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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 »
Astera Cancer Care Expands New Jersey Presence With Three Oncology Practices
Astera Cancer Care, a New Jersey-based independent and physician-owned multi-specialty community oncology practice, has expanded its presence in New Jersey with the recent addition of three oncology practices, bolstering its ability to deliver high-quality, coordinated and patient-centered cancer care throughout the state. The financial terms of the deal were not disclosed. Being added to Astera’s portfolio are three New Jersey-based oncology practices: Hudson Hematology Oncology in Jersey City, Lindenberg Cancer & Hematology Center in Marlton and the practice of Giuseppe Condemi, MD, Ph.D. in Rutherford. These practices will each serve as a regional hub in Astera Cancer Care’s... Read More »
November Healthcare M&A Deal Volume Soars
The penultimate month of 2021 did not disappoint. There were 229 deals announced in November. It’s a mere five deals more than what dealmakers announced or closed in October, but the fourth quarter is shaping up to be a historic era of activity. Most of the deal activity remains focused on the lower market, highlighting the fragmentation of the market, meaning there are plenty of targets left for equity buyers and strategic investors. Aside just from a natural cooling off of the market, the only major headwind on the way is the Omicron variant, which has already hit the United States. Its been rattling public markets; Moderna and Pfizer are quickly pivoting to develop... Read More »
Smile Brands Scoops Up Dentistry of Sarasota
On December 2, Smile Brands, one of the largest providers of dental support services in the United States, announced its new partnership with Dentistry of Sarasota. Financial terms of the deal were not disclosed. Smile Brands has provided business support services to general and multi-specialty dental groups since its founding in 1998. The company supports nearly 700 affiliated practices, with more than 7,500 dedicated team members across 30 states. Smile Brands is a portfolio company of Gryphon Investors, a leading middle-market private equity firm based in San Francisco, California. Founded in 2010, Dentistry of Sarasota, led by Dr. Paul Jaworski and Dr. Benjamin Moricz, delivers... Read More »
Ingenovis Health to Acquire HealthCare Support
Ingenovis Health, Inc., one of the fastest-growing providers of healthcare staffing, announced on November 29 that it has agreed to acquire HealthCare Support, a national healthcare staffing platform providing a full range of customized hiring solutions across the country. Financial terms of the transaction, which is expected to close in the first quarter of 2022, were not disclosed. Ingenovis Health is a leading tech-enabled platform for healthcare staffing backed by private investment firms Cornell Capital and Trilantic North America. Formed by the combination of trustaff, CardioSolution, Fastaff Travel Nursing, U.S. Nursing Corporation and Stella.ai, Ingenovis Health combines the power... Read More »
Edifecs to Acquire Health Fidelity
On November 22, Edifecs, Inc. announced that it has signed a definitive agreement to acquire Health Fidelity, a leading provider of risk adjustment solutions for the value-based care era. The acquisition is expected to close in mid-December of this year, pending regulatory approval. Founded in 1996, Edifecs is a premier technology company in the United State healthcare market with solutions focused on interoperability, workflows, value-based care payments and analytics. The company is headquartered in Bellevue, Washington, with additional offices in Atlanta, Georgia and Mohali, India, an engineering center in Moldova and has more than 750 employees globally. Health Fidelity is a San Mateo,... Read More »Schedule a demo
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