Navigating Year Over Year Trends of the Physician Medical Group M&A Market

Navigating Year Over Year Trends of the Physician Medical Group M&A Market

by | Dec 11, 2023 3:58 pm | Physician Medical Groups | 0 comments

The Physician Medical Groups (PMG) market is an industry that we frequently analyze, and for good reason. Coupled with its high deal volume, the sector is brimming with changing trends such as the growth in the cardiology space or how the size of the practices being purchased has changed over time. According to the LevinPro HC database, between January 1, 2023, and November 30, 2023, there were 2,001 healthcare transactions reported, 478 of them in the PMG sector, accounting for approximately 24% of deals. PMGs represent the second largest healthcare sector, with Other Services, a catch-all for ancillary services and companies at 502 transactions. Source: LevinPro HC, December 2023 The... Read More »
Marquee Dental Partners Acquires Three Florida Practices

Marquee Dental Partners Acquires Three Florida Practices

by | May 15, 2023 12:33 pm | Physician Medical Groups, Private Equity | 0 comments

Marquee Dental Partners, a portfolio company of Chicago Pacific Founders, announced on May 11 that it purchased three dental practices in Florida. The practices are Alafaya Family Dentistry in Oviedo; the practice of Dr. Mark Damerau in Palm Beach Gardens; and the practice of John S. Ledakis D.D.S. in West Palm Beach. Marquee Dental Partners is a dental support organization, founded in 2015 with an investment of $35 million. Marquee Dental supports more than 70 offices and more than 100 dentists who care for nearly 300,000 patients annually. Marquee Dental Partners also acquired Parkside Family Dental in 2023.  With the completion of these partnerships, Marquee now supports 28 offices... Read More »
Winter Park Ophthalmology Joins Private Equity-Backed Ascend Vision Partners

Winter Park Ophthalmology Joins Private Equity-Backed Ascend Vision Partners

by | Mar 23, 2023 12:10 pm | Physician Medical Groups, Private Equity | 0 comments

Ascend Vision Partners (AVP), backed by private equity firm Chicago Pacific Founders, announced a partnership with Winter Park Ophthalmology. AVP will perform the business functions for the practice, including legal and regulatory compliance, insurance negotiations, human resources, IT, finance, marketing, legal guidance and more. Terms of the deal were not disclosed. Led by Dr. Rebecca Kurzon, Winter Park Ophthalmology treats patients in Winter Park, Florida, for medical diseases of the eye and provides ocular surgery such as cataract removal and routine exams. Established in 2022, AVP delivers business solutions for eye care professionals. The company’s 300 employees provide eye... Read More »
P3 Health Partners Goes Public

P3 Health Partners Goes Public

by | Jun 1, 2021 9:43 am | Other Services, SPAC | 0 comments

The private equity-backed P3 Health Partners is going public in a multi-billion-dollar merger with a SPAC.  P3 Health Partners is merging with Foresight Acquisition Corp. (NASDAQ: FORE), and the combined company will have an estimated post-transaction enterprise value of $2.3 billion with an estimated equity value of $2.4 billion from the contribution of at least $180 million in cash proceeds from the transaction. P3 Health Partners was a portfolio company of Chicago Pacific Founders, which is exiting its investment in the company.   P3 Health Partners is a patient-centered and physician-led population health management company that supports providers, physicians and practices as they... Read More »

PE Buyers Targeting Dental Groups in 2017

by | Aug 3, 2017 2:46 pm | Other Services | 0 comments

Financial buyers in healthcare services are interested in segments with unyielding demand and little medical risk. No wonder, then, that dental groups have become a major target for these investors, and we’ve got the data to prove it. . Dental group acquisitions remain a solid investment. Since 2014, acquisitions have risen steadily. Through August 1, 2017, 19 dental deals have been announced, a 6% increase compared with 2016’s total of 18 deals. This eight-month total is alread 72% higher than 2015’s total (11), and up 138% from 2014’s total (8). Private equity firms are almost entirely responsible for the ongoing consolidation. In 2017, 53% of buyers were private equity... Read More »