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HomeCentris Healthcare Acquires Grace Home Healthcare
On November 26, HomeCentris Healthcare, LLC announced that it had acquired Grace Home Healthcare, LLC. The deal was closed in October for an undisclosed amount. Headquartered in Owings Mills, Maryland, HomeCentris Healthcare, LLC is an independent home and community-based care organization. It was founded in 2000 and provides its services to private pay clients, Medicaid waiver clients, Medicare clients, veterans, and clients with other third-party payors. With five different locations throughout Maryland, HomeCentris is the state’s largest Medicaid home care provider. In addition, HomeCentris provides personal care services in Philadelphia and Harrisburg, Pennsylvania. Based in Fairfax,... Read More »
PE-Backed Access Dental Management Acquires Two Practices
Last week, private equity-backed Access Dental Management LLC announced that two new dental practices will be joining its network, Optim Dental and Vogue Dental (collectively, Optim Dental). Optim Dental is a multi-million dollar dentistry operation and has built up a growing network of five large dentistry practices throughout North Central Illinois, along with a sixth location in Indiana. The group serves patients with personalized dental treatment and advanced professional care. The deal is valued at around $10 million. The transaction marks Access Dental’s entry into the Illinois and Indiana markets and constitutes the fourth add-on acquisition closed by the organization so far in... Read More »
Pharos Capital’s Charter Health Care Group Acquires Silver Linings Hospice Care
Pharos Capital Group, LLC has announced the acquisition by its post-acute care provider platform Charter Health Care Group of Silver Linings Hospice Care in Albuquerque, marking Charter’s first move into the New Mexico market. Financial terms were not disclosed. Pharos Capital is a physician-founded private equity firm based in Dallas and Nashville. With over $1.3 billion of private equity assets under management as of September 30, 2021, Pharos Capital invests in growing healthcare companies that aim to lower the total cost of care, improve patient outcomes and expand access to care in underserved markets. Charter Health Care is an integrated post-acute care provider offering hospice,... Read More »
Bain Capital & Hellman & Friedman Acquire athenahealth in $17 Billion Deal
The digital health giant athenahealth, Inc. has found two new investors in a $17 billion acquisition. Affiliates of Hellman & Friedman and Bain Capital are joining up to purchase athenahealth from Evergreen Coast Capital and Veritas Capital, which acquired athenahealth and took it private back in 2019 for $5.7 billion. athenahealth partners with more than 140,000 ambulatory care providers, throughout all 50 states and across more than 120 specialties to help these businesses improve care while also optimizing financial performance. The company’s software suite, including its athenaOne cloud platform, provides physician practice-focused services, such as patient... Read More »
CloudMD Acquires MindBeacon
On November 15, CloudMD Software & Services Inc. announced that it will acquire MindBeacon Holdings Inc. for C$116 million, or the equivalent of $92.4 million. Based in Toronto, Canada and founded in 2016, MindBeacon is a leading digital mental healthcare platform that provides a continuum of care, focusing on iCBT (internet-based Cognitive Behavioral Therapy), which is an effective therapy provided through a computer or a mobile device. MindBeacon has established relationships across a broad spectrum of B2C and B2B distribution channels, including healthcare providers, employers and governments. CloudMD, formed in 2013 and previously known as Premier Health Group, offers SAAS-based... Read More »
Concentra Scoops Up Yet Another Occupational Medicine Practice
Concentra, a national leader in occupational medicine, announced on November 15 the acquisition of Med Center 100, a Tower Health-operated occupational medicine practice in Exton, Pennsylvania. Following completion of the sale, Med Center 100’s new name will be Concentra Exton. Founded in 1979 in Amarillo, Texas, Concentra is a national healthcare company focused on improving the health of America’s workforce, one patient at a time. The company provides occupational medicine, urgent care, physical therapy and wellness services from nearly 520 medical centers nationwide and operates more than 130 onsite medical facilities. The Med Center 100 acquisition will enable Concentra to provide... Read More »
Colorado Springs Urological Associates Join Solaris Health
On November 15, Solaris Health Holdings announced that Colorado Springs Urological Associates (CSUA), a premier urology practice serving Colorado Springs, Colorado and the surrounding area, has entered into a definitive agreement to join as an affiliate practice. The terms of the deal, which is expected to close in Q4 of 2021, were not disclosed. Solaris, a financial partner of Lee Equity Partners, is the nation’s leading provider of independent urological services. Founded in 2020 and based in Fort Lauderdale, Florida, Solaris is proud to be among the most innovative medical organizations in the United States. CSUA is the leading provider of urologic care in Colorado. The company is a... Read More »
Centene Corporation Sells Majority Stake in U.S. Medical Management, LLC
The managed care-giant Centene Corporation is divesting a majority share in U.S. Medical Management, LLC (USMM) to several buyers in a deal announced earlier in November. No price was disclosed for this deal, but Centene purchased USMM in 2013 for $200 million, or 0.6x that year’s expected revenue for USMM. USMM provides a continuum of in-home services including primary care, health risk assessments, home health, hospice, podiatry, radiology DME, lab and pharmacy. USMM also owns several allied health assets, which assist in the provision of home-based primary care and furthers the value and efficiency of house call medicine. USMM Accountable Care Partners (USMM ACP) launched as an... Read More »
Ventas Enters the Behavioral Health Market
On November 5, Ventas, Inc. announced it acquired an Eating Recovery Center medical office building in Plano, Texas for $58 million. The building is a 102,000-square-foot facility with 72 inpatient beds. Founded in 1998, Ventas, Inc., owned by The Vanguard Group, is the largest health care REIT in the U.S., owning seniors housing and care properties, medical office buildings and LTAC hospitals with roughly 1,200 properties. Since 2004, Ventas has made more than $40 billion in strategic investments. The Eating Recovery Center (ERC), founded in 2009, is one of the largest eating disorder treatment providers in the United States with 35 centers across Colorado, California, Illinois, Texas,... Read More »Schedule a demo
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