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Mediclinic Middle East Acquires Ayadi Home Healthcare
On January 3, Mediclinic Middle East, one of the leading private hospital groups in the United Arab Emirates (UAE), announced the acquisition of Ayadi Home Healthcare, which provides home healthcare services to patients in Abu Dhabi and Al Ain. The financial terms of the transaction were not disclosed. Ayadi, with a team of medical professionals including doctors, nurses and therapists, currently provides home healthcare services including respiratory care, medicine administration, wound and ulcer care, chronic disease management, nutritional therapy, total parenteral nutrition, physical therapy and occupational therapy. Mediclinic Middle East, part of Mediclinic International plc,... Read More »
Physical Rehabilitation Network Acquires Bonney Lake Physical Therapy & Hand Rehab in Washington State
On December 29, Physical Rehabilitation Network, LLC (PRN) announced the acquisition of Bonney Lake Physical Therapy & Hand Rehab, PLLC (Bonney Lake PT), continuing its expansion in the state of Washington. The Bonney Lake practice will elevate PRN’s Washington footprint to 22 clinics. Founded in 1991 and headquartered in Carlsbad, California, PRN is a leading physical therapy care provider and comprehensive practice management organization providing non-clinical, administrative support services to physical therapists across 16 states in the western and central portions of the United States. PRN is a portfolio company of Gryphon Investors, a leading middle-market private equity firm... Read More »
Inspira Health Network Acquires Salem Medical Center
Inspira Health Network, a charitable nonprofit health care organization in New Jersey, has a new system under its banner. The health system has announced Salem Medical Center will be joining its network. Salem Medical Center is an 87-bed facility owned by Salem County Hospital Corp., a not-for-profit that was formed to acquire the facility from publicly traded Community Health Systems Inc. The hospital was purchased in 2019 and valued the facility at $1 million. Salem Medical Center recently added a 26-bed Behavioral Health Unit and offers a variety of healthcare services. In 2019, the hospital generated $53 million in net patient revenue but recorded an operating loss of nearly $1... Read More »
Quidel Corporation Signs Definitive Agreement to Acquire Ortho Clinical Diagnostics
On December 23, Quidel Corporation and Ortho Clinical Diagnostics Holdings plc announced that they have entered into a definitive agreement in which Quidel will acquire Ortho, one of the world’s largest in vitro diagnostics companies. The transaction, which is subject to approval by both companies’ shareholders as well as customary closing conditions and regulatory approvals, is expected to close in the first half of 2022. Quidel will acquire Ortho for $24.68 per share of common stock, for a total consideration of approximately $6.0 billion, including $1.75 billion of cash, funded through cash on the balance sheet and incremental borrowings. The combined company will also acquire Ortho’s... Read More »
Elite DNA Therapy Services Acquires Impact Behavioral Health
Elite DNA Therapy Services has acquired Impact Behavioral Health in Tallahassee, Florida for an undisclosed amount, expanding the mental health services provider’s presence in the state to North Florida and the Panhandle area. Elite DNA Therapy Services is one of the largest mental health providers in Florida. Although originally focusing on children, services have expanded to adults and families. The company provides psychiatry and psychotherapy services as well as Transcranial Magnetic Stimulation treatment for major depression. Founded in 2013, Elite DNA has offices across the state in Fort Myers, Cape Coral, Lehigh Acres, Loxahatchee, Naples, Port Charlotte,... Read More »
Gen4 Dental Partners Expands Into Missouri
Gen4 Dental Partners, a doctor-centric, partner-focused dental service organization based in Tempe, Arizona, acquired Moberly Family Dentistry, a physician medical group located in Moberly, Missouri for an undisclosed price. Doing business since 1988, Moberly Family Dentistry provides comprehensive cosmetic dentistry and orthodontic care for residents in Moberly and surrounding areas. A portfolio company of Thurston Group, Gen4 Dental Partners is one of the fastest-growing dental services organizations, providing support to leading providers of dental services. Gen4 Dental Partners was formed by the Thurston Group earlier in 2021 through the acquisition of five group practices in... Read More »
Oracle Strikes a Deal for Cerner
Oracle Corporation, one of the world’s largest technology companies, just announced its largest deal ever for the healthcare software giant Cerner Corporation. The deal is valued at $28.3 billion, or $95 per share, a price per share premium of 19.57% based on Cerner’s closing share price on December 16, 2021, the date before media outlets first reported on the deal. Cerner’s health technologies connect people and information systems at thousands of contracted provider facilities worldwide dedicated to creating smarter and better care for individuals and communities. The company also offers a connected clinical and financial ecosystem to help manage day-to-day revenue functions,... Read More »10 Recent Home Health & Hospice Transactions
Here are 10 Home Health & Hospice deals from the final quarter of 2021, all captured in the LevinPro HC database. Nova Leap Health Corp. Purchases home health care organization Halifax-based Nova Leap Health Corp. purchased an undisclosed home health care organization for $4.75 million. The undisclosed business has an EBITDA of $825,000. Aveanna Healthcare acquires Comfort Care Home Health A portfolio company of Bain Capital and J.H. Whitney Capital Partners, Aveanna Healthcare, purchased Alabama-based Comfort Care Home Health for $345 million. This is Aveanna’s second deal of 2021. The deal closed on December 13, 2021. PE-Backed Charter Health Care Group Moves Into New Mexico-Market... Read More »
AdventHealth Buys Winter Park Property
On December 14, AdventHealth, a nonprofit health system based in Altamonte Springs, Florida, acquired a 3.88-acre property in Winter Park, Florida for $5 million from Backworks LLC, according to Orange County property records. The Winter Park property located at 1605 W. Fairbanks Avenue features a 14,132-square-foot medical office building built in 2005. The previous owner, Backworks, acquired the property from Anita and Walter Gilmore for $1.6 million in 2003, according to the Orange County property appraiser. AdventHealth Winter Park, formerly Winter Park Memorial Hospital, is located about 3.1 miles from the property. AdventHealth, formerly Adventist Health System, is a faith-based,... Read More »Schedule a demo
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