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
Juniper Advisory Handles Sale of 3 HCA Hospitals to LCMC Health
LCMC Health, the New Orleans-based, non-profit health system, is adding three hospitals to its network in a new deal. Working with Juniper Advisory, a specialized investment banking firm focused exclusively on nonprofit organizations, LCMC has struck a deal to purchase Tulane Medical Center, Lakeview Regional Medical Center and Tulane Lakeside Hospital from HCA Healthcare. The deal coincides with a new partnership with Tulane University, which will involve LCMC and Tulane joining forces to expand health care in southern Louisiana. One element of the deal calls for most of the services provided at Tulane Medical Center to move to East Jefferson General Hospital and University Medical Center... Read More »
Smile Brands Announces Acquisition of Palm Springs Family & Cosmetic Dentistry
Smile Brands Inc., a portfolio company of Gryphon Investors, announced on October 11 that it acquired Palm Springs Family & Cosmetic Dentistry for an undisclosed amount. Smile Brands Inc. provides business support services to general and multi-specialty dental groups in approximately 700 affiliated practices in 30 states with 7,500 team members. Smile Brands supports a portfolio of more than 75 brands including regional brands Bright Now! Dental, Castle Dental, Merit Dental, Midwest Dental, Monarch Dental and Mondovi Dental. Palm Springs Family & Cosmetic Dentistry has one location in Palm Springs, California, and serves the surrounding area. It is run by three providers. The... Read More »
Healthcare M&A Activity Remained Strong in Q3:22, According to Market Data Captured By Irving Levin Associates, LLC
Healthcare merger and acquisition activity remained extremely active during the third quarter of 2022, with 734 publicly announced deals, according to new data captured by Irving Levin Associates on its LevinPro HC platform. While some sectors, like Hospitals and Managed Care, had a significant increase in activity, others like Medical Devices experienced a slowdown. Transaction volume in Q3:22 remained virtually the same with deal totals in Q2:22, but increased by nearly 20% compared with the third quarter in 2021. Healthcare M&A deal value totals revealed a slight increase from $57.74 billion in Q2:22 to $58.2 billion during Q3:22. The total disclosed dollars spent fell... Read More »
Atlas Healthcare Partners & Banner Health Acquire 2 Arizona ASCs
Atlas Healthcare Partners, in partnership with Banner Health, one of the largest nonprofit health care systems in the country, announced the acquisition of two ambulatory surgery centers (ASCs) in Scottsdale and Tucson, Arizona. The two ASCs, Banner Surgery Center – Desert Vista and Banner Cardiovascular Center – Tanque Verde, grow Atlas Healthcare’s portfolio to 27 ASCs that it manages throughout the United States. Banner Surgery Center – Desert Vista, located in Scottsdale, Arizona, will feature two operating rooms. It will also provide pain management and spine services in partnership with two physician investors. Banner Cardiovascular Center – Tanque Verde was converted from an... Read More »
Behavioral Health M&A Market Slows in Third Quarter
The Behavioral Health Care (BHC) sector appeared to be on the up-and-up since breaking records in deal totals in 2021 when there were 124 transactions announced. So far, during 2022, there have been 79 deals announced as of September 30, 2022, falling just short of the 83 deals announced during the same 2021 period. Although, pre-2021, this would be a strong showing for this market, it pales in comparison to the incredible growth we’ve been seeing lately in the BHC sector, which started to slow near the end of the third quarter. There were 23 BHC deals announced during Q3 of 2022 across nine different subsectors, including substance use, autism & I/DD services, psychiatric/clinical... Read More »
Hospital M&A Market Flash Update
Investment activity in healthcare is extremely healthy this year, with deal volume expected to break records. However, the hospital market seems to be in a different spot, based on year-to-date numbers. Through Q3, there have been 42 announced transactions, compared with 70 total in 2021. Deal closures have been slower, most likely due to market headwinds facing health systems and providers, such as labor shortages. There has also been stricter scrutiny of mergers and acquisitions from the Federal Trade Commission (FTC). The regulatory agency has sued to block several mergers, such as the deal between HCA Healthcare and Steward Health Care System for a sale of five hospitals in Utah and... Read More »
Shore Capital Partners Sells EyeSouth Partners to Olympus Partners
Shore Capital Partners, a Chicago-based healthcare-focused lower middle-market private equity firm, announced on September 29 that it was selling EyeSouth Partners to Olympus Partners. The financial terms of the transaction were not disclosed. Jefferies LLC is serving as exclusive financial advisor through its Essential Outpatient Healthcare franchise and Winston & Strawn LLP is serving as legal advisor to Shore and EyeSouth. Bass, Berry & Sims is serving as regulatory counsel to Shore and EyeSouth. Shore Capital Partners has approximately $3 billion of cumulative capital commitments through various investment vehicles. Olympus Partners is a private equity firm that manages more... Read More »
Gastro Health Acquires Springfield Gastroenterology
Gastro Health, a portfolio company of private equity firms OMERS Private Equity and Audax Private Equity, has finalized a partnership with Springfield Gastroenterology in Springfield, Ohio, marking Gastro Health’s fourth partnership in Ohio since October 2020 when it acquired Ohio Gastroenterology & Liver Institute. Terms of the deal were not disclosed. The agreement also includes the endoscopy center, Gastro Care, located on the same premises as Springfield Gastroenterology. Gastro Health is a medical group specializing in the treatment of gastrointestinal disorders, nutrition and digestive health. Gastro Health has a presence in Florida, Alabama, Washington, Virginia, Ohio and... Read More »
Cardiovascular Associates of America Expands Presence in Chicago MSA
Cardiovascular Associates of America (CVAUSA) announced on October 7 that it acquired Chicago Cardiology Institute (CCI). According to the LevinPro HC database, this marks the seventh Physician Medical Groups (PMG) acquisition of the year. CVAUSA is a physician management services organization headquartered in Orlando. Through CVAUSA’s physician-centered practice management model, physicians can drive clinical care and practice culture, while benefiting from the business expertise and shared resources available through CVAUSA. Founded in 2009, CCI is complemented by Chicago Vascular Clinic (CVC). CCI & CVC offer the full spectrum of hospital-based, office-based and ambulatory... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
