Healthcare Services Acquisitions in Arizona

Elevate Patient Financial Solutions (ElevatePFS) has completed a carve-out acquisition of the Health Systems Services division of Centauri Health Solutions. The deal — terms not disclosed — adds Centauri's Medicaid and disability eligibility/enrollment, out-of-state Medicaid billing, and other complex revenue cycle capabilities to ElevatePFS's revenue cycle management platform to better serve health system clients.

ACES, a San Diego-based provider of autism therapy services, has acquired Ally Pediatric Therapy, a Phoenix-based provider of ABA, speech-language, and occupational therapy, from SBJ Capital. The acquisition expands ACES's presence in the Greater Phoenix area and aims to increase access to evidence-based autism services while integrating Ally into ACES's center network.

Accordion, an AI- and data-powered financial consulting firm focused on private equity, has acquired Pinnacle Healthcare Advisors to expand its Revenue Cycle Management (RCM) capabilities. Approximately 20 Pinnacle professionals joined Accordion, and former Pinnacle principals Andrew Jacobsen and Todd Hakala have joined Accordion as managing directors to strengthen the firm's RCM Center of Excellence.

LifeCare Home Health Family has acquired Infinity Hospice Care, a family-owned hospice provider serving Nevada and Arizona. The deal expands LifeCare's hospice footprint into Arizona and adds Infinity's inpatient hospice unit in Las Vegas to LifeCare's capabilities.

BrentCare Behavioral Health Holdings has acquired Modern Recovery Network (MRN), a Phoenix-based adolescent behavioral health management company operating Modern Recovery Services and Avery's House. The acquisition expands BrentCare’s adolescent behavioral health footprint and capabilities—adding residential, outpatient, and virtual services and extending the platform’s reach nationally, including new coverage in underserved regions such as Arizona and Idaho.

Revelation Pharma, a national network of 503A and 503B compounding pharmacies, has acquired Acacia Apothecary & Wellness, a Tucson-based compounding pharmacy. The deal expands Revelation's footprint and expertise in hormone therapy, women's health, and personalized medicine; Acacia founder Justin Brock, PharmD, will join Revelation as an Operational Consultant.

Ethos Risk Services has acquired ForzaCare, a clinical nurse case management provider, to expand Ethos’ field-based and telephonic case management capabilities and broaden its integrated medical management services for carriers, TPAs, and employers. The acquisition adds experienced clinical staff and enhances Ethos’ end-to-end claims offering as part of its ongoing roll-up strategy (Ethos' eleventh acquisition since 2019).

One Equity Partners' portfolio company Prime Time Healthcare has rebranded to Fortis Healthcare Solutions after acquiring AB Staffing (including AB Staffing Solutions and Adaptive Workforce Solutions). The add-on expands Fortis' healthcare staffing and managed services capabilities across government, education and hospital systems; terms were not disclosed.

Salt Creek Capital has sold Safe in Sound Hearing, a Miracle‑Ear franchisee operating 24 retail locations across Arizona, to Amplifon (operating in the U.S. under the Miracle‑Ear brand). Salt Creek and management (led by CEO Rob Hickman) had acquired and grown the business since 2017; the transaction expands Amplifon's Miracle‑Ear footprint in Arizona.

Levine Leichtman Capital Partners (LLCP) partnered with SYNERGY HomeCare's management team to acquire SYNERGY HomeCare from NexPhase Capital. SYNERGY, a Tempe, Arizona–headquartered franchisor of non-medical in-home care with roughly 240 franchises operating across ~550 territories in 42 states, will continue to be led by CEO Charlie Young; terms were not disclosed.

Ardent Health (NYSE: ARDT) acquired 18 urgent care clinics across New Mexico and Oklahoma from NextCare Urgent Care. Six clinics will operate as part of Lovelace Health System in New Mexico and 12 will become part of Hillcrest HealthCare System in Oklahoma, expanding Ardent’s ambulatory footprint in both markets.

Coker, the PE-backed national healthcare advisory platform, has acquired TTG Healthcare Advisors, a Chandler, Arizona-based healthcare consulting firm that advises physician practices and ambulatory surgery centers on strategy, operations and revenue cycle optimization. The add-on expands Coker's advisory capabilities across performance optimization, technology consulting, compliance and transaction advisory; terms were not disclosed.

hc1 has acquired Accumen, a Scottsdale-based healthcare performance and laboratory consulting firm, to combine Accumen’s lab expertise with hc1’s data management and AI-powered analytics platform. The acquisition (terms undisclosed) positions hc1 to offer a comprehensive, technology-enabled consulting and analytics solution that helps health systems turn diagnostic labs into strategic assets and improve clinical and financial performance.

Bluesight, a provider of Medication Intelligence solutions, has acquired Sectyr, a cloud-based compliance and audit management platform focused on 340B program management. The acquisition adds 340B audit and compliance capabilities to Bluesight’s product suite to improve pharmacy compliance, audit readiness, and operational visibility for hospitals and health systems.

DiningRD, a St. Louis-based provider of foodservice software and dietary consulting for senior living communities, has acquired Mesa, Arizona–based Crandall Corporate Dietitians. The acquisition is an add-on to DiningRD's platform backed by private equity firm Evolution Capital Partners and expands DiningRD's Registered Dietitian network, service offerings and national footprint in assisted and long-term care markets.

Northrim Horizon, a Mesa, Arizona–based permanent capital investment firm, has acquired Allure Medspa, a multi-location medical spa operating across the Phoenix metro area. Northrim named Kylie Tan as CEO and said the acquisition will serve as a platform for growth in medical aesthetics, with plans for de novo expansion and strategic add-ons; Allure later rebranded to Alani Skin MD.

U.S. Bank has acquired Salucro Healthcare Solutions, a Tempe, Arizona-based healthcare payments and billing technology provider. Salucro's team will integrate into Elavon, U.S. Bank's payments unit, to expand the bank's healthcare payment and billing capabilities; financial terms were not disclosed.

Fabric, a New York–based healthcare technology company, has acquired MeMD, the virtual behavioral, urgent and primary care provider, from Walmart Inc. The deal expands Fabric's employer and payer offerings and strengthens its behavioral health and virtual care capabilities for millions of members.

Northrim Horizon L.P., an Arizona-based permanent capital investment firm, has acquired Noble Hospice and Palliative Care, a Mesa, Arizona-based provider of hospice and palliative services. Noble is the firm's fourth acquisition as part of a broader home care and hospice platform to expand service coverage and staffing opportunities across Arizona.

Premier Biotech, a toxicology testing provider backed by Align Capital Partners, has acquired Desert Tox, LLC, a SAMHSA‑certified laboratory that provides urine and oral fluid testing across HHS/DOT, employment, occupational health and government markets. The founders, Mike Grommes and Mike Gorman, will remain involved; the deal is Premier's first add-on since ACP's acquisition in November 2022 and expands Premier's national service offering and oral fluids capabilities.

Red Iron Group, a Menlo Park-based private investment firm, made a significant growth investment in 100% Chiropractic to provide financial, operational, and strategic support for nationwide expansion. The founders and current management remain significant shareholders as the firm plans to scale the franchised clinic network, invest in technology and analytics, and expand patient access across the health and wellness market.

The Ensign Group acquired the operations of River Park Post Acute and Elmwood Senior Living, a healthcare campus in Chandler, Arizona, including 66 skilled nursing beds, 45 assisted living units and 119 independent living units. The real estate was purchased by a subsidiary of Standard Bearer Healthcare REIT, Inc. (Ensign’s captive real estate company), and the campus will be operated by an Ensign affiliate (Bandera Healthcare LLC).

LCM-backed SALT Dental Partners, a Phoenix-based dental partnership organization focused on pediatric dentistry and orthodontics, executed 19 strategic partnerships in 2023 — adding roughly 40 locations and expanding to 90+ locations across 13 states. Since early 2024 the company has partnered with six additional practices (with five more expected to close by Q2 2024) as it expands into oral surgery and scales its centralized support functions.

Kain Capital LLC has made a follow-on growth investment in MY DR NOW, increasing total funding to $60 million to support the primary- and specialty-care provider's expansion across Arizona. Since Kain's initial investment in August 2022, MY DR NOW has grown from nine to 18 sites and will use the new capital to accelerate site expansion and broaden access to convenient, value-based care.

Healthcare Outcomes Performance Company (HOPCo) has acquired MyACTome, a validated smartphone-based fall risk and frailty assessment platform, to expand HOPCo's digital health capabilities for musculoskeletal value-based care. MyACTome's smartphone motion-sensor algorithms and web dashboards will be integrated into HOPCo's msk.ai platform to enable remote and in-clinic patient assessments and improve fall-risk stratification and outcomes.

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.

The Pennant Group, Inc. (NASDAQ: PNTG) has acquired Southwestern Palliative Care and Hospice, a provider of skilled hospice services based in Yuma, Arizona. The acquisition expands Pennant's hospice footprint in southern Arizona and strengthens its ability to deliver end-of-life care to residents of Yuma and surrounding communities.

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.

Cosentus has acquired AllianceMed and its subsidiary MedCloud Software Solutions; financial terms were not disclosed. AllianceMed provides in-network and out-of-network billing for ASCs, DME companies, and physician groups, while MedCloud offers billing software, an ASC-focused EMR, and DME management technology; Cosentus plans to invest in the platform and develop AI capabilities to expand its tech-enabled services for independent physician groups and facilities.

Technical Safety Services (TSS), a portfolio company of Levine Leichtman Capital Partners, has acquired Controlled Environment Management (CEM), a Gilbert, Arizona–based provider of cleanroom/controlled-environment testing, validation, certification, and calibration services for pharmaceutical, biotechnology and research customers. The deal expands TSS's geographic presence in the U.S. Southwest and adds specialized validation and calibration capabilities to its testing, inspection, certification and calibration (TICC) platform.

Firmament-backed e4health has acquired Phoenix-based eCatalyst Healthcare Solutions, a provider of outsourced medical coding, auditing, clinical documentation integrity (CDI), and health information management (HIM) services. The transaction expands e4health's mid-revenue cycle and HIM capabilities and the eCatalyst leadership team will remain with the combined business to accelerate growth.

Pyx Health, a tech-enabled services company addressing loneliness and social determinants of health, received a majority growth/recapitalization investment from TT Capital Partners. Rallyday Partners exited its stake as part of the transaction; financial terms were not disclosed. TTCP said it will support Pyx Health’s next stage of growth by leveraging sector relationships and operational capabilities to scale the business.

The Hope House, a portfolio company of Chicago-based private equity firm Traverse Pointe Partners, has acquired Scottsdale Detox Center of Arizona. The acquisition expands The Hope House's continuum of care and service offerings in luxury substance abuse treatment; financial terms were not disclosed.

Nomi Health has acquired Phoenix-based clinic I Am Wellness to expand access to opioid use disorder (OUD) and substance use disorder (SUD) treatment across Arizona. The clinic will join Nomi's in-person and virtual population health programs to provide medication-assisted treatment, mental health services, peer support and social services targeting underserved and Medicaid populations.

Court Square Capital Partners has made a strategic growth capital investment in Team Select Home Care, a Phoenix-based home health provider focused on pediatric and geriatric post-acute care. The existing sponsor, Tenex Capital Management, sold a majority stake while retaining a minority interest; the capital will support adding branches and expanding services across the U.S.

Hildred Capital Management completed a strategic growth investment in AleraCare, a provider of infusion, home infusion and specialty pharmacy services. The capital will be used to double AleraCare's clinical capacity over the next 24 months and support continued expansion of its ambulatory infusion centers and pharmacy services across multiple U.S. states.

Sagility LLC, a Colorado-based provider of technology-enabled healthcare business process management (BPM) services, has acquired Devlin Consulting, Inc. (DCI), a Chandler, Arizona payment integrity firm. The acquisition expands Sagility's payment integrity capabilities by combining its analytics and payer/claims expertise with DCI's contract central technology platform to enhance pre-pay cost avoidance, post-pay recoveries, and provider-payer relations.

Arizona-based occupational healthcare provider On Site Medical (OSM) has acquired 10-4 Medical, a Tucson clinic specializing in whole-person occupational care for first responders. The acquisition will keep existing staff and locations in place while expanding services (telehealth, on-site dispatched care, on-site training) and supporting 10-4's footprint and administrative capabilities.

SC Labs, a leading U.S. cannabis and hemp testing company headquartered in Santa Cruz, California, has acquired C4 Laboratories of Scottsdale, Arizona. The acquisition expands SC Labs' licensed and accredited footprint to five states and adds C4's advanced cannabis testing capabilities to SC Labs' national testing and compliance platform.

Inspire Aesthetics, a portfolio company of Hidden Harbor Capital Partners, has added Shapiro Aesthetic Plastic Surgery & Skin Klinic in Scottsdale, Arizona to its network of plastic surgery and aesthetics centers. The deal expands Inspire's provider base and represents an add-on acquisition to grow the platform's presence in the Southwest United States.

DCA Partners, with co-investor CVF Capital Partners and financing support from Gladstone Capital, acquired the Toxicology Direct Bill division of Cordant Health Solutions in a carve-out from an unnamed financial institution. The division provides drug testing and medication monitoring services to parole/probation agencies, drug courts and treatment clinics across the United States and will continue operating under the Cordant name.

Health Management Associates (HMA) has acquired Crestline Advisors, an Arizona-based healthcare consulting firm founded in 2013 that supports health plans, provider organizations, and state agencies—particularly on Medicaid managed care (MCO) proposal responses and network management. Crestline's leadership (CEO Susan Dess and Tim Mechlinski) will remain in place as part of HMA; terms were not disclosed.

Princeton Medspa Partners has acquired Skinjectables, a Tucson, Arizona-based medical spa founded by Kathleen O'Brien, expanding PMP's portfolio to seven corporate locations (plus three franchises). Founder Kathleen O'Brien will remain with the business as Clinical Director and top provider; Princeton intends to replicate Skinjectables' walk-in Botox and dermal filler model across its platform.

St. Louis-based Health Technologies Inc. (Dining RD) has acquired Tempe, Arizona-based Nutrition Alliance, LLC, a provider of Registered Dietitian and Certified Dietary Manager consulting and training to senior living communities. The add-on deal expands Dining RD's RD consulting services and allows integration of its menu and software programs for Nutrition Alliance's ~184 senior living clients; Dining RD is PE-backed by Evolution Capital Partners.

Foundation Partners Group, an Orlando-based provider of funeral, cremation and cemetery services, has acquired Angel Valley Funeral Home & Old Pueblo Crematory in Tucson, Arizona. The acquisition expands Foundation Partners Group's footprint in the Tucson market as part of its ongoing growth of end-of-life 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.

Medix Infusion closed a $35 million Series B led by Echo Health Ventures with participation from Pittco Direct Investments II and Noro-Moseley Partners, and simultaneously secured a debt facility with Live Oak Bank. Medix will use the capital to support organic growth and to acquire the infusion operations of the Center for Neurology and Spine, expanding its ambulatory infusion footprint into Arizona.

Ingenovis Health, a PE-backed, technology-enabled healthcare talent platform, has acquired Springboard Healthcare, a specialized cardiovascular travel staffing and education provider. The acquisition strengthens Ingenovis' portfolio of clinician staffing and education capabilities and positions Springboard to pursue strategic growth with access to Ingenovis' resources.

Avista Capital Partners has acquired Spear Education, a Scottsdale-based provider of digital and in-person clinical training, practice analytics, and consulting solutions for the dental market, from Linden Capital Partners. Transaction terms were not disclosed; Avista said it will leverage its healthcare technology and dental sector experience to accelerate Spear's growth and expand its digital and membership offerings.

Rise Health, a technology-enabled primary care platform focused on value-based care, closed a growth equity investment led by Lorient Capital and Martis Capital to support continued market expansion and technology investment. The capital will be used to accelerate growth across the Southwest United States and expand Rise Health’s value-based primary care partnerships with providers serving underserved populations.