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.

Have a lead on a great M&A deal you’d like to share with us? Submit a deal.

Question? Contact us at research@ghadvisors.net.

Showing results 1 through 50 of 9541

Website
Vertical
Category
QTR
Year
Summary
Telehealth
Deal
Q3
2020
Curavi Health, CarePointe and U.S. Health Systems (USHS) - three innovators whose technologies and services have improved the quality and effectiveness of patient care - have merged to form Arkos Health, a company that will provide virtual care solutions and health insights to vulnerable populations across the United States. CarePointe, founded in 2015 and headquartered in Las Vegas, and USHS, founded in 2018 and based in Tempe, Arizona, together will provide a technology-enabled care coordination solution for Arkos Health's provider and payer partners. Currently providing services to more than 110,000 seniors, they serve at-risk and value-based organizations by driving down costs and improving quality of care. Curavi was spun out from leading health care provider and insurer UPMC in 2016 and provides clinical care in post-acute and long-term care settings via its telemedicine and software solution, which was designed specifically for those facilities.
Gastroenterology
Deal
Q3
2020
Effective September 1, 2020, Borland Groover, North Florida's leading digestive health specialty clinic, announces the joining of GI Associates of St. Augustine, a progressive gastroenterology and hepatology practice. This expands Borland Groover's footprint in Northeast Florida and strengthens its roster of expertise to continue providing unsurpassed digestive health care. "We are excited to join the Borland Groover family. This partnership gives our patients access to a wider network of top-notch expertise, resources and cutting-edge care," said Dr. Santiago Rosado, President of GI Associates of St. Augustine.
Home Health & Hospice
Deal
Q3
2020
Tennessee-based Alleo Health System has acquired Upper Cumberland Hospice and Palliative Care Services for an undisclosed sum. Alleo is the parent company of Hospice of Chattanooga, Palliative Care Services, Good Shepherd Hospice, Comprehensive Care, and Kangaroo Kidz. Kangaroo Kidz is the Chattanooga region's only pediatric specialty hospice and palliative care provider. Alleo Health System came into existence last year when the non-profit Hospice of Chattanooga rebranded its network of hospice and palliative care providers, which now serve 23 counties in Tennessee, Georgia, and North Carolina.
Behavioral Health, Revenue Cycle Management
Deal
Q3
2020
Prosperity Behavioral Health and Vertex Healthcare Services, two leading providers of financial services and solutions to the behavioral healthcare industry, announced Tuesday that they have merged. This union significantly increases the depth and breadth of available services, creating a seamless end-to-end solution for clients seeking revenue cycle management, accounting and vendor management, data analytics and reporting, and M&A transaction support services. The combination will also allow accelerated development of proprietary technology initiatives. The combined company will serve a national customer base with comprehensive resources on both coasts.
Digital Health / Health Tech
Deal
Q3
2020
HealthChampion, a digital health analytics company and creator of the world's first consumer-driven health platform, today announced the completion of its acquisition of alligatortek, an award-winning software development company and Microsoft partner, also headquartered in Chicago. As part of the acquisition, alligatortek President and CEO Sid Bala will join the HealthChampion board of directors. HealthChampion's acquisition of alligatortek quadruples the company's resources, accelerating delivery of its platform and enhancing its ability to rapidly deploy expanded remote care and data analytics to consumers and B2B partners. Last month, HealthChampion announced the formation of its Advisory Board comprised of physicians, healthcare experts and technology innovators.
Surgical Centers / Facilities and Practices
Deal
Q3
2020
TriHealth paid more than $21 million to acquire and outpatient surgery center on 5 acres in Anderson Township. The June 25 purchase of the TriHealth Surgery Center is expected to reduce costs for the Cincinnati-based hospital system. The surgery center is near the rear of the Anderson Towne Center shopping mall, about a quarter-mile from rival Mercy Health's Anderson Hospital.
Deal
Q3
2020
Remote Medical International, a global leader in workplace health and safety services for Fortune 100 corporations and government services prime contractors, announced it completed its acquisition of SSI Group on July 1. Based in the United Kingdom, SSI specializes in emergency response medical services for the oil and gas and renewable energy sectors, global risk management, and international safety. Remote Medical International will leverage SSI's years of work to provide medical and technical support for offshore wind farm and other renewable energy construction in the North Sea and North America and expand its work with large corporations working in remote and challenging locations globally.
Real Estate Investment Trust
Deal
Q3
2020
ASCs Inc. and J.H. Winokur closed an ASC real estate sale-leaseback transaction for Sunrise, Fla.-based Baptist Eye Surgery Center. The ASC is a partnership between majority owner Baptist Health South Florida and 11 eye surgeons. The surgeons owned the real estate lease and the sale was made using the existing lease and rent; as a result, there wasn't a change in the center's financial performance. With five years left on their original lease, the ASC owners sold it to a private investor in a 1031 exchange. Baptist Health South Florida's credit and the historical operating results of the physician partners made the center attractive to the investor.
Contract Manufacturing Organizations
Deal
Q3
2020
Technimark, a global manufacturer of custom rigid plastic packaging and components, announced today it has acquired Tool & Plastic Industries Ltd., a leading supplier of injection molded products for the medical device, pharmaceutical and consumer product sectors. The company is headquartered in Longford, Ireland, with an additional facility in Ostrava, Czech Republic. Financial terms of the transaction were not disclosed. Technimark is backed by Pritzker Private Capital. The combination of Tool & Plastic and Technimark enhances Technimark's healthcare manufacturing expertise, as well as its global footprint. The combined company will have 13 facilities and over 4,400 employees worldwide.
Real Estate Investment Trust
Deal
Q3
2020
Alto Real Estate Fund and Anaheim-based Milan Capital Management sold Pomerado Professional Plaza, a medical clinic complex in San Diego for roughly $17 million, representing a 5.8% cap rate. The property was sold to an unnamed U.S.-based REIT investing in medical properties.
Orthopedics
Notable Developments
Q3
2020
Orthopedic practices continue to grow, even amid the pandemic. Here are the largest orthopedic practices in the U.S. by the number of physicians and surgeons, per Becker's Spine Review.
Radiology
Notable Developments
Q3
2020
A study that was published online in late June in the Journal of the American College of Radiology (JACR) has found that the COVID-19 pandemic has had a dramatically negative financial impact on radiology practices nationwide. After examining available data on radiology practice finances, the authors write, "The profound changes that have interrupted the arc of the Radiology narrative may substantially dictate how health care and radiology services are delivered in the future. If this is the case, then radiologists and their associated institutions and organizations must develop new tactics and strategies to define the pathway forward."
Contract Manufacturing Organizations
Notable Developments
Q3
2020
Proving an outperformer through the downturn, Partners Group-backed PCI Pharma Services formally kicked off its sale process, five sources familiar with the matter told PE Hub. Philadelphia's PCI is marketing north of $170 million in EBITDA, sources said. The auction is likely to produce a deal valued in the $2.5 billion to $3 billion range, they said. Led by Salim Haffar, PCI supports pharma and biotech companies worldwide through its contract development and manufacturing services, clinical trial services, as well as commercial and pharmaceutical packaging technology.
Digital Health / Health Tech, Healthcare Investors / Advisors
Notable Developments
Q3
2020
Digital health received $6.3 billion in funding in the first half of 2020, shattering all previous funding records, according to a new report from research firm Mercom Capital Group. The amount is a 24% increase from the first half of 2019. Telehealth, perhaps unsurprisingly, received the most money as the COVID-19 pandemic drove unprecedented virtual care adoption, with $1.7 billion in funds. However, the pace of funding slowed in the second quarter with $2.8 billion across 161 deals, a 23% decrease compared to the first quarter and an 11% dip year over year.
Revenue Cycle Management
Notable Developments
Q3
2020
The nonprofit Boulder Community Health care system is making a big change to its operations, outsourcing some of its work to an industry giant while remaining locally based. Through a new partnership announced Tuesday, the local hospital operator will shift its revenue cycle management, data and analytics work to Optum, a branch of the publicly traded UnitedHealth Group, while maintaining the Boulder-based health system's independence. The agreement will last at least 10 years and is said to be the second of its kind in the country, after Optum struck a similar deal with a San Francisco Bay Area system last year. Boulder Community Health has 275 employees who will become Optum staffers and will gain access to tools that will allow "much more thoughtful and data-driven decisions going forward," according to Dr. Robert Vissers, CEO of the local health system.
Dermatology
Deal
Q3
2020
Pennsylvania Dermatology Partners is expanding in the Philadelphia region with the acquisition of three practices from doctors who have decided to retire because of the Covid-19 pandemic. Andrew Frankel, Pennsylvania Dermatology Partners' chief operating officer, said the group is also talking with with a couple of other dermatologists who are contemplating retiring rather than adapt to the changes reshaping medical practices because of the coronavirus outbreak. Pennsylvania Dermatology Partners, which is based in Berks County, has a large presence in southeastern Pennsylvania. It currently operates 16 practices in the state with 18 physicians, six physician assistants, and four nurse practitioners - making it the largest independent dermatology practice in the state.
Deal
Q3
2020
Experity Ventures LLC ("Experity"), the parent company for several specialty finance and legal funding related services businesses in the United States, announced Monday that it has acquired 100% of the equity of ProMed Capital Venture LLC ("ProMed"), a leading provider of financing to medical practices and facilities in the United States. The financial terms of the transaction were not disclosed. Founded in 2013, ProMed partners with healthcare providers, surgery centers and diagnostic and related facilities throughout the U.S. that provide patient care in exchange for medical liens (MLs) or medical letters of protection (MLOPs). The company predominately funds medical services for patients who have been injured as a result of a personal injury accident or event.
Hospitals & Health Systems
Deal
Q3
2020
McLaren Health Care, a 14 hospital system in Grand Blanc, Mich., received approval from the Ohio Attorney General's Office to acquire St. Luke's Hospital in Maumee, Ohio. Under the deal, McLaren would make significant investments in St. Luke's, including building a cancer center, an orthopedic center and upgrading the hospital's infrastructure.
Hospitals & Health Systems
Deal
Q3
2020
A financially devastated hospital company appears to have been bailed out yet again by its single largest investor. A July 8 SEC filing by the South Florida-based Rennova says Christopher Diamantis will take a controlling stake of the company in exchange for forgiving the more than $18 million it owes him. Diamantis previously served on the board of directors of the company, which operates the Big South Fork Regional Medical Center in Oneida and the Jellico Community Hospital in Campbell County. In a financial filing two weeks ago, the company laid out its dire financial situation: it owed creditors $49 million and spent $2 for each $1 it makes.
Life Sciences
Deal
Q3
2020
Mydecine Innovations Group Inc. (CSE: MYCO) (OTC: MYCOF) (FSE:0NF) ("Mydecine" or the "Company"), is pleased to announce that, further to its press release on June 10, 2020, it has entered into a definitive share exchange agreement (the "Share Exchange Agreement") for the acquisition (the " Acquisition ") of 100% of NeuroPharm Inc. ("NeuroPharm"), a Canadian-based developer of natural psychedelic-based treatments for mental health disorders in the Canadian and United States veteran communities. NeuroPharm, in collaboration with its strategic partners, is deploying evidence-based medicine in the establishment of psychedelic-based therapies addressing the unmet needs of high-risk constituents.
Medical Cannabis and Cannabinoids
Deal
Q3
2020
PAO Group, Inc. (USOTC: PAOG) today announced the company's senior management team has acquired majority control of the company. The current Chief Executive Officer (CEO), James, C. DiPrima, leading a strategic team of managers, has purchased from a third party, preferred stock holding majority voting rights. Mr. DiPrima plans to remain as CEO. The management team has designed a revitalized medical cannabis strategy involving two planned acquisitions anticipated to be finalized in the coming weeks. "I am enthusiastic about PAOG's revitalization initiative to move forward again on its original mission to provide patient care alternatives to traditional patient care solutions," said CEO James C. DiPrima. "As part of our overall medical cannabis strategy, we are committed to mitigating the opioid epidemic by providing appropriate medical cannabis alternatives."
Pharmacy
Notable Developments
Q3
2020
Walmart Inc. is "decisively bulking up in health care" and that's something worth watching as the company grows out a suite of initiatives that make it a "sleeping giant to watch," Morgan Stanley analysts warned. The retailer's position as the third-largest pharmacy in the U.S., paired with efforts to open health clinics and acquire technology that will help patients manage their medical care, showcase the $362 billion company's efforts to blur the lines between retail, health care and technology, analysts led by Simeon Gutman wrote in a note to clients. While there is "scant detail" surrounding Walmart's overarching strategy in the space, the huge market opportunity seems logical, according to Gutman.
Pharmacy, Skilled Nursing Facilities
Notable Developments
Q3
2020
Senior LIFE, which provides and manages prescription medications and offers coordinated health and support services to seniors, is weighing its options, according to four people familiar with the matter. The Johnstown, Pennsylvania company is marketing around $100 million in EBITDA, sources said. Senior LIFE encompasses a pharmacy business, as well as operating its own Pennsylvania-focused PACE program and skilled nursing facilities.
Assisted Living, Home Health & Hospice, Skilled Nursing Facilities
Notable Developments
Q3
2020
While few industries have been left unscathed by the impacts of the COVID-19 emergency, the senior housing market has been one of the hardest hit. But a decline in senior housing occupancy could leave room for in-home care providers to step up and fill long-term care gaps. Overall, senior housing occupancy hit a record low in the second quarter of 2020. Specifically, occupancy in independent living, assisted living, memory care and nursing care fell 2.8 percentage points in Q2 2020, declining from 87.7% in Q1 to 84.9%, according to new data from the National Investment Center for Seniors Housing & Care (NIC). While it's still too soon to tell when senior housing occupancy levels will return to pre-COVID numbers, a desire to avoid these settings could open the door for in-home care providers to attract would-be residents.
Dental, Health Plans
Notable Developments
Q3
2020
While dental payers feel less threatened by health plans, health insurers are much more interested in offering dental benefits now than they were two years ago, according to the report, "Convergence of Dental and Health Insurance Accelerates," recently released by West Monroe, a national business and technology consulting firm. The report - based on a survey of 106 executives of commercial and government dental and health plans across the country - is a follow-up to the firm's January 2018 signature research, "Turning Point: The Fate of Standalone Dental," which signaled an aggressive move by health plans into the profitable turf of dental payers.
Hospitals & Health Systems
Notable Developments
Q3
2020
Winston-Salem, N.C.-based Novant Health was selected as the new partner for New Hanover Regional Medical Center in Wilmington, N.C. The New Hanover County Board of Commissioners voted July 13 to give Novant Health the green light to sign a letter of intent to partner with, manage or own the county-run hospital. The decision ends a nine-month process of searching for a suitor for the medical center.
Primary Care
Notable Developments
Q3
2020
MDVIP, the market leader in personalized healthcare, today announced the expansion of its national footprint with the opening of the first MDVIP-affiliated primary care practice in North Dakota. Fargo-based, board-certified internist Michael Lillestol, M.D., F.A.C.P., has joined the MDVIP network to deliver personalized, preventive medicine to patients in the Fargo-Moorhead area. In addition to being an experienced clinician, educator, and diagnostician, he is a five-time Gold winner of the North Dakota Diabetes Care Provider Achievement Award.
Healthcare Investors / Advisors
Regulatory
Q3
2020
Last week, an FTC Commissioner used the occasion of a routine report to Congress to send a warning shot to private equity firms, especially those rolling up health care providers. Commissioner Rohit Chopra, an advisor to Senator Elizabeth Warren before he joined the Commission in May 2018, released a statement focusing particular scrutiny on private equity (PE) firms and the practice of acquiring physician groups, especially emergency medicine, anesthesiology, and other services that generate "surprise" out of network charges for otherwise insured patients.
Health Plans
Deal
Q3
2020
Churchill Capital Corp III ("Churchill") (NYSE: CCXX), a public investment vehicle, and MultiPlan, Inc. ("MultiPlan"), a market-leading, technology-enabled provider of end-to-end healthcare cost management solutions, announced Sunday that they have entered into a definitive agreement to merge. The combined company will operate as MultiPlan and will be listed on the NYSE. The transaction implies an initial enterprise value for MultiPlan of approximately $11 billion or approximately 12.9x estimated 2021 Adjusted EBITDA. The transaction will bring to MultiPlan up to $3.7 billion of new equity or equity linked capital to substantially reduce its debt and fund new value-added services.
Digital Health / Health Tech, Health Plans
Deal
Q3
2020
Benefytt Technologies, Inc. (NASDAQ: BFYT) ("Benefytt") ("the Company"), a health insurance technology company and leading distributor of Medicare-related health insurance plans, today announced that it has entered into a definitive agreement to be acquired by funds affiliated with Madison Dearborn Partners, LLC (the "MDP Funds"), a leading private equity firm based in Chicago that has deep experience in the insurance technology and health care industries. The all-cash transaction is structured as a tender offer of $31.00 per share that will commence in the coming days, followed immediately by a merger. The tender offer price per share represents a 59% premium over the 30-day volume-weighted average price per share of Benefytt's common stock through the close of trading on July 10, 2020. Following completion of the transaction, Benefytt will become a private company, substantially owned by the MDP Funds, and will no longer be traded on Nasdaq Global Select Market.
Ophthalmology
Deal
Q3
2020
Quigley Eye Specialists, which is a Southwest Florida leader in the diagnosis and treatment of vision disorders, has acquired an established optometry practice in Port Charlotte. The optometry office of Dr. Denise Billings joins two other Charlotte County practices under Quigley Eye Specialists ownership as well as six other offices in Lee and Collier counties. "Dr. Billings is an excellent doctor with a stellar reputation in Charlotte County for more than 30 years. Quigley Eye Specialists is growing rapidly to keep up with patient demand so it is important that we continue to add exceptional physicians to our medical team," said Dr. Thomas Quigley, founder of Quigley Eye Specialists.
Pediatrics
Deal
Q3
2020
Texas Children's Pediatrics (TCP), the nation's largest pediatric primary care network, today announced its eighth and ninth locations in Austin, Texas. Texas Children's Pediatrics Capital Pediatric Group Central - at 1100 West 39th Street - and Texas Children's Pediatrics Capital Pediatric Group North - at 4100 Duval Rd., Bldg. IV, Ste. 100 - join the growing network of over 50 locations offering high-quality, accessible and personalized pediatric care to Texas families. At Capital Pediatric Group, Dr. Sandra Treybig, Dr. Jayashree Mani, Dr. Helen Ma, Dr. Allan Frank, Dr. Thomas Hughes Jr., and Linda M. Stephens strive to offer personalized and compassionate medical care to the patient families they serve daily. For over 50 years, Capital Pediatric Group has been committed to meeting the individual needs of every child and family by providing the best environment for each patient's medical, developmental and emotional well-being.
Hospitals & Health Systems
Deal
Q3
2020
Orlando Health will move forward with purchasing St. Petersburg's largest hospital. The St. Petersburg City Council approved a lease agreement during a virtual city council meeting on Thursday in a 6-1 vote to approve a lease agreement with Orlando Health to take over the Bayfront Health property and its 50-year lease. Bayfront's parent company Community Health Systems Inc. (NYSE: CYH) announced in late June that an affiliate of the company had signed a definitive agreement to sell the Bayfront Health St. Petersburg property to a subsidiary of Orlando Health. However, the lease transfer was subject to the consent of the St. Petersburg City Council.
Real Estate Investment Trust
Deal
Q3
2020
Real estate investment and development firm MedCore Partners has acquired a seven-property senior living portfolio operated by Senior Services of America (SSA), and has ambitions to do similar value-add, middle-market deals going forward. The 582-unit portfolio consists of five properties in Washington state and two in California, offering a mix of independent living, assisted living and memory care. The communities will continue to be operated by SSA. They were previously owned by Chicago-based Ventas (NYSE: VTR), according to past property lists maintained by the real estate investment trust.
Digital Health / Health Tech
Notable Developments
Q3
2020
Economic downturns and catastrophic events can often prompt market consolidation, so perhaps it's no great surprise that the first half of 2020 has been unusually active when it comes to mergers and acquisitions, especially in the second quarter. MobiHealthNews tracked 23 confirmed acquisitions in Q2, plus one credibly reported one, and another 11 in Q1, for 35 so far this year - six up from last year's mid-year total of 29, although one caveat worth mentioning is that a number of the year's acquisitions are partial acquisitions of technology assets. Some deals represented clear consolidation in crowded subsets of the market: Healthy.io and Inui in home diagnostics, Fusion Health and Nox Health in sleep, and AireHealth and BreathResearch in respiratory care. Others showed the continued investment of big players in the space through acquisition - players like Novartis, lululemon and Walmart.
Industry Trends
Notable Developments
Q3
2020
Smaller home-based care agencies could be forced to close their doors as a result of the coronavirus, creating merger-and-acquisition opportunities for larger providers in the space. However, the Paycheck Protection Program (PPP) adds a new layer of complexity to some of those M&A opportunities, specifically if an acquisition target is the recipient of a PPP loan. Before entering a deal with a PPP recipient, buyers should consider how many employees the home-based care agency has, what the PPP loan total is and when the loan will be forgiven, among other factors. If buyers decide to proceed with the transaction after all that, there are also special considerations they should take into account when pricing the deal and creating the purchasing agreement, according to Philip Feigen, attorney and shareholder at the international law firm Polsinelli.
Healthcare Investors / Advisors, Life Sciences
Notable Developments
Q3
2020
Blackstone has closed what it claims is the largest-ever private equity fund for life sciences investing, with $4.6 billion at its disposal as of Thursday. Before the close, Blackstone had already invested an estimated $1 billion of the fund's money. In April, the New York-based firm and genetic medicine developer Alnylam Pharmaceuticals entered into a licensing and financing deal worth as much as $2 billion overall. Two months later, it inked separate deals with Reata Pharmaceuticals and devices maker Medtronic valued respectively at $350 million and $337 million. Blackstone's head of life sciences, Nicholas Galakatos, said the rest of the fund will be directed toward three areas: established life science companies, late-stage product financings and growth investments in emerging companies.
Hospitals & Health Systems
Notable Developments
Q3
2020
Teaching hospitals present a unique set of challenges and opportunities in health care transactions. A transaction involving a teaching hospital has the potential to positively impact significant post-transaction revenue, provided that the factors needed for teaching hospital reimbursement are maintained. This article outlines the advantage that teaching hospitals enjoy in the fraud and abuse context, and describes select hospital graduate medical education ("GME") funding issues that can arise in the context of a transaction.
Medical Devices
Notable Developments
Q3
2020
Thanks to Thermo Fisher Scientific and Invitae, two groups brave enough to push ahead with multibillion-dollar acquisitions during a pandemic, the total value of medical device M&A announced in the first half of 2020 nudged over $15bn. This is still a distressingly low figure, however the real shock is not the value of the deals announced, but of those that have closed. The medtech deals completed so far in 2020 have a total value of less than $2bn. This is despite mergers worth a total of more than $21bn remaining open. The Covid-19 pandemic seems to have made it harder to hammer out the legal or financial complications of closing deals than it did to conduct the negotiations in the first place.
Pharmaceuticals & Biopharmaceuticals
Notable Developments
Q3
2020
Lannett Company, Inc. (NYSE: LCI) today announced a restructuring and cost savings plan. The initiatives include consolidating the research and development (R&D) function into a single location in Philadelphia and lowering operating costs. The company's workforce will be reduced by approximately 80 positions, equal to approximately 8.5% of the company's total number of employees. The company said that it expects these actions to result in cost savings in excess of $15 million annually. Lannett Company, founded in 1942, develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of medical indications.
Pharmaceuticals & Biopharmaceuticals
Regulatory
Q3
2020
U.S. national-security officials are reviewing the 2017 acquisition of a South Carolina pharmaceutical company by Chinese investors after learning the firm was in talks to participate in a Pentagon project to develop injection devices for a coronavirus vaccine, according to people familiar with the matter. The Committee on Foreign Investment in the U.S.'s inquiry into the acquisition of Ritedose Corp. of Columbia, S.C., was also referenced in a statement by the Pentagon's Defense Logistics Agency, which earlier granted Ritedose a five-year contract to support daily pharmaceutical purchases for the government.
Behavioral Health
Deal
Q3
2020
BrightView, a comprehensive outpatient addiction treatment provider with 18 locations throughout Ohio, has acquired Rebound Recovery Centers with locations in Lexington, Paris, and soon to be Nicholasville. The Lexington and Paris centers officially began operating as BrightView facilities on July 7. Originally opened in 2017 in Paris, Rebound Recovery was created to address the opioid epidemic overwhelming Kentucky. After recognizing the significant need, Rebound Recovery expanded to Lexington in 2018 and was in the process of opening a center in Nicholasville, BrightView said in a release. By joining BrightView, Rebound Recovery will be able to expand its services and continue to provide life-saving care to those struggling with addiction, BrightView said in a statement announcing the purchase.
Healthcare Information Technology
Deal
Q3
2020
Health Catalyst, Inc. ("Health Catalyst," Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations, announced Thursday that it has entered into a definitive agreement to acquire healthfinch, Inc., a Madison, Wisconsin-based company that provides a workflow integration engine delivering insights and analytics into EMR workflows to automate physicians' ability to close patient care gaps in real-time. The healthfinch acquisition, which will allow Health Catalyst's customers to enhance clinical workflows in the EMR, further strengthens the Health Catalyst Population Health portfolio, which was bolstered by the Able Health acquisition in February 2020 and Care Management Suite launch earlier this month.
Healthcare Consulting, Urgent Care
Deal
Q3
2020
Urgent Care Partners (UCP) announced Thursday it has acquired Merchant Medicine (MM), a management consulting company supporting retail health care, telehealth solutions and related on-demand consumer-driven health care. MM created the ConvUrgentCare Symposium, an annual conference of forward-thinking healthcare executives seeking paths to advanced care delivery systems. UCP is at the forefront of partnering with healthcare systems to capture new patient relationships through the most innovative urgent care clinic model. The addition of Merchant Medicine to UCP will expand the company's offerings to include best-in-class benchmarking, analytics, and consumer-driven strategies that build stronger on-demand models for non-profit healthcare systems.
Digital Health / Health Tech
Deal
Q3
2020
Spacelabs Healthcare, a global designer and manufacturer of patient monitoring and diagnostic cardiology solutions, announced Thursday that it has acquired an innovative cloud platform developed by BoxView, LLC ("Boxview"). Founded in 2011, BoxView develops enterprise software designed to manage patient monitoring information, coordinate care, and track metrics aimed at improving quality, throughput, and efficiency. "In today's fast-paced environment, healthcare organizations need immediate access to actionable information on patients, devices, and workflow," said Spacelabs President Shalabh Chandra.
Health Plans, Medicare / Medicaid
Notable Developments
Q3
2020
Medicare Advantage is the public-private partnership in Medicare chosen today by more than one-third of the Medicare eligible population to receive their health coverage. In this report, the Better Medicare Alliance has compiled a comprehensive, one-of-a-kind picture of the state of Medicare Advantage - from beneficiary demographics, to consumer costs and satisfaction, to health outcomes and projections for the future.
Behavioral Health, Telehealth
Notable Developments
Q3
2020
According to a recent survey from the American Psychological Association, three-quarters of clinicians are doing only teletherapy, and another 16 percent are doing a combination of remote and in-person sessions. As the nation gingerly begins to reopen, many providers say that remote therapy is working so well and offers such convenience to their patients that they will continue with it even after the pandemic. Peer-reviewed studies have shown that remote therapy - or "teletherapy," which is generally done through videoconference - can be just as effective as in-person therapy for treating post-traumatic stress disorder, depression and anxiety, according to Leslie Morland, director of the Regional TeleMental Health Program at the San Diego VA Health Care System. "There's always a contingent who are pretty convinced that they have to have their patients in the room with them, even though that's not supported by the data," Dr. Morland said.
Pharmacy
Notable Developments
Q3
2020
Results of ASHP's annual survey of pharmacy directors at nearly 5,000 hospitals in the United States provide key insights into the current state of pharmacy practice in hospitals and health systems, particularly in the areas of prescribing, opioid stewardship, staffing, and use of mobile technology.
Surgical Centers / Facilities and Practices
Notable Developments
Q3
2020
Five spine surgeons discuss the impact of COVID-19 on consolidation in the spine field, agreeing that it will continue to be a trend post-pandemic.
Hospitals & Health Systems
Notable Developments
Q3
2020
Lockport, N.Y.-based Eastern Niagara Hospital refiled for bankruptcy protection July 8, two weeks after its previous bankruptcy case was dismissed. The hospital first filed for Chapter 11 bankruptcy in November. The bankruptcy court dismissed the case June 24 at the request of the hospital to allow it to apply for a Paycheck Protection Program loan, according to Buffalo Business First. Eastern Niagara Hospital President and CEO Anne McCaffrey said the hospital refiled for bankruptcy to continue the debt restructuring process.