Health Care - Smart Business Dealmakers
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January 15, 2020
Phoenix Rehab purchases Youngstown area clinics
Phoenix Rehabilitation and Health Services has acquired Youngstown-based TuDor Physical Therapy, which becomes the company’s first group of clinics in Ohio. This brings Phoenix’s total clinics to 117....
By Jayne Gest
January 14, 2020
UPMC Enterprises to invest $1B
UPMC Enterprises plans to deploy $1 billion to develop new drugs, diagnostics and devices by 2024. The investment group also has expanded its focus to include retinal and respiratory disease, autoimmune diseases, neuroinflammation and others....
By Jayne Gest
January 13, 2020
Pennsylvania Dermatology Partners acquires Boulevard Dermatology
Pennsylvania Dermatology Partners has added Boulevard Dermatology to its network, expanding its presence to 15 offices in the Greater Philadelphia region and Lehigh Valley....
By Adam Burroughs
January 10, 2020
Grove City Medical Center closes deal with Allegheny Health Network
Allegheny Health Network and Grove City Medical Center have finalized an affiliation agreement that brings GCMC into the family of hospitals affiliated with and operated by the Pittsburgh-based health system....
By Jayne Gest
January 9, 2020
Aver closes $27M Series C funding round
Aver, a Columbus company that bundles payment and value-based health care solutions, has closed a $27 million Series C capital round. This investment will allow Aver to scale operations and grow platform capabilities....
By Jayne Gest
January 8, 2020
Kaizen Health Completes Series B Funding Round
The investment is intended to support Kaizen Health's efforts to streamline the experience of ordering non-emergency, multi-modal medical transportation on behalf of patients, members, clinicians, staff and residents....
By Mark Scott
January 7, 2020
Medical Mutual Agrees To Buy Bravo
Bravo Founder and CEO Jim Pshock will continue to lead the company and its 170 employees....
By Mark Scott
January 6, 2020
Beaumont Health, Summa Health Sign Definitive Agreement
The two organizations signed a letter of intent in July and then began an extensive review of both organizations' clinical, regulatory and financial systems. Signing the definitive agreement is the next step in the process....
By Mark Scott
January 3, 2020
Paris Healthcare Linen Services to merge with NOVO Health Services
Tuckahoe Holdings Managing Partner Peter Farrell and Paris Cos. Owner, President and CEO David J. Stern have decided to merge their subsidiary companies, NOVO Health Services and Paris Healthcare Linen Services....
By Jayne Gest
January 3, 2020
Pinnacle Dermatology Buys Brighton Dermatology
The acquisition of Brighton Dermatology and its five providers is intended to further Pinnacle Dermatology’s commitment to serving the residents of the state of Michigan where it already operates 13 other dermatology clinic locations....
By Mark Scott
January 1, 2020
Phoenix Rehabilitation buys Physical Therapy etc.
Pittsburgh-headquartered PHOENIX Rehabilitation and Health Services has acquired Physical Therapy etc. in Chambersburg, Pennsylvania, which becomes the company’s 107th location....
By Jayne Gest
December 24, 2019
Chronic Care Management Raises Another $2.55M
The company previously raised $4.99 million in a Series A funding round from Chicago-based B.C. Ziegler & Co. and other unidentified investors....
By Michael Marzec
December 19, 2019
Ovid’s Matt Geiger: Focus On Finding Ways To Get The Deal Done
Matt Geiger has experience as both an entrepreneur and an investor. When he’s an entrepreneur, he’s learned the value of letting the investor be the smartest one in the room....
By Mark Scott
December 17, 2019
BPOC’s Troy Phillips: Wise Dealmakers Have A Plan Before Investing In Health Care
You don’t have to invest in every opportunity you see, says Beecken Petty O’Keefe’s Troy Phillips. Take time to find the right deal....
By Mark Scott
December 16, 2019
Enclara Healthcare to be acquired by Humana
The Enclara transaction, which includes acquisition of Enclara Pharmacia, GuidantRx and Avanti Health Care Services, is anticipated to close during the first half of 2020....
By Adam Burroughs
December 10, 2019
InSight Telepsychiatry, Regroup Telehealth merge
InSight Telepsychiatry and Regroup Telehealth have merged to become the largest telepsychiatry service provider in the US....
By Adam Burroughs
December 9, 2019
The Chartis Group Buys The Greeley Co.
Headquartered in the greater Boston area, Greeley’s clients range from the nation's largest health care systems and academic medical centers to remote critical access rural hospitals....
By Mark Scott
December 3, 2019
Philadelphia Home Care bought by CareFinders
Philadelphia Home Care Inc., a home care provider in the Philadelphia area, along with At Home Quality Care, a provider of personal home care services based in Clarks Summit, has been acquired by CareFinders, a home health care provider....
By Adam Burroughs
December 2, 2019
ISMIE Mutual Completes SEMPIC Merger
Under the terms of the merger, SEMPIC will continue to operate under the same name, but as a division of ISMIE Mutual....
By Mark Scott
November 25, 2019
AdaptHealth to acquire McKesson Corp.’s Patient Care Solutions business
AdaptHealth Corp. a home medical equipment provider, is set to acquire the Patient Care Solutions business from McKesson Corp....
By Adam Burroughs
November 19, 2019
ImageFIRST buys PureTex Solutions Holdings’ health care clients
King Of Prussia’s ImageFIRST is acquiring the health care clients of PureTex Solutions Holdings LLC, a textile rental and laundry services provider in Orlando....
By Adam Burroughs
November 19, 2019
Astarte Medical raises $3.5M
Astarte Medical has closed an additional $3.5 million in financing to support the commercialization and adoption of its NICUtrition Suite....
By Adam Burroughs
November 13, 2019
UPMC buys second hospital in Ireland
As part of its continued expansion of health care services in Ireland, UPMC has acquired Clane General Hospital in County Kildare, in partnership with the Institute of Eye Surgery, and is renaming the facility UPMC Kildare Hospital...
By Jayne Gest
November 12, 2019
BioEnterprise’s Aram Nerpouni: Talent Is Vital To Creating Deal Opportunities In Cleveland’s Health Care Sector
Cool ideas are great. Investors want to see the leadership and the team behind the idea before they invest, says the nonprofit's president and CEO....
By Mark Scott
November 11, 2019
Riverside Exits Censis Technologies
Franklin, Tennessee-based Censis provides SaaS-based surgical instrument tracking and workflow solutions for sterile processing departments of hospitals and ambulatory surgical centers....
By Mark Scott
November 7, 2019
Atkins Cos buys West Mifflin medical office building
Atkins Companies has acquired a 26,174-square-foot medical office building in West Mifflin. The outpatient facility is fully leased by Allegheny Health Network and bolsters the New Jersey firm's portfolio in the rapidly growing Pittsburgh metropolitan area....
By Jayne Gest
October 31, 2019
Dr. Ellen Stang unlocks growth with a little PE help
Progeny Health, founded by Dr. Ellen Stang, has been profitable and debt-free since the beginning. But when her business hit a wall about eight years in, some friendly advice helped her unlock the company's growth....
By Adam Burroughs
October 31, 2019
MRO Corp. gets investment from Parthenon Capital
As part of the transaction, Parthenon provided capital for growth purposes and acquired a meaningful ownership stake in the company....
By Adam Burroughs
October 31, 2019
GSI Health now part of Medecision
Philadelphia-based GSI Health, a SaaS provider of workflow, engagement and compliance solutions and related services, has been acquired by Medecision, an integrated health management solutions provider....
By Adam Burroughs
October 25, 2019
Neuros Medical Raises Another $2.39M
The Cleveland-based company, which is developing technology to treat chronic pain through neurostimulation, has raised more than $41 million....
By Michael Marzec
October 22, 2019
AVIA Raises $22M In New Funding Round
The health care innovation network has raised $22 million to expand its role as a partner for digital health insights, strategic guidance and consulting services....
By Mark Scott
October 21, 2019
Cleveland Clinic, American Well Partner On Digital Health Joint Venture
The Clinic expects to offer online access to expert care across a wide array of specialties without requiring individuals to leave their homes....
By Mark Scott
October 17, 2019
Accolade gets $20M from Humana
The strategic investment will allow the two organizations to tailor the Humana with Accolade solution for a broader base of fully-insured and ASO prospects and clients....
By Adam Burroughs
October 11, 2019
Brio Device Raises $500K In Series B Venture Funding
This funding follows a $1.25 million grant the company received in September from the National Institutes of Health in Bethesda, Maryland....
By Mark Scott
October 10, 2019
MEDNAX Agrees To Sell MedData Business To Frazier Healthcare Partners
The Brecksville-based MedData currently serves more than 10,000 physicians with a network of more than 3,000 facilities and 20 regional offices across the U.S....
By Mark Scott
October 7, 2019
RLDatix To Buy Quantros Patient Safety Business
Quantros is a provider of quality and patient safety software for health care, with more than 800 hospitals and health system customers across the U.S....
By Mark Scott
October 1, 2019
NOCD Raises $4M In Series A Round
One of the World Health Organization’s 10 most disabling conditions, OCD affects 2.5% of the population over the course of their lifetime, including 8.5 million people in the U.S....
By Mark Scott
September 26, 2019
How Ted Karkus sold Cold-EEZE for $50 million
ProPhase Labs CEO Ted Karkus shares the strategy behind the 2017 sale of Cold-EEZE to Mylan for $50 million....
By Adam Burroughs
September 26, 2019
GTCR, Golden State Capital Reach Recap Deal On Cole-Parmer
The deal is part of a recapitalization agreement in which GTCR will partner with Golden Gate Capital and the Cole-Parmer management team to grow the business through organic growth initiatives and continued strategic M&A....
By Mark Scott
September 24, 2019
RhinoSystems, maker of Navage, raises $10.4M
RhinoSystems, Inc, the Brooklyn-Heights-based company responsible for Navage, has raised $10.04 million in angel funding from undisclosed investors....
By Adam Burroughs
September 23, 2019
Drexel, Tower Health to acquire St. Christopher's Hospital for Children
Drexel and Tower Health will be equal partners in the ownership of St. Christopher’s Hospital, physician practices and graduate medical education program. Tower Health will take the lead operationally....
By Adam Burroughs
September 20, 2019
Hugh Cathey: Smart Fundraising Requires Monitoring Market
Serial entrepreneur Hugh Cathey, now on his ninth startup with genetic testing company ChromoCare, shares his best practices for raising capital....
By Jayne Gest
September 18, 2019
Indago Raises Another $1 Million
The company previously raised $4.5 million of venture funding in June and in 2018 raised $5.5 million from "40 physician champions."...
By Michael Marzec
September 13, 2019
VillageMD’s Tim Barry: Investors Want To Give You Money
The co-founder and CEO of the healthcare management services company talks about his strategy when raising capital and the importance of establishing an ongoing dialogue with potential investors....
By Mark Scott
September 12, 2019
TPA Stream's Jacob Sheridan: Find A Problem, Then Start A Business
Don’t try to start a business, advises TPA Stream CEO Jacob Sheridan. Try to find a big problem and come up with a creative way to solve it. That's your business....
By Mark Scott
September 12, 2019
Hometown Urgent Care purchases Springfield clinics
Hometown Urgent Care, Ohio’s largest urgent care and occupational health company, which is headquartered in Columbus, has acquired three clinics operated by Community Urgent Care in Springfield, Ohio. Hometown plans to consolidate its operations in Springfield into three clinics....
By Jayne Gest
September 10, 2019
Baxter International To Buy Cheetah Medical In $190M Deal
The transaction consists of an upfront cash consideration of $190 million, with potential for an additional $40 million based on clinical and commercial milestones....
By Mark Scott
September 9, 2019
Pareto Health complete recapitalization with Great Hill Partners
Pareto Health Inc., an employee benefit group captive manager, has completed a recapitalization with private equity firm Great Hill Partners....
By Adam Burroughs
September 9, 2019
AKSM raises capital
Columbus medical company AKSM Ltd. received $550,000 in development capital from undisclosed investors, for growth/expansion....
By Jayne Gest
September 8, 2019
AIRS Raising $1.5M In Series A Venture Funding
Previously, the Newaygo-based company was awarded a $333,333 prize from Three Lakes Partners in IPF Catalyst Challenge on Jan. 25, 2018....
By Mark Scott
