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Ventas Buys New Senior Investment Group
The publicly traded REIT Ventas (NYSE: VTR) has announced a deal for New Senior Investment Group (NYSE: SNR), a real estate investment trust with a portfolio of 103 senior housing properties and 12,404 total units, the vast majority being independent living, located across 36 states. SNR was spun off from Newcastle Investment Corp. in November 2014. Major operating tenants/managers include Holiday Retirement (65 properties), Atria (21) and others including Grace Management, Merrill Gardens, Hawthorn Senior Living and Watermark Retirement Communities. The total purchase price, including assumed debt of $1.5 million, comes to $2.3 billion, or about $185,400 per unit. Under the terms of the... Read More »
Verisys Corporation and Aperture Health Merge in PE-Backed Deal
Two digital health companies, Verisys Corporation and Aperture Health, have been acquired and combined by funds managed by Stone Point Capital, a Greenwich, Connecticut-based private equity firm. No terms were disclosed. Verisys provides a comprehensive cloud-based technology platform of data, analytics, and services that supports enterprise-wide compliance in the U.S. healthcare industry. The company’s platform protects healthcare consumers by enforcing competency and regulatory compliance, system integrity, and patient safety through transparency. The company has been around for more than 30 years. Aperture Health helps health plans, health systems, and state Medicaid agencies... Read More »
Health Care M&A Deals, July 2, 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. The largest deal of the week based on disclosed price is the reverse merger of The Oncology Institute of Hope and Innovation by DFP Healthcare Acquisitions Corp., a publicly traded SPAC, valued at $842 million. The Oncology Institute has more than 80 board-certified hematologists/oncologists spread throughout 50 offices in Arizona, California and Nevada. It was... Read More »
The Oncology Institute Goes Public
Even SPACs are getting involved in the physician medical group market. The Oncology Institute of Hope and Innovation, the largest community oncology practice in California, just announced it was going public in an $842 million merger with DFP Healthcare Acquisitions Corp. (NASDAQ: DFPH), a SPAC sponsored by an affiliate of Deerfield Management Company, L.P. The Oncology Institute was formed just this past March by a joint venture between Havencrest Healthcare Partners, M33 Growth and ROCA Partners. The Oncology Institute has more than 80 board-certified hematologists/oncologists spread throughout 50 offices in Arizona, California and... Read More »
Health Care M&A Deals, June 25, 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. The largest deal of the week based on disclosed price is Pear Therapeutics, Inc.’s reverse merger with Thimble Point Acquisition Corp., a special purpose acquisition company managed by the Pritzker Vlock Family Office. Pear develops clinically validated software-based therapeutics to provide better outcomes for patients, smarter... Read More »
Select Medical and Northwest Healthcare Acquire Hospital in Tuscon
Last week, Select Medical and Northwest Healthcare announced a definitive agreement to form a joint venture and acquire Curahealth Tucson. No purchase price or hospital financials were disclosed. Curahealth Tucson is a 47-bed long-term acute care hospital owned by Community Health Systems (NYSE: CYH), which is divesting the hospital. Northwest Healthcare is an integrated healthcare provider in Tucson, and includes multiple hospitals and clinics, such as Northwest Medical Center, Oro Valley Hospital, Northwest Medical Center Sahuarita, Northwest Emergency Centers in Vail and Marana, three Northwest Urgent Care locations, Northwest Women’s... Read More »
Pear Therapeutics Goes Public
Another week, another SPAC deal. Pear Therapeutics, Inc., a leader in prescription digital therapeutics (PDTs), has announced it is merging with Thimble Point Acquisition Corp. (NASDAQ: THMA), a special purpose acquisition company managed by the Pritzker Vlock Family Office. Pear develops clinically validated software-based therapeutics to provide better outcomes for patients, smarter engagement and tracking tools for clinicians, and cost-effective solutions for payers. The combined business is expected to have a pro forma equity value of approximately $1.6 billion. The new company, Pear Holding Corp., secured a $125 million PIPE from investors including 5AM Ventures, Arboretum... Read More »
Another Deal for GI Alliance
The private equity-backed GI Alliance has had a busy year. With the support of Waud Capital Partners, GI Alliance has announced five deals so far in 2021, expanding its physician network across several markets. The latest was announced last week for Colorado Gastroenterology for an undisclosed sum. Colorado Gastroenterology, with three locations in Denver and Aurora, offers a full spectrum of gastrointestinal services, from routine preventive and diagnostic procedures to treatment of the most complicated gastrointestinal and liver conditions. The practice has four physicians. In March, GI Alliance struck a deal down in Texas, partnering with Austin Gastroenterology. The practice was... Read More »
Akumin Buys Alliance Healthcare Services
The diagnostic imaging provider Akumin Inc. (NASDAQ: AKU) has announced a definitive agreement to acquire Alliance Healthcare Services for approximately $820 million. Alliance HealthCare Services provides outsourced advanced radiology and radiation therapy services across 45 states in the U.S. Alliance partners with more than 1,000 hospitals, health systems and physician practices. It was owned by Tahoe Investment Group. Upon closing of the transaction, the combined company will offer the most comprehensive radiology and oncology solutions to patients in the U.S., operating in 46 states, with more than 1,000 hospital and health system customers, 154 independent outpatient radiology... Read More »Schedule a demo
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