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Apax Partners and Oak HC/FT Join Forces in Eating Recovery Center Deal

Apax Partners and Oak HC/FT Join Forces in Eating Recovery Center Deal

Two leading investment firms, Apax Partners and Oak HC/FT, have joined forces to purchase the treatment provider Eating Recovery Center (ERC). The two companies acquired Denver-based ERC from CCMP Capital, a global private equity firm headquartered in New York, New York, for a reported $1.4 billion. Founded in 2008, ERC is one of the largest eating disorder treatment providers in the U.S., with 30 centers across Colorado, California, Illinois, Texas, Ohio, Maryland and Washington. ERC’s treatment offerings include inpatient services, intensive outpatient programming and virtual care. ERC operates a division called ERC Pathlight, which provides mood and anxiety treatment to patients. The... Read More »
Pathways Acquires Residential Behavioral Health Company, Renew Consulting

Pathways Acquires Residential Behavioral Health Company, Renew Consulting

Pathways Health and Community Support, LLC announced it has completed the acquisition of Renew Consulting, an industry-leading residential behavioral health company servicing the diverse needs of behavioral health residents throughout Northwest Oregon. Founded in 2004, Renew Consulting is a service-driven organization committed to providing customized, person-centered support for individuals with developmental disabilities and mental health needs. The organization provides 24-hour care in community-based residential homes across seven Northwest Oregon counties. Integrating Renew Consulting’s programs and services into Pathways’ current offerings will enable Pathways to broaden the field of... Read More »
Ob Hospitalist Group Partners With Kohlberg & Company

Ob Hospitalist Group Partners With Kohlberg & Company

Ob Hospitalist Group (OBHG), the largest dedicated provider of customized obstetric hospitalist programs in the nation, announced it has been acquired by Kohlberg & Company, LLC from Gryphon Investors, a San Francisco-based leading private equity firm focused on growing and enhancing mid-market companies in partnership with management. OBHG’s management team will remain with the company and retain a significant stake in OBHG. Founded in 2006, OBHG is the leading national provider of 24-7 obstetric coverage, serving approximately 200 hospitals across 34 states. Headquartered in Greenville, South Carolina, OBHG’s vast network of 1,100 skilled and dedicated obstetric physicians across the... Read More »
Amulet Capital Partners Acquires Remedy Health Media

Amulet Capital Partners Acquires Remedy Health Media

Last week, Amulet Capital Partners, LP announced the acquisition of Remedy Health Media, a leading digital health platform serving patients, caregivers and healthcare providers through a family of trusted health information websites. Amulet acquired Remedy from Topspin Consumer Partners, a Mamaroneck, NY-based private equity firm that invests in established, profitable and fast-growing middle-market consumer businesses. Terms of the transaction were not disclosed. Established in 1994, Remedy Health Media is the nation’s fastest-growing health information and technology company. The company produces, publishes and distributes inspiring, authentic and action-oriented digital content to... Read More »
New York Bariatric Group Adds Long Island Bariatrics, PLLC

New York Bariatric Group Adds Long Island Bariatrics, PLLC

Private equity-backed New York Bariatric Group (NYBG) is expanding with the acquisition of Long Island Bariatrics, PLLC, an independent bariatric practice with a strong presence in eastern Long Island, New York. NYBG is widely known as the preeminent bariatric practice in the Northeast and has offices throughout New York, New Jersey and Connecticut. Sentinel Capital Partners acquired the group back in 2019 through the purchase of SSJA Bariatric Management, LL, which provides administrative support services to multiple hospitals and 15 bariatric surgery offices in New York, New Jersey, and Connecticut that collectively operate as NYBG. With the investment from Sentinel Capital Partners,... Read More »
MountainStar Healthcare Acquires Steward Health Care Utah Portfolio

MountainStar Healthcare Acquires Steward Health Care Utah Portfolio

MountainStar Healthcare, the Utah-based headquarters of HCA Healthcare’s Mountain Division, has acquired five Utah hospitals from Steward Health Care, expanding its presence in the West. Founded in 2006, MountainStar Healthcare is an integrated system of hospitals, physician clinics and outpatient centers that is making healthcare more accessible and convenient. MountainStar’s eight hospitals and numerous care centers serve the Wasatch Front, from Logan to Payson and beyond, with care also available throughout Salt Lake County, Weber County, Davis County and Utah County. Steward Health Care is the largest physician-owned private for-profit health care network in the United... Read More »
Walgreens Acquires Pharmacy Company Shields Health Solutions

Walgreens Acquires Pharmacy Company Shields Health Solutions

Walgreens Boots Alliance, Inc. (WBA), the holding company that owns the retail pharmacy chain Walgreens, has announced a new majority investment for Shields Health Solutions valued at $970 million. Shields Health Solutions is a specialty pharmacy that partners with hospitals and health systems to provide integrated care management for special disease states. Over the last two years, Shields has rapidly expanded its platform, representing more than one million specialty patients across more than 30 disease states, with more than 70 health system partners nationwide.WBA will acquire approximately 71% ownership of Shields, with an option to acquire the remaining equity interests in the... Read More »
PE-Backed Broadstep Behavioral Health Expands in North Carolina

PE-Backed Broadstep Behavioral Health Expands in North Carolina

Broadstep Behavioral Health, a portfolio company of Bain Capital Double Impact Fund, has announced its fourth acquisition of 2021. The behavioral health network is adding Coastal Southeastern United Care, a not-for-profit that offers a continuum of community-based behavioral health and substance abuse services for adults, adolescents, and children with significant identified symptoms interfering with their functioning role in family, school, employment or community. The agency is located in Shallotte, North Carolina and currently serves ten counties in that state: Bladen, Brunswick, Cleveland, Columbus, Gaston, Lincoln, New Hanover, Pender, Robeson,... Read More »
WELL Health Technologies Corp. Strikes Another Deal

WELL Health Technologies Corp. Strikes Another Deal

WELL Health Technologies Corp., the Canadian digital health company, has announced a new deal for Aware MD based in Ontario. The deal is valued at CAD 4.5 million, or roughly $3.6 million. The deal also includes a conditional earn-out based on the overall operating performance of Aware MD of up to $2.7 million. In 2020, Aware MD generated $1.58 million in revenue. Aware MD is an enterprise-class electronic medical records (EMR) provider with an array of products and services for disease specialties including cardiology, radiology, endocrinology, and rheumatology. Aware MD developed the Cerebrum proprietary workflow solution designed for specialists to manage busy and multi-diagnostic... Read More »
Senior Helpers Acquires Miller Home Care

Senior Helpers Acquires Miller Home Care

The national home health chain Senior Helpers has announced the acquisition of Miller Home Care, LLC, a home health agency based in Milwaukee. Miller Home Care provides in-home senior care, offering services ranging from companion care for seniors who need daily assistance to in-depth specialized care for those with Alzheimer’s, Dementia, Parkinson’s and other chronic diseases. No terms were disclosed. This is the first deal for Senior Helpers since it became a subsidiary of Advocate Aurora Enterprises, which is, in turn, a subsidiary of Advocate Aurora Health, one of the 12 largest not-for-profit, integrated health systems in the nation. Advocate Aurora Enterprise was formed to help the... Read More »