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

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 »
RC Capital Acquires James River Cardiology

RC Capital Acquires James River Cardiology

Cincinnati-based private equity firm, RC Capital, announced on May 31 that it acquired James River Cardiology. By partnering with James River Cardiology, RC Capital formed Aligned Cardiovascular Partners. Provident Healthcare Partners advised James River Cardiology and Kaufman & Canoles served as the legal counsel, while McDermott Will & Emery LLP served as legal counsel to RC Capital. The financial terms of the deal were not disclosed. James River Cardiology operates out of six locations in the Richmond, Virginia MSA. According to its website, the practice is run by a team of eight physicians and a support staff of nine nurses and physician assistants. Founded in 1994, RC Capital... Read More »
MB2 Dental Solutions Acquires Nine Practices

MB2 Dental Solutions Acquires Nine Practices

MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners, announced that it expanded its presence with the acquisition of nine practices.  The acquired practices are M Street Dental in Auburn, Washington; Canyon Crest Dental in Riverside, California; Diamond Lakes Dental in Hot Springs, Arkansas; Creating Smiles Dental in Clearwater and St. Petersburg, Florida; Clear Creek Family Dental in Rogersville, Ash Grove and Strafford, Missouri; Central Ohio Roots Canals in Pickerington, Ohio; Shelton Dental Excellence in Shelton, Washington; Foothill Dental in Salt Lake City, Utah; and Pasadena Family Dentistry in Pasadena, Texas.  MB2... Read More »
​​Anne Arundel Dermatology Acquires Two Dermatology Clinics and One Dermatology Laboratory

​​Anne Arundel Dermatology Acquires Two Dermatology Clinics and One Dermatology Laboratory

Anne Arundel Dermatology Management (ADM) announced on December 14 that it purchased North Atlanta Dermatology and Dermatology Institute for Skin Cancer & Cosmetic Surgery, as well as the dermatology laboratory, SkinPath Solutions. ADM, a portfolio company of Ridgemont Equity Partners, is the largest dermatology provider in Maryland, with 19 locations and more than 35 providers offering general dermatology, advanced skin cancer treatments and cosmetic procedures. SkinPath Solutions is a privately owned, independent laboratory specializing in the diagnosis of skin, hair and nail disorders of all types. SkinPath serves clients across the Southeast with dermatopathologists licensed in... Read More »
One GI Acquires The Colon, Stomach, and Liver Center & Loudoun Endoscopy Group

One GI Acquires The Colon, Stomach, and Liver Center & Loudoun Endoscopy Group

Germantown, Tennessee-based One GI announced on November 30 that it purchased The Colon, Stomach, and Liver Center, LLC & Loudoun Endoscopy Group, LLC. This marks One GI’s fifth acquisition of the year. Goodwin Procter LLP served as exclusive legal counsel to One GI, and Alvarez & Marsal’s Global Transaction Advisory Group, LLC provided key diligence. Cascadia Capital served as the financial advisor to CSL, and K&L Gates LLP served as legal counsel. The financial terms of the acquisition were not disclosed. One GI is a gastroenterology management services organization formed by Webster Equity Partners in April 2020. One GI partners with GI physicians to help them manage,... Read More »