Kauffman Hall’s Q4:25 Physician Flash Report 

Kauffman Hall’s Q4:25 Physician Flash Report 

Kauffman Hall released its Physician Flash Report for Q4:25, which analyzes performance data from more than 200,000 employed physicians and advanced practice providers (APPs) across more than 100 specialties nationwide.   While the report highlights a surge in patient demand and physician productivity, these gains are being offset by intensifying financial pressures. Stagnating compensation growth, dwindling reimbursement rates and increased operating costs have left margins thin, forcing health systems to rely more heavily on APPs to remain profitable.  Here are five key takeaways:   Physician productivity is rising faster than compensation: Physician... Read More »
PE Firm Ampersand Capital Partners Acquires Purna Pharmaceuticals

PE Firm Ampersand Capital Partners Acquires Purna Pharmaceuticals

On February 12, Massachusetts-headquartered Ampersand Capital Partners announced its acquisition of Purna Pharmaceuticals. Purna Pharmaceuticals is an independent Belgian company established in 1986. The company provides contract services for the development and manufacturing of semi-solid, powders and liquid pharmaceutical products that meet GXP standards as well as specific customer-related requirements. Founded in 1988, Ampersand is a middle-market private equity firm with more than $3 billion of assets under management dedicated to investments in the life sciences and healthcare sectors. As part of Ampersand’s broader life sciences portfolio, the investment creates opportunities for... Read More »
HCA Houston Healthcare Tomball Adds Supreme Care ER

HCA Houston Healthcare Tomball Adds Supreme Care ER

HCA Houston Healthcare Tomball announced that it has acquired Supreme Care ER, located on Jones Road in Houston, Texas. Supreme Care ER is a 24/7 freestanding emergency room that provides immediate care for adults and children. The company offers short wait times and on-site, advanced diagnostics, including CT scans, ultrasound and a lab, with board-certified physicians. HCA Houston Healthcare Tomball is part of HCA Houston Healthcare, a family of hospitals serving more than one million patients a year at 13 hospitals within the greater Houston area. HCA Houston Tomball is a full service, 350-bed acute care hospital equipped with a Level III Trauma Center, an accredited Chest Pain Center,... Read More »

LevinPro HC Stat of the Week: Private Equity Investments in the Behavioral Health Care Market

Source: LevinPro HC February 2026 In another preview of our 2026 Healthcare Services Acquisition Report, we’re highlighting private equity (PE) investment activity in the Behavioral Healthcare (BHC) market. Despite deal volume rising for the first time in three years (a 44% increase), PE’s involvement in the BHC space has steadily declined since the high of 61% in 2022 to 32% in 2025. The decline of PE investment in the BHC market has given room for strategic and not-for-profit buyers to make an impact on the industry. Read More »
Innovate 32 Acquires Trivette Osborne & Associates 

Innovate 32 Acquires Trivette Osborne & Associates 

Innovate 32, a portfolio company of Chicago-based private equity group Shore Capital Partners, announced that it was expanding its presence with the acquisition of Trivette Osborne & Associates. This is Innovate 32’s first deal of the year.  Founded in 1963, Trivette Osborne & Associates is a dental practice with one location in Knoxville, Tennessee. According to its website, there are five physicians on staff.  Innovate 32 is a growth-oriented dental services organization based in Nashville, Tennessee. Under the leadership of CEO Josh Johnson and Innovate’s Board of Directors, Innovate 32 is forming partnerships with dental practices throughout the South and... Read More »
BioSyent Acquires Oral Science  

BioSyent Acquires Oral Science  

BioSyent, based in Mississauga, Ontario, announced on February 9 that it entered into an agreement to acquire Oral Science Inc.   The purchase price is $25.5 million CAD cash (nearly $18.8 million USD), as well as 234,192 BioSyent common shares at a price of $12.81 CAD per share ($9.44 USD), representing $3 million CAD, or more than $2.2 million USD, in aggregate.  Oral Science is a privately owned Canadian distributor of specialized healthcare products for dental hygiene and oral health, based in Brossard, Quebec. According to the original deal press release for the trailing twelve months ended September 30, 2025, Oral Science generated gross revenues in excess of $30... Read More »
TheraB Medical Announces Acquisition by Natus Sensory

TheraB Medical Announces Acquisition by Natus Sensory

TheraB Medical announced on February 11 that it has been acquired by Natus Sensory, an ArchiMed company. TheraB Medical is an East Lansing, Michigan-based innovator in wearable phototherapy technology for neonatal jaundice. Its flagship product, SnugLit, delivers comprehensive body coverage in the familiar form factor of an infant swaddle while eliminating the need for eye protection. Its design allows increased clinician and parent interaction, including breastfeeding, without interrupting therapy. TheraB received FDA 510(k) clearance in January 2026 and is backed by various individual angel investors and funds, including Red Cedar Ventures, Healthcare Equity Angels, Michigan Rise, Gulf... Read More »
EMS Management & Consultants Buys RCM Company Health Services Integration

EMS Management & Consultants Buys RCM Company Health Services Integration

EMS Management & Consultants has acquired Health Services Integration (HSI), according to a February 9 press release. Financial terms of the deal were not disclosed. HSI is a specialized air medical billing company dedicated to supporting air medical providers through complex reimbursement, payer relations and revenue integrity. The company was founded in 1999 and is headquartered in Santa Rosa, California. EMS Management & Consultants is a leading provider of revenue cycle management (RCM), compliance and operational solutions for fire, emergency medical services (EMS) and mobile healthcare organizations nationwide. The company supports more than 1,500 fire, EMS and mobile... Read More »
Behind the Deal: Sheridan Capital Partners’ Acquisition of ICANotes

Behind the Deal: Sheridan Capital Partners’ Acquisition of ICANotes

In January, Sheridan Capital Partners, a Chicago, Illinois-based healthcare private equity firm, announced its first acquisition of the year with the purchase of ICANotes. ICANotes is a purpose-built electronic medical record (EMR) platform designed exclusively for behavioral health providers. ICANotes enables clinicians to document care, support compliance and bill at appropriate reimbursement levels. It is based in Baltimore, Maryland.  Sheridan Capital Partners focuses on lower-middle-market buyouts and growth equity in the United States and Canada. Its website notes that it has raised more than $1 billion in capital and invested in 21 different platforms, as of January 2026. ... Read More »
Innovate 32 Acquires Trivette Osborne & Associates 

Smile Doctors Announces 8 Dental Acquisitions 

Smile Doctors announced on February 9 that it ended 2025 with the addition of eight more practices to its network: Phamily Orthodontics in Pennsylvania, Embrace Orthodontics in Minnesota, VanLaecken Orthodontics in South Dakota, GKG Orthodontics in Pennsylvania, Hoch Orthodontics in New Jersey, Seder Orthodontics in Illinois, Adams Orthodontics in Georgia and Caples & Robinson Orthodontics in Louisiana.   Smile Doctors, an orthodontic dental support organization, is a portfolio company of Linden Capital Partners and Thomas H. Lee Partners. It is based in Dallas, Texas.   With these additions, Smile Doctors now supports more than 580 locations across 36 states. The... Read More »