Healthcare Services Acquisitions in 2022

Anne Arundel Dermatology Management announced new partnerships with North Atlanta Dermatology, SkinPath Solutions, and Dermatology Institute for Skin Cancer and Cosmetic Surgery, expanding its dermatology and dermatopathology footprint in Georgia. The affiliations extend the Anne Arundel Dermatology platform to roughly 150 locations and 300 providers across seven states. Anne Arundel Dermatology is a portfolio company of Ridgemont Equity Partners.

Vision Innovation Partners (VIP) announced it has partnered with and acquired Chesen Laser Eye Center in Reading, Pennsylvania. The deal represents VIP’s 24th add-on acquisition since 2017 and expands its Mid-Atlantic network of ophthalmology practices. Chesen’s physicians, including founder Dr. Neil Chesen and Dr. Dianna Cho, will remain with the business to support continued growth.

Pinnacle Treatment Centers acquired MBA Wellness Center, a privately owned outpatient opioid addiction treatment program based in Stockbridge, Georgia. The acquired clinic will be rebranded under Pinnacle’s HealthQwest name, expanding Pinnacle’s addiction treatment footprint in Georgia.

Meduit, a healthcare revenue cycle solutions company, announced that JP Recovery Services (JPRS) has joined the Meduit organization through a merger. The combined company will expand revenue cycle management capabilities for hospitals, physician groups, and private practices across the United States, with JPRS founders John Beirne and John Murray transitioning into consulting roles.

Rendr and Excelsior Integrated Medical Group agreed to merge to create a larger integrated, multi-specialty medical group in New York City operating under the Rendr name. The combined enterprise is backed by healthcare-focused private equity firms Ascend Capital Partners and Kain Capital and will expand value-based, culturally aligned care for NYC’s underserved Asian American community.

Rural Healthcare Group (RHG), backed by Kinderhook Industries, acquired four primary care clinics in Northern Middle Tennessee to expand access to care in Robertson and Cheatham Counties. The clinics are located in Pleasant View, Springfield, Greenbrier, and White House, and RHG plans to invest in technology adoption, service expansion, and improved clinical practices.

Lee Equity Partners acquired a majority ownership interest in Bradford Health Services, a substance use disorder treatment provider based in Birmingham, Alabama. The company was acquired from Centre Partners and certain other investors, with Centre Partners retaining an ongoing equity stake; financial terms were not disclosed.

Wakefield & Associates acquired the debt collection business of Choice Recovery, Inc., an Ohio-based collections provider. The deal expands Wakefield’s geographic footprint in the Great Lakes region and strengthens its healthcare revenue cycle management and financial services capabilities. Choice Recovery will add more than 90 employees and expand Wakefield’s operations.

Funds advised by Lee Equity Partners and Coastwood Senior Housing Partners signed an agreement to invest in Discovery Senior Living in a strategic recapitalization. The investment is intended to support Discovery’s continued national expansion and operational platform enhancements, with the transaction expected to close in Q4 2022 subject to customary approvals.

iuvo BioScience, a specialty contract research organization (CRO) headquartered in Rochester, New York, signed a definitive agreement to be acquired by private equity firm Ampersand Capital Partners. Ampersand’s investment will support expansion of iuvo’s integrated service offerings and laboratory capacity and fund an inorganic growth strategy, with founders Ben Burton and Mary Richardson continuing in leadership roles and remaining shareholders.

Prescott's, Inc., a portfolio company of Atlantic Street Capital, acquired Preventive Maintenance Medical, Inc. (PMM) to expand into medical and laboratory sterilizer and washer service and support. PMM, founded in 1997 and based in Mount Vernon, Ohio, provides preventative maintenance, service, installations, refurbishments, and parts/equipment sales for sterilizers and washers with national field technician coverage.

McKesson Corporation signed a definitive agreement to acquire Rx Savings Solutions (RxSS), a prescription price transparency and benefit insight company serving health plans and employers. The deal is valued at up to $875 million, consisting of $600 million upfront and up to $275 million contingent on RxSS performance through 2025, and is expected to close in the second half of McKesson’s Fiscal 2023 pending customary approvals. After closing, RxSS will become part of McKesson’s Prescription Technology Solutions business to expand patient access, affordability, and adherence offerings.

EVAL Home Health Solutions, LLC, a holding company formed by Housatonic Partners in partnership with CEO Steve Goodman, acquired and merged Auracal Senior Home Care and Schwartz Family Home Care. The two businesses are home health nurse registries in South Florida and will operate under EVAL Home Health Solutions. Financial terms were not disclosed.

Compass Group announced a strategic partnership and investment in Mays & Schnapp Neurospine and Pain, a Memphis-based interventional pain management practice serving patients in Tennessee and Mississippi. The partnership is intended to accelerate Mays & Schnapp’s growth and form the foundation of a broader interventional pain management platform in the Mid-South, including future add-on acquisitions of physician practices.

AdaptHealth (NASDAQ: AHCO) acquired Spiro Health Services (Spiro), a respiratory-focused post-acute home medical equipment and supplies provider, expanding AdaptHealth’s footprint in New England. Spiro was previously a portfolio company of Upstream Capital, alongside investment partner NewSpring Capital, who sold the business as an exit investment.

The Riverside Company has invested in Assisted Living Locators, a franchisor of senior living advisory and placement services. The transaction is an add-on to Riverside’s existing platform investment, Executive Home Care, expanding the platform into senior living advisory and placement services alongside its in-home non-medical care offering.

ESO, a data and software company serving EMS, fire departments, hospitals, and government agencies, acquired Occam Technologies. Occam provides an Enterprise Master Patient Index (EMPI) solution focused on patient identity automation and record matching, which ESO plans to incorporate into the ESO Suite to improve clinical data integration and interoperability across the patient journey.

Calibre Scientific acquired Achrom, a Belgium-based distributor of chromatography consumables, equipment, and accessories serving the Benelux region. The deal marks Calibre Scientific’s first acquisition in Benelux and expands its European coverage and chromatography product portfolio.

Kain Capital LLC completed a growth equity investment in MY DR NOW, a provider of integrated primary and specialty care with 13 locations in Arizona. The transaction represents MY DR NOW’s first external capital, with Kain Capital as the sole investor; financial terms were not disclosed.

Revelstoke Capital Partners, a Denver-based private equity firm, has acquired Monte Nido & Affiliates, a provider of eating disorder treatment services. Monte Nido operates five brands and more than 45 facilities across 15 states, delivering care across inpatient through outpatient settings. Financial terms were not disclosed.

Avesi Partners made a growth investment in Point Quest, LLC, a provider of adolescent behavioral health and special education services serving K-12 school districts. Point Quest, headquartered in Sacramento, California, will use the investment to expand service offerings and increase its geographic reach in partnership with cofounders Ronda and Greg Jaggers and the management team.

ProPharma Group (PPG) announced the acquisition of OneSource Regulatory (OSR) and OneSource Regulatory Technology (OSR-T) to expand its regulatory, medical, marketing operations, and compliance consulting and technology capabilities for life sciences clients. OSR is headquartered in McKinney, Texas and provides pre- and post-approval regulatory and commercialization support services across the product lifecycle. ProPharma Group has been backed by Odyssey Investment Partners since October 2020.

Recuro Health, a virtual health solutions company, announced the acquisition of Competitive Health (CHI), an integrated digital health solutions provider serving employers and other healthcare payer groups. The deal expands Recuro’s Digital Medical Home by adding integrated benefits and broadening its portfolio of digital health programs and market reach.

Prescott's, Inc., a portfolio company of Atlantic Street Capital, acquired Heartland Medical Sales & Service to expand into anesthesia specialty service and support. Heartland, founded in 1998 and headquartered in Louisville, Kentucky, provides service, repair, refurbishment, and sales of anesthesia machines and related equipment.

Aligned Orthopedic Partners (a portfolio company of Atlantic Street Capital) announced a strategic partnership with the Jordan-Young Institute, a specialized orthopedic practice based in Virginia Beach, Virginia. The transaction expands Aligned Ortho’s Mid-Atlantic footprint and adds neurosurgery, spine, and physiatry capabilities, with Jordan-Young serving as the Virginia Beach/Norfolk platform practice going forward.

Pace Life Sciences, LLC acquired Meridian BioGroup, a Maryland-based validation, regulatory, and compliance contract service provider serving biotechnology and pharmaceutical clients. The deal expands Pace Life Sciences’ capabilities in regulatory affairs, quality systems, auditing, and validation services in FDA-regulated environments. Pace Life Sciences is a subsidiary of Pace Science and Technology Company and is backed by Aurora Capital Partners and Leonard Green & Partners.

ARC Health, a Thurston Group portfolio company, announced the acquisition of Southeast Psych, a mental health provider group with locations in Charlotte, North Carolina and Nashville, Tennessee. The transaction adds Southeast Psych’s psychiatry/psychology/therapy services and three-site footprint to ARC Health’s growing national network of mental health specialty practices.

H2 Health, a multi-state comprehensive rehabilitation provider, acquired Fort Worth Physical Therapy (FWPT); financial terms were not disclosed. Founded in 2008, FWPT provides physical and occupational therapy services (including certified hand therapy and an amputee program) and operates two locations plus three management partnerships in the Fort Worth region. Following the acquisition, H2 Health plans to expand its footprint in Texas with additional FWPT locations under development.

ScanSTAT Technologies, a provider of health information management (HIM) solutions, has acquired ResolveROI, a release of information (ROI) service and technology provider headquartered in Savannah, Georgia. The deal expands ScanSTAT’s HIM and HIPAA-compliant ROI capabilities and resources for healthcare clients across the United States.

An affiliate of Veritas Capital completed the combination of revenue cycle management (RCM) providers Coronis Health and MiraMed Global Services to form a larger, multi-specialty, technology-enabled RCM platform serving healthcare providers across the United States. Veritas acquired Coronis Health from 424 Capital and other minority shareholders and acquired MiraMed from the Mira family, which will retain an ownership stake in the combined company.

Linden Capital Partners completed its acquisition of Aspirion, a technology-enabled healthcare revenue cycle management (RCM) services provider, from Aquiline Capital Partners. Varsity Healthcare Partners joined the ownership group as a minority shareholder to support Aspirion’s continued growth and technology development.

Sentinel Capital Partners announced it has acquired Bandon Holdings, the largest franchisee in the Anytime Fitness system. Bandon is headquartered in Austin, Texas and operates 213 Anytime Fitness clubs across 24 states, serving more than 140,000 members. Financial terms of the transaction were not disclosed.

Athletico Physical Therapy acquired Crossroads Rehabilitation and Action Physical Therapy and Rehabilitation to expand its footprint in Mississippi and Oklahoma. The acquisitions add Crossroads’ nine clinics in Northeast Mississippi and Action’s five locations in Central Oklahoma, supporting Athletico’s growth strategy to serve more patients in those regions.

Vālenz Health acquired Medical Cost Management Corporation (d.b.a. MCM Solutions for Better Health) and its subsidiary Med-Care Management, Inc. The deal expands Vālenz Health’s care management and population health capabilities for self-funded plans, including labor, public entities, and commercial customers.

Pediatric Home Service (PHS), an InTandem Capital Partners portfolio company, acquired/partnered with Craig HomeCare and Cherub Medical Supply to expand its pediatric home care footprint into Kansas, Missouri, and Nebraska. Craig HomeCare adds pediatric in-home nursing capabilities, while Cherub Medical Supply adds respiratory therapy and durable medical equipment offerings, creating a more unified service model for medically complex pediatric patients.

Versant Diagnostics announced the acquisitions of Pathology Consultants of Chicago and the assets and operations of Elgin Laboratory Physicians, Ltd., expanding its footprint in the greater Chicago market. The deals are intended to broaden Versant’s network of subspecialty pathologists and support digital pathology investments across acquired practices.

Novum Orthopedic Partners made a strategic investment in North Texas Orthopedics & Spine Center (NTO), an orthopedic and spine practice in the Dallas–Fort Worth area. The partnership expands Novum’s physician practice management platform in Texas and is backed by capital support from A&M Capital Partners.

QHP Capital, the management company for NovaQuest Private Equity, announced its acquisition of Lexitas Pharma Services. Lexitas is a full-service ophthalmology-focused contract research organization supporting biopharmaceutical and medical device clinical trials, and QHP will provide strategic financial sponsorship to support continued growth and expanded capabilities.

Akeso Occupational Health acquired WorkPartners Occupational Health Specialists, an occupational health provider with four clinic locations across San Diego County, California. The deal expands Akeso’s statewide network of independent occupational health clinics and represents the company’s eighth major transaction, bringing its total network to 13 clinics. WorkPartners founder and CEO Dr. Gene Ma will join Akeso’s executive team as Chief Medical Officer.

Headlands Research acquired Peninsula Research Associates (PRA), a clinical research site in Rolling Hills, California, to expand its integrated network of clinical trial sites. The deal strengthens Headlands’ capabilities in allergy, asthma, pediatrics, and vaccine studies, and expands its site footprint in Southern California. Terms of the transaction were not disclosed.

Advanced Dermatology and Cosmetic Surgery announced the acquisition of Esterson Dermatology, a dermatology practice located in Pikesville, Maryland. Led by Dr. Faith Esterson, the practice becomes Advanced Dermatology’s 160th location as it expands its presence in the greater Baltimore area.

Sheridan Capital Partners made an investment in RS&A, LLC (RSA), a North Carolina-based independent service provider for radiotherapy medical equipment. RSA’s founding team invested alongside Sheridan, retained a meaningful ownership stake, and will remain active in the company’s operations. Financial terms were not disclosed.

ScanSTAT Technologies, a provider of health information management solutions, announced the acquisition of Star-Med, LLC, a release of information (ROI) service provider based in Wilmington, Delaware. The deal expands ScanSTAT’s ROI capabilities, technology resources, and geographic presence while supporting HIPAA-compliant processing of health information requests across the United States.

Upstream Rehabilitation partnered with and acquired Crescent Physical Therapy effective June 17, adding Crescent’s outpatient physical therapy clinics in Orangeburg and Barnwell, South Carolina. Founders Chris and Kelli Kilgus selected Upstream to support continued expansion of Crescent’s footprint across rural and underserved communities in South Carolina.

TELUS Corporation entered into a binding arrangement agreement to acquire all issued and outstanding common shares of LifeWorks Inc. in a cash-and-stock transaction. LifeWorks shareholders may elect cash, TELUS shares, or a combination (subject to proration), valuing the deal at approximately C$2.9 billion including net debt. The acquisition is intended to combine LifeWorks with TELUS Health to create a global, employer-focused digital-first healthcare and wellbeing platform.

CenExel acquired Apex Innovative Sciences, the parent company of Collaborative Neuroscience Research (CNS) and Hassman Research Institute (HRI). The acquired businesses will be renamed CenExel CNS and CenExel HRI and add five CNS-focused clinical research sites across California and New Jersey to CenExel’s clinical research site network.

EmeritusDX announced it has acquired Freedom Pathology Partners to expand its national cancer diagnostics footprint and anatomic pathology, FISH, and molecular testing capabilities. Freedom Pathology Partners is a CAP- and CLIA-accredited laboratory located in Conshohocken, Pennsylvania, and the deal has already closed with integration underway.

Private equity funds managed by Blackstone and Canada Pension Plan Investment Board (CPP Investments) signed a definitive agreement to make a majority investment in Advarra. Existing shareholders Genstar Capital and Linden Capital Partners, along with Advarra management, will retain significant equity stakes. Advarra, headquartered in Columbia, Maryland, provides regulatory/compliance services and clinical trial technology solutions for life sciences research.

Camp Gladiator (CG) announced it will expand into nutrition coaching through the acquisitions of T3 Optimization and Facts Over Fads. The deals will form a new CG Nutrition program planned for launch in Fall 2022, with the acquired businesses’ owners joining CG in leadership roles to build out nutrition services on CG’s fitness platform.

Physical Rehabilitation Network (PRN) acquired Gillette Physical Therapy (GPT), expanding PRN’s outpatient physical therapy clinic footprint into Wyoming. Gillette Physical Therapy operates an outpatient clinic in Gillette and provides orthopedic manual PT, surgical rehab, sports recovery, occupational/hand therapy, and vestibular rehabilitation services. PRN is a portfolio company of Gryphon Investors.

Levine Leichtman Capital Partners (LLCP) has sold its portfolio company Hand & Stone Massage and Facial Spa to funds managed by Harvest Partners, LP. Hand & Stone is a franchisor and operator of massage and facial spas, with nearly 550 locations across the U.S. and Canada. Financial terms were not disclosed.

The Kensington Private Equity Fund (Kensington) acquired Resolute Health Corporation Limited, a Canadian healthcare services provider focused on testing and treatment for obstructive sleep apnea. Resolute will partner with Kensington to expand its geographic reach and continue scaling its network of sleep therapy clinics across Canada.

St. Croix Hospice acquired Lexington Hospice Care in Lombard, Illinois, expanding its hospice services in the Chicago metropolitan area. The acquisition creates St. Croix Hospice’s third branch location in Illinois, building on its existing presence in Rockford and Des Plaines.

Excelin Health, a portfolio company of Corinthian Equity Fund II, L.P., acquired On My Care, a Fremont, California-based home healthcare agency. The deal expands Excelin’s home health footprint in the San Francisco Bay Area and represents Excelin’s third acquisition in the prior seven months.

TridentCare, a national provider of portable diagnostic services, acquired Midwest X-Ray to expand its presence in key markets including Kentucky, Illinois, and Indiana. Midwest X-Ray provides mobile imaging and cardiology services such as X-ray, ultrasound/doppler, echocardiography, and monitoring services.

The Stepping Stones Group acquired HM Therapy, a therapeutic and behavioral services company. The deal expands Stepping Stones’ presence in the San Diego area and adds HM Therapy’s related and early intervention services. HM Therapy’s founder Kyle Heebner and Alice Heebner will remain with the business in leadership roles.

Professional Physical Therapy acquired Somerset Family PT, a private orthopedic outpatient physical therapy clinic in Somerset, New Jersey. The deal expands Professional Physical Therapy’s footprint in New Jersey to more than 60 locations and further increases its overall Northeast presence.

Enhanced Healthcare Partners (EHP) announced a strategic investment in Howard J. Chudler & Associates (HCA), a provider of Applied Behavior Analysis (ABA) behavioral therapy services for individuals with autism and other developmental disabilities. EHP plans to support HCA’s growth by strengthening infrastructure, expanding therapist education and training, and broadening service reach into new markets, including urgent response services.

Central Medical Supply Group (CMSG), a portfolio company of Osceola Capital, acquired three hospice and homecare equipment management businesses: Helping Hands Medical Equipment, the hospice assets of Consolidated Medical Surgical Supply, and PPD Homecare Inc. The acquisitions expand CMSG’s geographic footprint across Pennsylvania, upstate New York/Connecticut, and New Jersey while strengthening its hospice equipment management and respiratory equipment/services offerings.

U.S. Orthopaedic Partners (USOP) announced the acquisition of SportsMED Orthopedic Surgery & Spine Center, an orthopaedic and spine care practice based in Huntsville, Alabama. The deal expands USOP’s network of private orthopaedic practices in the Southeastern United States and adds SportsMED’s four locations and physician team to the platform.

CellCarta acquired the commercial rights to antibody panels and next-generation immuno-MRM multiplex assays from Precision Assays to expand its proteomics services offering. The transaction strengthens CellCarta’s off-the-shelf multiplex protein quantification capabilities for immuno-oncology clinical and pre-clinical studies and supports its broader precision medicine growth strategy.

Sedgwick acquired Orchid Medical, a nationwide provider of ancillary medical management solutions for the workers' compensation industry. The deal expands Sedgwick’s ancillary care network across the U.S., enhancing services such as durable medical equipment, transportation, translation, home health and diagnostic imaging.

National Medical Billing Services, a healthcare revenue cycle management (RCM) provider focused on the surgical market, has acquired Medi-Corp, Inc., an RCM services provider specializing in anesthesia, ambulatory surgery centers (ASCs), and pain management. The acquisition expands National Medical’s surgical-market capabilities and represents its third transaction since partnering with Aquiline Capital Partners in January 2021.

Piedmont Urgent Care by WellStreet acquired urgent care management company SmartCare Medical Group and its family of brands, adding 10 locations in the metro Atlanta area. The acquired locations, including Eastside Urgent Care, Cartersville Urgent Care, and Redmond Urgent Care, will be rebranded as Piedmont Urgent Care. The deal expands Piedmont Urgent Care by WellStreet’s footprint across multiple Georgia communities and into new territories such as Rome and Cartersville.

Angeles Equity Partners, LLC made an undisclosed investment and capital commitment in Agile Occupational Medicine, a California-based owner and operator of occupational healthcare clinics. The funding is expected to accelerate Agile’s expansion, including acquiring additional clinics and building out strategic locations.

Atar Capital announced that its portfolio company, Pathways Health and Community Support, LLC (Pathways), has completed the acquisition of Psychological Assessment & Intervention Services, Inc. (PAIS). The deal expands Pathways’ footprint into West Virginia and adds PAIS’s home and community-based services, case management, and psychological assessment and therapy capabilities; financial terms were not disclosed.

Med-Metrix, a technology-enabled revenue cycle management (RCM) solutions provider backed by A&M Capital Partners, acquired PatientPal, Inc. PatientPal provides patient engagement and front-end RCM software (e.g., scheduling, eligibility verification, prior authorization and payments) that will enhance Med-Metrix’s intake technology and automation capabilities. Financial terms were not disclosed.

3 Rivers Capital sold all of its equity in Amazing Care Home Health Services to Bow River Capital, marking a successful exit for the Pittsburgh-based private equity firm. Amazing Care, headquartered in Aurora, Colorado, provides pediatric and adult home health services including private duty nursing, skilled nursing, therapy, and CNA services; founder Art Lowry and the leadership team retained a meaningful ownership stake and will continue to lead the company.

ICV Partners, LLC acquired Urgent Care Group (UCG) and combined it with its portfolio company Total Access Urgent Care (TAUC). The combined organization will operate more than 50 urgent care clinics across four states under multiple regional brands, with UCG founder David Maloney serving as CEO of the combined company.

EMSAR acquired Edge Biomedical, LLC, an asset management, compliance, and biomedical services provider serving healthcare organizations. The deal expands EMSAR’s national maintenance and repair platform by adding Edge’s field service capabilities and its eBioTrack asset management software. Gauge Capital, EMSAR’s investor, highlighted the acquisition as part of EMSAR’s ongoing organic and M&A growth strategy.

Physical Rehabilitation Network (PRN) acquired Kinetix Advanced Physical Therapy (Kinetix APT), an outpatient orthopedic physical therapy practice operating two clinics in Valencia and Lancaster, California. The acquisition expands PRN’s presence in California and brings its statewide footprint to 62 clinics. PRN is a portfolio company of private equity firm Gryphon Investors.

Emergency Care Partners (ECP) announced the completion of a strategic merger with Arizona Emergency Medicine Specialists (AEMS), expanding ECP’s emergency department management presence into the Southwestern United States. As part of the transaction, AEMS’s physician partners will join ECP as shareholders, and the combined platform will support emergency department operations across 43 locations.

Infusion Associates (IA) completed the acquisition of Okemos Infusion Center, expanding its outpatient infusion therapy footprint to a sixth location in Michigan. The acquired center, previously a division of Okemos Allergy Center, P.C., will be rebranded as Infusion Associates, and IA also announced it will open an additional nearby infusion center in East Lansing.

Olympus Partners has acquired Excel Fitness Holdings, LLC, a Planet Fitness franchisee operating over 90 fitness club locations across multiple U.S. markets. Excel Fitness is headquartered in Austin, Texas and the partnership is intended to support continued expansion, with plans to exceed 100 locations by the end of 2022.

Symeres, a European drug discovery CRO/CDMO majority-owned by Keensight Capital, has acquired Organix Inc., a US-based organic chemistry services provider focused on lipids. The acquisition expands Symeres’ drug discovery offering into the fast-growing lipids market and strengthens its foothold in the United States, particularly the Boston biopharma ecosystem.

Element Materials Technology (Element) has acquired Clinimark, a provider of clinical FDA validation testing of vital sign data for medical and home health devices and consumer wearables. Clinimark, headquartered in Louisville, Colorado, expands Element’s connected technologies and life sciences offering by adding specialized clinical testing and regulatory validation capabilities.

An affiliate of LifePoint Health will lead an investment in Specialist TeleMed (STeM), a multi-specialty telemedicine provider. The investment is intended to accelerate STeM’s growth, expand its footprint (including within the LifePoint network), and improve access to critical healthcare services. STeM’s existing leadership team will continue to lead the company following the expected closing in the coming months.

THREAD acquired CureClick to enhance its decentralized clinical trials (DCT) platform with CureClick’s crowdsourcing technology for clinical trial awareness and participation. The combination is intended to accelerate patient enrollment, improve diversity, and streamline the pathway from clinical trial education to enrollment within THREAD’s global DCT offering.

Genuine Health Group acquired Accountable Care Medical Group (ACMG), a Florida-based physician group operating Accountable Care Organizations (ACOs). The acquisition was funded as part of a $160 million capital infusion from Crestline Investors, which also funded Genuine Health’s prior acquisitions of Premier Care Associates and PreventiMed, expanding Genuine Health’s Medicare patient base and multi-state footprint.

Centre Partners has sold its portfolio company Vision Innovation Partners (VIP) to Gryphon Investors; financial terms were not disclosed. VIP, headquartered in Annapolis, Maryland, is an eye care services platform providing ophthalmology and optometry services across the Mid-Atlantic region.

Med-Metrix, LLC, a technology-enabled revenue cycle management (RCM) solutions provider backed by A&M Capital Partners, acquired ARMCO Partners, LLC. ARMCO adds coding and forensic medical billing capabilities, enhancing Med-Metrix’s end-to-end RCM software and services offering; financial terms were not disclosed.

Choice Health at Home, LLC acquired the Texas assets of Abiding Home Health, expanding Choice’s home health presence along the I-35 corridor from Dallas to San Antonio. The acquired agencies are expected to strengthen Choice’s home health service division and support further organic expansion across Central Texas.

Reaction Biology announced the closing of a significant growth investment from Cobepa to fund the company’s continued expansion and service line growth in drug discovery services. Concurrently, John H. Johnson was appointed CEO and a Board Director, succeeding former President and CEO Matthew Oristano. Golub Capital provided financing for the transaction.

North American Partners in Anesthesia (NAPA) completed the acquisition of Cumberland Anesthesia Associates, P.A. (CAA), an anesthesia services provider based in Fayetteville, North Carolina. The deal expands NAPA’s presence in North Carolina, supporting anesthesia services at Cape Fear Valley Medical Center and the affiliated Harnett Health System.

InTandem Capital Partners’ affiliated funds completed a majority recapitalization and combination of MPP Infusion Centers and ID Consultants, two providers of ambulatory infusion services. The transaction creates a newly established combined company and brand, Vivo Infusion, headquartered in Denver, Colorado. Financial terms were not disclosed.

Neighbourly Pharmacy Inc. entered into a definitive agreement to acquire all shares of the entity that owns and operates Rubicon Pharmacies, a 100-location network of community pharmacies in Western Canada, for $435 million in cash (subject to customary adjustments and ROFR-related exclusions). The deal is expected to close in Q2 2022 and will be financed through a combination of equity (including a public subscription receipt offering and a concurrent investment by Persistence Capital Partners) and credit facilities/cash on hand.

VSS Capital Partners sold its interest in Caravan Health, Inc. to Signify Health, Inc. to combine two leaders in the value-based payment and population health management market. During VSS’ four-year ownership period, Caravan expanded its reach significantly and more than doubled revenue, and the Caravan–Signify combination is expected to create one of the largest national networks of providers engaged in value-based payment models.

Omega Healthcare acquired Reventics, a Denver, Colorado-based provider of clinical documentation improvement (CDI) and revenue cycle management (RCM) solutions. The deal expands Omega Healthcare’s coding, CDI, and RCM capabilities by adding Reventics’ cloud-native platforms (RevCDI and RevMAX) and clinical resources. Financial terms were not disclosed.

Argosy Healthcare Partners (AHP), a healthcare-focused private equity firm, completed a recapitalization of Specialty Care Management (SCM). SCM provides healthcare cost containment and claims management services for self-insured health plans, and will partner with AHP to reinvest in team, technology, and growth initiatives.

Solaris Health Holdings announced that Advanced Urology Institute (AUI), a leading urology practice in Florida, has joined Solaris as an affiliate practice; financial terms were not disclosed. The affiliation expands Solaris Health’s national urological services platform and adds AUI’s provider base and patient volume across multiple Florida markets.

Office Practicum (OP), a pediatric-focused EHR and practice management solutions provider, acquired RemedyConnect and previously acquired NextStep Solutions to expand its offerings into a “whole child” digital healthcare platform. RemedyConnect adds telehealth, after-hours answering, and digital marketing/website services, while NextStep Solutions contributes a specialized behavioral health EHR to support integrated pediatric care.

Revelstoke Capital Partners made a significant growth investment in ClareMedica Health Partners, a provider of value-based primary care serving Medicare Advantage members in Florida. ClareMedica’s CEO and management team will continue to lead the business and retain significant ownership, and existing investor BPOC will also retain an equity stake. The partnership is intended to accelerate ClareMedica’s expansion of its BetterCare model into new Florida and neighboring markets.

Potomac Equity Partners, LLC acquired U.S. Mobile Health Exams (USMHE), a provider of mobile occupational health testing and on-site health screening services. USMHE supports commercial customers with OSHA- and DOT-related employee testing requirements and offers services such as physical exams, drug and alcohol testing, hearing conservation, and immunizations.

DermCare Management announced new partnerships with Stone Oak Dermatology, Irradiance Medical Group, Altman Dermatology, and Icecreamwala Dermatology. The affiliations expand DermCare’s dermatology platform across Florida, Texas, and California, bringing it to 46 locations and approximately 100 medical providers. DermCare Management is a portfolio company of Hildred Capital Management.

MRO Corporation announced the acquisition of MediCopy, a provider of release of information (ROI) solutions for physician practices and outpatient providers. The deal expands MRO’s clinical data acquisition and release capabilities and broadens its footprint across the healthcare continuum. MediCopy’s founder Elliott Noble-Holt and team will join MRO, which is supported by Parthenon Capital.

Athletico Physical Therapy completed its acquisition of Pivot Health Solutions, expanding its outpatient physical therapy, occupational health, and onsite corporate health services footprint across the Eastern United States. As part of the closing, Athletico appointed Chris Throckmorton as President and CEO of the combined company, while Athletico founder Mark Kaufman will continue as Executive Chairman.

424 Capital closed a majority investment in MedHQ, a provider of HR and financial management services for healthcare organizations. MedHQ will use the investment to support continued growth of its existing offerings and expand capabilities serving ambulatory surgery centers and physician practices.

OMERS Private Equity signed an agreement to sell its interest in Forefront Dermatology to Partners Group, acting on behalf of its clients. As part of the deal, OMERS, along with Forefront’s physicians and executive team, will reinvest in Forefront as minority owners. Forefront Dermatology is headquartered in Manitowoc, Wisconsin and operates more than 200 dermatology practices across the United States.

Red Nucleus (RN) acquired Medical Marketing Solutions Group (MMSG) to expand its Medical Communications service offering for life sciences clients. MMSG provides strategic medical affairs and commercialization services, including scientific communications and operational/event management for biopharmaceutical companies. The transaction closed in February 2022.

Bay State Physical Therapy announced a partnership with Rhode Island Rehab Physical Therapy, expanding Bay State’s outpatient physical therapy presence in Rhode Island. Following the transaction, Rhode Island Rehab Physical Therapy will operate under the Bay State Physical Therapy name.