KKR-Backed Headlands Research Acquires AMCR Institute
Headlands Research, a portfolio company of KKR, announced the acquisition of AMCR Institute, which has been in operation for more than 20 years. AMCR Institute is an Escondido, California-based clinical research site specializing in metabolic, endocrine and other chronic conditions such as diabetes and obesity. The company is led by principal investigator Dr. Timothy S. Bailey, a board-certified endocrinologist. He and his staff have worked with thousands of volunteers in phase I-IV trials and have extensive experience with the evaluation of medical devices such as continuous glucose monitors. San Francisco-based Headlands Research is a globally integrated clinical trial site organization.... Read More »
KKR-Backed Covenant Physician Partners Adds a New ASC in Southern California
Covenant Physician Partners, a portfolio company of KKR, announced on June 6 its merger with Wilshire Center for Ambulatory Surgery. Wilshire Center for Ambulatory Surgery is an ambulatory surgery center (ASC) in Los Angeles, California. The ASC has two operating rooms. Covenant Physician Partners is a national physician services organization operating in 20 states in partnership with 70 practices and nearly 850 providers. It delivers a full range of administrative and clinical support functions to its partnered physicians and their staff. Covenant provides patient care in nine ASCs and seven physician practice locations throughout California. The addition of the Los Angeles MOB expands... Read More »
More Competition Coming in Behavioral Health Care
It’s been a wild ride in recent years. Merger and acquisition activity in the Behavioral Health Care sector soared to a record 91 transactions in 2018, an increase of 264% over 2014 (25 deals) and up 60% compared with 2017 (57 deals). The majority of the 2018 deals—63%, in fact—were made by private equity firms or their portfolio companies. For the record, PE firms accounted for 46% of all acquisitions and 24% of the spending in the nine healthcare services sectors last year. M&A in this sector hasn’t been as robust in 2019. With 50 deals reported through the first week in September, the sector isn’t likely to see another 40 announced by the end of the year. One reason for the slowing... Read More »