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Sharecare Acquires CareLinx

Sharecare Acquires CareLinx

The digital health platform Sharecare, Inc. has moved into the Home Health & Hospice sector. Last week, the company announced a definitive agreement to acquire CareLinx Inc for $65 million, or $54.6 million in cash and $10.4 million in Sharecare common stock.  CareLinx is a technology platform of tech-enabled care providers, both clinical and non-medical, which can be dispatched on-demand to any location. The company has more than 450,000 caregivers in its network, and it couples its home care services with mobile technology to facilitate rich data capture, population health analytics, and the enabling of real-time care coordination with remote clinical teams.  For the year ended... Read More »
Health Connect America Gets New PE Sponsor

Health Connect America Gets New PE Sponsor

The New York City-based Palladium Equity Partners has acquired Health Connect America, Inc., a multi-state behavioral health platform, from Harren Equity Partners. No terms were disclosed.  Health Connect America is a multi-state behavioral health platform that treats a comprehensive mix of issues including conduct disorder, substance abuse, autism disorders and emotional disturbance. The Tennessee-based company serves communities across the Southeast and is primarily reimbursed by Medicaid-funded payors. Health Connect America’s comprehensive service offering seeks to provide long-term and sustainable relationships with key constituents in its referral and... Read More »
Labcorp Expands Presence in Women’s Health

Labcorp Expands Presence in Women’s Health

The global life sciences company Labcorp has announced the acquisition of Ovia Health, a digital health platform focused exclusively on women’s health. No specific financial terms were disclosed. Although Ovia highlights its health application for individual patients that provide daily, personalized family health support and data feedback to guide them through pregnancy, the company also works with employers and health plans. For employers, Ovia offers a platform that integrates within the company’s family benefits ecosystem, offering health plan care management, fertility and family building benefits, onsite and virtual care, patient engagement programs and more. On Ovia’s website,... Read More »

Retina Consultants of America Expands Into North Carolina

PE-backed Retina Consultants of America (RCA) has announced a new partnership with North Carolina Retina Associates (11 physicians), making its way into a new market. North Carolina Retina Associates is the largest retina practice in North Carolina with nine locations from Chapel Hill to Greenville including Raleigh and Wake Forest. The practice is not only a leading medical and surgical retina treatment provider in the greater Raleigh area, but they also donate time and expertise to retinal care globally in countries such as Honduras, Dominican Republic and Nepal. RCA is a network of over 50 leading retina specialists backed by Webster Equity Partners. The group was created in March 2020... Read More »
Health Care M&A Deals, August 13, 2021

Health Care M&A Deals, August 13, 2021

The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our new LevinPro Healthcare and LTC platform, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. To subscribe to our Health Care M&A deals chart and more, visit our membership site. LevinPro is devoted to healthcare merger and acquisition data for the serious analyst and investor. Every day, this service alerts you to developments in all the key segments of the health care service and technology markets. Behavioral Health... Read More »
Health Care M&A Deals, August 13, 2021

Health Care M&A Deals, August 6, 2021

The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our new LevinPro Healthcare and LTC platform, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. To subscribe to our Health Care M&A deals chart and more, visit our membership site. LevinPro is devoted to healthcare merger and acquisition data for the serious analyst and investor. Every day, this service alerts you to developments in all the key segments of the health care service and technology markets Biotechnology  AcquirerTargetPriceBayer AGVividion... Read More »
NexCore & Nuveen Buy 29-Asset Healthcare Portfolio for $620.4 Million

NexCore & Nuveen Buy 29-Asset Healthcare Portfolio for $620.4 Million

NexCore Group, a national healthcare real estate developer, and Nuveen Real Estate, one of the five largest global real estate investment managers, have closed on their sixth transaction together. The pair have struck a deal to acquire a healthcare real estate portfolio, which includes 29 assets spanning 13 states and totaling 1,165,173 square feet, from IRA Capital for $620.4 million, or $532 per square foot. It’s one of the largest healthcare real estate transactions in 2021 so far.  The portfolio consists of $463 million in medical office buildings (MOBs) and $157 million in life sciences facilities. The release did not specify the facilities or the locations. The transaction expands... Read More »
Healthcare M&A Activity Comes Under Fire

Healthcare M&A Activity Comes Under Fire

Less than a month ago, National Nurses United submitted a letter to the Federal Trade Commission expressing concern over not-for-profit Piedmont Healthcare’s potential to become a health care monopoly in the Atlanta area. The system currently owns 11 hospitals, five urgent care centers, 25 retail pharmacy care locations and 555 physician practice locations. The health system recently closed a $950 million deal to acquire four HCA Healthcare hospitals in Atlanta and has signed a letter of intent to purchase University Health Care System, which has three hospital campuses in the market. Piedmont Healthcare isn’t the only strategic buyer under fire. Most notably and recently, the U.S.... Read More »
The Healthcare SPAC Market

The Healthcare SPAC Market

For the past two years, the healthcare M&A market has seen a surge of deals involving SPACs, or special purpose acquisition companies created solely as a vehicle for emerging companies to go public. These deals, called a de-SPAC transaction, seem to be surfacing once a week in the healthcare market, a trend not unique to this industry either. Here’s how they start: a sponsor company or investor, sometimes a private equity firm or investment firm, creates a public shell company and then raises funds and capital, called a private investment in public equity, or PIPE, under the idea that it will use those funds to find a target private company. Investors can buy into the PIPE at a low... Read More »

The Primary Care Market Heats Up

Since the COVID-19 pandemic hit, there have been more than the usual number of large deals focused on primary care providers and clinics in North America. These clinics staff physicians (but are not run by them, like a physician group) and other healthcare providers to help patients with routine, non-emergency medical issues, and are often the first stop for a patient seeking treatment. A wide range of investors and strategic buyers have been moving into this space this year. Cano Health, Inc. (NYSE: CANO), one of the more active buyers, announced two deals in the second quarter expanding its primary care network in Florida. In June, it purchased University Health Care and its affiliates,... Read More »