Given the economic uncertainty, difficulty in securing acquisition debt and inability to actually visit senior care properties during the pandemic, it is no surprise that M&A activity was so low this quarter.

NEW CANAAN, Conn. (PRWEB)
July 20, 2020

The number of publicly announced seniors housing and care acquisitions in the second quarter of 2020 dropped below 60 transactions for the first time since the second quarter of 2013, with 59 deals, based on new acquisition data from Irving Levin Associates’ M&A database, Deal Search Online. This represents a 40% decline from the 99 transactions announced in the first quarter of 2020 and a 50% decrease from the 117 deals in second quarter of 2019. Buyers also committed fewer dollars to Q2 deals, spending a total of $1.35 billion on seniors housing and care deals, a 50% drop from the $2.7 billion in the first quarter of 2020. “Given the economic uncertainty, difficulty in securing acquisition debt and inability to actually visit senior care properties during the pandemic, it is no surprise that M&A activity was so low this quarter,” stated Ben Swett, Editor of The SeniorCare Investor. “Because of the way dealmaking also petered out from the 22 deals in April to 20 in May and then to just 17 transactions in June, the third quarter may slow even more.”

Two deals comprised about 60% of the quarter’s total dollar volume: Welltower’s sale of two seniors housing portfolios for approximately $500 million and $300 million, respectively. The first transaction included seven senior living communities scattered throughout Florida and operated by Discovery Senior Living, while the other featured six Midwest senior living communities operated by Senior Star. Kayne Anderson Real Estate Advisors bought the Florida portfolio and announced one other deal during the quarter. Tryko Partners, Fairstead and Omega Healthcare Investors also each announced two acquisitions. As per usual, private senior care providers made up the majority of buyers, counting for nearly 50% of all Q2 acquisitions. REITs and real estate investment firms made 25% of the deals, and 14% were announced by private equity firms. Those ratios were similar to the previous quarter.

Skilled nursing deals made up a larger ratio of the transaction volume compared with the first quarter of 2020 but still represented a minority with 44%. Seniors housing, which comprises independent living, assisted living, memory care, CCRC and age-restricted properties, took 56% of the quarter’s deal volume. Looking at the properties that sold in those transactions, the ratio was 50-50 between skilled nursing and seniors housing. “Nationally, skilled nursing facilities have so far seen more dramatic declines in census, due to the postponement of elective surgeries and the fact that they care for a frailer and more medically complex patient population,” continued Swett. “But seniors housing communities have also suffered from declining occupancy, and questions about how long-term demand for these property types will change following COVID-19 still remain.”

All long-term care M&A deals dating back to 1993 can be accessed on the Deal Search Online database and can be purchased via a site license. All quarterly results are published in The Health Care M&A Report for all 13 sectors of health care, which is part of the HealthCareMandA.com. In addition, annual results of the seniors housing and care acquisition markets were published this year in the 25th Edition of The Senior Care Acquisition Report. The comprehensive report has 400 pages of transaction details and valuation statistics in a two-volume set, separated out by seniors housing and skilled nursing. For information, or to order the reports, call 800-248-1668. Irving Levin Associates was established in 1948 and has headquarters in New Canaan, Connecticut. The company publishes research reports and newsletters, and maintains databases on the healthcare and seniors housing M&A markets.

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Eden Prairie, MN Periodontist Dr. Andres Sanchez Attends Virtual Osteology Symposium USA

Despite limitations to in-person education amid the COVID-19 pandemic, Dr. Sanchez remains at the forefront of his field through online and virtual continuing education courses.

Eden Prairie, MN (PRWEB)
July 20, 2020

Board-certified periodontist Dr. Andres Sanchez recently attended the Virtual Osteology Symposium USA. This two-day event was presented as a live webinar and focused on soft and hard tissue techniques for the long-term health of natural teeth as well as the lasting success of dental implants. Dr. Sanchez is excited to bring the knowledge he acquired back to his practice and begin implementing the latest techniques for his patients.

As a periodontal specialist, Dr. Sanchez has advanced training in gum health and implantology. Board certification as a periodontist demonstrates his added dedication to keeping current with all the newest treatments and techniques in the field, as verified by the American Board of Periodontology. Despite limitations to in-person education amid the COVID-19 pandemic, Dr. Sanchez remains at the forefront of his field through online and virtual continuing education courses. This dedication to periodontology stems from his passion to offer truly minimally invasive, effective, and predictable care to his community.

During the Virtual Osteology Symposium USA, leaders in periodontology reviewed cutting-edge research in soft tissue and bone augmentation techniques. Healthy soft tissues seal out disease-causing bacteria and work alongside bone tissue to support natural teeth from shifting or falling out. These same tissues help ensure the success of dental implants after implant placement. A balanced and even gumline can make the difference between a failing dental implant and a beautiful and complete smile that lasts for years to come.

Before dental implants are placed, Dr. Sanchez will also examine the health of each patient’s jawbone, evaluating bone volume and density. If the bone is too weak to support dental implants, he provides bone grafting or augmentation treatments to rebuild the jawline to a healthier state.

Effective soft tissue grafting has cosmetic applications as well, allowing patients to reclaim their smile esthetics. Many patients who need gum grafting have uneven gumlines that are highly noticeable when they smile. If left untreated receding gums can even lead to loose and shifting teeth eventually causing tooth loss.

Together, periodontist Dr. Sanchez and prosthodontist Dr. Eleni Voltidi offer collaborative, expert-level dental implant treatment in one convenient location. From treatments to help patients qualify for implants including bone grafting, gum grafting, and tooth extractions, to implant placement and final restorations, comprehensive dental implant treatment is possible from PerioWest. This comprehensive approach enables patients to regain healthy and happy smiles with fewer visits to fewer practices.

Patients needing the services of a periodontist or prosthodontist in Eden Prairie, MN are encouraged to reserve a consultation with Dr. Sanchez or Dr. Voltidi. They can be reached by calling 952-567-7457 or visiting http://www.periowestmn.com.

About the Practice

PerioWest is a periodontal practice offering personalized dental care for patients in Eden Prairie, MN and the Twin Cities areas. Dr. Andres R. Sanchez received his Certificate & Master’s Degree in Periodontics from the prestigious Mayo Clinic in Minnesota. He is a board-certified periodontist and a Diplomate of the American Board of Periodontology. In addition, Dr. Sanchez has been involved as a primary author in more than ten scientific papers published in major periodontal and implant dentistry journals. His associate, Dr. Eleni Voltidi is a prosthodontist who completed her Fellowship in Dental Oncology and Maxillofacial Prosthetics form the prestigious Mayo Clinic in Minnesota. PerioWest provides state-of-the-art dental implant treatment, LANAP® laser therapy, and advanced periodontal care to Eden Prairie, MN and the Twin Cities areas. To learn more about Dr. Sanchez and the services provided at PerioWest, please visit the practice website at http://www.periowestmn.com or call 952-567-7457.

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CareerGig Offers Traditional Benefits for Freelancers

“CareerGig is committed to offering the flexibility of self-employment with the stability of insurance and benefits,” Greg Kihlström, CEO.

ARLINGTON, Va. (PRWEB)
July 20, 2020

As the U.S. unemployment rate remains high, CareerGig, an online SaaS-based platform launched today offering affordable insurance for freelancers. The platform also provides access to available freelance gigs and contract projects at top companies looking for candidates. On the hiring end, companies that sign up for the service will have access to state of the art verification services and immediate access to ready talent, reducing valuable internal time and resources, and can provide their 1099 workers with benefits through the platform.

Tailored especially for freelancers and contractors, CareerGig’s robust menu of offerings include health, dental, vision, life and disability insurance, and health service accounts (HSAs). CareerGig also offers supplemental benefits such as accident, critical illness, and pet insurance. All offerings are outlined and available through the company website at careergig.com.

Human resource professionals within companies are able to access CareerGig’s streamlined and secure verification process allowing for multiple assessments and background checks, saving time and internal resources. Built with blockchain, artificial intelligence, and other technologies, CareerGig provides companies the security and peace of mind when hiring candidates.

In addition to verification services, companies that hire through the platform would also be able to offer their 1099 workers insurance and benefits through CareerGig.

“Research shows that 36% of Americans are already part of the gig economy and 90% are open to joining; but the biggest concerns being the lack of access to health and financial safety nets. At CareerGig, we understand those concerns and are building a company committed to offering the flexibility of self-employment with the stability of insurance and benefits,” said Greg Kihlström, CEO and Co-Founder of CareerGig. “What’s more, our core philosophy of trust and validation using the best available technologies means that our platform is built with our customer’s data privacy and best interests in mind from the start.”

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ABOUT CAREERGIG

Career benefits. Gig lifestyle. Choose both. CareerGig is a SaaS technology platform and ecosystem that matches freelance and contract workers to top employers, and with independent access to health and financial benefits exclusively tailored for those in the gig economy. Powered by blockchain and AI technology, CareerGig also provides employers the ability to hire qualified and verified talent through an accelerated and scalable state-of-the-art process. CareerGig helps individuals create freelance careers, and makes life easier and more secure for companies that hire them. Contact us at careergig.com

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“We are very pleased with the investor enthusiasm in our first private placement for Health Advocates Network.”

BOCA RATON, Fla. (PRWEB)
July 20, 2020

Health Advocates Network Holdings Corp., a provider of quality staffing solutions to healthcare systems nationwide, today announced its successful completion of its first-round equity raise, including co-investment by management, in excess of $7,000,000. The equity raise was twice upsized due to strong investor interest and was still significantly oversubscribed.

The results of the company’s capital raise are a continuation of the successes the company’s management team has enjoyed in prior healthcare staffing start-ups, including Medical Staffing Network, which launched in 1998, and Accountable Healthcare Staffing, founded in 2012. “We are very pleased with the investor enthusiasm in our first private placement for Health Advocates Network,” stated Kevin Little, Chairman, CEO and co-founder of Health Advocates Network. “While investors in this management team have earned healthy returns on their investments in our start-up ventures over the past twenty-five years, to receive such overwhelming support in a challenging economic environment is extremely gratifying,” added Eddie Albert, co-founder and Director of Mergers & Acquisitions. “Now it’s time to put this growth capital to work.”

Health Advocates Network is focused on consolidating the highly fragmented non-clinical healthcare staffing space. The company began servicing clients in February of this year as a trusted partner in the delivery of much needed essential workers to healthcare facilities. “The operating performance of our first branch has far exceeded our expectations,” added Kevin Little. “Our strategy remains unchanged from prior ventures – execute on an aggressive acquisition agenda to achieve critical mass while growing organically by building de novo offices in key markets.” The company is scheduled to close on its first acquisition later this quarter.

About Health Advocates Network

Health Advocates Network is led by experienced and respected health care staffing executives driven to propel the organization to become one of the most successful staffing companies servicing healthcare clients. The company is built on a foundation of excellence, guided by its core values of quality and career advocacy. Health Advocates Network is headquartered in Boca Raton, Florida.

For more information about Health Advocates Network, visit http://www.hanstaff.com.

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Rigaku Virtual Analytical X-Ray Convention

The event will feature virtual “booths” for X-ray diffraction (XRD), X-ray computed tomography (CT) and X-ray fluorescence (XRF).

THE WOODLANDS, Texas (PRWEB)
July 20, 2020

Rigaku Corporation, a global leader in X-ray analytical instrumentation, is pleased to present a 3-day Virtual Analytical X-ray Convention.

In response to the cancellations of the Microscopy & MicroAnalysis, Denver X-ray, and American Crystallographic Association physical conferences this summer due to the coronavirus (COVID-19) outbreak, Rigaku will present live webcasts of a 3-day Virtual Analytical X-ray Convention from the Rigaku laboratory facility in Texas. The webcasts will take place Tuesday, August 4 through Thursday, August 6, and will feature live seminars on X-ray techniques and live instrument demonstrations.

The event will feature virtual “booths” for X-ray diffraction (XRD), X-ray computed tomography (CT) and X-ray fluorescence (XRF). Participants can visit any booth at any time during the event to view the content, gather information or access the on-demand presentations. There will also be live webcasts and equipment demonstrations given at multiple times throughout the 3-day event, as well as a concierge booth where visitors can ask questions or schedule private demos or training sessions.

Live webcasts will cover a broad range of topics from practical applications, best practices, advanced methods, and the latest developments in X-ray based analytical technology.

Registration information, along with a detailed schedule of events and topics, is available at https://www.rigaku.com/convention/

About Rigaku

Since its inception in Japan in 1951, Rigaku has been at the forefront of analytical and industrial instrumentation technology. Rigaku and its subsidiaries form a global group focused on general-purpose analytical instrumentation and the life sciences. With hundreds of major innovations to their credit, Rigaku companies are world leaders in X-ray spectrometry, diffraction, and optics, as well as small molecule and protein crystallography and semiconductor metrology. Today, Rigaku employs over 1,400 people in the manufacturing and support of its analytical equipment, which is used in more than 90 countries around the world supporting research, development, and quality assurance activities. Throughout the world, Rigaku continuously promotes partnerships, dialog, and innovation within the global scientific and industrial communities.

For further information, contact:

Thomas F. McNulty

Vice President, Materials Analysis SBU

Rigaku Americas Corporation

Tel: 281-362-2300 x207

eMail: Thomas F. McNulty

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“We are excited to endorse KanTime’s enterprise solution for homecare providers in our State,” said John Randone of Visiting Aid.

DALLAS (PRWEB)
July 16, 2020

KanTime, a leader in the post-acute EMR and Electronic Visit Verification industry, signs a strategic partnership with Visiting Aid to leverage their Verification Organization status in the State of New York, as a preferred partner. KanTime continues to expand its footprint in the NY Medicaid market with this partnership.

KanTime is pairing it’s world-class solutions with Visiting Aid as an authority for VO services to deliver New York agencies with a powerful seamless solution to handle all lines of business within the post-acute market. This means that New York agencies have another option to support their care delivery.

Kristen Duell, KanTime’s EVP of Business Development explained, “Partnering with Visiting Aid provides our current KanTime customers in NY with a seamless experience, and one where they can rest assured that they are meeting compliance guidelines as outlined by OMIG in New York State. This also gives agencies another option to leverage a solution that covers the entire post-acute market, seamlessly.”

KanTime’s Enterprise platform supports agencies from the point of referral through intake and into clinical documentation, resulting in seamless billing and quality measures. Our EVV is CURES Act compliant and captures all the required information including type of service performed, the record of the individual receiving the service, date of service provided, location of service delivery, staff providing the service, and the start and end times of the service. Thousands of caregivers utilize the KanTime Mobile application, available online and offline, to easily capture all required EVV information and more such as the geolocation, client signature, tasks performed, and client voice recordings.

John Randone, COO and Founder of Visiting Aid shared, “Our role as a Medicaid Service Bureau and approved Verification Organization is to ensure the proper deployment and integration of Electronic Visit Verification services in New York. We are excited to endorse KanTime’s enterprise solution for homecare providers in our State.”

KanTime will continue to take a leadership role in providing our current customers with alignment in our ever-changing industry, and a big part of that is finding excellent partners like Visiting Aid.

About KanTime:

KanTime Healthcare Software is an American based healthcare technology company that is the fastest-growing post-acute software provider in the nation with over 500,000 patients, 120,000 users, $5.1B in processed claims, and 32M annual visits. We provide cloud-based enterprise software to home health, hospice, pediatric, private duty, and consumer-directed services agencies. KanTime helps agencies improve clinical compliance, increase operations efficiency, and achieve financial success. KanTime works seamlessly on any point of care device be it iOS, Android, or Windows-based, both online and offline. Additionally, KanTime offers robust business intelligence tools that allow upper-level management to drill down into various clinical, financial, and operational KPIs and act accordingly. For more information visit http://www.kantime.com.

About Visiting Aid:

Visiting Aid, LLC is a registered Medicaid Service Bureau and an approved Verification Organization (VO) in New York State. The company provides a cloud based data store for community-based homecare providers to process electronic means of verified services for pre-claim review. This includes but is not limited to contemporaneous telephony verification or contemporaneous electronic data to verify whether a service or item was provided to an eligible Medicaid recipient. The company also offers in house practice management solutions for homecare providers to facilitate daily operations, electronic visit verification (EVV) solutions and integrated institutional billing.

Visiting Aid does not need to be the contracted vendor for EVV services, however the company must ensure the proper deployment and integration of outside EVV vendors in accordance with New York State Social Services Law and the 21st Century CURES Act.

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