Cincinnati Children’s Hospital Broadens Foothold with Acquisition of West Chester Pediatrics
Cincinnati Children’s Hospital Medical Center announced on August 11 that it will acquire West Chester Pediatrics for an undisclosed amount. The acquisition will take effect on October 24, 2022. Founded in 1992, West Chester Pediatrics has one location in West Chester, Ohio, a suburb of Cincinnati. It provides a variety of pediatric services from vaccines to regular checkups. Through its two physicians, it serves more than 2,000 patients. Cincinnati Children’s Hospital Medical Center, a nonprofit academic medical center established in 1883, is one of the oldest pediatric hospitals in the U.S. With more than 650 inpatient pediatric beds, it has 26 locations that serve the Cincinnati... Read More »
PE-Backed Pinnacle Fertility Acquires Seattle Fertility Clinic
Pinnacle Fertility announced on July 27 that it acquired Seattle Reproductive Medicine, marking the 17th fertility acquisition of the year. The financial terms of the transaction were not disclosed. Seattle Reproductive Medicine (SRM) operates six locations in Washington state. It has welcomed more than 12,000 babies into the world and frozen nearly 37,000 eggs. Currently, it employs 29 physicians. Backed by Webster Equity Partners, Pinnacle Fertility supports high-performing fertility clinics and comprehensive fertility service providers nationwide. Pinnacle clinics offer innovative technology and processes and comprehensive fertility treatment services, ensuring families... Read More »
Physician Medical Group M&A Activity Rises 5% in Q2:22
M&A activity in the Physician Medical Group (PMG) sector rose in Q2:22, reaching 142 publicly announced deals, which is a 5% increase from Q1:22 that saw 135 deals and a 35% increase from Q2:21 that saw 105 deals, according to LevinPro HC. This indicates that the PMG M&A market is not only stable but growing. However, while deal quantity shot up, disclosed spending was down by a fair amount. In Q2:22, disclosed spending barely reached $386 million, which is a major reduction from the previous quarter that had more than $1.5 billion in total disclosed sale prices. It is even a decline from Q2:21 that saw $489.2 million in announced prices. The largest PMG deal of the quarter was... Read More »
Harvest Partners’ Dental Care Alliance Expands Into New York and Texas
Dental Care Alliance announced that it acquired Nevid Dental in Pawling, New York, and Burleson Pediatric Dentistry in Burleson, Texas, for undisclosed prices. The acquisitions mark Dental Care Alliance’s fifth and sixth deals of 2022 and the company’s 11th deal in the LevinPro HC database. Founded in 1991 and headquartered in Sarasota, Florida, Dental Care Alliance (DCA) is a portfolio company of Harvest Partners, LP. DCA is one of the largest multi-branded dental support organizations in the U.S., with 380 affiliated dental offices and more than 775 dentists across 21 states. DCA’s allied practices represent all dental specialties and treat patients under more than 140 brand names. Nevid... Read More »