Forum Health, LLC, a nationwide network of integrative and functional medicine providers, has acquired four Dr. Quinn Weight Loss clinics in addition to Cratus Medical Vitality Institute, all led by Christopher Quinn D.O. in Michigan. In addition to this practice acquisition, Dr. Quinn will be welcomed as Forum Health’s Vice President of Weight Management Programs.
Roller Weight Loss and Advanced Surgery of Arkansas has become affiliated with New York Bariatric Group and New You Bariatric Group (together NYBG). NYBG and Roller Weight Loss and Advanced Surgery are part of the New You Bariatric Group family, an MSO that specializes in providing non-clinical support to bariatric practices. The affiliation expands the NYBG footprint into Northwest Arkansas and Oklahoma. Roller Weight Loss and Advanced Surgery features the only group of fellowship-trained bariatric and advanced laparoscopic surgeons in Arkansas and Oklahoma.
Thurston Group (“Thurston”), a private equity firm focused on investments in healthcare services companies, is pleased to announce that they have completed an investment in Options Medical Weight Loss (“Options”). Options is a premier medical weight loss group that provides customized weight loss programs, with guidance from board certified obesity medicine practitioners to patients throughout the country. Options Medical Weight Loss has rapidly expanded since inception and now operates twelve locations throughout Chicago, Ohio, Arizona, and Florida.
NYBG, the leading bariatric practice with offices throughout New York, New Jersey, and Connecticut, acquires Long Island Bariatrics, PLLC, an independent bariatric practice with a strong presence in eastern Long Island, NY. As Long Island Bariatric, PLLC joins NYBG, it will extend its service line to include the all-inclusive bariatric one-day clearance, which expedites a required workup towards weight loss surgery. This acquisition of a private practice for NYBG represents a step towards making bariatric weight loss accessible to patients, while still upholding quality care principles by which the group was founded.
Naveen Ballem, MD LLC, a New Jersey bariatric center for advanced surgical weight loss, is now affiliated with New York Bariatric Group (NYBG). NYBG, the leading bariatric practice in the country with offices throughout New York, New Jersey, and Connecticut, has affiliated with Naveen Ballem, MD LLC, an independent bariatric surgery practice. The arrangement expands the NYBG service locations in northern New Jersey with two additional offices. NYBG now has three locations in New Jersey in Glen Ridge, Clinton, and Wayne.
Obalon Therapeutics, Inc. (NASDAQ:OBLN), a vertically integrated weight loss solutions company commercializing the first and only FDA-approved swallowable, gas-filled intragastric balloon system for the treatment of obesity, announces that its Board of Directors has decided to explore potential financial and strategic alternatives intended to enhance stockholder value. The Company has engaged Canaccord Genuity LLC as its financial advisor. The overall uncertainty, the restriction on elective procedures and the specific directives issued by the Governor of California regarding Covid-19 has had an immediate impact on Obalon’s business.
Providence St. Joseph Health announced Wednesday it has acquired HMR (Health Management Resources), an established provider of clinically proven weight-loss programs, from Merck. The addition of a comprehensive weight management service to Providence’s suite of health services is the latest example of the non-profit health organization’s efforts to improve the health and well-being of patients and communities. According to HMR President Len Tacconi, HMR’s specialty is using behavior-change techniques to help patients who have significant weight to lose learn the lifestyle skills that matter most for better health and quality of life. A positive relationship between Providence and HMR has existed for several years. HMR operates clinics inside three Providence facilities, while Providence refers its caregivers to HMR for weight management support and care as part of its employee wellness program.
DuneGlass Capital, a growth-oriented investment firm focusing on partnering with entrepreneurs, today announced that it has partnered with Grand Health Partners, a leading provider of comprehensive medical and surgical weight loss solutions headquartered in Michigan. Terms of the partnership were not disclosed. “Grand Health Partners is a leader in the bariatric space, offering a comprehensive approach to weight loss through registered dietitians, exercise physiologists, and behavioral experts, in addition to scientifically proven medical and surgical interventions performed by board-certified bariatricians and surgeons,” said Dan Hosler, Managing Partner at DuneGlass Capital. “When we first met senior partners Drs. Baker and Kemmeter and saw GHP’s approach to comprehensive patient care, we knew right away we wanted to partner with them to facilitate and expand on their vision for growth.”
Noom, the world’s leading behavior change company, today announced it has received an investment from Serena Ventures to help fund the company’s continued growth. In addition to capital, Noom will have access to the firm’s expansive network and growing list of portfolio companies. Noom’s clinically-proven programs combine compassionate human coaches with modern technology and psychology to provide customized support, guidance, and motivation for each person’s weight loss journey. Noom has spent the last decade working with over 50 million users in order to perfect its proprietary behavior change programsÑall designed to drive meaningful health outcomes and lasting lifestyle changes that improve lives and lower healthcare costs.
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