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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 »
Another Private Equity Company Ventures into Physician Medical Groups
On March 4, Nordic Capital, a Swedish private equity group, announced that it acquired CARE Fertility, the United Kingdom’s leading fertility clinic group, specifically focusing on IVF treatment. Nordic Capital is a leader in Nordic private equity investments that has invested upwards of $20 billion in more than 120 companies. While CARE Fertility has been at the forefront of IVF science and clinical technology for over 25 years. The company has an outstanding reputation based on its excellent success rates, high medical standards and clinical leadership. It has 23 locations across the United Kingdom. Global law firm White & Case LLP advised Nordic Capital on the... Read More »
The Dust Settles: Healthcare M&A Activity Simmers Down
After a strong start to the year, deal activity has finally cooled off. During February, there were 135 healthcare deals, a 53% decrease from January 2022, which had a record-breaking 290 deals. Such a drastic drop is to be expected. The market naturally goes into an ebb and flow, and historically, January is always much busier than February. Additionally, the deal total last month wasn’t far off from what we saw in February 2021, when there were 142 deals across all sectors. The busiest sector during February 2022 was Other Services, which had 32 announced transactions across a wide range of sectors, including medical office buildings, ambulatory surgery centers, contract research... Read More »
Piedmont and The University Health Care System Finalize Merger
Piedmont Healthcare has expanded its already deep network in Georgia with the finalization of its merger with The University Health Care System. The two organizations signed a letter of intent in May 2021, and on Tuesday, March 1, University Health joined the Atlanta-based system. University Health Care System serves the greater Augusta region, anchored by University Hospital (598 beds), founded in 1818 as City Hospital. The system includes University Hospital Summerville (231 beds), also in downtown Augusta, and University Hospital McDuffie (25 beds) in Thomson, Georgia. In addition, University has two skilled nursing and rehabilitation centers and serves ambulatory patients with... Read More »Schedule a demo
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