The markets may have been on a roller coaster ride for the past few months, but several Nashville area healthcare companies appear to be considered a good investment. In other cases, it’s the Nashville companies laying out significant cash.
Acadia started 2016 with an investment of more than $2 billion to purchase Priory Group, a behavioral health company in the United Kingdom with more than 300 facilities.
A joint venture between Tenet Healthcare and investment firm Welsh Carson Anderson and Stowe has acquired 35 CareSpot urgent care clinics in Tennessee and Florida and will fuse their operations with those of its 46-store MedPost brand. United Surgical Partners International bought the nearly three dozen clinics run by Brentwood-based CareSpot from Welsh Carson, which first invested in the company in 2007. The deal does not include 18 CareSpot locations in the Nashville and Kansas City markets where they are allied with regional hospital networks owned by HCA Holdings. Nashville-based HCA, which had the first rights to buy those locations, has done so.
One of the world's largest PR firms has bought healthcare marketing communications firm ReviveHealth for an undisclosed sum. The deal blends Weber Shandwick’s expertise in communications focused on complex health and treatment issues with ReviveHealth's focus on the business of healthcare. ReviveHealth will maintain its staff and offices in Nashville, Santa Barbara and Minneapolis and will do business as ReviveHealth, a Weber Shandwick Company going forward.
In November, Franklin-based DiaTech Oncology landed a $75 million asset-backed funding agreement with Keyholder Investments. With the cash infusion, the company expects to grow from 21 to 120 employees by 2017 and to open a new research office in Bernardsville, N.J.
Healthcare marketing company Clariture Health Inc. has landed $3.5 million in Series A funding from Martin Ventures. The funding will be used to accelerate the alumnus of the Healthbox incubation program’s growth within the provider industry.
Startup home health services venture Contessa Health also has landed $3.5 million in Series A financing. Investors include BlueCross BlueShield Venture Partners, Sandbox Advantage Fund and Martin Ventures.
Florida-based respiratory therapy services company Lincare announced the company has entered into a definitive agreement with American HomePatient to acquire the Brentwood-based company from Highland Capital Management. The deal is expected to close in the first quarter of 2016 following customary approvals and regulatory review. Expectation is the local leadership team will transfer to Lincare, and the Brentwood office will continue to be an operating hub.
