Shopko Optical Acquires Minnesota Ophthalmology Practice in First Deal of 2022

Shopko Optical Acquires Minnesota Ophthalmology Practice in First Deal of 2022

In March, Shopko Optical announced that it had acquired InnoVision Eyecare, an ophthalmology office run by Dr. Gareth Hataye, for an undisclosed price. Shopko Optical, officially Shoptikal LLC, is an affiliate of Monarch Alternative Capital LP. It has a dedicated team of nearly 700 optometrists and opticians. Shopko Optical operates approximately 125 optical center locations across 12 states, primarily in the Midwest and Far West. Shopko Optical has made four eyecare acquisitions since December 2021. InnoVision Eyecare has been providing comprehensive eye care services to patients of all ages since 1994. The company operates eyecare centers in Albert Lea and Austin, Minnesota. Shopko... Read More »
Pinnacle Fertility Acquires Two Fertility Clinics

Pinnacle Fertility Acquires Two Fertility Clinics

In March, Pinnacle Fertility, a fertility care platform founded in Tampa, Florida, announced that it was purchasing two fertility physician medical groups, Advanced Fertility Care in Scottsdale, Arizona and California Fertility Partners in Los Angeles, California. Neither of the prices were disclosed. Backed by Webster Equity Partners, Pinnacle Fertility is the nation’s fastest-growing physician-centric fertility care platform, supporting high-performing fertility clinics and comprehensive fertility service providers nationwide. Under a united mission of fulfilling dreams by building families, Pinnacle clinics offer innovative technology and processes, compassionate patient care, and... Read More »
Another Private Equity Company Ventures into Physician Medical Groups

Another Private Equity Company Ventures into Physician Medical Groups

On March 4, Nordic Capital, a Swedish private equity group, announced that it acquired CARE Fertility, the United Kingdom’s leading fertility clinic group, specifically focusing on IVF treatment.   Nordic Capital is a leader in Nordic private equity investments that has invested upwards of $20 billion in more than 120 companies. While CARE Fertility has been at the forefront of IVF science and clinical technology for over 25 years. The company has an outstanding reputation based on its excellent success rates, high medical standards and clinical leadership. It has 23 locations across the United Kingdom. Global law firm White & Case LLP advised Nordic Capital on the... Read More »
Welsh, Carson, Anderson & Stowe Acquires Majority Stake in LIBERTY Dental Plan Corporation

Welsh, Carson, Anderson & Stowe Acquires Majority Stake in LIBERTY Dental Plan Corporation

Early in March, Welsh, Carson, Anderson & Stowe (WCAS), a private equity firm based in New York, announced that it was acquiring the majority stake in LIBERTY Dental Plan Corporation. Anthem, Inc. (NYSE: ANTM), a leading health company and a LIBERTY customer since 2010, will also become a minority investor. The terms of the deal were not disclosed.   LIBERTY is a dental benefits administrator founded by dentists and health industry professionals in 2002. LIBERTY currently administers dental benefits in all 50 states, including on behalf of 5.8 million Medicaid, Medicare Advantage, commercial and exchange members. It was founded in 2001. Established in 1979, Welsh, Carson,... Read More »
Another Private Equity Company Ventures into Physician Medical Groups

Revelstoke Capital Partners Invests In Primary Care

​​Revelstoke Capital Partners, a Denver-based private equity firm focused on investing in healthcare services companies, announced that it has invested in ClareMedica Health Partners, LLC, a Florida-based leader in value-based primary care serving Medicare Advantage members. Revelstoke Capital Partners is a private equity firm specializing in the healthcare and business services sectors. Revelstoke is based in Denver, Colorado and has approximately $4.3 billion of assets under management. Since the firm’s inception in 2013, Revelstoke has completed 142 acquisitions, which includes 25 platform companies and 117 acquisitions. ClareMedica is a growing health care company that provides... Read More »
Family Allergy & Asthma Expands in Pennsylvania

Family Allergy & Asthma Expands in Pennsylvania

Family Allergy & Asthma announced that it acquired the practice of Allergy & Asthma Specialists, based in Philadelphia. Allergy & Asthma Specialists was founded in 1989 and has 10 physicians at eight offices in Philadelphia, Bucks and Montgomery counties. Family Allergy & Asthma of Louisville has 74 physician offices in six states (Arkansas, Indiana, Kentucky, Ohio, Pennsylvania and Tennessee). The practice first expanded into Pennsylvania last August through its acquisition of Allergy & Asthma Consultants, which has offices in York and Hanover.  This acquisition strengthens Family Allergy & Asthma’s position in Pennsylvania. Allergy & Asthma Specialists... Read More »