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Trulieve Cannabis Merges With Harvest Health
The medical marijuana market just got its biggest merger. Trulieve Cannabis Corp. (OTC: TCNNF), a vertically integrated “seed-to-sale” company, announced last week the acquisition of Harvest Health & Recreation Inc. for $2.1 billion. Harvest Health is a vertically integrated medical cannabis company and multi-state operator. The company also operates retail locations. Trulieve will acquire all Harvest Shares, with each Harvest Shareholder receiving 0.1170 of a Trulieve Share for each Harvest Share, implying a price per Harvest Share of $4.79, a 34% premium to the May 7, 2021 closing price. Harvest Health generated $231.6 million in revenue in 2020 and... Read More »
Amedisys Acquires VNA Home Health Business
The home health giant Amedisys, Inc. (NASDAQ: AMED) announced last week it was acquiring the home health business of Visiting Nurse Association in Omaha, Nebraska. The business has 400 providers serving Omaha, Council Bluffs and surrounding communities. The financial terms of the deal were not disclosed, although the companies said they expect the deal to close on or around July 1. Amedisys provides personalized home health, hospice and personal care. The company has approximately 21,000 employees in 514 care centers within 39 states and the District of Columbia who deliver care. Amedisys purchased the business from VNA because it was looking to expand its presence in the Omaha and... Read More »
Community Psychiatry Management Expands Its Network
The San Francisco-based behavioral healthcare company Community Psychiatry Management, LLC is expanding its footprint. The company last week announced the acquisition of MindPath Care Centers, which provides medication management and individual therapy both in-office and via telehealth, addiction recovery services, group therapy sessions and transcranial magnetic stimulation therapy at more than 25 locations in the Carolinas. The merger of the two companies expands the reach of each organization, more than doubling the number of mental health care provider locations to 70 offices and bringing the combined number of clinicians to more than 325. Community Psychiatry Management is backed... Read More »
Health Care M&A Deals, May 14, 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 HealthCareMandA.com Deal Database, 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 is Trulieve Cannabis Corp.’s acquisition of Harvest Health & Recreation Inc. for $2.1 billion. Harvest Health is a vertically integrated medical cannabis company and multi-state operator. The company also operates retail locations. The deal gives Trulieve a wider, national... Read More »Science 37 Goes Public in SPAC Deal
Another week, another SPAC deal. This time, Science 37, Inc. is merging with LifeSci Acquisition II Corp. (NASDAQ: LSAQ), a special purpose acquisition company (SPAC) targeting the biopharma, medical technology, digital health and healthcare services sectors. The transaction values Science 37 at a total enterprise value of $1.05 billion and a fully distributed equity value of approximately $1.3 billion at signing. Science 37 shareholders could also get $125 million in achievement milestones. Science 37 developed the Decentralized Clinical Trial Operating System, which provides workflow coordination, evidence generation and data synchronization, allowing companies to conduct fully... Read More »
Health Care M&A Deals, May 7, 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 HealthCareMandA.com Deal Database, 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 is HCA Healthcare’s divestment of four hospitals in Georgia valued at $950 million. The buyer is Piedmont Healthcare, a not-for-profit hospital system based in Atlanta, Georgia. The four hospitals are Eastside Medical Center (310 beds, Snellville), Cartersville Medical Center (119 beds, Cartersville), and Coliseum Health System, which includes... Read More »
Walmart Acquires Telehealth Platform
The retail behemoth Walmart (NYSE: WMT) is pushing deeper into healthcare. Last week, Walmart announced the acquisition of MeMD a national telehealth provider. The company was founded in 2010 and provides virtual care nationwide, leveraging the latest online technologies to deliver high-quality care 24/7. MeMD delivers medical and mental health visits to millions of members nationwide. This is not Walmart’s first foray into healthcare. MeMD will be merged with Walmart Health, a network of primary care clinics providing services ranging from optometry and mental health counseling services to dental care. The first location opened in 2019 in Dallas, but by the end of 2021, the company... Read More »
The MENTOR Network Expands in Texas
Private equity-backed The MENTOR Network is widening its footprint in Texas. The company is adding Sage Care Therapy Services, which currently serves 900 young people across North Texas. Its pediatric therapy offerings include physical therapy, occupational therapy, speech therapy and feeding therapy customized to each patient’s unique needs. Sage Care Therapy employs a multidisciplinary team, including bilingual therapists and translators, allowing the company to better meet the needs of the diverse community in Dallas, where the company is headquartered. This deal expands MENTOR’s offerings to include home-based delivery of pediatric therapies for children up to 21 years old in North... Read More »
HCA Healthcare Divests 4 Georgia Hospitals
The for-profit health system HCA Healthcare is downsizing, selling four hospitals in a deal valued at $950 million. The buyer is Piedmont Healthcare, a not-for-profit hospital system based in Atlanta, Georgia. The four hospitals are Eastside Medical Center (310 beds, Snellville), Cartersville Medical Center (119 beds, Cartersville), and Coliseum Health System, which includes two acute care hospitals (310-bed Coliseum Medical Centers and 103-bed Coliseum Northside). Coliseum Health System also houses the Coliseum Center for Behavioral Health, a 40-bed inpatient behavioral health facility in Macon, which was included in the deal. ... Read More »Schedule a demo
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