Ascend Partners’ Portfolio Company Acquires Metzger Comprehensive Care
On September 25, Medical Specialists of the Palm Beaches (MSPB) announced its acquisition of a one-physician practice: Metzger Comprehensive Care. Metzger Comprehensive Care is a concierge medicine practice in Boca Raton, Florida. The practice is run by Dr. Charles Metzger. Backed by Ascend Partners, MSPB is a primary care-focused, multi-specialty physician group practice in South Florida. It has a team of more than 95 providers and more than 35 offices across the state. This transaction is MSPB’s third acquisition in 2023 and adds to MSPB’s concierge services. The financial terms of the acquisition were not disclosed. According to data captured in... Read More »
Flourish Research Acquires Valley Clinical Trials
Flourish Research, backed by private equity firm NMS Capital, announced its acquisition of Valley Clinical Trials, based in the Los Angeles suburb of Northridge, California. The financial terms of the transaction were not disclosed. Valley Clinical Trials is a leading clinical research site with three locations in California that specialize in cardiology, metabolic and related therapeutic areas. Since its founding in 2010, Valley has rapidly grown into a leading multi-site clinical trials company serving a broad and diverse population of patients in Los Angeles County. Launched in 2021. Flourish Research is a clinical trial site network. The company has sites throughout... Read More »
The Dermatology Specialists Acquires Delaware Valley Dermatology
The Dermatology Specialists, based in New York City, announced its acquisition of Wilmington, Delaware-based Delaware Valley Dermatology. Led by Dr. Michael Saruk, MD, FAAD, Delaware Valley Dermatology has been providing dermatologic care for more than two decades. Dr. Saruk, according to the practice’s website, is supported by a staff of two employees. The Dermatology Specialists was established in 2019 and has since grown to become one of the largest dermatology groups in New York City. With more than 100 providers. The company cares for more than 500,000 patients each year out of more than 40 locations. It offers a comprehensive range of medical, cosmetic... Read More »
Murphy Canyon Acquisition Corp. Merges with Conduit Pharmaceuticals
Murphy Canyon Acquisition Corp. (MURF) announced on September 22 the completion of its previously announced merger with Conduit Pharmaceuticals Inc. for a pro forma enterprise value of approximately $720 million. According to data captured in the LevinPro HC database, this transaction represents the 79th Pharmaceuticals transaction of the year. Conduit is a disease agnostic life science company providing an efficient model for compound development. Conduit acquires assets that are Phase II-ready and then seeks an exit through third-party license deals following successful clinical trials. Led by a team of pharmaceutical executives, it was established to fund the development of... Read More »
Shore Capital-Backed SENTA Partners Acquires Advanced ENT and Allergy
Southern Ear Nose Throat & Allergy (SENTA) Partners, a portfolio company of private equity firm Shore Capital Partners, has announced a new partnership with Advanced ENT and Allergy, with locations in Kentucky and Indiana. Advanced ENT and Allergy is a leading ear, throat & nose (ENT) and allergy practice in the Southern United States, with nearly 170 employees across six locations. According to its website, there are 14 physicians on staff. Founded in 2019, SENTA Partners is an ENT and allergy management services organization with more than 930 employees, including 180 providers across 66 locations in seven states. This partnership further solidifies SENTA’s... Read More »
Ivy Rehab Expands in Illinois with PTSIR Deal
Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, has announced a partnership with Physical Therapy and Sports Injury Rehabilitation (PTSIR). Established in 1976, PTSIR is one of the nation’s oldest physical and occupational therapy practices based in the Greater Chicago area. Founded in 2003, Ivy Rehab is a network of outpatient physical, occupational and speech therapy and ABA clinics throughout the United States. The acquisition of PTSIR expands Ivy Rehab’s footprint in the Chicago MSA. Financial terms of the deal were not disclosed. According to data captured in the LevinPro HC database, this transaction... Read More »
Montecito Medical Acquires Tucson, Arizona MOB
Montecito Medical Real Estate announced on September 21 the acquisition of a 14,000-square-foot medical office building (MOB) in Tucson, Arizona for an undisclosed price. The acquisition of the property expands Montecito Medical’s existing footprint in Arizona. The property is fully occupied by Arizona Urology Specialists, the region’s premier urology practice, serving patients at 10 medical offices throughout Phoenix, Scottsdale, Glendale and Mesa, Arizona. The group uses the MOB property to deliver a variety of urology-related services. The building includes specialized space that houses a Linear Accelerator and CT scanner. Montecito Medical specializes in... Read More »
New Day Healthcare Acquires AdvantageCare Home Health
Fairview, Texas-based New Day Healthcare has acquired AdvantageCare Home Health, a Hughes Springs, Texas-based senior home health and personal care provider. AdvantageCare has been serving clients in the area since 2008. New Day Healthcare was formed in 2020 by G. Scott Herman and a group of home health, home care and hospice leaders. New Day Healthcare is committed to building a home care delivery network focused on managing the fragmented home care environment and delivering a continuum of care to patients in need. New Day has 21 locations across Texas, Missouri, Kansas and Illinois. It serves nearly 82,000 patients annually and employs about 6,200 employees. In 2021, the company secured... Read More »