Attention Entrepreneurs: DFW is a Top-Three Market for Healthcare Deals

Dallas-Fort Worth was home to the third greatest number of healthcare transactions in the country according to an analysis by Mergermarket, with 73 healthcare deals between 2015 and 2018. While the number of transactions was high, their value was less than one-seventh of the top two spots. But that might not be a bad thing for North Texas healthcare entrepreneurs. Chad Watt, the natural resources editor at Mergermarket, described via email how Dallas differs from Boston and San Francisco in regard to mergers and acquisitions. “While D-FW had nearly as many deals as those two areas, the acquisitions here skewed more… Full Story

AccentCare Inc. Acquires Steward Home Care and Hospice

Steward Home Care and Hospice has been acquired by Dallas-based AccentCare Inc. as of December 31. The acquisition will not impact Steward Home Care’s services, which serve more than 14,000 patients in Massachusetts and New Hampshire. AccentCare, Inc. provides post-acute healthcare and specialized care management before acute episodes. Its services include skilled nursing, rehabilitative therapies, hospice, private duty, care management, and healthcare management services. It employs over 24,000 people in 190 locations and 2,0000 facilities. The purchase of Steward will expand AccentCare’s reach to 16 states and 110,000 patients and clients annually served. Steward Home Care and Hospice was previously owned… Full Story

Report: Texas Hospitals are Becoming Less Profitable

Hospital profits have been on the rise for years, but 2017 saw dividends down for healthcare providers in Texas, according the the Texas Health Market Review. Fewer insured individuals and HMOs that lost money were partly to blame for the losses. Allan Baumgarten has been publishing the reviews since 1998, analyzing hospital systems and insurers across Texas and other states. He looks at the impact of the Affordable Care Act and other factors that contribute to the direction of the market. He noted that young people are less likely to care about a relationship with a physician than in past… Full Story

SimplyWell Acquired by Richard Branson’s Workplace Health Company Virgin Pulse

SimplyWell, a Dallas-based workplace wellness program and one of D CEO’s Healthcare Awards Finalists, has been acquired by Virgin Pulse, the world’s largest digital health and well-being company. With the acquisition, Virgin Pulse expands its access to condition management across 22 ailments, including heart disease, diabetes, and obesity. The company hopes to expand its coaching capabilities and better serve all employees, from the healthiest to the highest risk who need the costliest support and interventions. Virgin Pulse has members in more than 190 countries and 3,300 organizations. Virgin will incorporate SimplyWell’s analytics and claims reporting capabilities, allowing them a better… Full Story

Baylor Scott and White–Memorial Hermann Merger: Can It Cut Costs?

Changes are on the way in the wake of the merger between Memorial Hermann and Baylor Scott and White, and cost savings for the consumer is one of the claims by leaders on both sides of the deal. But will the two contiguous providers eliminate redundancies and save money or use their negotiating power to drive up prices? Baylor Scott and White is the result of a merger that may provide a look at what the future of this transaction may hold in regards to cost savings. In 2013, Baylor merged with Scott and White, creating one of the largest… Full Story

Cedar Gate Technologies Acquires Global Health Alliance to Improve Bundled Payment Provision

Cedar Gate Technologies acquired Global Health Alliance this week, in a move that will impact North Texas providers and allow Cedar Gate to improve prospective bundled payment programs. Cedar Gate will have access to GHA’s technology called Axia that automates bundled claims and manages payment between payers and providers, which has processed over 2.25 million distinct bundles. Bundled payment programs can help control and manage healthcare costs by uniting payments for an episode of care rather than processing individual payments for the hospital, lab, and post-acute facilities. It incentives providers to work together and lower the total cost. Last year,… Full Story

Texas Stays Busy as Mergers and Acquisitions Slow Down Nationwide in Third Quarter

While North Texas is abuzz with talk of healthcare mergers and acquisitions after Baylor Scott and White and Memorial Hermann work out the details of their merger, the country is trending down on such moves relative to last year. Health Exec reports that hospitals and health system merger and acquisitions  is slowing down, according to a study from Kaufman, Hall and Associates. The report says that just 18 transaction occurred during the third quarter of 2018, 38 percent less than the same period in 2017. There were 87 deals through this point last year, but only 68 this year. Texas’… Full Story

This Study Describes How M&A’s Will Impact the Future of Healthcare

A paper presented at the Texas Health Law Conference this week outlines how mergers and acquisitions and disruptive innovation are creating healthcare world increasingly focused on patients. The Polsinelli law firm’s paper analyzes several mergers and acquisitions in the healthcare industry and makes conclusions about the future of the healthcare industry, and was written by Dallas office lawyers Jon Henderson, Andrew Kinworthy, and Kevin McDonnell. Several themes arose in the study, including private equity ownership, integrated care continuum, consumerism, shifting from in-patient to out-patient care and toward value-based care centered around data analytics. The paper concludes that these changes will improve patient care… Full Story

New Name and Headquarters For Baylor Scott and White, Memorial Hermann?

The short answers to those questions are 1) Yes, there will be a new name, but they don’t know what it will be just yet, and 2) There are no plans for a new combined headquarters. Dallas’s Baylor Scott and White and Houston-based Memorial Hermann have signed a letter of intent to merge, combining the two health networks into one system that will span Dallas, Houston, Austin, and Temple, accounting for $14.4 billion in revenue, according to Modern Healthcare. At a press conference Monday afternoon, four of the leaders from the two systems discussed the merger and answered questions from… Full Story