Acadia acquires six U.K. facilities

Summer buying spree adds nearly 700 beds to U.K. operations
Sep 2, 2015 10:52 AM

Local Cushman & Wakefield | Cornerstone office to align with Toronto company

Smith to oversee Tennessee market in deal that also involves Knoxville office
Sep 2, 2015 7:07 AM

NHI buys two senior living communities for $12.7M

National Health Investors has acquired two senior living communities for a total purchase price of $12.7 million.

The two communities in Oregon and Michigan were acquired through separate transactions and expand the NHI-Chancellor Health Care partnership to five communities. The deal also establishes a new partnership for the Murfreesboro company with The Brook Retirement Communities.

Golden Age Senior Living in Portland, Oregon is a 40-bed memory care facility. The community will be leased to Chancellor Health Care for 15 years. The Brook of Roscommon in Roscommon, Michigan is a 42-unit independent and assisted living community that will be leased to The Brook Retirement Communities.

“We are very happy to be expanding our relationship with Chancellor Health Care with the acquisition of Golden Age, and to add a new partner, The Brook Retirement Communities. These acquisitions are representative of our desire to continue our practice of partnering with strong regional operators,” Eric Mendelsohn, NHI’s President and CEO, said in a release.

Sep 1, 2015 10:05 AM

ADS buys in Georgia

Security company deal adds 2,000 clients
Aug 31, 2015 7:07 AM
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Symmetry Surgical buying clips, appliers business

North Carolina company's operations, distribution will move to Antioch HQ
Aug 28, 2015 7:11 AM

naviHealth nears sale to giant public company

Updated Tuesday morning:

Cardinal Health has announced its intent to buy a majority stake in naviHealth in a deal expected to close later this week. Ohio-based Cardinal is paying $290 million in cash for 71 percent of Brentwood-based naviHealth — which works with some 2 million health plan members — with the goal of buying the remainder of the company in stages over the next four years.

“Discharge and post-acute care coordination is critical for both hospital CEOs and their patients, as care is increasingly delivered in alternative sites and payment models shift the focus to patient outcomes rather than activity,” said Michael Petras, president of Cardinal Health at Home. “The acquisition of naviHealth aligns with Cardinal Health’s strategic priority of offering the most complete and integrated suite of services to meet the needs of our Integrated Delivery Network, hospital and other customers.”

Clay Richards, CEO of naviHealth, and his team will stay on to run the company and report up Petras. Cardinal executives say naviHealth will be accretive to the earnings of their medical segment, which in fiscal 2015 posted a segment margin of 3.8 percent on revenues of more than $11 billion.

 
As originally reported:

Milt Capps on Monday afternoon reported that medical products and services distribution giant Cardinal Health appears to be on the verge of buying local post-acute care manager naviHealth in a deal that could be worth as much as $400 million.

A Federal Trade Commission filing — check it out here — shows the deal clearing a notable regulatory hurdle. Buying naviHealth would be Cardinal's second major 2015 move involving a Middle Tennessee company: In April, the $103 billion-revenue company (Ticker: CAH) snapped up Metro Medical Supply.

SEE ALSO: A news release Monday from naviHealth saying it has extended its contract with a large Wisconsin health plan

Aug 25, 2015 7:12 AM

DSI Renal being acquired by U.S. Renal Care

Merged companies will have 33-state portfolio
Aug 24, 2015 1:43 PM

Gen Cap America buys NJ company from Swedish conglomerate

Metal joining venture had $17M in '14 sales
Aug 17, 2015 2:45 PM

French supply chain company to acquire OHL

Deal with Geodis reportedly for $800M
Aug 17, 2015 11:01 AM

CHS sues Georgia hospital after losing deal to LifePoint

Franklin company says St. Francis execs misrepresented finances
Aug 10, 2015 2:32 PM