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ATI Physical Therapy Acquires Auburn Physical Therapy, Expanding Michigan Presence
On December 8, ATI Physical Therapy, the country’s largest single-branded outpatient physical therapy provider, announced that it had acquired Auburn Physical Therapy for an undisclosed amount. Founded in 1996, ATI Physical Therapy is a comprehensive orthopedic rehabilitation provider, specializing in research-based physical therapy, work conditioning, functional capacity evaluations, sports medicine, women’s health and employer worksite solutions. Based in the Chicago suburb of Bolingbrook, it operates 900 clinics (with 22 of those clinics under management service agreements) across Illinois. Auburn Physical Therapy opened in 2003 in Auburn, Michigan, and later expanded to include... Read More »
CVS Health Maps Out Future Plans
During a yearly investor meeting, CVS Health laid out its plans to use telemedicine, new clinics and teams of doctors, nurses and pharmacists to push deeper into managing customer health. The company outlined a future that it expects to be defined by delivering care with what it sees as a unique mix of resources. CVS Health reaches more people and improves the health of communities across America through its local presence, digital channels and over 300,000 dedicated colleagues, including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. The Woonsocket, Rhode Island-based healthcare company owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, the country’s... Read More »
Midwest Vision Acquires Discover Vision Centers
Midwest Vision Partners LLC, an eye care practice management group, announced that it had acquired Discover Vision Centers, the largest eye care services provider in the Kansas City region. Backed by New York-based investment firm The Firmament Group, and a portfolio company of Alpine Investors, Midwest Vision Partners is a managed service organization that provides nonmedical services to its network of ophthalmologists in Kansas, Missouri and Ohio. Headquartered in Chicago, Illinois, it was founded in 2019 and is currently run by CEO Jorge Lopez. Founded in 1973, the locally owned business, Discover Vision Centers, is the Kansas City region’s leading eye care team. Discover Vision... Read More »
Interim HealthCare Makes Third Acquisition of 2021
Interim HealthCare Inc., a national leader in home care, senior care, home health, hospice and healthcare staffing services, announced its third acquisition of 2021 with the purchase of Interim HealthCare of Sacramento Hospice in California. First opened 46 years ago, Interim HealthCare of Sacramento Hospice provides a holistic approach to hospice care centered around comfort, compassion and support for loved ones and their families. David Klaeser has owned the California-based franchise since 2007 and will continue to lead the company in the role of CEO following the acquisition. Interim HealthCare is a national network of home care, hospice and health staffing franchises. The only major... Read More »
Advanced Dermatology and Cosmetic Surgery Strikes Another Deal
Advanced Dermatology and Cosmetic Surgery announced that it was acquiring Greenville Dermatology, a South Carolina-based physician medical group that offers superior care to patients. The terms of the deal were not disclosed. A portfolio company of Harvest Partners LLP, Advanced Dermatology and Cosmetic Surgery is one of the nation’s premier dermatology practices. Founded in 1989, Advanced Dermatology and Cosmetic Surgery treats patients for common and complex conditions of the skin, hair, and nails, offers advanced skin cancer treatments, and uses some of the most sought-after therapies available to reduce the impacts of age and the environment. It runs more than 140 offices across 14... Read More »
Quartet Health Advances Strategic Plan With InnovaTel Telepsychiatry Acquisition
On December 8, Quartet Health and InnovaTel Telepsychiatry, a provider of virtual mental healthcare with differentiated expertise in treating complex conditions, announced their decision to join forces and bring quicker access, improved experience and evidence-based care to all who need mental health care. The InnovaTel acquisition is Quartet’s next step to advance its new strategic direction that was announced last week. Founded in 2014, Quartet Health is a leading tech-enabled mental health company that works with health plans, systems and provider groups to deliver speed to quality mental health care for all. To date, more than 300,000 people across the country — across Medicaid,... Read More »
Omnicell Acquires ReCept Holdings
Omnicell, Inc. announced that it was acquiring ReCept Holdings, Inc. for a total aggregate cash consideration of $100 million, subject to customary adjustments. Founded in 1992, Omnicell is a leading medication management solutions and adherence tools for health systems and pharmacies. Through a combination of automation, intelligence and technology-enabled services run by a cloud-data platform, Omnicell provides more efficient medicine management services. More than 7,000 facilities worldwide and 60,000 institutional and retail pharmacies across North America and the United Kingdom use Omnicell’s technology to help reduce costly hospital readmissions. ReCept Holdings is a leading provider... Read More »
Bain Capital On How Private Equity and Venture Capital Are Disrupting Hospitals and Health Systems
Aaron Newman from Cain Brothers released a short commentary about how private equity and venture capital are disrupting hospitals and health systems. According to Mr. Newman, there are four ways private equity and venture capital are fundamentally disrupting their business models: growth in Medicare Advantage, physician aggregation, delivery of care at lowest cost setting and disruption from non-traditional care providers. Going forward, hospitals and health systems must understand these disrupting forces and proactively assess strategic alternatives to fortify their market position. In September, we saw Aurelius Healthcare Sdn Bhd, backed by private equity firm Navis Capital... Read More »
Aveanna Healthcare Acquires Accredited Home Care
On December 1, Aveanna Healthcare Holdings, a pediatric home health care company, announced that it has completed the acquisition of Accredited Home Care, a home care agency in the western United States, for a base price of $180 million. Aveanna Healthcare was founded in 2017 and cares for upwards of 50,000 patients in 27 states across more than 200 branch offices. In April 2021, Aveanna went public through a $100 million IPO. Founded in 1980 and operating in California, Accredited Home Care provides nursing and home health services to more than 9,000 patients annually through its team of 6,250 field nurses and caregivers. Accredited has five offices located in Los Angeles, Orange, and... Read More »Schedule a demo
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