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.

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Showing results 1 through 50 of 17115

Website
Vertical
Category
QTR
Year
Summary
Digital Health, IT, & Software
Deal
Q1
2022
IBM (NYSE: IBM) and Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, have announced that the companies have signed a definitive agreement under which Francisco Partners will acquire healthcare data and analytics assets from IBM that are currently part of the Watson Health business. The assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex, and imaging software offerings. “We have followed IBM’s journey in healthcare data and analytics for a number of years and have a deep appreciation for its portfolio of innovative healthcare products,” said Ezra Perlman, Co-President at Francisco Partners.
Physical Therapy & Outpatient Rehabilitation
Deal
Q1
2022
Empower Physical Therapy today announced the acquisition of ProActive Physical Therapy & Sports Medicine, located in San Diego, California. The practice was established with a single clinic in 2006 by founders Jack Pentlarge and Amyn Valji, and has since grown to six locations across the San Diego and North County metropolitan area. ProActive Physical Therapy & Sports Medicine provides award-winning outpatient physical therapy services using a hands-on, individualized approach. ProActive currently operates locations in Carlsbad, Vista, Mission Valley, Rancho Bernardo, Carmel Valley, and National City.
Dental
Deal
Q1
2022
Marquee Dental Partners, a leading Dental Service Organization, announces its partnership with Advanced Dental Arts and their four Tampa-area offices. With this deal, Marquee Dental furthers its expansion into the Florida market, increasing its presence there to 20 offices across 11 leading dental brands. Advanced Dental Arts is a four-office brand located in the greater Tampa, Florida market. Five dentists have provided industry-leading family and specialty dental care to thousands of patients in the Tampa community.
Healthcare Consulting, Pharmaceutical Services
Deal
Q1
2022
IntegriChain, delivering Life Sciences' only comprehensive data and business process platform for market access, announced Thursday that it has acquired Blue Fin Group, a full-service professional management consulting firm delivering research, strategy, and implementation services to help manufacturers optimize access. More than 300 Life Sciences manufacturers – spanning cell and gene therapies, orphan/rare, specialty, primary care, vaccines, biosimilars, and generics – have relied on Blue Fin Group to optimize patient outcomes by orchestrating marketing, market access, field sales, pharmacy and distribution, and patient services as a seamless commercial strategy.
Digital Health, IT, & Software, Healthcare Consulting
Deal
Q1
2022
emids, a leader in digital engineering and transformation solutions to the healthcare and life sciences industry, today announced the acquisition of Cloud Development Resources (CDR), a leading provider of low-code, enterprise-grade business solutions and services on the OutSystems platform for some of the country’s leading and largest healthcare and life sciences companies. Headquartered in Sarasota, Florida, with 180 employees in the U.S. and Philippines, CDR is a premium and award-winning partner of OutSystems, delivering low-code consulting services to a wide variety of customers but with a particular focus on clients in the healthcare and life sciences industry.
Surgical Centers & Facilities
Deal
Q1
2022
ASCs Inc. is pleased to announce the sale of Newport Beach Multi-Specialty Surgery to a regional surgery center management company that is focused on expanding its platform throughout Southern California. The multi-specialty ASC, with three full operating rooms, is located in a prime location in Newport Beach and has been operational for 20 years. The founding partner, who was nearing retirement, was looking for a group that would help him transition the center and provide a platform for growth.
Healthcare Staffing & Education
Deal
Q1
2022
The voting members of the AAMC (Association of American Medical Colleges) and the AAHC (Association of Academic Health Centers) have approved a merger of their two organizations as of April 1, 2022. Under the terms of the agreement, the AAHC will become part of the AAMC. The leaders of both organizations expressed enthusiasm about the merger, which was overwhelmingly approved by both organizations. The AAMC’s voting members comprise the 153 non-profit schools of medicine; the AAHC’s voting members are their domestic institutional members. The merger also includes the AAHC’s Sullivan Alliance, which aims to strengthen the capacity and quality of the nation’s health workforce by increasing diversity in every area of health care and across all aspects of academic health centers.
Animal Health
Deal
Q1
2022
Advancing practice, care, and service standards across the U.S., Avanti Equine Veterinary Partners vaulted into 2022 with two new partnerships. One of two exciting alliances formed, capping off the year with great momentum, Avanti acquired California-based Steinbeck Peninsula Equine Clinic on December 22, 2021. Steinbeck Peninsula is a full-service equine practice, with two full-service hospitals, three ambulatory locations, as well as a companion animal hospital. Under the umbrella of this promising collaboration, Steinbeck Peninsula can turn to the Avanti management team as a consulting group, pinpointing meaningful solutions and resources to tackle business management challenges.
Animal Health
Deal
Q1
2022
An equine veterinary practice network promoting better practice, care, and service standards all over the country, Avanti Equine Veterinary Partners closed the year enthusiastically. In a second of two visionary, dynamic partnerships, the national network acquired Irving, Texas-based Animal Imaging on December 22, 2021.Dr. Jake Hersman, Equine Director and founder of Animal Imaging, built the practice around compassionate experiences for clients, patients, and referral veterinarians. Harnessing prime veterinary diagnostic imaging, their team works to deliver empathetic, above-and-beyond care.
Digital Health, IT, & Software, Pharmaceutical Services
Deal
Q1
2022
TriNetX, the global network of healthcare organizations driving real-world research to accelerate the development of new therapies, today announced the acquisition of Advera Health Analytics, the leader in pharmacovigilance software and data for detection, management, and mitigation of drug safety concerns. The acquisition of Advera, and its industry-leading Evidex platform, will enable TriNetX clients to gain a complete view of drug safety issues as they happen in real time. The power of Evidex, and the vast real-world data on the TriNetX network, will help life sciences companies refine, manage, and validate safety signals with deep clinical data, and greater efficiency than what the industry has traditionally relied upon.
Electronic & Precision Equipment Repair & Maintenance
Deal
Q1
2022
Probo Medical (“Probo”), a leading global provider of medical imaging equipment, parts, repair and service, announced Thursday the completion of its acquisition of REMETRONIX. REMETRONIX, incorporated in 1992, is the leading service provider for installation and deinstallation services of medical equipment in North America. Based in Port St. Lucie, Florida, REMETRONIX provides transportation, rigging, installation, de-installation, maintenance, storage and refurbishment of medical imaging equipment.
Digital Health, IT, & Software
Deal
Q1
2022
Medical Imaging Solutions, a premier provider of imaging services in the U.S., announced that it has agreed to acquire CER Technology, a leading national provider of Healthcare Technology Management solutions. Upon closing the transaction, the combined company will offer comprehensive Imaging, Healthcare Technology Management, and Information Technology solutions servicing all regions of the U.S. The combined company will include three regional business centers: Woodstock, Georgia, Henderson, Nevada, and San Antonio, Texas.
Pharmaceuticals & Life Sciences
Deal
Q1
2022
Eleusis, a clinical-stage life science company that aims to unlock the therapeutic potential of psychedelics, and Silver Spike Acquisition Corp. II (“SPKB”) (NASDAQ: SPKB/SPKBU/SPKBW), a publicly traded special purpose acquisition company (“SPAC”) sponsored by an affiliate of Silver Spike Capital (“Silver Spike”), announced Thursday that they have signed a definitive business combination agreement expected to make Eleusis a public company. Upon the close of the transaction, the combined company will be operated through Eleusis Inc., a new holding company, and will apply to have its common stock listed on Nasdaq under the symbol “ELEU.”
Healthcare Real Estate
Deal
Q1
2022
Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of Perimeter Center Commons, a medical office complex located at 17300 North Perimeter Drive in North Scottsdale, Arizona, in the Phoenix metro area. United Urology Group, which leases 52% of the building’s space, is the dominant specialty practice in the area, with additional locations in Glendale, Mesa, Arrowhead and Peoria. Integrated Orthopedics, which leases approximately 17,650 square feet, is a well-known local group that specializes in orthopedic surgery, sports medicine and physical therapy. Admire Plastic Surgery, led by a nationally recognized surgeon, Dr. Anthony Admire, occupies 5,239 square feet of the property’s space.
Healthcare Real Estate
Deal
Q1
2022
Montecito Medical, a premier owner of medical office properties throughout the U.S., has completed the acquisition of the Windsong Medical Park property in Williamsville, New York. The two adjoining buildings that comprise the fully leased medical park offer a combined total of more than 72,000 rentable square feet of space. Windsong Radiology, a large radiology group, is the medical park’s anchor tenant, occupying slightly more than 41,000 square feet.
OBGYN / Women's Health
Notable Developments
Q1
2022
Women are the "power buyers" of healthcare, controlling about 80% of the healthcare spend in the U.S., which is a nearly $4 trillion industry. Women's health is now in the spotlight, and investors have been quick to put their cash into this growing market. Digital health startups focused on women's health care pulled in $1.3 billion in funding across 26 deals by October 2021—nearly doubling all of 2020's funding with four months still left to go, according to digital health venture fund Rock Health. "You have to have blinders on, quite frankly, if you're not understanding that dynamic and where the trend line is going," said healthcare investor Lynne Chou O'Keefe, founder and managing partner at Define Ventures, during a Fierce JPM Week panel discussion.
Digital Health, IT, & Software
Notable Developments
Q1
2022
Amazon is poised to continue its 2022 expansion in more than just e-commerce sales. It’s about to become the largest U.S. carrier for delivery services. Yes, larger than the U.S. Postal Service, UPS and FedEx. That may sound unrelated to healthcare, but it really isn’t. That infrastructure is helping Amazon deliver their own branded PCR COVID-19 tests. It’s helping them deliver pharmaceuticals through PillPack. And it may help them become an even bigger player in the home health arena. Here are three areas to watch in 2022.
Behavioral Health
Notable Developments
Q1
2022
Chicago-based private equity firm Madison Dearborn Partners LLC will acquire a 25% stake in Boston-based Sevita Health, according to a report from Axios Pro. If the deal goes through Madison Dearborn Partners will join New York City-based Centerbridge Partners LP and Chicago-based Vistria Group LP as investors. Sevita, formerly The Mentor Network, provides community-based and in-home care services for people with intellectual and developmental disabilities (I/DD). Axios Pro reports that Madison Dearborn Partners’ investment comes with a $3 billion valuation for Sevita and the company reportedly had $300 million of EBITDA in 2021.
Digital Health, IT, & Software, Healthcare Investors / Advisors
Notable Developments
Q1
2022
Digital health continues to break funding records as companies across the globe raked in $30.7 billion in venture capital in 2021, according to data from Digital Health Business & Technology. Investments during the fourth quarter were $7.6 billion across 206 deals, a 6% drop from the recording-setting $8.1 billion raised by digital health companies during the previous quarter. But venture capital funding increased 68% year-over-year, as digital health companies raised just $4.5 billion in 139 deals during the fourth quarter of 2020. Here are the five digital health sectors that scooped up the most venture-capital funding in 2021.
Healthcare Staffing & Education
Notable Developments
Q1
2022
Although stable during the first year of the pandemic, physician rates of burnout increased in 2021, with a sharp rise among physicians in emergency medicine. The Medscape Physician Burnout & Depression Report 2022: Stress, Anxiety and Anger found a five-percentage point increase in burnout overall, from 42% in 2020 to 47% in 2021, with an increase in ER physician burnout from 43% to 60% last year. Most physicians said that burnout permeates most aspects of their lives, with 54% indicating that the impact was strong to severe, including with their relationships.
Hospitals & Health Systems
Notable Developments
Q1
2022
Just before Christmas, LifePoint Health announced the completion of its acquisition of Kindred Healthcare, just two months after the transaction was first announced. Through the transaction, LifePoint grew its already large footprint across 29 states, and now has more than 65 community hospital campuses, over 170 additional sites of care, and over 30 rehabilitation and behavioral health hospitals added from Kindred. LifePoint CEO David Dill and ScionHealth CEO Rob Jay spoke with HealthLeaders about the LifePoint and Kindred transaction, the launch of ScionHealth, and the organizations' future strategies in a recent interview.
Surgical Centers & Facilities
Notable Developments
Q1
2022
Penn State Health has become a part owner in the Surgery Center of Lancaster. The move represents the first project of a joint venture involving the health system and ValueHealth, which announced plans in late 2020 to develop a high-performance surgical network. The new ownership group, including 17 surgeons who will maintain ownership stake, aims to accelerate the growth of the center’s service offerings and further expand access to value-based surgical care in the region. Also, patients in Lancaster County will have access to Penn State Health surgeons at the Surgery Center of Lancaster without having to leave the county.
Industry Trends
Regulatory
Q1
2022
Antitrust regulators said Tuesday they are looking to modernize merger guidelines in an effort to crack down on tie-ups amid a flood of merger filings that has more than doubled in the past year. Leaders of the Federal Trade Commission and Department of Justice are launching a review of the current guidelines that are used to detect and analyze potentially unlawful mergers. Those policing guidelines have not been updated in 12 years, potentially excluding realities of a modern economy, leaders said.
Health Plans & Payor Services
Regulatory
Q1
2022
The Center for Medicare and Medicaid Innovation (CMMI) wants to replace or improve its risk adjustment methodology after concerns of Medicare Advantage plans upcoding to get higher payments, the center’s director said. CMMI Director Liz Fowler, Ph.D., detailed how the center plans to shift the focus in its payment models to care delivery during a webinar Wednesday sponsored by the advocacy group United States of Care. The remarks come as scrutiny over MA coding practices has loomed over the lucrative market.
Animal Health
Deal
Q1
2022
Alliance Animal Health ("Alliance" or "the Company"), a leading acquirer and operator of veterinary hospitals for companion animals, today announced that it has received a significant growth investment from the Flagship Fund of L Catterton, the largest global consumer-focused private equity firm. LightBay Capital will retain a significant minority stake. Founded in 2016, Alliance Animal Health is a multi-site owner, operator, and business partner to veterinarians across the United States. The Company's partnership model and infrastructure drives alignment and sustainable business growth while allowing veterinarians to continue to practice medicine independently.
Physical Therapy & Outpatient Rehabilitation
Deal
Q1
2022
APT Healthcare (the “Company”), one of the largest outpatient physical therapy (“PT”) platforms in the Mid-Atlantic, today announced a strategic growth investment from York Capital Management’s private equity group (“York Private Equity”). Founded in 2002, APT Healthcare provides PT services through its leading portfolio of brands. Since its founding, APT Healthcare has grown steadily and established a reputation as a leading, high-quality physical therapy provider in the Mid-Atlantic Region. The Company has expanded its presence into seven markets with nearly 60 clinics located in Maryland, Virginia and Washington, D.C.
Pharmacy
Deal
Q1
2022
Pine Tree Equity IV, LP (“Pine Tree Equity”), a private equity firm based in Miami, FL, is pleased to announce that it has recapitalized Summit Health Pharmacy, LLC (“Summit” or the “Company”) in December 2021. The Company, founded in 1995 and headquartered in Brookhaven, PA, is a leading provider of pharmacy compounding services, with a focus on rare pediatric metabolic medications. Summit operates a 503A pharmacy that produces prescriptions customized for, and specific to, individual patients. Summit marks Pine Tree Equity’s 99th investment since inception in 2007 (i.e., 30 platform and 69 add-on acquisitions).
Gastroenterology
Deal
Q1
2022
GI Alliance, the nation's largest independent gastroenterology services organization, is pleased to announce a partnership with Denver Digestive Health Specialists. This alignment expands GI Alliance's Colorado presence by combining forces with the existing GI Alliance partner, Colorado Gastroenterology, in Denver. Denver Digestive Health Specialists (DDHS) consist of six board-certified gastroenterologists. Focused on a multi-disciplinary approach, DDHS is one of Denver's premier gastroenterology practices.
Dermatology
Deal
Q1
2022
Schweiger Dermatology Group, the leading dermatology practice in the Northeast, has announced the acquisition of Theta Dermatology in Altamont, New York. Founded by board-certified dermatologist Dr. Theta Pattison, Theta Dermatology has served patients in New York's Capital District since 1995. Along with Dr. Pattison, Erin Winter, MD, Mary Spratt, RPA-C, Karyn Pauze, RPA-C, Samantha Lagace, RPA-C, Kelley E. Powers, MPA PA-C, and Allison Potolski, RPA-C join Schweiger Dermatology Group.
Digital Health, IT, & Software
Deal
Q1
2022
The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in Transplant Connect (TC), whose iTransplantSM software platform facilitates the donation, transplantation and research of human biologics (including organs, tissues, corneas and birth tissue). TC is an add-on investment to Riverside’s platform InVita Healthcare Technologies (InVita), which delivers supply chain software solutions to complex medical environments. Founded in 2003 and based in Los Angeles, California, Transplant Connect’s software provides for clinical information management, communications, analytics and logistics by various medical organizations throughout the lifecycle of biologic donation and transplantation.
Digital Health, IT, & Software
Deal
Q1
2022
Babylon has acquired DayToDay Health, a care management platform that supports patients preparing for and recovering from surgeries, bolstering the health tech unicorn’s remote care portfolio. DayToDay offers programs pre- and post-operation as well as for health events like childbirth and after diagnoses of chronic conditions. The company’s educational and clinical support services help drive down rehospitalization rates, demonstrated below 4%, according to the company, compared to the industry average around 15%. Babylon will integrate DayToDay’s offerings into its digital platform, powering its strategy of reducing burdens on patients and healthcare systems through proactive care.
Digital Health, IT, & Software, Orthopedics
Deal
Q1
2022
DarioHealth Corp. (Nasdaq: DRIO), a leader in the global digital therapeutics (DTx) market (the Company), announced it has entered into an agreement to purchase all of the right, title and interest in certain assets of Physimax Technologies Ltd. ("Physimax"), a leading provider of computer vision (CV) technology for Musculoskeletal (MSK) functional screening and predictive risk of injury assessment. Physimax's technology is currently in commercial use by NBA and NFL teams, the U.S. military and health care facilities specializing in orthopedic care.
Telehealth
Deal
Q1
2022
Dura Software, specialists in acquiring and operating hyperniche software products, announced it has acquired SecureVideo, a cloud-based software company with extensive experience developing a secure SaaS telehealth platform for the healthcare industry. Expanding the Dura portfolio, SecureVideo is the ninth acquisition for Dura Software and furthers the Dura mission of acquiring niche software companies that serve critical business needs. Serving the healthcare industry, SecureVideo produces a HIPAA-compliant, cloud-based telehealth platform designed to aid clients with quickly mastering their telehealth workflow.
Hospitals & Health Systems
Deal
Q1
2022
Capital Health signed a definitive agreement to acquire Trinity Health's St. Francis Medical Center, the New Jersey-based health systems announced Wednesday. Capital Health operates Capital Health Medical Center—Hopewell in Pennington and Capital Health Regional Medical Center in Trenton, which is two miles away from St. Francis. Capital Health has a medical group that includes more than 20 primary-care practices and dozens of specialty practices. In addition to the academic medical center, Capital Health would acquire St. Francis' physician group, its schools of nursing and radiology and its internal medical residency program.
Medical Devices
Deal
Q1
2022
O2 Investment Partners announced today that it has partnered with Modular Devices, Inc. and its President & CEO, Greg Mink, to support the Company’s continued growth. Founded in 1987, Modular Devices, Inc. (“MDI” or the “Company”) is a leading provider of mobile and modular medical imaging equipment labs and cleanroom solutions throughout the United States. MDI’s medical imaging solutions offer various imaging modalities through short- and long-term leases to healthcare systems of all sizes. MDI is the sixth platform investment for O2’s most recent fund, O2 Investment Partners Fund III. O2 and MDI are aggressively pursuing M&A opportunities to expand the Company’s product and service offering.
Business Services
Deal
Q1
2022
Medical Technology Associates, Inc. (MTA) is pleased to announce the acquisition of GasMedix, LLC headquartered in Evansville, Indiana. Founded in 2003, GasMedix is a leader in the Midwest market for medical gas services, equipment, and compliance testing with a strong, proven track record of service excellence. GasMedix will deepen MTA's Midwest presence and extend the team's ability to deliver standardized medical gas testing to the largest of Healthcare Systems.
Digital Health, IT, & Software, Medical Devices
Deal
Q1
2022
Greenlight Guru, pioneer of the only dedicated Medical Device Success Platform (MDSP), announced Wednesday its acquisition of CanvasGT, a software company that creates a modern solution for medical device companies to collaborate on initial designs and concepts prior to establishing a quality system and implementing formal design controls. Their visual, user-friendly solution enhances the research and design phases for medical device innovators by providing a solution that enables a collaborative, creative, and iterative process while seamlessly capturing design history along the way.
Business Services, Orthopedics
Notable Developments
Q1
2022
Aligning with musculoskeletal management services organizations is becoming a more attractive strategic option for some orthopedic practices as economic, payer and administrative hurdles continue to challenge physician-owned groups to maintain independence. The list of tasks medical practice managers must address — coding, billing, compliance, payroll, revenue cycle management, etc. — requires a significant amount of time. Ensuring a practice is getting the best pricing for supplies, implants and services as well as tending to day-to-day issues can prove overwhelming, which is where MSOs aim to help out.
Industry Trends
Notable Developments
Q1
2022
Health care merger and acquisition activity soared in the fourth quarter of 2021, hitting a record 733 deals, according to new acquisition data from LevinPro HC. Activity in the fourth quarter was 22% higher than the third quarter when 601 transactions were announced; it’s a sharp increase of 42% compared with Q4:20 when only 517 deals were announced. Activity in sectors such as Physician Medical Groups and Long-Term Care drove much of the volume, with 138 and 122 deals, respectively, but there was a notable 40% jump in activity in the Other Services sector. Demand for healthcare real estate, such as medical office buildings and properties, helped drive the increase especially. Activity in the Home Health & Hospice and Behavioral Health Care sectors remained stable thanks to tailwinds in each market.
Behavioral Health
Notable Developments
Q1
2022
A series of consumer surveys and interviews conducted by McKinsey finds Gen Zers reporting the least positive life outlook, including lower levels of emotional and social well-being than older generations.
Home Health & Hospice
Notable Developments
Q1
2022
In December 2020, Encompass Health Corporation (NYSE: EHC) announced that it was “exploring strategic alternatives” for its home health and hospice segment. The company doubled down on its preferred option on Wednesday. The Birmingham, Alabama-based company announced it intends to spin off the segment into a new publicly traded company under the name “Enhabit Home Health & Hospice.” Encompass Health’s current footprint includes 145 hospitals, 251 home health locations and 96 hospice locations. The home health and hospice segment posted revenues of about $273.9 million in the third quarter of 2021.
Health Plans & Payor Services
Notable Developments
Q1
2022
Six health insurers control roughly three-quarters of the fast-growing Medicare Advantage market, according to an Axios analysis of federal data. Medicare Advantage enrollment hasn't slowed down in 2022, even though dismal projections from Humana and Cigna freaked out Wall Street earlier this month, and concentration at the top remains high. UnitedHealth Group had almost 7.9 million MA members as of Jan. 1, the most of any insurer and an 11% increase from the 7.1 million members it had at the same time in 2021, according to federal data. That means UnitedHealth captured roughly one out of every three people who joined Medicare Advantage this year.
Behavioral Health
Regulatory
Q1
2022
The U.S. Department of Health and Human Services (HHS), the nation’s top health care regulator, will tackle three major initiatives within the behavioral health space in 2022 as the Biden administration enters its second year. The agency holds up increasing access, promoting equity, tackling the COVID-19 pandemic and enhancing the priorities of children and families as key rhetorical points at the heart of the many specific objectives for 2022. Behavioral health is key to those objectives, according to a regulatory priorities document published by HHS.
Multi-Specialty and Other Physicians' Offices, Urology
Deal
Q1
2022
Summit Health, formed by the merger of CityMD and Summit Medical Group in 2019, announced today two major partnerships with Westmed Medical Group (“Westmed”), a multispecialty medical practice with locations in Westchester County, NY and Fairfield County, CT, and New Jersey Urology (“NJU”), one of the leading urology practices in the United States. Westmed Medical Group is an award-winning multispecialty medical practice, staffed by a team of nearly 500 top physicians and advanced care providers, and 1,500 clinical employees dedicated to providing patients with comprehensive, lifelong care. New Jersey Urology is a premier urology practice in the United States. NJU provides complete urologic care and comprehensive individualized treatment at more than 60 locations, including six state-of-the-art Cancer Treatment Centers.
Home Health & Hospice
Deal
Q1
2022
InTandem Capital Partners, LLC (“InTandem Capital”), a healthcare services focused private equity firm, announced today that its affiliated funds, InTandem Capital Partners Fund II, LP and InTandem Capital Opportunities Fund, LP, have completed a growth equity investment in Providence Care (the “Company”), a leading provider of post-acute and end-of-life services in South Carolina. “Our investment in Providence Care aligns perfectly with our strategy and standards for partnering with high-quality healthcare companies,” said Todd Squilanti, Managing Director of InTandem Capital. “We believe in order to deliver a superior patient experience while simultaneously providing a comprehensive solution for payers, end-of-life care should include in-home integrated routine physician services, skilled nursing, palliative care and hospice services.
Pharmacy, Pharmacy Benefit Managers (PBMs)
Deal
Q1
2022
SPS Health, a leading value-based care solutions provider serving post-acute pharmacies and pharmacy benefit managers, announced a strategic growth investment from Nautic Partners ("Nautic"). Nautic Partners is a private equity firm with deep healthcare experience and invested in SPS out of its tenth fund, which has over $3 billion of committed capital. This partnership will support SPS Health’s further investment in innovative technology and clinical and operational solutions supporting its pharmacy and PBM clients.
Revenue Cycle Management
Deal
Q1
2022
Knack Global (“Knack” or the “Company”), a leading provider of Revenue Cycle Management (“RCM”) solutions, announced Tuesday that it has successfully completed the recapitalization of the Company through an investment led by LKCM Headwater Investments (“LKCM”) and further supported by Weave Growth Partners (“Weave”). The combined partnership will seek to accelerate the Company’s growth by bolstering its direct sales capability, augmenting the service model with tech enablement, and expanding within current and new verticals via opportunistic acquisitions which will further cement the company’s foothold in the rapidly growing, yet fragmented, $110 billion domestic RCM market.
Gastroenterology, Surgical Centers & Facilities
Deal
Q1
2022
GI Alliance, the nation's largest independent gastroenterology services organization and largest independent provider of GI care in Arkansas, announced a new partnership with an exceptional group of Northwest Arkansas gastroenterologists. This collaboration expands GI Alliance's Arkansas footprint to the Fayetteville, Bentonville, and Rogers regions. The new group of providers have assumed the name GI Alliance of Arkansas and, coupled with GI Alliance's GastroArkansas practices in Little Rock, Bryant, and Conway will become Arkansas's largest GI physician network. Formerly affiliated with the multi-specialty practice, Medical Associates of Northwest Arkansas (MANA), the group of Northwest Arkansas providers includes six board-certified gastroenterologists and three advanced practice providers and has been leading the region in GI care for over 20 years.
Orthopedics
Deal
Q1
2022
On Dec. 7, 2021, 7 Springs Orthopedics completed the acquisition of Sport Ortho Urgent Care in order to form one of the largest orthopedic providers in Tennessee. The company will assume the primary name of "Sport Ortho Urgent Care" in an effort to further communicate a patient-centered healthcare model with immediate access to musculoskeletal care and extended hours of operation. With plans to continue rapidly expanding facilities and service lines, the long-established orthopedic providers now boasts 14 full-time orthopedic locations in Middle Tennessee, six of which offer full-time physical therapy in-house. The company will continue to increase its geographic footprint throughout the state and has plans to begin evaluating its expansion into other states in 2022.
Dental
Deal
Q1
2022
Allied OMS – a doctor-owned-and-led management services organization in the oral and maxillofacial surgery space – is pleased to announce that it has entered the southern California market with two new partnerships. Rancho Oral and Facial Surgery has three locations in Inland Empire and Corona Oral Surgery & Implant Center serves patients in Corona, CA. The addition of Rancho Oral and Facial Surgery and Corona Oral Surgery & Implant Center to Allied OMS’s network of partner practices expands access to care to thousands of patients throughout California. Headquartered in Southlake, Texas, Allied OMS has a total of 11 partner practices serving patients out of 17 locations across California, Colorado, and Texas.