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CORA Physical Therapy Expands Presence in Wisconsin with Alliant Physical Therapy Group Acquisition
On February 8, CORA Health Services, Inc., doing business as CORA Physical Therapy, a top-10 national operator of outpatient physical therapy services, announced the acquisition of Alliant Physical Therapy Group, a seven-clinic operation in Milwaukee and Kenosha. The acquisition will expand CORA’s footprint in Wisconsin to 17 clinics and give the company a significant presence there. CORA Physical Therapy is an outpatient rehabilitation company that uses proven clinical practices and cost effective treatment protocols to return patients to their jobs and lifestyles as soon as possible. CORA operates 258 clinics in Florida, Georgia, Illinois, Kentucky, Missouri, North Carolina, South... Read More »
BrightView Health Enters North Carolina With New Leaf Center Acquisition
BrightView Health, an outpatient addiction treatment provider based in the Walnut Hills neighborhood of Cincinnati, Ohio, acquired New Leaf Center in Murphy, North Carolina. The deal marks BrightView’s first entry into North Carolina and its fifth state overall. The companies announced the transaction earlier this week. Terms were not disclosed. New Leaf Center is a substance use disorder treatment center based in Murphy, North Carolina. Founded in 2019, New Leaf provides treatment to people experiencing alcohol and substance use disorder while addressing occurring mental health, societal and health factors. Founded in 2014, BrightView Health operates 55 locations in Ohio, Delaware,... Read More »
Another Avalanche: January Deal Volume Breaks Record
The new year is already off to a strong start. Deal activity in January hit a record high with 352 deals across all sectors, beating out the previous record of 293 deals in January 2021. An impressive feat, considering the many headwinds currently facing the market. We expect this number to continue to rise as more January deals continue to be announced. 2021 was a record-breaking year for deal activity, with 2,599 deals on the books so far. However, if January’s strong showing foreshadows the rest of the year, 2022 may shatter the prior year’s record. The busiest sector during January 2021 was Physician Medical Groups (PMG), with 77 announced deals, making up 22% of all deals across... Read More »
Lionstone Investments Acquires Orange County MOB for $125 Million
Lionstone Investments made its first move into the medical office sector with the acquisition of Newport Lido Medical Center, a two-building medical office complex totaling 146,510 square feet in Newport Beach, California. The buyer paid $125 million for the fully leased asset through an all-cash transaction, according to Orange County records. Lionstone Investments is a data-analytics driven real estate investment firm that conceptualizes, analyzes, and executes national investment strategies using proprietary algorithms and advanced analytics to understand the changing ways people in America want to live and work. Lionstone Investments is an offering brand of Lionstone Partners, LLC,... Read More »
The Fertility Partners Expands in Ottawa with Recent Acquisition
The Fertility Partners, Canada’s leading platform of fertility practices, acquired The Ottawa Fertility Centre, a fertility center in Ottawa, Ontario. The financial terms of the deal were not released. The Ottawa Fertility Centre is an innovative center in fertility care and assisted reproductive medicine, with the vision to help build families through compassionate care combined with the latest reproductive health care technology. It employs 10 physicians. It is the only Ottawa-based fertility center offering the Ministry Funded Fertility Program. Its physicians have affiliations with the University of Ottawa and Ottawa Hospital, and it has a satellite relationship with Kingston... Read More »
Arkansas Hospice Acquires First Choice Senior Care
On January 26, Arkansas Hospice, the largest hospice care provider in Arkansas, announced that it had acquired First Choice Senior Care, a locally-owned and operated company offering home care services in the Little Rock, Arkansas area. Financial terms of the transaction were not disclosed. First Choice Senior Care (FCSC) is the premier non-medical, home care company in Little Rock, Arkansas. FCSC provides companion services, personal care and other programs to address the nonmedical needs of the aging and seriously ill. Arkansas Hospice is a nonprofit organization based in North Little Rock, Arkansas. Arkansas Hospice cares for nearly 600 patients daily from 10 locations and three... Read More »
Gen4 Makes Another 2022 Acquisition, Expanding Further into Michigan
Gen4 Dental Partners, a Thurston Group portfolio company acquired Smile One Services, a multi-specialty dental organization based in Grand Haven, Michigan. The financial terms of the transaction were not disclosed. Smile One Services is Michigan’s first multi-specialty dental organization out of Grand Haven, Michigan. Dr. Darren Riopelle has over 20 years of experience owning and operating multi-specialty practices. A portfolio company of Thurston Group, Gen4 Dental Partners is one of the fastest growing, and highly innovative dental services organizations, providing world-class support to leading providers of dental services. Thurston Group is a Chicago-based private equity firm... Read More »Despite Omicron, HCA Q4 Report Shows Strong Growth
This week, HCA Healthcare, the publicly traded health system, released its fourth quarter of 2021 earnings report. Although the “Omicron surge started to influence [its] business in early December,” HCA made it through the final three months of 2021 just fine. The health system’s revenues increased to $15.1 billion, from $14.29 billion in the fourth quarter of 2020. Net income attributable to HCA totaled $1.81 billion, or $5.75 per diluted share, compared to $1.43 billion, or $4.13 per diluted share, in the fourth quarter of 2020. Results for the fourth quarter of 2021 include gains on sales of facilities of $563 million, or $1.33 per diluted share. Adjusted EBITDA... Read More »
ETAO International Group Goes Public and Merges with Mountain Crest Acquisition Corp III
ETAO International Group, a multinational digital healthcare company founded in 2017, is merging with Mountain Crest Acquisition Corp III, a publicly traded special purpose acquisition corporation. ETAO International Group, a Cayman Islands company, aims to be the world’s leading digital healthcare group providing a range of online and offline healthcare services in China, including telemedicine, hospital care, primary care, pharmacy and health insurance covering all life stages of patients. The transaction values ETAO at a pro forma fully diluted enterprise value of approximately $2.5 billion with existing ETAO shareholders rolling over 100% of their equity into equity of the... Read More »Schedule a demo
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