Global Healthcare Advisors’ M&A Database


Our proprietary platform provides market intelligence on M&A deals, notable developments and regulatory changes pertinent to our clients.

Search by company, filter by vertical (for data beginning in January 2019), or just browse to see the latest news, updated daily.

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Showing results 1 through 50 of 11038

Website
Vertical
Category
QTR
Year
Summary
Cardiovascular
Deal
Q4
2020
Varsity Healthcare Partners (“VHP”), a leading healthcare services private equity investment firm, announced today a growth equity investment with Partners First Cardiology (“Partners First”, “PFC”, or “the Company”). Based in Austin, Texas, PFC is a cardiology and cardiovascular physician practice management company focused on serving independent-minded cardiologists and cardiovascular specialists with cutting edge clinic support and outpatient facility development services. VHP is partnering with Partners First and its management team – led by Founder and CEO Rob Jardeleza – to consolidate market leading, clinically differentiated cardiology and cardiovascular practices, while developing affiliated cardiac catheterization labs with PFC’s partner physicians.
Digital Health / Health Tech, Surgical Centers / Facilities and Practices
Deal
Q4
2020
HST Pathways (“HST”) and Casetabs, two leading providers of innovative, cloud-based software for ambulatory surgery centers (“ASCs”) across the U.S., today announced a strategic combination of their businesses that will offer customers a flexible and secure set of technology solutions and enhanced products and services. The combination is supported by a majority investment led by Bain Capital Tech Opportunities with a minority investment from Nexxus Holdings. Financial terms of the private transaction were not disclosed. The combined company will be led by seasoned executives from both HST and Casetabs, who will leverage their in-depth understanding of the ASC industry, strong client relationships, and insight into the market to align strategic goals and maximize opportunities for growth.
Digital Health / Health Tech
Deal
Q4
2020
MultiPlan Corporation (“MultiPlan” or the “Company”) (NYSE: MPLN), a leading value-added provider of data analytics and technology-enabled end-to-end cost management solutions to the U.S. healthcare industry, today announced that it has acquired HST, an innovative healthcare technology company that enables value-based health benefit plan designs, for a purchase price of $140 million. The transaction was completed on November 9, 2020. HST’s platform uses sophisticated data analytics and tools to engage members and providers on both the front and back end of healthcare, enhancing collaboration and improving management of medical cost for all parties to a healthcare claim.
Healthcare Consulting
Deal
Q4
2020
Advarra, the premier provider of institutional review board (IRB), institutional biosafety committee (IBC), quality and compliance consulting services, and research technology solutions, is pleased to announce the acquisition of IntegReview IRB, an AAHRPP-accredited central IRB. As a market leader in early phase clinical research, the addition of IntegReview enables Advarra to continue its expansion of comprehensive review solutions capabilities in North America. The Austin, Tex. headquarters for IntegReview will become the first Advarra office in the southern US. The acquisition also increases depth of expertise in many key areas, most notably in early phase research.
Primary Care
Deal
Q4
2020
Concentra®, the nation’s leader in occupational medicine, announced Monday the acquisition of Dr. Kerry Irons’ medical practice in Waco, Texas. Work injury care, drug testing, DOT physical exams, pre-placement exams, physical therapy, and other employer-related health services will be available at the Concentra – Waco location. In addition to these services, patients will have access to telemedicine for minor work injuries, rechecks, and more. Concentra also provides COVID-19 services for including return-to-work assessment, evaluation, and laboratory testing from all 55 of its Texas medical centers.
Oncology, Revenue Cycle Management
Deal
Q4
2020
RxVantage, the leading digital platform connecting healthcare providers to educational resources and experts from life science companies, today announced the acquisition of onPoint Oncology, the leader in oncology reimbursement data and analytics. The partnership ensures that care teams will have access to onPoint's unique revenue cycle data and reimbursement insights as well as one-click access to educational resources and expertise from any life science company, all through the free RxVantage digital platform.
Healthcare Staffing & Education
Deal
Q4
2020
Premier Healthcare Professionals, a healthcare staffing firm based in Atlanta, announced that it acquired Field Health Ltd., which operates under the Adevia Health brand. “With the addition of Adevia Health, we are confident that PHP’s group revenues will exceed $140 million in 2021, up from $84 million in 2020,” said Eric Allison, director of corporate development at PHP. Adevia Health is an international nurse recruiting firm based in London. The company also has locations in South Africa, Nepal, Germany and Italy. “We are thrilled with the addition of Adevia Health and their team of 1,500 international RNs,” PHP CEO Chris Eales said. This is PHP’s third acquisition in 12 months and the company plans more acquisitions in the near future.
Multi-Specialty and Other Physician's Offices
Deal
Q4
2020
According to a joint press release from Lancaster Health Center and Welsh Mountain Health Centers, both organizations will be merging. According to the release, the boards of the two organizations “unanimously approved” the merger on Oct. 29 after “months of due diligence and discussion.” LHC and WMHC currently provide primary care, dental care, behavioral health, and social services throughout Lancaster and Lebanon counties. Combined, they report serving over 35,000 patients across their locations. Both organizations are Federally Qualified Health Centers, and thus receive funds from the Health Resource & Services Administration. Therefore the merger requires state government approval, which will take a few months.
Home Health & Hospice
Notable Developments
Q4
2020
In the midst of the in-home care M&A resurgence, Charter Healthcare Group has made a few moves of its own. Its recent acquisitions of Heartwood Home Health & Hospice and Vitality Home Healthcare reflect its two-pronged acquisition growth strategy. Founded in 2006, Charter is a rapidly growing PE-backed post-acute care platform company. Lately, when it comes to dealmaking, Charter has set its sights set on smaller organizations that need additional support, especially ones that share its focus on palliative care and complex care management services, Steve J. Larkin, the company’s CEO, told Home Health Care News.
Multi-Specialty and Other Physician's Offices
Notable Developments
Q4
2020
Jeffrey Le Benger, M.D., the CEO of New Jersey’s Summit Medical Group, shares with Healthcare Innovation his perspectives on what’s being learned among the more advanced multispecialty medical groups taking on risk.
Industry Trends
Notable Developments
Q4
2020
Surgeries and diagnoses generate the most medical malpractice claims, a recent report on a decade of malpractice data says. Despite advances in patient safety since the publication of the landmark report To Err Is Human: Building a Safer Health System more than 20 years ago, medical errors continue to draw thousands of malpractice claims annually. The recent report, which was published by Coverys, says malpractice claims that the company handled over the past decade show the quest to improve patient safety is far from over.
Hospitals & Health Systems
Notable Developments
Q4
2020
An auction has been set for 10 a.m. on Dec. 16 for the assets of LRGHealthcare, including Lakes Region General Hospital and Franklin Regional Hospital, under a schedule agreed to in U.S. Bankruptcy Court in Concord as part of bankruptcy proceedings. Two weeks ago, LRGH, saddled with more than $100 million in debt, filed for reorganization under Chapter 11 of the federal bankruptcy code. Concord Hospital has offered to acquire LRGH’s assets for $30 million and run the facilities. This will serve as an initial bid that could go higher. LRGH has more than $100 million in real estate holdings alone.
Regulatory
Q4
2020
Broadly, healthcare executives can expect an administration with an expansionary agenda, looking to patch gaps in coverage for Americans, scrutinize proposed healthcare mergers and acquisitions more aggressively and use more of the government’s power to address the pandemic. Executives also can expect, in the event the ACA is struck down, moves by the Biden administration and Democratic lawmakers to develop a replacement. Healthcare executives should scenario plan for this unlikely yet potentially highly disruptive event, and plan for an administration marked by more certainty and continuity with the Obama years. All healthcare organizations should prepare for the possibility that millions more Americans could gain insurance under Biden.
Medicare / Medicaid, Telehealth
Regulatory
Q4
2020
Telehealth services for Medicare beneficiaries that have been expanded during the COVID-19 pandemic should be continued -- but with an expiration date until a long-term telehealth strategy is established, a member of the Medicare Payment Advisory Commission (MedPAC) said Monday at the panel's virtual meeting.
Medicare / Medicaid
Regulatory
Q4
2020
CMS on Monday wrapped up its long-awaited changes to how states can run their Medicaid and Children's Health Insurance Program plans. The final rule gives states more flexibility to set rates for their managed-care plans and ensure plans have adequate provider networks. The Trump administration hopes the changes will encourage private health plans within Medicaid and CHIP, slash regulations and cut federal exposure to healthcare costs.
Health Plans
Deal
Q4
2020
HealthComp Holding Company LLC (“HealthComp” or “the Company”), a leading independent Third Party Administrator (TPA) of healthcare benefits for self-funded employers, announced today that the Company has partnered with New Mountain Capital, a leading growth-oriented investment firm with $28 billion in assets under management. Founded in 1994 and headquartered in Fresno, California, HealthComp is the largest independent Third-Party Administrator (TPA) of healthcare benefits in the U.S., serving more than 400,000 members in the self-funded employer industry. The Company offers best in class technology for healthcare benefits administration, payment integrity and care management services to address the “dual mandate” in the U.S. healthcare system: reducing costs and improving clinical outcomes and experience for employees.
OBGYN / Women's Health
Deal
Q4
2020
Unified Women’s Healthcare (“Unified” or the “Company”), the leading practice management platform in women’s healthcare, announced that it has entered into a definitive agreement to add Altas Partners (“Altas”) as a strategic partner. Altas, a long-term oriented investment firm, will become Unified’s largest investor, while Ares Management Corporation (“Ares”), in equal partnership with Altas, will continue to be a significant investor in the Company. As part of the transaction, private equity funds managed by Ares will make a significant new investment in the Company. The investments from Altas and Ares, alongside the physicians who are Unified’s partners, will enable the Company to expand the breadth of services it provides to its affiliated practices, provide capital for growth, and allow the Company to further invest in market-leading value-based care capabilities for providers and payers.
Physical Therapy & Outpatient Rehabilitation
Deal
Q4
2020
Professional Physical Therapy, a leading provider of outpatient physical therapy and rehabilitation services throughout New York, New Jersey, Connecticut, Massachusetts, and New Hampshire, announces today the acquisition of Moment Physical Therapy in Madison, NJ. Moment Physical Therapy, a private orthopedic clinic, was founded by Dr. Jared Cooper, PT, DPT, CMTPT. Patients at the Madison location, located at 20 Cook Plaza, will now be able to experience the benefits of being a Professional Physical Therapy location: access to Telehealth Certified clinicians, Home Care physical therapy, added convenience with access to more than 180 locations, expanded hours, and most notably, in-network status with most major insurances.
Home Health & Hospice
Deal
Q4
2020
LHC Group, Inc. (NASDAQ: LHCG) announced today that it has agreed to purchase East Valley Hospice and East Valley Palliative Care in Mesa, Arizona. The agreement is expected to close on January 1, 2021, subject to customary closing conditions. LHC Group expects annualized revenue from this purchase of approximately $4.8 million and that it will not materially affect its 2020 diluted earnings per share. Both providers will continue to operate under the East Valley Hospice and East Valley Palliative Care names, respectively. In San Marcos, Texas, the company finalized an expansion of its joint venture with CHRISTUS Health to enhance hospice services in that market. LHC Group first announced the purchase agreement in October 2020. LHC Group operates more than 110 hospice locations around the nation.
Primary Care, Urgent Care
Deal
Q4
2020
Concentra®, the nation’s leader in occupational medicine, today announced the acquisition of Superior Care Medical Center in Gardena, California. Concentra is recognized as the premier provider of occupational health and urgent care services delivered through an extensive network of more than 520 locations nationwide. This acquisition strengthens Concentra’s presence in California and enables the company to more effectively meet the demand for comprehensive occupational health and urgent care services in the region.
Primary Care
Deal
Q4
2020
Titanium Healthcare, Inc, a leading national provider of exceptional patient programs, announced an agreement to acquire Farid Shakibai, MD Primary Care located in Fountain Valley, CA. Titanium will apply its proven people, processes and technology to create a differentiated level of care for patients to help them succeed in their healthcare environment.
Healthcare Information Technology
Deal
Q4
2020
Centene Corporation (NYSE: CNC) today announced it has signed a definitive agreement to acquire Apixio Inc., a healthcare analytics company offering Artificial Intelligence (AI) technology solutions. The transaction is subject to regulatory approvals and is expected to close by the end of 2020. Apixio provides a technology suite that mines, compiles and analyzes large volumes of disparate, unstructured patient data (such as physician notes and medical charts), and creates and refines algorithms to extract high-quality insights to support payers' and providers' administrative activities. Apixio's AI platform has been trained to handle the complexities and challenges of the healthcare industry and deliver proven results.
Healthcare Supplies & Suppliers
Deal
Q4
2020
Sterling Healthcare Logistics announced Friday that it has acquired Aggregate365, a medical group purchasing organization. Sterling, a Las Vegas Nevada company was founded in 2013 and provides supply chain management technology solutions for the healthcare industry throughout North America. Aggregate365, founded in 2017, specializes in negotiating contracts from health systems to independent providers including physician buying groups, providing procurement support and contract management. With the acquisition of Aggregate365, Sterling is enhancing its portfolio of contracts and services that can be offered to all Sterling members.
Contract Research Organizations
Deal
Q4
2020
Discovery Life Sciences™ (Discovery), a global leader in biospecimen, genomic sequencing, cell, and immunohistochemistry (IHC) services, announced today the acquisition of East West Biopharma, a leading human biospecimen contract research organization in Europe powered by the largest biocollection network in Ukraine. The addition of East West Biopharma builds on Discovery's existing capability and creates Europe's largest network of clinical collection sites that ethically obtain consented biospecimens from patients across multiple therapeutic areas to support the global medical research community.
Contract Research Organizations
Deal
Q4
2020
Pharmaron Beijing Co., Limited (Stock Code: 300759.SZ/3759.HK) (“Pharmaron”), a fully integrated contract research and manufacturing organization offering laboratory, CMC and clinical development services for the life science industry, announced Sunday that it has acquired 100% of the equity of Absorption Systems for up to US$137.5 million in cash. Absorption Systems is a leading scientific, non-clinical CRO that provides pharmaceutical, biotech, medical device companies and regulatory agencies with research and testing for small and large molecules, cell and gene therapies, ocular and medical device products. Absorption Systems is based in the USA with facilities and laboratories in Philadelphia, San Diego and Boston.
Hospitals & Health Systems
Deal
Q4
2020
Springfield has given the Peru and Spring Valley hospitals the OK to merge. A spokeswoman for the Illinois Health Facilities and Services Review Board said Thursday the regulatory body has approved a change of ownership for St. Margaret’s Health and Illinois Valley Community Hospital, clearing the way for the hospitals to consolidate health care operations.
Life Sciences
Deal
Q4
2020
KBL Merger Corp. IV (NASDAQ: KBLM or the "Company"), a special purpose acquisition company (SPAC) that previously announced an agreement to acquire 180 Life Sciences Corp. ("180 Life Sciences"), announced Friday that a special meeting (the “Meeting”) of the stockholders of KBL Merger Corp. IV (the “Company”) was held on November 5, 2020, where all proposals, including the proposal to approve the proposed business combination with 180 Life Sciences, were approved.
Real Estate Investment Trust
Deal
Q4
2020
Montecito Medical Real Estate, a premier owner of medical office properties throughout the U.S., has completed the acquisition of a large, state-of-the-art medical complex tenanted by the leading health system in the Milwaukee marketplace. The facility, Aurora Health Center – 84 South, is a five-story surgical center and medical office building located in Greenfield, Wisconsin, a Milwaukee suburb. The 130,000 square-foot building was constructed in 2019 and is 100% leased to Advocate Aurora Health.
Real Estate Investment Trust
Deal
Q4
2020
Anchor Health Properties has acquired three medical office buildings totaling 100,000 square feet in Charlotte, N.C., for roughly $50 million. Teaming up with existing institutional equity partners, the company purchased the fully leased, Class A assets in off-market deals. Synovus Bank provided financing for two of the acquisitions. Novant Health anchors all three facilities.
Healthcare Investors / Advisors
Notable Developments
Q4
2020
An illustrious group of healthcare private equity pioneers discussed how healthcare investing has evolved from inception to current state and what the future holds. Moderated by Michael Lewis, business journalist, it featured insights from Senator Bill Frist, MD, founder of Frist Cressey Ventures; Annie Lamont, co-founder and Managing Partner of Oak HC/FT; Curtis Lane, founding partner of WindRose Health Investors; and Ira Coleman, Chairman of McDermott Will & Emery. Read on for discussion highlights.
Home Health & Hospice
Notable Developments
Q4
2020
Interest in the hospice mergers and acquisitions market will remain high despite record-high multiples occurring in the space, April Anthony, CEO of Encompass Home Health & Hospice (NYSE: EHC), said at the Hospice News Elevate conference. Encompass expects to complete hospice transactions late in 2020 or early in 2021 after seeing some deals delayed early in the year due to the COVID-19 pandemic.
Telehealth
Notable Developments
Q4
2020
Last week, Advisory Board hosted its first ever Cross-Industry Telehealth Summit to unpack leaders' perspectives on why advancing telehealth—as an industry—is hard. The virtual event convened 55 leaders from across the health care ecosystem, including payers, providers, technology companies, and business and association leaders. Participants represented a range of progressive organizations, like Intermountain Healthcare, Teladoc, American Telemedicine Association, UnitedHealthcare, Pfizer, JP Morgan Chase, Bind, UPMC, Merck, Bright.MD, athenahealth, and many more.
Health Plans
Notable Developments
Q4
2020
The health insurance industry doesn’t see the U.S. Supreme Court overturning the entire Affordable Care Act and leaving tens of millions of Americans without medical coverage. The nine-member Supreme Court will hear arguments Tuesday on a lawsuit brought by Republican attorneys general and backed by the Donald Trump White House who want the ACA invalidated. But health insurance executives including Centene chief executive Michael Neidorff said he remains “relatively confident” the Supreme Court won’t strike down the law.
Health Plans
Notable Developments
Q4
2020
Anthem Blue Cross (Anthem) today announced Providence Southern California (Providence) has agreed to join its Vivity Health Plan (Vivity) as a joint-venture partner effective November 1, 2020. The addition of Providence marks Vivity’s first expansion since it launched in 2015, bolstering the plan’s provider network offerings and collaboration in Orange and Los Angeles counties. Vivity is the first-in-the-nation joint venture between a health plan and like-minded health systems aligned to enhance the health of members and utilizes a unique provider reimbursement structure that includes shared savings from community risk pools.
Pharmacy
Notable Developments
Q4
2020
Larry Merlo, who has served as CEO of CVS Health for a decade, is stepping down from the role in February. CVS announced the news alongside its third-quarter earnings Friday morning. Karen Lynch, who is currently the president of the Aetna business segment, will take over as CEO effective Feb. 1. Lynch will also join the company's board of directors upon assuming the CEO position. As part of the transition, Merlo will remain on the board until CVS' next shareholder meeting in May and will also serve as a strategic adviser until fully retiring on May 31.
Hospitals & Health Systems
Notable Developments
Q4
2020
Three Rivers Health, based in southern Michigan, and Beacon Health System, based in northern Indiana, have signed a Letter of Intent to have Three Rivers Health join Beacon Health System in the spring of 2021, pending final approvals. Three Rivers Health, a 60-bed facility serving St. Joseph and Kalamazoo counties in Michigan, and surrounding communities, offers a full complement of outpatient services along with specializations in orthopedics, emergency medicine, women’s health and rehabilitation services.
Industry Trends
Regulatory
Q4
2020
Now that President-Elect Joe Biden has been declared the winner of the election, he is making the transition from campaigning on healthcare issues to governing. It remains unclear how much Biden will be able to accomplish in Congress, as control of the Senate will come down to two runoff elections in Georgia that will be held in January. Still, the likely change in executive branch will have big implications for the healthcare industry.
Home Health & Hospice
Deal
Q4
2020
Affinity Hospice Holdings (“Affinity”), a portfolio company of MBF Healthcare Partners II, L.P. announced today the signing of a definitive purchase agreement to acquire Hands of Mercy Hospice of South Carolina (“Hands of Mercy”), a hospice care company located in Northern South Carolina. This is the first acquisition for Affinity in South Carolina and will lay the foundation for future growth and expansion in South Carolina. The acquisition is anticipated to close in the next 45 days, subject to customary regulatory and licensure approvals. Affinity Hospice, a Birmingham, AL based hospice provider, is the leading provider of high-quality end of life care services in Alabama, Georgia and South Carolina.
Durable Medical Equipment, Sleep Management
Deal
Q4
2020
Spiro Health is pleased to announce the successful acquisition of Absolute Respiratory Care in Johnston, Rhode Island. Absolute Respiratory Care is a leading home medical equipment provider in the state of Rhode Island. The acquisition will continue to allow Spiro Health to have operations across eight states and the District of Columbia; Connecticut, Maine, Maryland, Massachusetts, New Hampshire, Rhode Island, Vermont, and Virginia. Absolute Respiratory Care offers a full range of medical equipment and supplies, with a strong emphasis in providing sleep therapy solutions. Since 2005, their ever-adapting mindset has allowed them to leverage wireless monitoring and create a touchless telehealth model for sleep therapy.
Health Plans
Deal
Q4
2020
GuideWell Mutual Holding Corporation (GuideWell), the parent to a family of forward-thinking companies focused on transforming health care, announced today that they have signed a definitive agreement to acquire WebTPA, an innovative and market leading administrator of self-funded employer health plans. WebTPA provides integrated and highly customizable administration solutions and products to employers, health systems and insurance companies. Through its technology, operating platform and deep expertise, WebTPA is able to uniquely serve the needs of its customers. Terms of the transaction, which is expected to close by the end of the year, were not disclosed.
Healthcare Supplies & Suppliers
Deal
Q4
2020
Vizient will purchase the group purchasing organization Intalere from Intermountain Healthcare, the organizations announced Thursday. The acquisition comes with a commitment from Intermountain to use Vizient's group purchasing portfolio; the Salt Lake City-based integrated system already uses Vizient's cost and quality analytic tools. Although Intalere only accounts for around $6 billion in annual purchasing volume across its some 100,000 members compared to Vizient's $100 billion, half are in the non-acute space, where there is opportunity for growth, Vizient CEO Byron Jobe said.
Digital Health / Health Tech
Deal
Q4
2020
AptarGroup, Inc., a global leader in consumer dispensing, active packaging, drug delivery solutions and services, announces that it has acquired all operating assets and the proprietary portfolio of Cohero Health, Inc. (“Cohero Health”), a digital therapeutics company transforming respiratory disease management for asthma and chronic obstructive pulmonary disorder (COPD). Founded in 2013, New York-based Cohero Health develops innovative digital tools and technologies to improve respiratory care, reduce avoidable costs and optimize medication utilization. With this transaction, Aptar Pharma acquires Cohero Health’s turnkey digital health platform and device assets including their BreatheSmart® Connect digital health platform, their BreatheSmart® App, their HeroTracker® Sensors, and theirSpirometer™ and cSpirometer™lung function diagnostic sensors.
Hospitals & Health Systems
Deal
Q4
2020
Tyrone Hospital has officially joined Penn Highlands Healthcare, effective November 1, following recent regulatory reviews and approvals. Now Penn Highlands Tyrone, this 25-bed, non-profit community hospital becomes the sixth hospital in the Penn Highlands Healthcare system. “Welcoming Penn Highlands Tyrone to the Penn Highlands Healthcare system represents another significant chapter for our organization, as well as our region,” said Steven M. Fontaine, Chief Executive Officer of Penn Highlands Healthcare.
Pharmaceuticals & Biopharmaceuticals
Deal
Q4
2020
Emisphere Technologies, Inc. (“Emisphere” or the “Company”) today announced that it has entered into a definitive agreement with Novo Nordisk A/S (“Novo Nordisk”), whereby Novo Nordisk will acquire Emisphere, on a cash-free, debt-free basis, for $1.35 billion in cash. The consideration to be paid per share will depend on the amount of cash and debt at closing, but the Company currently estimates it to be approximately $7.82 per share based on approximately 170.9 million fully diluted shares outstanding. Emisphere is a drug delivery company that utilises its proprietary technologies to develop new oral formulations of therapeutic agents.
Pharmaceuticals & Biopharmaceuticals
Deal
Q4
2020
Ocuphire Pharma, Inc., a clinical-stage ophthalmic biopharmaceutical company focused on developing and commercializing therapies for the treatment of several eye disorders, is pleased to announce the completion of its previously announced merger with Rexahn Pharmaceuticals, Inc. (NasdaqCM: REXN). The combined company will operate under the name Ocuphire Pharma. Its shares will commence trading on the Nasdaq Capital Market and will reflect a 1-for-4 reverse stock split at the open of trading on November 6, 2020, under the ticker symbol "OCUP". In addition, the Company has announced the closing of the previously announced $21.15 million private placement, with certain institutional healthcare investors led by Altium Capital, accredited investors, and directors and officers of Ocuphire (the “Investors”).
Skilled Nursing Facilities
Deal
Q4
2020
In another sign of how hard it is to run a nursing home even before the pandemic, Abramson Senior Care, a nonprofit, sold its highly rated Horsham nursing home to a relatively new for-profit firm from New Jersey called Imperial Healthcare Group. Carol Irvine, president and chief executive of Abramson, said the 324-bed nursing home, a fixture in Philadelphia’s Jewish community, was marketed widely, including to the nonprofit sector. But none of the seven bids were from nonprofits — which usually don’t have as much appetite for financial risk as for-profits do.
Telehealth
Notable Developments
Q4
2020
Telehealth became an important aspect of clinical response to COVID-19 during the early days of the pandemic and remains an essential tool for physicians to connect with patients. At the Becker's Healthcare Telehealth Virtual Forum on Nov. 2-3, healthcare executives from across the U.S. gathered to discuss the big challenges and opportunities in telehealth and virtual care. Here are eight takeaways from the event.
Home Health & Hospice, Medicare / Medicaid
Notable Developments
Q4
2020
The Center for Medicare & Medicaid Innovation’s Medicare Care Choices Model (MCCM) demonstration led to a 25 percent decrease in total Medicare expenditures, according to a new report. The model, which started in 2016 and runs through 2021, is designed to allow beneficiaries who qualify for Medicare hospice benefit (MHB) to continue to receive care from other Medicare providers for their terminal condition. (Normally, Medicare beneficiaries who elect to receive hospice care cannot also receive curative treatment for their life-limiting condition. Fewer than half of beneficiaries choose MBH and those that do elect MBH do so less than a week before death.)
Medical Devices
Notable Developments
Q4
2020
Total medical devices industry M&A deals in Q3 2020 worth $89.65bn were announced in the US, according to GlobalData’s deals database. The value marked an increase of 4882.8% over the previous quarter and a rise of 2617.5% when compared with the last four-quarter average of $3.3bn. The US held a 98.3% share of the global medical devices industry M&A deal value that totalled $91.21bn in Q3 2020. In terms of deal activity, the US recorded 57 deals during Q3 2020, marking a rise of 11.8% over the previous quarter and a rise of 3.6% over the last four-quarter average.
Home Health & Hospice, Hospitals & Health Systems
Notable Developments
Q4
2020
Bayada Home Health Care — one of the largest nonprofit providers of in-home care and post-acute care services in the country — is expanding its already massive footprint. It’s doing so at a time when the need for home-based care is at an all-time high. On Thursday, the Moorestown, New Jersey-based company announced it is forming a new joint venture with Baptist Health, a faith-based, mission-driven health system in Northeast Florida. The new JV will be known as “Baptist Home Health Care by Bayada” and begin operations in early 2021, pending licensing and regulatory approvals.