Avella Specialty Pharmacy Archives - LevinPro Healthcare M&A

Ivy Rehab Continues Expansion in New Jersey with AmeriCare

by Avery Swett | Apr 17, 2024 12:39 pm | Private Equity, Rehabilitation | 0 comments
Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, has partnered with AmeriCare Physical Therapy in New Jersey. Founded in 2006, AmeriCare Physical Therapy is a provider of outpatient physical therapy and rehabilitation in Mountainside, Garwood, Piscataway and Warren, New Jersey. Founded in 2003, Ivy Rehab... Read More »
WELL Health Expands Canadian Clinic Network with Shoppers Drug Mart’s Health Clinics

by Avery Swett | Apr 17, 2024 12:38 pm | Other Services | 0 comments
WELL Health Clinic Network Inc., a subsidiary of WELL Health Technologies Corp., announced that it has entered into an agreement with Shoppers Drug Mart Inc. to acquire all of the primary care medical clinics operated by Shoppers under the name The Health Clinic by Shoppers™. Post-close, WELL will rebrand these clinics under the WELL Clinic... Read More »
Commonwise Home Care Announces Acquisition of Caregivers of Charleston

by Avery Swett | Apr 17, 2024 8:22 am | Home Health & Hospice | 0 comments
Commonwise Home Care has announced its acquisition of Caregivers of Charleston. According to data captured in the LevinPro HC database, this acquisition marks the 24th Home Health & Hospice transaction of 2024. Caregivers of Charleston offers 24-hour caregiving services and home health aides for all ages in the Charleston, South Carolina... Read More »
Elevance Health Purchases New York Medicaid Plan

by Avery Swett | Apr 17, 2024 8:20 am | Managed Care | 0 comments
Elevance Health has announced its plans to acquire Centers Plan for Healthy Living, a New York-based Medicaid long-term care plan. Centers Plan for Healthy Living is a managed care organization with 53,000 members. Elevance Health currently has 57,000 long-term care enrollees across the state of New York. Elevance Health, formerly Anthem, Inc.,... Read More »
Gauge Capital Acquires Lucent Health

by katehumphrey | Apr 16, 2024 2:05 pm | eHealth | 0 comments
Cain Brothers, a division of KeyBanc Capital Markets, announced that it served as exclusive financial advisor to Lucent Health Solutions in its acquisition by Gauge Capital. Lucent Health Solutions is a leading third-party administrator serving the self-insured employer market, with a fully integrated care management solution. It was... Read More »

Avella Specialty Pharmacy Goes to OptumRx

by Lisa Phillips | Oct 18, 2018 2:30 pm | Other Services, Private Equity, Specialty Pharmacies | 0 comments

The auction for Riordan, Lewis & Haden’s portfolio company, Avella Specialty Pharmacy, was well under way back in February, according to industry sources. UnitedHealth Group’s (NYSE: UNH) Optum was reported to be in the lead, and then things went dark. It wasn’t until UnitedHealth Group’s third quarter earnings report was published on October 16 that the story ended. Some time in the third quarter, Optum acquired Avella and tucked it into its OptumRx pharmacy services subsidiary. The price wasn’t disclosed, but PEHub cited two sources saying the deal was valued at around $325 million. That’s pretty low, considering Avella’s previously disclosed... Read More »

Ivy Rehab Continues Expansion in New Jersey with AmeriCare

WELL Health Expands Canadian Clinic Network with Shoppers Drug Mart’s Health Clinics

Commonwise Home Care Announces Acquisition of Caregivers of Charleston

Elevance Health Purchases New York Medicaid Plan

Gauge Capital Acquires Lucent Health

Avella Specialty Pharmacy Goes to OptumRx

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