Hildred Capital Management Acquires AleraCare
New York-based private equity firm Hildred Capital Management announced on May 2 that it entered into an agreement to acquire AleraCare for an undisclosed price. AleraCare is a provider of infusion and specialty pharmacy services. Founded in 2019, AleraCare’s core lines of business includes infusions at ambulatory infusion centers, home infusion therapy, specialty pharmacy and compounding pharmacy. It has more than 35 locations in the western United States. Hildred Capital Management pursues growth equity investments in lower middle market healthcare companies with leading products, technologies and services. AleraCare will use the capital provided by Hildred to further enhance its... Read More »
Quadria Capital Acquires Majority Stake in Straits Orthopaedics
Quadria Capital has announced the acquisition of a majority stake in Straits Orthopaedics from its founder, Mr. T.H. Su, and Apex Healthcare Bhd. Kirkland & Ellis advised Quadria Capital on the debt financing for its acquisition. Under the terms of the agreement, Apex Healthcare Bhd and Su have agreed to reinvest a substantial portion of their sales proceeds back into the company as minority-stake partners. As part of the deal, Su has been reappointed as the CEO and director of the company for the next five years. Financial terms of the deal were not disclosed. Founded in 2003, Straits Orthopaedics manufactures a range of orthopedic-focused medical device solutions for blue-chip... Read More »
Pinehurst Medical Expands in Sanford, North Carolina With Facility Acquisition
Pinehurst Medical Clinic purchased a medical office building (MOB) in Sanford, North Carolina for $1.895 million, according to a deed filed on April 21. The transaction expands Pinehurst Medical Clinic’s presence in Sanford, North Carolina. Nichole Etowski, director of business development for Pinehurst Medical Clinic, said the company will continue to provide cardiology and dermatology services at the Sanford MOB and will eventually relocate cardiology services from another facility in Sanford. Based in Pinehurst, North Carolina, Pinehurst Medical Clinic provides primary and specialty care to Moore County, North Carolina and surrounding areas. Founded in 1952, the company has more... Read More »
On Site Medical Acquires Tucson-Based 10-4 Medical
On Site Medical announced on April 25 its acquisition of 10-4 Medical, a healthcare provider based in Tucson, Arizona. During the transition, services for patients will continue without interruption. Patients will also have access to new services, including 24-7, on-site dispatched care, on-site training and education and on-demand telehealth. Financial terms of the deal were not disclosed. 10-4 Medical offers comprehensive occupational care, primary care, screenings and mental health services for first responders. On Site Medical is an Arizona-based provider of on-site occupational healthcare solutions including rapid response first aid for workplace injuries, on-site clinics for... Read More »
Stonemont Financial Group Acquires Two Oncology Centers
Stonemont Financial Group announced it closed on the acquisition of two oncology centers in Greensboro and Hawkinsville, Georgia. Stonemont has plans to implement a capital improvement plan on the exterior of the buildings, which will increase the longevity of the properties for the tenant. Work will be completed within the next year. Terms of the deal were not disclosed. The two properties include an 11,271-square-foot comprehensive cancer treatment center at 1000 Cowles Clinic Way in Greensboro in the Lake Oconee community, and a 10,212-square-foot medical office building on the Taylor Regional Hospital Campus in Hawkinsville. Both buildings are fully occupied by Northside Hospital... Read More »Schedule a demo
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