitable growth. New Brunswick, New Jersey-based Johnson & Johnson is one of the largest global healthcare and pharmaceutical companies with more than 130,000 employees worldwide. Its business lines include pharmaceuticals, medical devices and consumer healthcare products. Johnson & Johnson will acquire through a tender offer all outstanding... Read More »
Medical Office Building M&A Activity Soars: Anchor Health & JLL Make Big Moves In the Market
Through the first half of 2022, the medical office building (MOB) space had been busy, creating near-record breaking deal volume. As one of the most active markets, many people, us included, have considered it to be impervious to recession or economic stress. But, as 2022 continues onward, industry experts are starting to see a decline in deal activity. Economic pressures such as higher labor costs and the looming (or already upon us) recession, there is much to cause concern as operators doubt tenant’s rent paying abilities. From January 1 through October 28, 2022, there have been 180 MOB deals, which is a 62% increase from the same time frame of 2021 when 111 deals were recorded.... Read More »
Lee Equity Partners Acquires Bradford Health Services
New York City-based Lee Equity Partners has announced a deal for Bradford Health Services LLC, establishing its presence in the Behavioral Health Care market. Based in Birmingham, Alabama, Bradford Health is a substance abuse treatment and recovery services provider. Through a network of 40 facilities, Bradford Health offers treatment services across the entire spectrum of acuity, including early intervention services, crisis response, intensive outpatient care, partial hospitalization and residential care, inpatient detox and transitional living and life skills programming. Lee Equity Partners is purchasing Bradford Health from Centre Partners Management LLC, which invested in Bradford... Read More »
Anchor Health Properties Acquires Chula Vista, California MOB
Anchor Health Properties has acquired a 9,500-square-foot medical office building in Chula Vista, California. Terms of the deal were not disclosed. The Class A outpatient asset is master leased to Sanderling Renal Services, a specialty care dialysis network based in Nashville, Tennessee, with multiple locations across the United States. Established in 1985, Anchor Health Properties is a national, full-service healthcare real estate development, management and investment company focused exclusively on healthcare facilities. Anchor has more than $1.5 billion of completed development projects, 9 million square feet under management and nearly $3 billion invested in healthcare facilities.... Read More »
ARC Health Acquires Focus Forward Counseling & Consulting
ARC Health, a Thurston Group portfolio company, has announced the acquisition of Focus Forward Counseling & Consulting, Inc. (FFCC), a multilingual therapy practice with two locations in the Atlanta, Georgia area. This marks ARC Health’s third acquisition of October 2022. Terms of the deal were not disclosed. FFCC’s 27 psychiatrists, psychologists and therapists offer their services in Mandarin, Hindi, Punjabi, Danish, Hebrew, Russian and Spanish. The company provides child and adolescent counseling, LGBTQIA counseling, individual therapy, couples counseling and marriage and family resources. Additionally, they treat anxiety and depressive disorders, substance abuse and trauma... Read More »
Great Lakes Dental Partners Acquires Rochester Dental Center
Great Lakes Dental Partners has acquired Rochester Dental Center. Terms of the deal were not disclosed. Great Lakes Dental Partners (GLDP) is a dental support organization. It provides practice management services to more than 35 partner locations. GLDP provides support in operations, recruiting, technology, marketing and collaboration among clinicians. GLDP is backed by Shore Capital Partners’ $112.5 million Fund I to support its continued growth. Rochester Dental Center is a family owned dental practice in Rochester, Indiana. According to the LevinPro HC database, this is the 167th dental practice transaction of 2022. This compares with 67 dental deals recorded between January 1,... Read More »
SMS Healthcare Acquires Sydney Eye Clinic in Australia
SMS Healthcare has acquired Sydney Eye Clinic in Australia. Terms of the deal were not disclosed. SMS Healthcare’s eye surgery portfolio now includes 16 combined eye assessment and laser eye day surgery clinics across Australia. Across its wider portfolio, SMS Healthcare holds co-investments alongside the medical professional founders of 21-day and short-stay hospitals, allied health and specialist medical practices spanning ophthalmology and laser eye surgery infrastructure across Queensland, New South Wales and Victoria, Australia. Sydney Eye Clinic will continue to operate under its existing trade name. According to the LevinPro HC database, this was the 61st Ophthalmology practice... Read More »
Thermo Fisher Acquires The Binding Site Group for $2.6 Billion
Thermo Fisher Scientific Inc. announced its acquisition of The Binding Site Group, a global specialist protein diagnostics company, from a shareholder group led by European private equity firm Nordic Capital, in an all-cash transaction valued at £2.25 billion, or $2.6 billion at current exchange rates. The transaction is expected to be completed in the first half of 2023. The Binding Site will become part of Thermo Fisher’s Specialty Diagnostics segment and is expected to be accretive to adjusted earnings per share by $0.07 for the first full year of ownership. The Binding Site specializes in the research, development, manufacture and distribution of tests used for the detection of... Read More »Schedule a demo
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