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Community Health Systems Sells Cedar Park Regional Medical Center

Community Health Systems Sells Cedar Park Regional Medical Center

Community Health Systems, one of the largest publicly traded hospital chains in the United States, has offloaded another hospital from its portfolio. On April 15, Community Health Systems announced the sale of its 80% stake in Cedar Park Regional Medical Center to Ascension for $460 million in cash, implying a total value of $575 million for the hospital. Cedar Park Regional Medical Center is a 126-bed short-term acute care hospital with a Primary Stroke Center and a Level II Neonatal Intensive Care Unit. According to its most recent cost report data, the hospital generated approximately $181 million in net patient revenue in 2023. For the past few years, Community Health Systems has... Read More »

Bristol Ultimate Holdco, Lp Dominates California Hospice Sector with 42 Full-Owned Facilities

By LevinPro HC Bristol Ultimate Holdco, LP currently affiliates with 43 hospice facilities across the United States, holding full ownership in 42 of these, as reported by the latest data from the Centers for Medicare & Medicaid Services (CMS) as of January 2025. The organization’s primary focus is in the hospice sector, with more than a quarter of its operations situated in California, aligning with its status as a top owner in the state. With 14 facilities in California, Bristol Ultimate Holdco shares its top rank among hospice owners in California with prominent organizations such as Kaiser Foundation Hospitals and Bristol Hospice Topco Inc, which also affiliate with 14... Read More »
Onicx Group Announces First Medical Outpatient Building Acquisition of 2025  

Onicx Group Announces First Medical Outpatient Building Acquisition of 2025  

Onicx Group, based in Tampa. Florida, announced that it acquired a medical outpatient building (MOB) located in King of Prussia, Pennsylvania.  The Merion Building is a 71,800-square-foot Class A MOB. The asset is currently 75% leased and features a strong synergistic tenant roster serving a range of outpatient medical specialties.  Onicx Group is a prominent developer and a trusted real estate partner for health systems and physician practices, with a longstanding focus on healthcare real estate. The company was founded in 2004.  This transaction represents the third asset to be acquired within the last six months by Onicx, and its first in 2025. Onicx has additional... Read More »
Southern Orthodontic Partners Acquires Hunter Family Orthodontics and Rinaldi Orthodontics 

Southern Orthodontic Partners Acquires Hunter Family Orthodontics and Rinaldi Orthodontics 

Southern Orthodontic Partners (SOP) announced the addition of Hunter Family Orthodontics and Rinaldi Orthodontics to its portfolio.   Hunter Family Orthodontics has one location in The Woodlands, Texas. According to its website, there is one physician on staff (Dr. Ross Hunter) who is supported by a team of seven, including three dental assistants.  Rinaldi Orthodontics is based in Mason, Ohio. According to its website, the practice is run by two physicians.  Based in Nashville, Tennessee, SOP is a portfolio company of Shore Capital Partners. SOP works with orthodontic practices to provide expertise in finance, marketing, recruiting, benefits and other practice... Read More »
DermCare Management Acquires Three Dermatology Practices  

DermCare Management Acquires Three Dermatology Practices  

DermCare Management, LLC announced the acquisition of three dermatology practices in Texas.  Skin Cancer Specialists operates out of four locations in Texas: Sugar Land, Conroe, Houston and Katy. According to its website, there are two physicians and three physician assistants on staff.  Team Dermatology is based in Sugar Land, Texas. The practice is run by one physician: Dr. Asra Ali.  Clear Creek Dermatology is based in three Texas locations. According to its website, there are three physicians on staff, as well as two physician assistants.  DermCare Management, a portfolio company of New York-based private equity firm Hildred Capital Management since October 2019, is a... Read More »
Cardiovascular Logistics and Cardiology Consultants of Philadelphia Merge 

Cardiovascular Logistics and Cardiology Consultants of Philadelphia Merge 

On April 11, Cardiovascular Logistics (CVL) announced a partnership with Cardiology Consultants of Philadelphia (CCP) where CCP will join CVL’s team.  CCP is a cardiology practice with 32 locations in the Philadelphia, Pennsylvania MSA. According to its website, there are more than 90 cardiologists and 50 advanced practice providers on staff. CCP is affiliated with nearly every major hospital in the region, allowing it to refer patients to the most appropriate institutions for their care.  CVL is one of the most comprehensive cardiovascular platforms in the country. Formed in 2013, the company is integrating the nation’s best cardiology practices into one robust cardiovascular... Read More »
HREA Closes Sale of Overland Park, Kansas Medical Outpatient Building Portfolio 

HREA Closes Sale of Overland Park, Kansas Medical Outpatient Building Portfolio 

HREA | Healthcare Real Estate Advisors (HREA), based in Raleigh, North Carolina, reported on April 14 that it closed on the sale of an Overland Park, Kansas medical outpatient building (MOB) portfolio. Neither the buyer nor the financial terms were disclosed.   The MOB consists of three single-tenant buildings that are 100% leased and occupied by College Park Family Care, a multi-specialty group that is a part of HCA Healthcare. HCA operates 186 hospitals and approximately 2,400 sites of care in 20 states and the United Kingdom.  According to data captured in the LevinPro HC database, this transaction marks the 58th MOB deal of 2025, and the first reported in Kansas.... Read More »
BayPine Buys Utah-Based CenExel Clinical Research

BayPine Buys Utah-Based CenExel Clinical Research

BayPine LP announced on April 14 that it has entered into a definitive agreement to acquire CenExel Clinical Research, Inc. in Salt Lake City, Utah. Following the closing of the transaction, BayPine will be the majority investor in CenExel alongside previous private equity investor Webster Equity Partners, which will retain a minority stake, as well as CenExel management. CenExel Clinical Research provides medical and scientific support in the design and execution of clinical trials. Formed in 2018, CenExel works with trial sponsors and contract research organizations to reduce costs and development times for therapies. BayPine is a private investment firm that drives innovation, digital... Read More »
PE-Backed Avid Health at Home Acquires 2 Home Care Providers

PE-Backed Avid Health at Home Acquires 2 Home Care Providers

Havencrest Capital Management, a Dallas-based healthcare private equity firm, has announced its sixth and seventh acquisitions under its Avid Health at Home platform: Home Care Angels (HCA) and Private Duty Home Healthcare (PDHH). HCA is a leading provider of at-home personal care services in Illinois. The company is based in Des Plaines, Illinois. PDHH is a Michigan-based provider of personal care services and private duty nursing. Avid Health at Home is a multi-state home care provider serving individuals of all ages who are frail, disabled and in need of assistance. Avid Health at Home was formed by Havencrest Capital Management through its acquisition of For Papa’s Sake Home Care in... Read More »
PE-Backed Avid Health at Home Acquires 2 Home Care Providers

LiveWell Partners Acquires Empower Home Health Services

LiveWell Partners announced that it has finalized its acquisition of Empower Home Health Services. The acquisition allows LiveWell to enter the Chicago area, a new market for the company. Financial terms of the deal were not disclosed. Founded in 2005, Empower Home Health Services is a privately owned home health company that operates in nine counties in the Chicago MSA. The company is headquartered in West Dundee, Illinois. LiveWell Partners is a home health and hospice provider headquartered in St. Louis, Missouri. The company currently operates in Illinois, Kansas, Michigan, Missouri and Ohio. “We are thrilled to welcome our new teammates in the Chicago area to the LiveWell family,”... Read More »