24 acquisitions, partnerships making waves in healthcare in 2023

Here are 24 acquisitions and partnerships that Becker's reported on in 2023:

  1. Toledo, Ohio-based ProMedica, a 12-hospital system, completed the sale of its home health, palliative and hospice business to Gentiva Health Services, a hospice company backed by Humana and private equity firm Clayton Dubilier & Rice.
  2. Healthcare software company WellSky acquired Corridor — which provides coding and revenue cycle platforms for the post-acute sector — from HealthEdge Investment Partners, a healthcare-focused private equity firm. 
  3. Blackstone, a private equity firm, inked a deal to purchase a 72.5% stake in Quality Care India — which operates Care Hospitals — from Evercare, a platform backed by TPG Rise funds.
  4. Los Angeles-based Prospect Medical Holdings reached a deal with two Pennsylvania stakeholders to halt active litigation and activate a 270-day window to sell its struggling Springfield, Pa.-based Crozer Health. 
  5. Nashville, Tenn.-based Envision Healthcare plans to split with AmSurg and reorganize as it emerges from bankruptcy, which the private equity-backed physician services company filed for in May with around $7 billion in outstanding debt.
  6. Private equity company Ascend Capital Partners acquired a majority stake in Seoul Medical Group, an independent physician association.
  7. Private equity group Thoma Bravo is seeking $1 billion of debt financing for its proposed purchase of EHR vendor NextGen Healthcare.
  8. A bipartisan group of lawmakers is looking to increase transparency in private equity-backed healthcare deals.
  9. Private equity group Thoma Bravo entered into an agreement to acquire EHR vendor NextGen Healthcare for about $1.61 billion in cash.
  10. Consensus Health Medical Group added five New Jersey-based independent medical practices, which adds eight physicians and six locations to its network.
  11. Eastern Carolina Emergency Physicians merged with Emergency Care Partners, a national provider of emergency medicine and emergency department management services for hospitals in Oklahoma, Texas, Arizona, Louisiana, Florida, New York, Illinois and North Carolina.
  12. JLL Capital Markets, a commercial real estate and investment management company, facilitated a joint venture between Sendero Capital, a privately held real estate firm, and investment firm Angelo Gordon, to invest a maximum of $300 million in outpatient healthcare real estate over the course of the next two years.
  13. Brandon, Fla.-based Bay Area Cardiology partnered with private equity-backed cardiovascular management group Cardiovascular Associates of America.
  14. Altus Community Healthcare, a portfolio company of private equity firm ZT Corporate, acquired Exceptional Emergency Center, a system of 14 emergency rooms across Texas.
  15. EyeSouth Partners, which is backed by private equity firm Olympus Partners, affiliated with Carolina Cataract & Laser Center and Eyecare Physicians & Surgeons, which both serve the Charleston, S.C., area.
  16. Private equity-backed Capitol Pain Institute acquired three practices and one ASC in Colorado.
  17. United Digestive partnered with private equity firm Kohlberg & Co.
  18. Privia Health formed a strategic partnership with Columbus-based OhioHealth to launch Privia Medical Group-Ohio. 
  19. Fort Wayne, Ind.-based Parkview Physicians Group added Fairhaven Obstetrics and Gynecology in Goshen, Ind., to its network.
  20. Walgreens-backed VillageMD continued its expansion into the Northeast through its acquisition of Starling Physicians, a primary care and multispecialty physician group in Connecticut.
  21. Agilon Health acquired mphrX, a value-based care technology company that aims to provide interoperability solutions, for $45 million.
  22. Toms River, N.J.-based pediatric network Pediatric Affiliates partnered with Webster Equity Partners, a healthcare-focused private equity firm.
  23. Aledade added 450 primary care practices, including 60 health centers, to its network in 2023, making it the largest network of independent primary care providers in the country.
  24. Albuquerque, N.M.-based Presbyterian Healthcare Services announced plans to outsource its physician recruitment for its Santa Fe location to Sound Physicians, a private equity-backed staffing firm.

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