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Psa Healthcare Investment Holding Llc’s Strategic Facility Insights Across the U.S.
By LevinPro HC Psa Healthcare Investment Holding Llc (PSA) affiliates all of its facilities, with none under full ownership or partial control, reflecting a comprehensive facility management strategy. According to the latest Centers for Medicare & Medicaid Services data, the organization affiliates with 126 facilities exclusively holding ownership between 5% and 50%. The organization maintains a significant presence in several states including Pennsylvania with 19 facilities, and Alabama with 18. In Alabama, 11 of these facilities cater to the hospice sector. Across its operations, PSA emphasizes the home health sector, with 110 facilities dedicated to this area, leaving 16 facilities... Read More »
Walgreens Has Finally Been Sold
After months of rumors and speculation, Walgreens has finally announced it is being sold for nearly $10 billion in cash, or approximately $17 billion if we include debt. Although many already know Walgreens as a retail giant, it has been making a significant push into the healthcare market for the past years, but that plan has backfired. According to its annual report for fiscal year 2024, the company reported an operating loss of $14.1 billion (yes, billion), largely due to the loss in value of VillageMD, its primary care subsidiary and the principal vehicle for its healthcare initiative. Walgreens’ healthcare strategy was on display in the M&A market; in addition to the company’s... Read More »
Pediatrica Health Group Acquires Rainbow Pediatric Center
On March 4, Pediatrica Health Group announced that it entered into an agreement to acquire Rainbow Pediatric Center for an undisclosed price. Rainbow Pediatric Center is a group of pediatric practices owned and operated by Dr. Prasanthi Reddy. According to the original deal press release from March 4, 2025, the practice has four locations, 15 providers and a patient panel of approximately 12,000 kids. Pediatrica Health Group is a multi-site, pediatric primary care organization providing equitable access to pediatric primary care. Pediatrica Health Group empowers and supports providers and health care teams with modern technologies and the resources needed to provide tailored... Read More »
Richards Packaging Income Fund Acquires HL Production and National Dental
Richards Packaging Income Fund announced that, through its subsidiary Clarion Medical Technologies Inc., it is purchasing National Dental Inc. and HL Production SA. NewPoint Capital Partners Inc. acted as M&A advisor to Richards Packaging Income Fund in connection with the transactions. National Dental Inc. is a Canadian provider of high-tech laser and diagnostic devices to the dental care industry. The company specializes in bringing to market innovations in lasers, cavity prevention products, intraoral scanners and dynamic navigation systems along with education and comprehensive implementation support to its dental customer practitioners. National Dental was... Read More »
ModMed Announces Significant Majority Growth Investment from Clearlake Capital
ModMed announced that it has received a significant majority growth investment from Clearlake Capital Group, L.P. The buyout values the company at $5.3 billion, including debt. ModMed empowers medical practices to grow and scale by delivering better patient experiences with cloud, data and AI technologies. Leveraging extensive clinical data sets, the company designs software solutions to simplify, automate and streamline clinical workflows and drive practice efficiency. With specialty-specific electronic health records, practice management, revenue cycle management and analytics solutions, as well as products for patient engagement, payment processing and marketing, ModMed is trusted by... Read More »
CareCloud Rekindles M&A Efforts with MesaBilling Acquisition
After a brief pause in deal making, CareCloud, Inc. is back in buying mode with an acquisition in the revenue cycle management (RCM) space. CareCloud announced the successful purchase of Mesa, LLC, doing business as MesaBilling, marking its first acquisition since Q2 2021. MesaBilling is a Brookfield, Wisconsin-based company that is focused on making medical billing easier. The company reports financial, insurance carrier and patient claim information. CareCloud is a publicly traded American healthcare information technology company that provides services to healthcare providers and hospitals. CareCloud’s suite of technology-enabled solutions helps clients increase financial and... Read More »
Healthcare M&A Cools: February 2025 Signals a Slow Year Ahead
If healthcare M&A activity of February 2025 is any indication for how the rest of the year will play out, 2025 may not be a year of strong activity. According to data captured in the LevinPro HC database, throughout the month, there were 114 healthcare transactions reported. This is a 49% decrease from the 223 announced in January 2025 and a 17% decline from the 138 reported in February 2024. The most active sector was the Other Services sector with 30 transactions. This is not surprising considering Other Services encompasses medical outpatient buildings (MOBs), which has seen notable demand over the past few years. In February 2024, 37 transactions were reported, and in January 2025,... Read More »
Peak Rock Capital Buys BrightStar Care in Illinois
An affiliate of Peak Rock Capital announced that it has completed the acquisition of Gurnee, Illinois-based BrightStar Care. The deal was completed in partnership with BrightStar Care’s founder, Shelly Sun Berkowitz. BrightStar Group Holdings, Inc., doing business as BrightStar Care, is a leading franchisor of home care services with more than 400 agencies nationwide. The company’s franchises provide both skilled and unskilled home care to clients and custom medical staffing solutions to corporate partners. The company was founded in 2002. Peak Rock Capital is a middle‐market private equity firm that makes equity and debt investments in companies in North America and Europe.... Read More »
