M&A Moves: Farragut North-based Rational 360 acquired Strategic Heights - Technical.ly DC

Growth

Jul. 27, 2020 8:41 am

M&A Moves: Farragut North-based Rational 360 acquired Strategic Heights

Our latest mergers and acquisitions roundup also includes deals from Thomas Circle-based CoStar Group and Arlington, Virginia-based Advantia Health.
The Rational 360 team.

The Rational 360 team.

(Photo via @Rational360 on Twitter)

M&A Moves is a Technical.ly column where we highlight D.C.-area companies completing mergers and making acquisitions to scale their businesses. Have a submission? Email us at dc@technical.ly and tell us why it belongs in the roundup.


Rational 360 acquired Strategic Heights.

Farragut North-based Rational 360, full-service strategic communications and digital agency, has acquired Strategic Heights for an undisclosed amount.

Strategic Heights is a consulting firm that was founded by Joe Lockhart, a former White House press secretary during Bill Clinton’s presidency. As a result of the acquisition, Lockhart joined Rational 360 as a partner and will work with clients as a strategic guide and counselor. He comes to the agency with decades of political, corporate communications and public affairs experience.

“We know our clients will greatly benefit from Joe’s counsel in navigating complicated and complex business and communications challenges,” said Patrick Dorton, CEO and managing partner at Rational 360, in a statement.

CoStar Group completed its acquisition of California-based Ten-X.

Thomas Circle-based CoStar Group, a commercial real estate information and analytics provider and manager of Apartments.com, has completed its $90 million acquisition of Irvine, California-based Ten-X.

Founded 30 years ago, Ten-X is the developer of a platform for conducting commercial real estate auctions online. The company has facilitated $24 billion in transactions since 2009. CoStar Group first announced that it planned to acquire the company back in May. Now that the deal is closed, Costar Group will integrated Ten-X’s platform with its online offerings

Advantia Health acquired D.C.-based Reiter, Hill, Johnson & Nevin.

Arlington, Virginia-based healthcare provider Advantia Health has acquired downtown D.C.-based Reiter, Hill, Johnson & Nevin (RHJN), a comprehensive obstetrics and gynecology practice that’s over 40 years old, for an undisclosed amount.

Founded in 2014, Advantia exclusively focuses on women and maternal health with a tech component allowing its patients to easily access and communicate with their doctors. This acquisition expands Advantia with 20 providers and three clinical locations in D.C.; Chevy Chase, Maryland; and Falls Church, Virginia. This deal closed prior to the COVID-19 pandemic and expands Advantia to the District with its first practice here.

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“Advantia’s leadership and collaboration in the face of COVID-19 has been tremendous,” said RHJN Partner Dr. Heather L. Johnson in a statement, “from helping us secure PPE, to providing real-time updates on regulations and quickly helping us expand telehealth. I can’t imagine weathering this pandemic without their support.”

RHJN doctors will continue to perform surgeries and deliveries at Sibley Memorial Hospital in Northwest DC and the company’s clients have already gained access to Advantia’s offerings, including telemedicine appointments.

This acquisition comes after Advantia secured a $45 million investment from BlueMountain Capital Management and expanding its telemedicine offerings earlier this year. The healthcare provider is also working on opening a women’s health practice Liv by Advantia Health in the U Street NW area in 2021.

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