StrideCare Acquires Texas Center for Interventional Surgery

StrideCare Acquires Texas Center for Interventional Surgery

StrideCare announced on June 16 that it acquired Texas Center for Interventional Surgery (TCIS). According to data captured in the LevinPro HC database, this transaction marks the 16th ambulatory surgery center acquisition of 2023.  TCIS is a medical facility specializing in minimally invasive interventional procedures. The company is based in Addison, Texas, right outside of Dallas. Its procedures include ablations, implanting/removing PICC/central lines, ports and aspire catheters, biopsies and kyphoplasty. Based in Dallas, Texas, StrideCare is a multi-specialty physician group focused on improving patient lives by offering value based comprehensive lower extremity care. This... Read More »
KKR-Backed Covenant Physician Partners Adds a New ASC in Southern California

KKR-Backed Covenant Physician Partners Adds a New ASC in Southern California

Covenant Physician Partners, a portfolio company of KKR, announced on June 6 its merger with Wilshire Center for Ambulatory Surgery. Wilshire Center for Ambulatory Surgery is an ambulatory surgery center (ASC) in Los Angeles, California. The ASC has two operating rooms. Covenant Physician Partners is a national physician services organization operating in 20 states in partnership with 70 practices and nearly 850 providers. It delivers a full range of administrative and clinical support functions to its partnered physicians and their staff. Covenant provides patient care in nine ASCs and seven physician practice locations throughout California. The addition of the Los Angeles MOB expands... Read More »
Capitol Pain Institute Completes Four Acquisitions

Capitol Pain Institute Completes Four Acquisitions

Capitol Pain Institute (CPI), a portfolio company of Iron Path Capital, announced that it completed four transactions.  Springs Rehabilitation is operated by Dr. Kenneth P. Finn and Janel Sharp Moreno. In addition to rehabilitation services, the practice provides pain management services. It is based in Colorado Springs. According to data captured in the LevinPro HC database, this marks the 15th Rehabilitation transaction of the year.  Bolstering its Physician Medical Groups (PMG) portfolio, CPI acquired The Peak Physical Medicine as well as Spinal Diagnostics and Regenerative Medicine. The Peak Physical Medicine operates out of one Colorado Springs location and is run by one... Read More »
KKR-Backed Covenant Physician Partners Adds a New ASC in Southern California

Montecito Medical Acquires ASC in Dallas-Fort Worth MSA

Montecito Medical Real Estate announced on March 22 its acquisition of a 14,600-square-foot ambulatory surgery center (ASC) in Granbury, Texas. The property is 100% leased to Baylor Scott & White Surgicare in Granbury. Physicians at the multispecialty surgery center, which includes four operating rooms, perform gastroenterology, neurology, ENT, ophthalmology, orthopedics, urology, pain management and podiatry procedures. The acquisition in Granbury expands Montecito’s footprint in the greater Dallas-Fort Worth MSA. Since the beginning of 2021, the company has acquired 15 medical office properties in the region. Terms of the deal were not disclosed. Montecito Medical specializes in... Read More »
Rising Interest Rates, Banking Uncertainty Could Limit Capital Needed for Healthcare Real Estate M&A Activity

Rising Interest Rates, Banking Uncertainty Could Limit Capital Needed for Healthcare Real Estate M&A Activity

While healthcare real estate has proven to be an increasingly attractive investment in recent years, mergers and acquisitions deal volume in 2023 may fail to reach last year’s record. “We believe that overall volume will be healthy given the continued demand for healthcare real estate, but will be lower than previous years’ historic highs,” said Cornerstone Companies senior vice president of investments Ted Baker. His company’s holdings include approximately 55 medical office buildings and surgery centers with an aggregate value above $500 million. “My guess is that we see less of [the] larger trades and more single-asset deals [and] lower overall volumes,” Baker said.  There were 120... Read More »
Unifeye Vision Partners Expands With Premier Surgery Center Partnership

Unifeye Vision Partners Expands With Premier Surgery Center Partnership

Unifeye Vision Partners (UVP), a portfolio company of private equity firm Waud Capital Partners, announced on March 3 the completion of a strategic partnership with Premier Surgery Center, an ambulatory surgery center (ASC) in Santa Maria, California. This represents UVP’s fifth ASC in the state of California and the 17th member of the growing UVP community. Terms of the deal were not disclosed. Founded in 2007 by physician partners from Pacific Eye Surgeons, Shepard Eye Center, California Retinal Consultants, ADV Vision and Central Coast Retinal, the ASC serves patients in Santa Barbara and San Luis Obispo counties. The 13 physicians and their team treat ophthalmology, ENT and... Read More »