Healthcare Services Add-on Acquisitions in 2023
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December 29, 2023
- Buyer
- ARC Health, Thurston Group
- Target
- Exult Healthcare
- Industry
- Healthcare Services
- Location
- Texas, United States
- Type
- Addon
ARC Health, a Thurston Group portfolio company, has acquired Exult Healthcare, a Texas-based mental health practice founded by Dr. Deepika Bhargava. The deal brings Exult's integrated behavioral health services — including MAT, TMS and IOP — into the ARC Health network to expand care access and enhance clinical capabilities in Texas.
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- Buyer
- Integrated Foot and Ankle Specialists (IFAS), Avonwood Capital Partners, Mereo Capital Partners
- Target
- Quarryville Family Foot Care
- Industry
- Healthcare Services
- Location
- Pennsylvania, United States
- Type
- Addon
Integrated Foot and Ankle Specialists (IFAS) acquired Quarryville Family Foot Care in Lancaster County, Pennsylvania, with the transaction closing on December 29, 2023. IFAS — a PE-backed joint venture between Avonwood Capital Partners and Mereo Capital Partners — completed its fifth add-on of 2023, bringing the platform to 16 locations and expanding its regional podiatry network.
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December 22, 2023
- Buyer
- 7NXT, Oakley Capital
- Target
- 7Mind
- Industry
- Healthcare Services
- Location
- Berlin, Germany
- Type
- Addon
Oakley Capital portfolio company 7NXT, which owns Gymondo, has acquired German mental wellbeing app 7Mind to create a combined digital platform for physical and mental fitness with more than 650,000 paying subscribers. The deal expands product capabilities (adding mindfulness and meditation content), diversifies the customer base into more B2B relationships (including health insurers and corporates), and creates scale for further international growth and M&A.
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December 19, 2023
- Buyer
- GREENPEAK Partners, PARATUS
- Target
- aycan
- Industry
- Healthcare Services
- Location
- Bavaria, Germany
- Type
- Addon
GREENPEAK Partners, through its holding group PARATUS, has acquired aycan, a medical imaging IT solutions provider headquartered in Wuerzburg, Germany. The deal brings aycan into the PARATUS group alongside IMAGE Information Systems to broaden the group's PACS and medical imaging solution portfolio and enable complementary Windows, Mac and Linux offerings.
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- Buyer
- HouseWorks Holdings, LLC, InTandem Capital Partners
- Target
- Elite Home Health Care
- Industry
- Healthcare Services
- Location
- New York, United States
- Type
- Addon
HouseWorks Holdings, backed by InTandem Capital Partners, has entered into definitive agreements to partner with Elite Home Health Care to expand HouseWorks' BetterCare at Home footprint into New York. Elite, led by Gershon Strasser who will remain as President of the New York region, delivers care to close to 4,000 clients across the New York metro and upstate regions; the transaction is subject to regulatory approval.
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December 18, 2023
- Buyer
- Avantik, Water Street Healthcare Partners
- Target
- CPBS Holdings, Marston Technical Services
- Industry
- Healthcare Services
- Location
- United States
- Type
- Addon
Avantik has expanded its national service network by bringing CPBS Holdings and Marston Technical Services (MTS) into its platform. The additions more than double Avantik's geographic footprint and increase its technicians, service hubs, and consumable inventory to better support anatomic pathology, histology and dermatology laboratories nationwide.
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December 15, 2023
- Buyer
- TREND Health Partners, Lone View Capital
- Target
- Advent Health Partners
- Industry
- Healthcare Services
- Location
- Tennessee, United States
- Type
- Addon
TREND Health Partners has acquired Advent Health Partners to integrate Advent’s AI-driven CAVO clinical review platform into TREND’s TRENDConnect payment accuracy and revenue integrity offering. The deal, supported by a follow-on investment from Lone View Capital, expands TREND’s capabilities to serve more payer and provider clients and scale clinical and non-clinical data analytics across the combined customer base.
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December 15, 2023
- Buyer
- Alliance for Multispecialty Research (AMR)
- Target
- Affinity Health
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Addon
Alliance for Multispecialty Research (AMR) has acquired Affinity Health, a clinical research services provider founded in 2015. The deal adds Affinity's sites and eight principal investigators to AMR's network, expanding AMR's geographic footprint (including Chicago and Nashville) and strengthening its clinical trial capabilities and patient diversity.
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December 15, 2023
- Buyer
- Flourish Research, NMS Capital
- Target
- Merritt Island Medical Research
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Addon
Flourish Research, a multi‑site clinical research platform backed by NMS Capital, has acquired Merritt Island Medical Research (MIMR) in Merritt Island, Florida. The deal is an add‑on to Flourish's platform (its tenth acquisition) and strengthens its neuroscience clinical research capabilities; MIMR's founders and leadership will remain with the site.
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December 14, 2023
- Buyer
- ARES Group, Brain Hospital, Highlander Partners
- Target
- Monza Hospital (cardiology activities)
- Seller
- Policlinico di Monza
- Industry
- Healthcare Services
- Location
- Bucharest, Romania
- Type
- Addon
ARES Group, a Highlander Partners portfolio company, has completed the acquisition of the cardiology activities of Monza Hospital in Bucharest from Policlinico di Monza and will operate the hospital's cardiovascular surgery and interventional cardiology departments. Concurrently, Brain Hospital will take over Monza's neurosurgery, ENT, orthopedics and other surgical departments, and the combined cardiology platform will operate under the newly formed MONZA-ARES Group to expand private cardiology services across Romania.
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December 11, 2023
- Buyer
- Prime Global Medical Communications Ltd, Levine Leichtman Capital Partners
- Target
- Aventine Consulting
- Industry
- Healthcare Services
- Location
- Massachusetts, United States
- Type
- Addon
Prime Global Medical Communications, a portfolio company of Levine Leichtman Capital Partners, has acquired Aventine Consulting, a U.S.-based market access and payer communications consultancy. The add-on purchase (terms undisclosed) expands Prime's U.S. evidence and access capabilities and establishes a local market access presence to better serve U.S.-based and global clients.
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- Buyer
- Grand Fitness Partners, HGGC
- Target
- Eight Planet Fitness locations (Central Valley, California)
- Seller
- PCV Holding Co. LLC
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Addon
Grand Fitness Partners, an HGGC-backed Planet Fitness franchisee, has acquired eight Planet Fitness locations in California's Central Valley from PCV Holding Co. LLC; the sellers rolled part of the proceeds into Grand Fitness and retain a minority stake. The acquisition expands Grand Fitness' California footprint (cities include Fresno, Modesto and Stockton) and is an add-on to support organic growth and new-club development.
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December 6, 2023
- Buyer
- Advanced Fertility Care, Pinnacle Fertility
- Target
- Reproductive Health Center
- Industry
- Healthcare Services
- Location
- Arizona, United States
- Type
- Addon
Advanced Fertility Care (a member of the Pinnacle Fertility network) announced the integration of Reproductive Health Center in Tucson, Arizona into its family of clinics. The clinic will continue operating at its current Tucson location under AFC leadership, with Dr. Scot Hutchison remaining as the managing REI physician to expand AFC/Pinnacle’s fertility services in Arizona.
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December 4, 2023
- Buyer
- Solaris Health Holdings, Lee Equity Partners
- Target
- Urologic Consultants
- Industry
- Healthcare Services
- Location
- Michigan, United States
- Type
- Addon
Solaris Health Holdings announced that Urologic Consultants of Grand Rapids, Michigan, has joined Solaris as an affiliate. The transaction—backed by Solaris financial partner Lee Equity Partners—adds 10 providers and expands Solaris’ urology platform presence in West Michigan; terms were not disclosed.
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December 4, 2023
- Buyer
- ARC Health, Thurston Group
- Target
- Advanced Psychiatric Group (APG Health)
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Addon
ARC Health, a Thurston Group portfolio company, has acquired Advanced Psychiatric Group (APG Health), the largest outpatient behavioral healthcare clinic in Central Florida that serves more than 20,000 patients. The deal, announced Dec. 4, 2023, was facilitated by Bayshore Growth Partners and is intended to expand ARC Health's provider network and strengthen APG Health's capabilities and reach across Central Florida.
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December 1, 2023
- Buyer
- Eye Health America
- Target
- Medical, Laser, & Surgical Care of Vision and Eye Diseases
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Addon
Eye Health America (EHA), a PE-backed integrated eyecare platform headquartered in Greenville, South Carolina, has partnered with Medical, Laser, & Surgical Care of Vision and Eye Diseases (MLSCVED) in Venice, Florida as its 23rd strategic partnership. The deal expands EHA’s footprint in the Venice/Sarasota region and brings the local ophthalmology practice additional operational and clinical support.
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December 1, 2023
- Buyer
- Ingenovis Health, Inc., Cornell Capital, Trilantic North America
- Target
- Corazon, Inc.
- Industry
- Healthcare Services
- Location
- Pennsylvania, United States
- Type
- Addon
Ingenovis Health, a technology-enabled healthcare workforce and physician services platform backed by Cornell Capital and Trilantic North America, has acquired Corazon, Inc., a Pittsburgh-based provider of program development, consulting and accreditation services for cardiovascular, neuroscience, orthopedic and surgical service lines. Corazon will continue to operate under its brand and will augment Ingenovis Health's Physician Services division (including VitalSolution and VISTA Staffing Solutions) by adding accredited program development, quality management and accreditation capabilities for hospitals, health systems and physician practices across the U.S. and Canada.
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- Buyer
- Cardiovascular Associates of America (CVAUSA), Webster Equity Partners
- Target
- Heart & Vascular Center of Arizona (HVCA)
- Seller
- Heart & Vascular Center of Arizona (HVCA)
- Industry
- Healthcare Services
- Location
- Arizona, United States
- Type
- Addon
Cardiovascular Associates of America (CVAUSA), a physician-led network backed by Webster Equity Partners, has acquired Heart & Vascular Center of Arizona (HVCA), an independent cardiovascular practice with multiple clinical locations in the Phoenix metropolitan area. B. Riley Securities served as sell-side M&A advisor to HVCA on the transaction.
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November 30, 2023
- Buyer
- Parallel ENT and Allergy
- Target
- Michigan ENT and Allergy Specialists
- Industry
- Healthcare Services
- Location
- Michigan, United States
- Type
- Addon
Parallel ENT and Allergy (backed by Trinity Hunt Partners) added Michigan ENT and Allergy Specialists as a supported practice. Parallel will provide non-clinical practice management services to help the ENT group focus on patient care while supporting growth across multiple locations.
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November 28, 2023
- Buyer
- Rezolut, LLC
- Target
- Southtowns Radiology
- Industry
- Healthcare Services
- Location
- New York, United States
- Type
- Addon
Rezolut, a national diagnostic medical imaging platform, entered into a partnership agreement to acquire Southtowns Radiology, a three-center outpatient radiology network headquartered in Hamburg, New York. The deal expands Rezolut’s outpatient imaging footprint in the Northeast to 19 centers and increases its national total to 43 locations, while allowing Southtowns’ private practice radiologists to continue providing interpretation services.
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- Buyer
- Unlock Health, Amulet Capital Partners, Athyrium Capital Management
- Target
- SPM Group (including SPM, GLC, Dreamscape, Centretek)
- Seller
- Corridor Capital
- Industry
- Healthcare Services
- Location
- United States
- Type
- Addon
Unlock Health, a healthcare technology and services growth platform backed by Amulet Capital Partners and Athyrium Capital Management, has acquired SPM Group — a network of health-focused agencies including SPM, GLC, Dreamscape and Centretek — from Corridor Capital. The deal (terms not disclosed) expands Unlock Health's in-house omnichannel media planning, buying, creative, analytics and managed care consulting capabilities and increases scale across healthcare provider, behavioral health and dental end markets.
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November 22, 2023
- Buyer
- ARC Health, Thurston Group
- Target
- Manhattan Psychology Group (MPG)
- Industry
- Healthcare Services
- Location
- New York, United States
- Type
- Addon
ARC Health, a Thurston Group portfolio company, has acquired Manhattan Psychology Group (MPG), a multi-location behavioral health practice serving the Greater New York City metro area. The add-on strengthens ARC Health's provider network and expands its clinical capabilities — notably combining mental health and Applied Behavior Analysis services — and was facilitated by Mertz Taggart.
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- Buyer
- Colibri Group, Gridiron Capital
- Target
- TRC Healthcare, Therapeutic Research Center (TRC)
- Seller
- Levine Leichtman Capital Partners, Levine Leichtman Capital Partners V, L.P.
- Industry
- Healthcare Services
- Location
- Colorado, United States
- Type
- Addon
Colibri Group, a Gridiron Capital-backed professional education platform, has acquired TRC Healthcare (Therapeutic Research Center) from Levine Leichtman Capital Partners. TRC is a market-leading provider of evidence-based continuing education, pharmacy products and clinical simulation serving over 1 million clinicians and 3,500+ hospitals; financial terms were not disclosed.
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- Buyer
- MBI Industrial Medicine, Inc., Clearview Capital Fund IV, L.P.
- Target
- Reliant Immediate Care Medical Group, Inc.
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Addon
Clearview Capital-backed MBI Industrial Medicine announced a partnership with Reliant Immediate Care Medical Group, a five-clinic occupational healthcare provider in the Greater Los Angeles area. Dr. Max Lebow will remain Medical Director and owner of Reliant as MBI expands its occupational medicine platform into Southern California.
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November 14, 2023
- Buyer
- Seven Lakes Group, LLC (affiliate)
- Target
- Dynamic Physical Therapy, LLC
- Seller
- Shareholders of Dynamic Physical Therapy, LLC
- Industry
- Healthcare Services
- Location
- Colorado, United States
- Type
- Addon
An affiliate of Seven Lakes Group, LLC acquired Dynamic Physical Therapy, LLC, a two-location outpatient physical therapy clinic based in Colorado Springs, Colorado. The transaction closed in August 2023; the sellers were the shareholders of Dynamic Physical Therapy and the acquisition expands Seven Lakes Group’s healthcare platform presence in the region.
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- Buyer
- Medical Specialists of the Palm Beaches (MSPB), Ascend Partners
- Target
- Tequesta Family Medical Center, LLC
- Seller
- Mark Corry, MD
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Addon
Medical Specialists of the Palm Beaches (MSPB) has acquired Tequesta Family Medical Center, LLC, a concierge medicine practice in Tequesta, Florida. The deal expands MSPB’s footprint in northern Palm Beach County and strengthens its concierge medicine capabilities under its PE-backed, multi-specialty physician platform.
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November 13, 2023
- Buyer
- Lifeway Mobility, Rockwood Equity Partners
- Target
- Gamburd, Stairbusters
- Seller
- Israel Gamburd, Regina Gamburd, Andrew McKowan Sr., Andrew McKowan Jr.
- Industry
- Healthcare Services
- Location
- United States
- Type
- Addon
Lifeway Mobility, a portfolio company of Rockwood Equity Partners, completed add-on acquisitions of Gamburd and Stairbusters to expand its scale and geographic reach in the home accessibility and safety market. The deals add California and Western Pennsylvania footprint and the founder teams will remain with Lifeway to support integration and continued operations.
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November 10, 2023
- Buyer
- Choice Health at Home LLC, Coltala Holdings, Trive Capital
- Target
- Lumicare Hospice
- Industry
- Healthcare Services
- Location
- Colorado, United States
- Type
- Addon
Choice Health at Home, a PE-backed home health and hospice operator, acquired Lumicare Hospice, expanding its hospice footprint in Texas and Arizona and establishing services in Colorado. Financial terms were not disclosed; Lumicare founder Kevin Peay will serve as president of operations for the Colorado location.
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November 9, 2023
- Buyer
- Urology America
- Target
- The Conrad Pearson Clinic
- Industry
- Healthcare Services
- Location
- Tennessee, United States
- Type
- Addon
Urology America, an Austin-based urology management services organization, announced a partnership with The Conrad Pearson Clinic, the leading urology practice in the Greater Memphis market. The Conrad Pearson group — which comprises ten urologists and four advanced practice providers across five clinic locations — will join Urology America's national platform to access operational resources and support aimed at enhancing patient care and growth in the Mid‑South.
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November 8, 2023
- Buyer
- Pediatric Home Service, InTandem Capital Partners
- Target
- Apple Homecare Medical Supply, Inc., All About Pediatrics
- Industry
- Healthcare Services
- Location
- United States
- Type
- Addon
Pediatric Home Service (PHS), an InTandem Capital Partners portfolio company, acquired Texas-based Apple Homecare Medical Supply and Florida-based All About Pediatrics to expand its Pediatric Center of Excellence. The transactions extend PHS’s pediatric home medical equipment, respiratory and enteral nutrition, and nursing/infusion capabilities into Texas and Florida, increasing its service footprint across the U.S.
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November 7, 2023
- Buyer
- Everest Clinical Research, Arlington Capital Partners
- Target
- August Research
- Industry
- Healthcare Services
- Location
- Sofia City Province, Bulgaria
- Type
- Addon
Everest Clinical Research, a portfolio company of Arlington Capital Partners, has acquired European contract research organization August Research. The deal expands Everest's European footprint and clinical trial (CTS) and pharmacovigilance (PV) capabilities across 14 countries; August's founders will remain with the business. Financial terms were not disclosed.
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November 7, 2023
- Buyer
- Empower Aesthetics, Shore Capital Partners
- Target
- BCRN Aesthetics
- Industry
- Healthcare Services
- Location
- Texas, United States
- Type
- Addon
Empower Aesthetics, an Austin-based national medical aesthetics platform backed by Shore Capital Partners, has acquired BCRN Aesthetics, a Houston medical aesthetics practice founded by Bri Collins. The deal expands Empower's presence into the Southwest United States and aims to support BCRN with operational and training resources to grow the practice.
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- Buyer
- Medical Specialists of the Palm Beaches (MSPB), Ascend Partners
- Target
- Colton and Kaminetsky, LLC
- Seller
- Dr. Brian Kaplan, Dr. Felice Levine, Dr. David Levey
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Addon
Medical Specialists of the Palm Beaches (MSPB), an Ascend Partners-backed multi‑specialty physician group, acquired Colton and Kaminetsky, LLC, a concierge medicine practice in Boca Raton, Florida that serves more than 1,500 patients. The deal expands MSPB's concierge medicine offering and extends its reach in the Boca Raton and Palm Beach markets.
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November 6, 2023
- Buyer
- Palm Medical Centers, MBF Healthcare Partners II, L.P.
- Target
- Amana Medical Center P.A.
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Addon
Palm Medical Centers, a portfolio company of MBF Healthcare Partners II, L.P., acquired Amana Medical Center P.A., a primary care practice in Oviedo, Florida. The clinic becomes Palm's 36th location overall and its sixth in the greater Orlando market, expanding Palm's value-based primary care footprint serving Medicare Advantage and managed Medicaid patients.
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November 3, 2023
- Buyer
- ARC Health, Thurston Group
- Target
- GROW Counseling
- Industry
- Healthcare Services
- Location
- Georgia, United States
- Type
- Addon
ARC Health, a portfolio company of Thurston Group, has acquired GROW Counseling and its GROW Counseling Network, expanding ARC Health’s mental health practice footprint across the Atlanta metro area and extending its employer-facing network across the United States and Canada. The deal was facilitated by healthcare M&A advisor Mertz Taggart and strengthens ARC Health’s provider network and employer mental-health capabilities.
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November 2, 2023
- Buyer
- First Stop Health
- Target
- SentryHealth
- Industry
- Healthcare Services
- Location
- Kentucky, United States
- Type
- Addon
First Stop Health, a Chicago-based virtual care provider backed by Sverica Capital Management, has acquired SentryHealth, an AI-driven employee health and wellbeing platform. The acquisition adds care management and advocacy capabilities to First Stop Health’s virtual primary, urgent and mental health services to better serve employer clients and their employees.
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November 2, 2023
- Buyer
- Knack Global, LKCM Headwater
- Target
- The Faculty Practice Service, Inc.
- Industry
- Healthcare Services
- Location
- New York, United States
- Type
- Addon
Knack Global, a Florida-based provider of end-to-end revenue cycle management (RCM) solutions, has acquired The Faculty Practice Service, Inc. (FPS), a medical billing and practice management firm based in Armonk, New York with offices in New York and Florida. The acquisition, completed with support from investment partner LKCM Headwater, expands Knack's geographic footprint, RCM capabilities and range of medical specialties served; Todd Bochenski has been appointed president of FPS.
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November 2, 2023
- Buyer
- Epic Staffing Group, The Pritzker Organization, L.L.C.
- Target
- SBG Healthcare (now Epic Physician Staffing), Chicago Telerad
- Seller
- SBG Healthcare founders / owners (led by Drew Seder), Chicago Telerad founder / owner (Dr. Faisal A. Sami, M.D.)
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Addon
Epic Staffing Group, a portfolio company of The Pritzker Organization, acquired SBG Healthcare (now Epic Physician Staffing) and Chicago Telerad to expand its specialty healthcare staffing and diagnostics & imaging capabilities. The deals add physician/advanced-practitioner placement and teleradiology services to Epic's Specialty Staffing offerings, broadening its service mix for hospitals, health systems and radiology groups.
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- Buyer
- Gentiva, Clayton, Dubilier & Rice (CD&R), Humana
- Target
- ProMedica Home Health, Palliative and Hospice business (Heartland Hospice / Heartland Home Health / Empatia Palliative Care)
- Seller
- ProMedica
- Industry
- Healthcare Services
- Location
- Ohio, United States
- Type
- Addon
Gentiva completed its acquisition of ProMedica’s home health, palliative, and hospice business after receiving required regulatory approvals. The deal brings more than 4,000 ProMedica associates into Gentiva, expanding Gentiva’s hospice, palliative and home-health footprint and rebranding many locations under Gentiva/Heartland brands.
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November 1, 2023
- Buyer
- Good Feet Holdings, LLC
- Target
- Stretch*d
- Industry
- Healthcare Services
- Location
- New York, United States
- Type
- Addon
Good Feet Holdings, LLC has acquired Stretch*d, a New York City–based provider of one-on-one assisted stretching and recovery services. The acquisition adds Stretch*d's recovery and performance services to Good Feet's portfolio of wellness brands and will see Stretch*d's co-founder Vanessa Chu join Good Feet as President of Stretch*d.
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November 1, 2023
- Buyer
- ExactCare, Nautic Partners
- Target
- Tabula Rasa HealthCare
- Seller
- Tabula Rasa HealthCare stockholders
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Type
- Addon
Nautic Partners acquired Tabula Rasa HealthCare for $10.50 per share (approximately $570 million enterprise value, including ~$262 million of net debt) and combined it with ExactCare, a Nautic portfolio company. The combined organization has been rebranded AnewHealth and will deliver integrated, technology-enabled pharmacy care management across the United States, serving more than 100,000 beneficiaries.
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October 30, 2023
- Buyer
- Avid Health at Home, Havencrest Capital Management
- Target
- Independence 4 Seniors
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Addon
Havencrest Capital Management’s Avid Health at Home platform has acquired Independence 4 Seniors (I4S), a Chicago-area non-medical home care provider serving DuPage and Western Cook counties. The tuck-in expands Avid’s footprint and density in the Chicagoland market as the platform continues add-on activity across the Midwest.
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October 30, 2023
- Buyer
- Wellcove by CHCS Services, Inc., TELEO Capital Management, LLC
- Target
- AssuriCare, LLC
- Industry
- Healthcare Services
- Location
- Massachusetts, United States
- Type
- Addon
Wellcove by CHCS Services, an existing portfolio company of TELEO Capital Management, has acquired AssuriCare, a Waltham, Massachusetts–based provider of electronic visit verification and nurse assessment software for the long-term care market. The add-on acquisition is intended to integrate AssuriCare’s EVV and assessment capabilities into Wellcove’s senior market administration platform to streamline claims processing and expand capabilities for payers, providers, and home care agencies.
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October 30, 2023
- Buyer
- American Health Staffing Group, Littlejohn & Co., LLC
- Target
- PediaStaff
- Industry
- Healthcare Services
- Location
- Oklahoma, United States
- Type
- Addon
American Health Staffing Group (AHSG), a Littlejohn & Co.-backed healthcare staffing platform, has acquired PediaStaff, a provider of pediatric therapy and educational staffing services. The add-on expands AHSG's specialized pediatric and K-12 staffing capabilities and broadens access to pediatric therapists and educational staff across AHSG's national footprint.
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October 27, 2023
- Buyer
- Forensic Access Group, Limerston Capital
- Target
- Forensic Testing Service (FTS)
- Industry
- Healthcare Services
- Location
- West Yorkshire, United Kingdom
- Type
- Addon
Forensic Access Group, a portfolio company of Limerston Capital, has acquired FTS (Forensic Testing Service), a West Yorkshire–based toxicology testing provider focused on family law and childcare proceedings. The transaction is the fifth bolt-on to Forensic Access’s platform and is intended to expand toxicology capacity, capabilities and diversify the group’s client base.
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- Buyer
- Kingsway Financial Services Inc.
- Target
- Digital Diagnostics Imaging, Inc.
- Seller
- Thomas Corney, Marissa Corney
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Type
- Addon
Kingsway Financial Services (NYSE: KFS) acquired Digital Diagnostics Imaging, Inc. (DDI), a New Jersey-based provider of outsourced cardiac monitoring telemetry services, for $11.0 million in an all-cash transaction funded with cash and debt. The acquisition, completed under Kingsway's Search Xcelerator platform, is immediately accretive and adds about $4.2 million of annual revenue and $1.8 million of annual adjusted EBITDA while bringing a capital-light, recurring-revenue capability into Kingsway's portfolio.
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October 25, 2023
- Buyer
- Velocity Clinical Research
- Target
- Impact Research Institute, Liver Institute Northwest (clinical trials unit)
- Industry
- Healthcare Services
- Location
- United States
- Type
- Addon
Velocity Clinical Research, a Durham, North Carolina–based integrated clinical site network, acquired Impact Research Institute (Waco, TX) and the clinical trials unit of Liver Institute Northwest (Seattle, WA). The deal expands Velocity's MASH/MASLD (metabolic dysfunction-associated steatohepatitis/steatotic liver disease) capabilities, adds two KOLs (Dr. Kris Kowdley and Dr. Nadege Gunn) and integrates two additional hepatology research sites into its global network.
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October 25, 2023
- Buyer
- Eden Capital, Phlebotomy Training Specialists (PTS)
- Target
- Positive Psychology
- Seller
- Hugo Alberts, Seph Fontane Pennock
- Industry
- Healthcare Services
- Location
- Limburg, Netherlands
- Type
- Addon
Eden Capital, through its phlebotomy training platform Phlebotomy Training Specialists (PTS), has acquired Positive Psychology, an online provider of accredited continuing education for therapists and mental health practitioners. The combined business will rebrand as Intelvio to create a broader healthcare training platform addressing allied health workforce shortages in the United States.
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October 24, 2023
- Buyer
- Physical Therapy Central, Confluent Health
- Target
- FirstCare Rehabilitation
- Industry
- Healthcare Services
- Location
- Oklahoma, United States
- Type
- Addon
Physical Therapy Central (PTC), a member of the Confluent Health family, has acquired FirstCare Rehabilitation, an outpatient physical therapy practice in Clinton, Oklahoma. The acquisition expands PTC’s Oklahoma footprint to 37 clinics and brings FirstCare’s clinical team access to Confluent Health’s management services, advanced education and musculoskeletal care resources.
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October 23, 2023
- Buyer
- RDi
- Target
- MedDX Solutions Limited, shuttlepac Ltd
- Industry
- Healthcare Services
- Location
- England, United Kingdom
- Type
- Addon
LDC-backed RDi has acquired diagnostic sample collection and transport packaging provider MedDX and biological sample packaging specialist Shuttlepac. The add-on purchases broaden RDi’s healthcare kitting and component capabilities, increase supply-chain control and position the business for planned expansion into the United States.
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