ScionHealth Acquires Cornerstone Healthcare Group

Arthur J. Gallagher & Co. Acquires Cornerstone Commercial & Personal Insurance Services, Inc.

July 1, 2024

Insurance

Arthur J. Gallagher & Co. acquired Rancho Cucamonga, California–based Cornerstone Commercial & Personal Insurance Services, Inc.; terms were not disclosed. Cornerstone’s founders Phil and Allison Hakopian and their team will remain in place, joining Gallagher’s Southwest retail property/casualty brokerage under Scott Firestone to strengthen Gallagher’s homeowners association and regional commercial insurance capabilities.

Lifepoint Health Acquires Cornerstone Behavioral Health El Dorado

January 23, 2023

Healthcare Services

Lifepoint Health has acquired Cornerstone Behavioral Health El Dorado, a 54-bed inpatient behavioral health facility in Tucson, Arizona that employs roughly 100 people. Lifepoint said the facility will be integrated into its Lifepoint Behavioral Health platform and that it plans to invest in growth, adding nearly 50 beds to expand capacity and access to behavioral health services.

Aurora Health Acquires Cornerstone Treatment Facilities Network

December 19, 2022

Healthcare Services

Aurora Health has acquired Cornerstone Treatment Facilities Network, an inpatient addiction and rehabilitation provider with locations in Fresh Meadows and Rhinebeck, New York. Carl Marks Securities advised Cornerstone on the sale; financial terms were not disclosed and the seller included employee owners through an ESOP. The acquisition expands Aurora's portfolio of healthcare facilities and behavioral-health capabilities.

Bradford Health Services Acquires Cornerstone of Recovery

September 7, 2021

Healthcare Services

Bradford Health Services, a Birmingham-based addiction treatment provider backed by Centre Partners, has acquired Cornerstone of Recovery, a Tennessee-based substance use disorder treatment provider operating two Knoxville-area inpatient facilities. The acquisition expands Bradford's inpatient addiction treatment footprint into Tennessee and increases its continuum of care across the Southeast.

LifePoint Health Acquires Kindred Healthcare

June 21, 2021

Healthcare Services

LifePoint Health agreed to acquire Kindred Healthcare in June 2021 and completed the transaction in December 2021, combining LifePoint's community hospital network with Kindred's long-term acute care, rehabilitation and behavioral health capabilities. The deal created a new national system, ScionHealth, and LifePoint committed to invest roughly $1.5 billion over three years to expand services, technology and community-based care.

Pathstone Acquires Cornerstone Advisors Inc.

July 30, 2020

Wealth Management

Pathstone, a partner-owned multigenerational family office, has acquired Cornerstone Advisors Inc., a Bellevue, Washington-based wealth and lifestyle management firm. The combination adds Cornerstone's ~$4 billion AUM and ~65 employees to Pathstone, expanding capabilities, scale and partner ownership across the combined firm (roughly 200 employees across nine offices and ~$20 billion in advisory assets).