St. Mary’s Healthcare Acquires Neena Rao Family Health Center
Amsterdam, New York-based St. Mary’s Healthcare announced that it entered into an agreement to acquire Neena Rao Family Health Center. Neena Rao Family Health Center is a primary care practice with one location in Amsterdam, New York. According to its website, there are two physicians on staff: Dr. Govind C. Roa and Robert Bielawa. St. Mary’s Healthcare offers a continuum of services designed to fulfill the total healthcare needs of the community, focusing on offering care at the lowest cost. In addition to its 143-bed hospital, a 160-bed nursing home and a 10-bed acute rehabilitation unit, St. Mary’s provides highly accessible healthcare through its... Read More »
Heartland Dental Acquires Garners Ferry Dentistry
On January 10, Heartland Dental announced its first acquisition of 2025 with the purchase of Garners Ferry Dentistry. Garners Ferry Dentistry is a dental practice with one location in Columbia, South Carolina. The practice is led by Anna Fuller, DMD. Services offered include general dentistry, pediatric dentistry, extractions, dentures and root canals. Heartland Dental is a dental support organization providing non-clinical, administrative support services with more than 2,600 doctors in more than 1,650 locations across 38 states. The company is majority-owned by KKR, a global investment firm. This transaction expands Heartland Dental’s presence in South Carolina. The... Read More »
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 »
