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August 7, 2020
VillageMD's Tim Barry: Keep Your Investors Close In Tough Times
VillageMD CEO Tim Barry talks about the importance of communicating with investors and keeping the door open to opportunity during the disruption....
By Adam Burroughs
July 15, 2020
Aatru Medical Closes Series C Round Financing
Aatru Medical Inc., a Cleveland-based medtech company, completed a Series C financing round for an undisclosed amount with private investors....
By Michael Marzec
July 15, 2020
Indago Raises More Capital
Indago, a Cleveland-based medical device startup, raised $670,000 of new funding in the form of convertible debt from undisclosed investors....
By Michael Marzec
June 4, 2020
BGL Advises Deal To Create EA-Synergy
Enhanced Healthcare Partners, a leading New York-based private equity firm specializing in middle-market healthcare businesses, facilitated the business merger of Synergy Surgicalists and EA Health Solutions through a joint recapitalization to form a new company, EA-Synergy....
By SBN Staff
May 29, 2020
Summa Health, Beaumont Health End Partnership Plans
The two organizations had been working over the last year to create a partnership, signed a definitive agreement in December 2019 and later received all necessary state and federal regulatory approvals....
By SBN Staff
May 18, 2020
Axuall, UH Collaborate To Streamline Clinical Workforce Deployment
Axuall and University Hospitals’ Ventures group began to work together in 2019 to identify opportunities to leverage blockchain and digital identity to fundamentally improve the way the health system attracts, verifies, and deploys clinical talent....
By SBN Staff
April 17, 2020
Daniel J. Hayes talks tempering expectations in life sciences capital raises
Tips from CLA's Dan Hayes on how life sciences founders can navigate some of the critical business steps that help them take their science to market....
By Adam Burroughs
April 6, 2020
Innovu raises venture funding
Innovu LLC recently raised $4.58 million in venture funding from undisclosed investors, PitchBook reports....
By Jayne Gest
April 2, 2020
Riverside-backed Red Nucleus Acquires Pyxa
Riverside Company-backed Red Nucleus Enterprises has acquired Malvern, Pa.-based Pyxa Solutions, a provider of cross-functional R&D services. Regulatory Affairs. Pyxa's principals retained a significant interest in the combined company....
By Michael Marzec
March 31, 2020
Olive Raises $51M to Accelerate Health Care AI Product
Columbus-based Olive said it closed a $51 million funding round led by General Catalyst that will fund acceleration of its development of an artificial intelligence bot that manages administrative tasks for hospitals....
By Michael Marzec
March 23, 2020
Resilience Capital Partners Announces JV With MicroShield
The deal is intended to help meet the increased demand for an EPA-registered, FDA-approved antimicrobial shield that kills 99.99 percent of pathogens and ensures that treated surfaces are protected with a self-disinfecting barrier for up to one year....
By Mark Scott
March 19, 2020
Cori Care, Absolute Care purchased by Caregiver Inc.
Caregiver Inc., a Fort Worth, Texas-based provider of long-term care services and supports to people with intellectual and developmental disabilities, has acquired four companies in Indiana, Ohio and Tennessee, including Cori Care and Absolute Care in Columbus....
By Jayne Gest
March 18, 2020
JumpStart leads $5.5M Series A investment in ReadySet
ReadySet Surgical, a Cincinnati health care IT company, has raised $5.5 million in a Series A financing round led by Cleveland-based JumpStart Inc.’s NEXT Fund. Also participating in the round are all of ReadySet’s seed-round investors and new investor North Coast Ventures....
By Jayne Gest
March 11, 2020
Nexus purchased by Medicus IT
Medicus IT, a health care-focused managed services provider based in Alpharetta, Georgia, has acquired Nexus Practice IT Services, a Columbus health care managed IT services provider....
By Jayne Gest
March 9, 2020
Invacare Completes Deal To Sell Dynamic Controls Subsidiary
As part of Invacare’s strategy to enhance its products, the transaction is expected to open the door to relationships which can provide access to technological innovations to further differentiate the company’s powered mobility products....
By Mark Scott
March 5, 2020
Lake Health Exploring Strategic Opportunities For Growth
The Lake Health board of trustees announced plans to launch a partnership exploration process and has engaged Chicago-based Kaufman Hall to work with trustees, medical staff and hospital leadership to evaluate opportunities....
By Mark Scott
March 4, 2020
Menorah Park, Montefiore Announce Affiliation Agreement
The affiliation was approved by both boards of directors on March 3 with plans for the affiliation to become effective June 30. The Montefiore name will remain on its facility on the campus....
By Mark Scott
March 3, 2020
NAS Recruitment Innovation Sold By Stone-Goff To M3 USA
In December 2011, Stone-Goff Partners acquired NAS from Interpublic Group....
By Mark Scott
March 3, 2020
PHOENIX to buy physical therapy firm
Cranberry Township, Pennsylvania-headquartered PHOENIX Rehabilitation & Health Services has agreed to acquire Colorado Athletic Conditioning Clinic, expanding the company’s geographic reach to Colorado....
By Jayne Gest
February 25, 2020
Hyland Completes Deal To Buy Streamline Health’s ECM Business
The deal bolsters Hyland's efforts to become the world's leading content services provider and is intended to further Hyland Healthcare's mission of helping health care organizations improve the lives of patients and enhance the experiences of health care consumers....
By Mark Scott
February 7, 2020
MedPilot Raises Additional $1.5M In Funding
Investors in this latest round include JumpStart, Jon Pinney, North Coast Angel Fund, Valley Growth Ventures, Wavemaker Partners and Hudson River Capital Partners....
By Mark Scott
February 3, 2020
UPMC closes Western Maryland Health System deal
Western Maryland Health System officially has become UPMC Western Maryland, merging into the UPMC hospital network. UPMC has committed to make certain capital investments to enhance services and upgrade facilities in the Western Maryland region....
By Jayne Gest
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
