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MedPiper Strengthens Position in India
On March 25, MedPiper announced that it was acquiring MedWriter. Financial terms of the transaction were not disclosed. MedPiper, based in Bengaluru, India, is a platform to help verified healthcare professionals track job alerts, industry updates, research trends and more. It boasts of a database of over 65,000 verified health care providers and it provides its services for 35 healthcare organizations. MedWriter is an artificial intelligence writing assistant for doctors. MedWriter was designed and built by Lonere Labs, which acted as the seller in this transaction. Lonere Labs is a Bangalore-based product lab run by Abhijeet Katte. Already, more than 1,000 doctors and healthcare... Read More »
Bristol Hospice acquires Hope Hospice in First Deal of 2022
Bristol Hospice, a hospice services provider based in Salt Lake City, Utah, announced the acquisition of Missouri-based Hope Hospice, a locally-owned, community based hospice provider, for an undisclosed sum in the company’s first deal of the year, and marks Bristol’s entry into the Missouri market. This acquisition follows nine acquisitions during 2020 and 14 in total since private equity firm Webster Equity Partners purchased Bristol Hospice in 2017. Hope Hospice in St. Louis was established in the early 2000s. Discussions of a possible sale began in late 2020 with its M&A advisors Agenda Health. The deal reflects the growing importance of established community relationships and... Read More »
Development Solutions Expands in Georgia with the Acquisition of 4 Clinics
On March 23, Development Solutions and Facilities, a health care-focused real estate firm, announced that it was acquiring four medical office buildings in Georgia for $11.85 million. Development Solutions and Facilities is run by David Fowler and based in Birmingham, Alabama. It strategizes and executes solutions to develop, lease, manage, own, co-own, invest, acquire and monetize real estate assets. The Georgia properties include the Toccoa Clinic MedAccess in Toccoa, The Foothills Retail Center in Toccoa, Northeast Georgia Physicians Group Pediatrics in Lavonia and NGPG Primary Care in Clayton. The properties are occupied by Northeast Georgia Physicians Group and total 104,548 square... Read More »
Traditions Health Acquires Kansas-Based Serenity Health Management
Traditions Health LLC, a portfolio company of the family-owned investment firm Dorilton Capital Advisors, has acquired Serenity Health Management for an undisclosed amount, giving the company a larger foothold in Kansas. While Traditions offers hospice in the Kansas City region, this transaction marks the entry of its home health business into the state. Serenity Health Management is a hospice and home health provider based in Wichita, Kansas. The home-grown and rooted company is well-established in its market, giving it an edge among even its largest competitors in the state. This has also aided the provider with staff retention, which has become a key consideration in almost every... Read More »
24 Hour Home Care Acquires People-First Home Care Agency Bright Moon Care Services
24 Hour Home Care, a non-medical in-home care provider, announced the acquisition of Bright Moon Care Services, a home care agency that specializes in high-quality personal care for seniors. The deal was made effective February 28th, 2022. The move to acquire Bright Moon Care Services reflects expansion opportunities for 24 Hour Home Care within Ventura County and underscored the value of Bright Moon Care Services’ uniquely strong community ties. 24 Hour Home Care plans to continue to create similar opportunities as a part of its vision to become one of the largest home care providers in the nation. The deal was made effective February 28th, 2022. 24 Hour Home Care is an industry-leading... Read More »
Pinnacle Fertility Acquires Two Fertility Clinics
In March, Pinnacle Fertility, a fertility care platform founded in Tampa, Florida, announced that it was purchasing two fertility physician medical groups, Advanced Fertility Care in Scottsdale, Arizona and California Fertility Partners in Los Angeles, California. Neither of the prices were disclosed. Backed by Webster Equity Partners, Pinnacle Fertility is the nation’s fastest-growing physician-centric fertility care platform, supporting high-performing fertility clinics and comprehensive fertility service providers nationwide. Under a united mission of fulfilling dreams by building families, Pinnacle clinics offer innovative technology and processes, compassionate patient care, and... Read More »
Golden Bear Further Strengthens its Presence in California with Additional Acquisition
Golden Bear Therapy Partners, a rehabilitation practice based in Modesto, California, announced that it was acquiring ProSport Physical Therapy & Performance. The financial terms of the deal were not disclosed. A portfolio company of Shore Capital and Longshore Capital Partners, Golden Bear Therapy Partners operates rehabilitation centers across five states and 110 locations while employing more than 1,500 employees. Golden Bear provides specialized treatment to orthopedic, neurological, musculoskeletal and sports injury patients. For the last thirty years, ProSport Physical Therapy & Performance has been operating and delivering outstanding patient care behind the leadership of... Read More »
Consensus Cloud Solutions Acquires Summit Healthcare
Consensus Cloud Solutions, a trusted global source for the transformation, enhancement and secure exchange of digital information, announced that it has acquired Summit Healthcare Services in a deal finalized on February 4, 2022. Financial terms of the transaction were not disclosed. The combination of Summit Healthcare’s technology solutions and services with Consensus Cloud Solution’s advanced cloud and Natural Language Processing (NLP)/Artificial Intelligence (AI) capabilities will provide many benefits throughout the continuum of care, including improved staff productivity and care continuity, which will positively impact health outcomes. This is Consensus’ first acquisition as a... Read More »
Allscripts to Sell Hospital and Large Physician Practice Assets for up to $700 Million
Constellation Software Inc. completed its agreement with Allscripts Healthcare Solutions to acquire the net assets of Allscripts’ Hospitals and Large Physician Practices business segment, which largely focuses on electronic health record services and backend office support, through its wholly-owned subsidiary, N. Harris Computer Corporation. Allscripts’ Hospitals and Large Physician Practices business segment includes the Sunrise™, Paragon®, Allscripts TouchWorks®, Allscripts® Opal and dbMotion™ solutions. However, the assets of Allscripts’ Veradigm business segment are not included in this transaction and will continue to be owned by Allscripts going forward. According to... Read More »Schedule a demo
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