Economic and Election Uncertainty Slows 2024 Physician Group M&A Activity
The Physician Medical Group (PMG) sector experienced a decline in deal volume throughout the year. In 2024, 473 PMG deals were announced, a 12% decline from the 537 PMG deals announced in 2023 and a 24% decrease from the 622 deals reported in 2022. In the fourth quarter of 2024, there were 101 PMG deals, which is the slowest quarter for the year. Some advisors that the LevinPro HC team has spoken to throughout the year have noted several significant factors contributing to the decline in PMG deal volume. Common themes that advisors cited were uncertainty surrounding the election, an unstable economy, higher interest rates and even heightened scrutiny surrounding private equity... Read More »
Branford Castle Expands In New Jersey
Branford Castle announced its first acquisition of 2025 with the purchase of Eastern Dental Management for an undisclosed price. The seller was Staple Street Capital, a private investment firm. Eastern Dental Management is a dental service organization (DSO) based out of 20 locations across New Jersey. It was founded more than 30 years ago. Branford Castle is a New York-based private equity firm focused on lower middle-market investments, with more than 35 years of helping to grow businesses. The company typically makes control investments in companies with up to $15 million of EBITDA and a leadership position in a niche industry. Branford Castle was advised by its legal... Read More »
Allied OMS Acquires Parkway Oral Surgery & Dental Implant Center
Allied OMS, a portfolio company of Chicago-based private equity firm DuneGlass Capital, announced its first acquisition of 2025 with the purchase of Parkway Oral Surgery & Dental Implant Center. Parkway Oral Surgery & Dental Implant Center is an oral surgery practice with one location in Houston, Texas. According to its website, there are two physicians on staff: Dr. Laith Mahmood and Dr. Duc Lam. Allied OMS is a doctor-owned, doctor-led management services organization in the oral and maxillofacial surgery space. Headquartered in Southlake, Texas, Allied OMS has 41 surgeons serving patients out of 36 locations across California, Colorado, New York, Oregon, Texas... Read More »
Lehigh Valley Health Network Acquires 30-Physician Gastroenterology Practice
Lehigh Valley Health Network (LVHN) announced it was strengthening its foothold in Pennsylvania with the acquisition of Eastern Pennsylvania Gastroenterology and Liver Specialists (EPGI). EPGI maintains four locations in Pennsylvania located in the Lehigh, Northampton, Monroe and Lackawanna counties. In addition to providing colonoscopy and advanced endoscopy services, EPGI clinicians treat a broad range of gastrointestinal illnesses, including gastroesophageal reflux disease, inflammatory bowel disease and celiac disease. According to the press release, there are nearly 30 physicians on staff. LVHN includes eight hospital campuses, more than 140 physician practices, 21 urgent... Read More »
Novant Health Acquires Southeastern Spine Institute
Novant Health, based in Winston-Salem, North Carolina, announced that it acquired Mount Pleasant, South Carolina-based Southeastern Spine Institute (SSI) for an undisclosed price. Since it was established in 1990, SSI has provided a wide range of spine procedures, including surgery and nonsurgical care, rehabilitation, pain management, physical therapy and advanced imaging. More than 50% of SSI’s patients are from outside the greater Charleston, South Carolina area. SSI is located in a 65,000-square-foot facility on the campus of East Cooper Medical Center. According to its website, the practice has six providers on staff. Novant Health is a not-for-profit... Read More »Schedule a demo
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