What You Should Know:
- A new study has revealed a concerning trend in the healthcare industry: a significant decline in hospital assets following private equity acquisitions. The research, published in JAMA, analyzed data from 197 acquired hospitals and found a 24% decrease in total capital assets compared to a 9.2% increase in control hospitals over a two-year period post-acquisition. This decline is attributed to the sale of hospital assets, including land and buildings, to repay
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Healthcare Private Equity | PE | M&A| News, Analysis, Insights
How Physician Groups Can Fight Back Against Private Equity
As a society, we should all be concerned about the increasing rate at which private equity firms are acquiring physician groups. Over the last decade, private equity firms have invested nearly $1 trillion in approximately 8,000 healthcare deals, encompassing a wide spectrum of medical services, from fertility clinics to neonatal care, primary care to cardiology, hospices, and everything in between.
The consequence? Healthcare has shifted towards a profit-driven model where physicians have
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How Private Equity Firms Raided Safety Net Hospitals, Leading to Closures, Layoffs
What You Should Know:
- A new investigation by the Private Equity Stakeholder Project (PESP) reveals, for the first time, private equity (PE) investors were behind a safety net hospital closure in the Chicago area after making broken promises to regulators.
- The report, “How private equity raided safety net hospitals: Volume 2—Pipeline Health,” written by PESP researcher Mary Bugbee, highlights the pitfalls of private equity ownership of hospitals, including the monetization of
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BVP Forge Invests in Quality Management Platform, Medisolv
What You Should Know:
Private equity firm BVP Forge has completed a strategic investment in Medisolv, a healthcare quality data measurement and reporting solution, to accelerate its growth. BVP Forge will also provide Medisolv access to the growth IP, talent network, and resources of Bessemer Venture Partners.Medisolv was founded in 1999 with the idea that software can unlock the intelligence buried in the chaos of healthcare data. Medisolv will benefit from ForgeEdge™, BVP Forge’s
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DW Healthcare Partners Closes $210M Fund to Invest in Healthcare Companies
What You Should Know:
- DW Healthcare Partners (“DWHP”), a healthcare-focused private equity firm, announced the closing of DW Healthcare Partners Small Cap, L.P. (“Founders Fund”), a $210M fund focused on lower middle market healthcare investments. This new fund brings DWHP’s total capital under management to USD $1.3 billion.
- The Founders Fund will invest in companies that are $3M to 6M EBITDA. The fund currently has two investments: TubeWriter and DermLite.
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Digital Health Exec Hires: Transcarent Appoints CMO, Carium, Tegria, Swift Medical, GoCheckKids, Others
Transcarent appoints Dr. Randy Hawkins as Chief Medical Officer (CMO) and will report to Transcarent Chief Executive Officer, Glen Tullman. As CMO, Dr. Hawkins will oversee the organization’s clinical quality initiatives and support the organization’s health analytics strategy.
Swift Medical has appointed Brian Litten as its new Chief Executive Officer effective immediately. Litten brings decades of healthcare leadership experience across health plans, provider organizations, regulatory
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Amboy Street Ventures Launches $20M Fund to Support Femtech Startups
What You Should Know:
- Amboy Street Ventures, the world's first venture capital firm focused on women's health and sexual health for all genders, closed its debut $20 million fund.
- Amboy Street plans to invest in the Seed and Series A stages of women’s health and sexual health startups to both lift associated stigmas and usher forward a new world of inclusive health and wellbeing.
Investment Thesis & Portfolio
The world is undergoing a massive social reformation
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M&A: ReviveHealth Acquires Telehealth Company SwiftMD
What You Should Know:
ReviveHealth, a whole health and integrated care company, has acquired SwiftMD, a virtual care services company with a strong physician network.
- The acquisition was facilitated by Eir Partners, a Miami based private equity firm that invests in high growth healthcare companies. Eir Partners took a majority interest in ReviveHealth as a part of the transaction.
SwiftMD Background
SwiftMD is a digital virtual health company with the highest utilization rate
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M&A: Alpine Investors Acquires RCM Services Provider Medusind
What You Should Know:
- Alpine Investors, a people-driven private equity fund, announced that it has acquired Medusind, a provider of revenue cycle management services to the healthcare industry.
- Jose Rivero, an Alpine CEO-in-Residence and part of the firm’s PeopleFirst program, has assumed the role of CEO of Medusind. Terms of the private transaction were not disclosed.
Medusind Background
Founded in 2002, Medusind provides deep expertise and powerful revenue cycle
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M&A: LeanTaaS Acquires Hospital IQ, Combined Valuation Exceeds $1B
What You Should Know:
- LeanTaaS, Inc., a provider of AI-powered and SaaS-based capacity management and patient flow software for health systems, today announced it has acquired Hospital IQ, a provider of intelligent automation solutions for hospitals. The acquisition values the combined company at more than $1 billion in enterprise value and enables it to power intelligent operations across more than 180+ U.S. health systems. The financial terms of the acquisition were not disclosed.
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