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.
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.
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.
CB2 Insights (CSE:CBII; OTCQB: CBIIF) (“CB2” or the “Company”), one of the largest multi-specialty healthcare systems in the United States, is pleased to announce that it has entered into a binding Letter of Intent (“LOI”) to acquire the assets of APEX Family Medical (“APEX”) in Denver, Colorado. The acquisition of APEX will strengthen the existing base of operations in the State. CB2 currently operates 4 physical clinics and a telemedicine platform in Colorado providing care to over 17,000 patients. The addition of APEX brings existing relationships with payors and insurable services that will bolster insurable services for existing patients.
Medical clinics that cater to chronically ill seniors are expanding rapidly across the country as they vie for patients in the lucrative, fast-growing Medicare Advantage market. Clinic operators ChenMed, Oak Street Health and Partners in Primary Care are among companies that have recently unveiled plans to bring senior-focused medical centers to new communities. Meanwhile, some hospital systems are attempting to get in on the action with their own senior clinics. It may seem counterintuitive to build a business around caring for the oldest, sickest, most-expensive patients in the country. But the clinic operators say that’s where they find the greatest opportunity to save and pocket those costs. Venture capital firms and Medicare Advantage insurers are betting they will succeed.
The number of primary care physicians increased significantly from 2009 to 2017, though growth was more pronounced in urban rather than rural areas, according to a JAMA Network Open study published Wednesday. In urban counties, the density of primary care physicians increased 20.8% from 2009 to 2017. For rural counties, it increased by 14.3%. Rural clinician shortages may be associated with the widening gap in population health outcomes between rural and urban residents that policy and intervention efforts could help fix, the study’s authors wrote.
CB2 Insights (CSE:CBII; OTCQB: CBIIF) (“CB2” or the “Company”), one of the largest multi-specialty healthcare systems in the United States, is pleased to announce that it has completed the asset acquisition of Tacoma-based medical clinic owned by Dr. Jackson (“JMC”) in University Place, Washington. The acquisition of JMC expands the Company’s bricks and mortar and telemedicine services to 15 States. JMC has been operating in Washington for over 20 years and has a growing patient base of over 10,000 from its operations. Services to patients include primary care and urgent care. Services provided by JMC are primarily reimbursed through insurance carriers including Medicare, Medicaid and other commercial payors.
Miami Beach Medical Group, a Gauge Capital-backed provider of at-risk primary care in Florida, is in late stage deal discussions, according to multiple people familiar with the matter. The company hopes to command a mid-teens multiple of Ebitda in a deal. The company and peers have performed well through covid-19 because of its capitated, risk-bearing model of reimbursement, while the growing senior population and Medicare Advantage has further propelled the category, sources told PE Hub. Private equity appetite for at-risk primary care groups has grown, with MBMG joined by other players like InTandem’s Cano that are also nearing a sale.
CloudMD, through its subsidiary, CloudMD Holdings Corporation (Delaware) Inc., has closed its previously announced acquisition of a majority interest in Benchmark Systems Inc. (“Benchmark”), a leading cloud-based provider of fully integrated solutions that automate healthcare workflow processes including revenue management, practice management and electronic records management. CloudMD also announces that it has closed the previously announced acquisition to acquire 100% of a U.S. based medical clinic serving chronic care patients as a part of its broader strategy for entering the U.S. market with its comprehensive suite of telehealth products.
After completing the necessary due diligence and operational preparations, IHA, the area’s leading multispecialty medical group, and Infinity Primary Care, PC, have finalized terms for the integration of Primary Care Internal Medicine and the Center for Family Care into IHA. “We are confident that the nearly 20,000 patients under the care of these two practices will be able to count on IHA to provide access to an extensive range of high-quality services,” states Mark LePage, MD, and CEO of IHA. “And as the Medical Group for Saint Joseph Mercy Health System, we are very excited to partner with Infinity Primary Care to extend our geographic reach into Livonia and western Wayne County as we further the mission of our integrated delivery system in partnership with our hospital partner, St Mary Mercy Livonia.”
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