Business Briefs

Nov 28, 2018 at 05:26 pm by Staff


Franklin-based Censis Technologies, a leader in surgical inventory management, recently announced completion of their acquisition of Applied Logic, a St. Louis-based surgical tracking software company.

Last month, AllianceBernstein announced the firm will become the anchor tenant of the office tower affiliated with the Fifth + Broadway development that is under construction. The New York-based global investment firm announced earlier this year the intention to relocate its global headquarters to Nashville over the course of the next six years, bringing more than 1,000 corporate jobs.

Nashville-based Wellvana, which is financed and co-founded by Charlie Martin of Martin Ventures and several San Antonio physicians, recently closed on $4.5 million in funding. The company aligns physicians in a clinically integrated model to achieve healthcare's triple aim.

OneDigital Health and Benefits, which is based in Atlanta, has bought locally based Paradigm Group. Bob Levy, managing principal for Paradigm, will continue on in that role for OneDigital Tennessee.

Envision Healthcare closed on its purchase of Decatur Radiology Physicians in Decatur, Ill., in mid-October. The buy comes just days after private investment firm KKR, which is also rumored to be interested in purchasing Acadia Healthcare, closed on its $9.9 billion acquisition of Envision, taking the publicly traded healthcare company back to a privately held firm.

Nashville-based SmileDirectClub is grinning all the way to the bank following $380 million in private equity capital led by Clayton Dubilier & Rice and a company valuation of $3.2 billion. The funds are earmarked for innovation, research and development, and international expansion. Local healthcare advisory firm Bernard Health recently announced a new partnership with Baird to provide healthcare planning and health insurance advice to clients of the national financial services firm.

Nashville-based medical property investor and developer Montecito Medical has recently completed the acquisition of a Class-A medical office building in Willmar, Minn., and the Chardon Surgery Center, a Class-A medical office and surgery center in the metropolitan Cleveland area.

NueCura Partners recently finalized a third investment in Nashville-based decision support healthcare startup EvidenceCare. This latest investment was $468,367, bringing NueCura's total cash investment to $959,000.

In this round of Community Health Systems divestitures, the company recently announced completion of the sale of 238-bed AllianceHealth Deaconess Hospital in Oklahoma City and of Sparks Health System in Arkansas, which includes 492-bed Sparks Regional Medical Center in Ft. Smith and 103-bed Sparkes Medical Center in Van Buren. Additionally, CHS has announced a definitive agreement to sell the two-hospital Mary Black Health System and related business in South Carolina.

Nashville-based Gen Cap America recently announced it had sponsored a buyout of Orthopedic Physical Therapy Products (OPTP) in partnership with management. OPTP is based in Minneapolis, Minn. Terms of the transaction were not disclosed.

Brentwood-based QualDerm Partners has added two more practices to its growing network. Andrew D. Quillin, MD Dermatology and Westerville Dermatology have joined the company's Ohio network of affiliated physician-owned practices.

Nashville health technology company axialHealthcare recently announced a data sharing partnership with Surescripts to improve patient safety and alert providers to high-risk patients amidst the opioid crisis. axialHealthcare, a leader in pain care and opioid medication solutions, will collaborate with Surescripts to leverage prescription fill information for patients whose care is monitored by axialHealthcare's capabilities to assess and analyze patient risk related to pain management, opioid use, and opioid use disorder.

Amedisys has signed a $340 million deal for New Jersey-based Compassionate Care Hospice, which cares for more than 3,000 patients daily at 53 sites across 24 states.

Council Capital, a healthcare-focused private equity firm based in Nashville, recently announced it has invested in The Center for Neurological and Neurodevelopmental Health and The Clinical Research Center of New Jersey (collectively, "CNNH"). Terms of the transaction were not disclosed. Headquartered in Voorhees, N.J., CNNH provides neurology-led medical assessment, testing, and treatment for children and adolescents with neurological, developmental, learning, and neuropsychological issues.

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