AdventHealth Buys Winter Park Property

AdventHealth Buys Winter Park Property

On December 14, AdventHealth, a nonprofit health system based in Altamonte Springs, Florida, acquired a 3.88-acre property in Winter Park, Florida for $5 million from Backworks LLC, according to Orange County property records. The Winter Park property located at 1605 W. Fairbanks Avenue features a 14,132-square-foot medical office building built in 2005. The previous owner, Backworks, acquired the property from Anita and Walter Gilmore for $1.6 million in 2003, according to the Orange County property appraiser. AdventHealth Winter Park, formerly Winter Park Memorial Hospital, is located about 3.1 miles from the property. AdventHealth, formerly Adventist Health System, is a faith-based,... Read More »
Highlands Hospital Joins Penn Highlands Healthcare

Highlands Hospital Joins Penn Highlands Healthcare

Penn Highlands Healthcare, a not-for-profit health system located through northern Pennsylvania, has added another facility under its banner. Highlands Hospital, formerly known as Cottage State Hospital, has agreed to join the Penn Highlands network, which is expected to take full effect in early 2022. Highlands Hospital provides patient care as a non-profit general acute care hospital located in Laurel Highlands of Southwestern Pennsylvania. Highlands Hospital is in affiliation with Cleveland Clinic Children’s Center for Autism helps to provide families educational and behavioral treatment. The hospital has 61 beds and generated approximately $26.7 million in revenue in 2020, but the... Read More »
Ivy Rehab Makes Second Acquisition of 2021

Ivy Rehab Makes Second Acquisition of 2021

Ivy Rehab, a national leader in outpatient musculoskeletal rehabilitative services, announced that it acquired Back in Action Physical Therapy, growing its North Carolina footprint. The details of the transaction were not disclosed. Founded in 2003 and based in Harrison, New York, Ivy Rehab Physical Therapy is a portfolio company of Chicago-based private equity firm Waud Capital Partners. Ivy Rehab provides a comprehensive offering of physical therapy services through its more than 90 centers in the Northeast and Midwest regions of the United States. Back in Action is a privately owned physical therapy clinic that specializes in rehabilitation from orthopedic and sports related injuries.... Read More »
Andrews Sports Medicine & Orthopaedic Center Finalizes Partnership With U.S. Orthopaedic Partners

Andrews Sports Medicine & Orthopaedic Center Finalizes Partnership With U.S. Orthopaedic Partners

On December 16, U.S. Orthopaedic Partners (USOP), the rapidly expanding network for private orthopaedic practices in the Southeastern United States, finalized a new partnership agreement with Andrews Sports Medicine & Orthopaedic Center (ASMOC). U.S. Orthopedic Partners, a platform company of private equity firm FFL Partners, is a full-service, integrated orthopedic care platform that provides the full continuum of musculoskeletal treatment to patients in the Southeastern U.S. The USOP platform partners with industry-leading practices to deliver highly specialized insight, tools, resources, training, education and access to leading-edge technologies. USOP is also backed by The Thurston... Read More »
DispatchHealth Buys Dynamic Mobile Imaging

DispatchHealth Buys Dynamic Mobile Imaging

On December 14, DispatchHealth announced that it has acquired Dynamic Mobile Imaging (DMI), a 24-hour mobile x-ray and ultrasound company servicing all of Virginia, Maryland and the Washington D.C. area. The financial terms of the transaction were not disclosed. DispatchHealth provides on-demand acute care and an advanced level of medical care for people of all ages in the comfort of their own homes. The company works closely with payers, providers, health systems, EMS, employer groups and others to deliver care in the home to reduce unnecessary emergency room visits, hospital stays and readmissions. Originally launched as an in-home care urgent care startup, DispatchHealth sees mobile... Read More »

RCA Strikes its Tenth Deal of 2021

Retina Consultants of America (RCA), a comprehensive physician management services organization, announced that it had acquired Mississippi Retina Associates (MRA), adding the ophthalmology practice to its national portfolio. The terms of the deal were not disclosed. RCA is a comprehensive physician management services organization. Formed by Webster Equity Partners and based in Southlake, Texas, RCA partners with retina specialists to help grow their practice. It employs upwards of 1,600 people, 160 of the employees being physicians. RCA includes practices in California, Colorado, Kansas, Kentucky, Florida, Missouri, New York, North Carolina, South Carolina and Texas. For more than 35... Read More »
LongueVue Capital Partners With IVFMD And Launches Fertility Specialists Network

LongueVue Capital Partners With IVFMD And Launches Fertility Specialists Network

LongueVue Capital (LVC), a New Orleans-based private equity firm, solidified its first partnership with the acquisition of IVFMD, a leading fertility treatment platform with three locations serving the Dallas-Fort Worth (DFW) MSA. Alongside this partnership, LVC also announced that, in conjunction with fertility industry veterans H. Ron Davidson and Boris Vaisman, it has launched Fertility Specialists Network (FSN), a provider of clinical, operational and administrative services to fertility practices. Founded in 2001, LongueVue Capital is a New Orleans-based private equity firm that focuses on providing human capital, financial capital, and a skill set built upon a... Read More »
Ivy Rehab Makes Second Acquisition of 2021

ATI Physical Therapy Acquires Auburn Physical Therapy, Expanding Michigan Presence

On December 8, ATI Physical Therapy, the country’s largest single-branded outpatient physical therapy provider, announced that it had acquired Auburn Physical Therapy for an undisclosed amount. Founded in 1996, ATI Physical Therapy is a comprehensive orthopedic rehabilitation provider, specializing in research-based physical therapy, work conditioning, functional capacity evaluations, sports medicine, women’s health and employer worksite solutions. Based in the Chicago suburb of Bolingbrook, it operates 900 clinics (with 22 of those clinics under management service agreements) across Illinois. Auburn Physical Therapy opened in 2003 in Auburn, Michigan, and later expanded to include... Read More »
CVS Health Maps Out Future Plans

CVS Health Maps Out Future Plans

During a yearly investor meeting, CVS Health laid out its plans to use telemedicine, new clinics and teams of doctors, nurses and pharmacists to push deeper into managing customer health. The company outlined a future that it expects to be defined by delivering care with what it sees as a unique mix of resources. CVS Health reaches more people and improves the health of communities across America through its local presence, digital channels and over 300,000 dedicated colleagues, including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. The Woonsocket, Rhode Island-based healthcare company owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, the country’s... Read More »
Midwest Vision Acquires Discover Vision Centers

Midwest Vision Acquires Discover Vision Centers

Midwest Vision Partners LLC, an eye care practice management group, announced that it had acquired Discover Vision Centers, the largest eye care services provider in the Kansas City region.  Backed by New York-based investment firm The Firmament Group, and a portfolio company of Alpine Investors, Midwest Vision Partners is a managed service organization that provides nonmedical services to its network of ophthalmologists in Kansas, Missouri and Ohio. Headquartered in Chicago, Illinois, it was founded in 2019 and is currently run by CEO Jorge Lopez. Founded in 1973, the locally owned business, Discover Vision Centers, is the Kansas City region’s leading eye care team. Discover Vision... Read More »