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BlackRock, Inc. Expands Hospice Network in Texas to 79 Facilities

BlackRock, Inc. Expands Hospice Network in Texas to 79 Facilities

BlackRock, Inc. has a notable hospice presence in Texas, now affording itself a presence in 79 facilities, according to the latest data from the Centers for Medicare & Medicaid Services. Texas emerges as the state with the company’s most substantial network, contributing to its national portfolio of 379 facilities, each with partial ownership ranging between 5% and 50%. Beyond Texas, Blackrock affiliates with hospice services in other key states such as Florida and Alabama, maintaining commitments to 38 and 19 facilities, respectively. This presence reflects its broader strategy within the healthcare industry, emphasizing hospice care among other sectors. Alongside hospice... Read More »
Webster Equity Partners Expands Hospice Affiliations in California

Webster Equity Partners Expands Hospice Affiliations in California

Webster Equity Partners expands its hospice presence in California through substantial affiliations with 14 facilities. According to the most recent CMS data, this positions it among the state’s leading hospice affiliates, alongside competitors such as Bristol Hospice Holdings Inc and Kaiser Foundation Hospitals, each also affiliated with 14 facilities. The organization extends its reach across 46 facilities nationally, solely within the hospice sector. The ownership structure of Webster Equity Partners Iv Bristol Cf Lp reveals partial ownership stakes—ranging from 5% to near full ownership—in almost all its facilities. This illustrates a strategy centered on collaborative affiliations... Read More »
Guardian Pharmacy Services Acquires Senior Care Pharmacy 

Guardian Pharmacy Services Acquires Senior Care Pharmacy 

On May 15, Guardian Pharmacy Services announced that it purchased Senior Care Pharmacy for an undisclosed price.   Senior Care Pharmacy is a long-term care (LTC) specialty pharmacy based in Wichita, Kansas. It serves a range of communities, including LTC facilities, assisted living, group homes, home health and mental health.  Headquartered in Atlanta, Guardian Pharmacy Services is one of the nation’s largest LTC pharmacy companies. Guardian’s pharmacies provide client services and resident care to LTC communities, including assisted living and skilled nursing, group home, behavioral health and to organizations that serve individuals with intellectual and... Read More »
Top Medical Outpatient Building Deals of 2025 (So Far) 

Top Medical Outpatient Building Deals of 2025 (So Far) 

Overall M&A Volume and Top Players  The halfway point for 2025 is nearly here, so the team at LevinPro HC wanted to take this opportunity to review the top deals of the year in the Medical Outpatient Building sector. M&A activity in the sector has been slow compared with 2024, with only 74 deal announcements so far. Annualized, that’s approximately 160 deals (give or take), much lower than the 212 deals announced in 2024.   Most of the deals (58 of them) this year have targeted a single property, averaging approximately 41,800 square feet. However, there have been a handful of portfolio deals, with those deals averaging 88,200 square feet.   Total announced deal... Read More »
Viemed Healthcare Acquires Lehan Drugs for $26 Million 

Viemed Healthcare Acquires Lehan Drugs for $26 Million 

Viemed Healthcare, Inc. announced on May 6 that it entered into an agreement to acquire Lehan Drugs, Inc. Lehan is being acquired for a base purchase price of $26 million, subject to customary net working capital adjustments and an estimated $2.2 million of contingent payments.   Lehan Drugs is a provider of durable medical equipment with six locations: five in Illinois and one in Wisconsin. Its products include sleep apnea machines, mobility aides and breast pumps. According to the original deal press release from May 6, 2025, Lehan generated net revenues of approximately $25.7 million and Adjusted EBITDA of approximately $7.4 million in 2024.  Viemed Healthcare is a... Read More »
BlackRock, Inc. Expands Hospice Network in Texas to 79 Facilities

Kaixin Pharmaceuticals Acquires CASI Pharmaceuticals Assets for $20 Million 

On May 12, Kaixin Pharmaceuticals, Inc. announced that it entered into an agreement to acquire assets of CASI Pharmaceuticals. The purchase price is $20 million, which shall include assumption of up to $20 million of indebtedness of CASI.  CASI Pharmaceuticals is a Cayman Island incorporated biopharmaceutical company focused on developing and commercializing therapeutics and pharmaceutical products.  Kaixin Pharmaceuticals is a Cayman Islands incorporated entity wholly-owned by Dr. Wei-Wu He, Chairman of the board of directors and CEO of CASI Pharmaceuticals and two direct subsidiaries of CASI Pharmaceuticals in China.  Under the terms of the agreement, Kaixin... Read More »
Porch Light Health Acquires Comprehensive Behavioral Health Center 

Porch Light Health Acquires Comprehensive Behavioral Health Center 

Porch Light Health, based in Denver, Colorado, announced its first acquisition of the year with the purchase of Comprehensive Behavioral Health Center.  Comprehensive Behavioral Health Center is a provider of substance use disorder treatments. It is a respected opioid treatment program (OTP). The practice operates out of two locations in Colorado: Denver and the Denver suburb of Lakewood.  Porch Light Health (formally Front Range Clinic) provides low-barrier, high-access, quality medical addiction treatment to those affected by substance use disorders and related medical conditions. It is one of the largest addiction medicine practices in Colorado, offering outpatient Medications... Read More »
All Star Healthcare Solutions Acquires Healthcare Staffing Company Integrity Locums

All Star Healthcare Solutions Acquires Healthcare Staffing Company Integrity Locums

All Star Healthcare Solutions announced the strategic acquisition of Integrity Locums, a relationship-focused locum tenens staffing firm. Established in 2012, Integrity Locums matches physicians and advanced practice providers with healthcare facilities facing coverage challenges. The company is headquartered in Centennial, Colorado. All Star Healthcare Solutions is a premier, full-service healthcare staffing firm focused exclusively on the locum tenens market. The company was established in 2003 and is headquartered in Deerfield Beach, Florida. All Star partnered with Knox Lane, a San Francisco, California-based private equity firm, in May 2024. This marks the first acquisition since All... Read More »
Flourish Research Continues Expansion with CARE Deal

Flourish Research Continues Expansion with CARE Deal

Flourish Research has announced the acquisition of the Center for Advanced Research & Education (CARE) based in Gainesville, Georgia. CARE is a multi-therapeutic research facility dedicated to advancing innovation in healthcare through conducting phase I-IV clinical trials. Founded in 1998, CARE has conducted more than 150 clinical trials across multiple therapeutic areas. Based in New York City, Flourish Research is a fully integrated clinical trial organization in North America. The company has sites throughout Alabama, California, Florida, Illinois, North Carolina, Pennsylvania and Texas. Flourish has conducted more than 3,700 trials across more than 15 therapeutic areas and more... Read More »
Big Sky Medical Acquires Rockwall, Texas Medical Outpatient Building 

Big Sky Medical Acquires Rockwall, Texas Medical Outpatient Building 

Big Sky Medical, based in Dallas, Texas, announced on May 6 that it purchased a medical outpatient building (MOB) in Rockwall, Texas.  The MOB, called Lake Pointe Medical Plaza, comprises 46,359 square feet and is located on the campus of Baylor Scott & White Medical Center – Lake Pointe. It comprises two buildings and houses a diverse mix of medical tenants, including Baylor Scott & White affiliates.  Big Sky Medical is a national real estate investment management firm that invests in healthcare-related real estate, with a concentration in the medical outpatient and life science sectors. The firm, which is headquartered in Dallas, has more than $2 billion in healthcare... Read More »