OneOncology Buys United Urology Group from Audax Private Equity
OneOncology, which is backed by TPG Capital and AmerisourceBergen, announced on August 20 its acquisition of United Urology Group (UUG) from Audax Private Equity. This is OneOncology’s first acquisition in the urology specialty as the company branches out from oncology practices. UUG is a urology physician practice management company. It manages clinical offices and ambulatory surgical centers that provide general urologic care in addition to ancillary service lines including surgical centers, pharmacy, radiation therapy and a pathology lab. UUG was founded in 2006 and is based in Owings Mills, Maryland. UUG supports approximately 250 physicians and advanced... Read More »
Smile Partners USA Acquires Bridgemill Dentistry
Smile Partners USA, backed by Evanston, Illinois-based private equity firm Silver Oak Services Partners, announced that it acquired Bridgemill Dentistry. Bridgemill Dentistry is a family and cosmetic dentistry practice with one location in Canton, Georgia. According to its website, the practice is run by two physicians: Dr. Scott Merritt and Dr. L. Michael Cox. It was founded in 2002. Smile Partners USA is a management support organization that offers back-office resources and services to premier, independent private dental practices and boutique group practices throughout Michigan, Georgia, Illinois and Alabama. This transaction represents Smile Partners... Read More »
Rural Healthcare Group acquires Stewardship Health for $245 Million
Rural Healthcare Group, backed by New York-based private equity firm Kinderhook Industries, announced that it entered into an agreement to acquire Stewardship Health. Steward Medical Group and Steward Health Care Network are combined to create Stewardship Health. Stewardship is a physician-led multispecialty organization offering primary care and specialty services which includes Steward Emergency Physicians of Ohio, Inc., and Steward Emergency Physicians of Pennsylvania, Inc. According to the press release, the network consists of more than 1,700 physicians across 11 states including Ohio, Pennsylvania and Massachusetts. Rural Healthcare Group is a multi-site primary care... Read More »
Huff Orthopedics & Sports Medicine Joins Cape Fear Valley Health
Cape Fear Valley Health, a North Carolina-based health system, announced that it entered into an agreement to acquire Huff Orthopedics & Sports Medicine. Huff Orthopedics & Sports Medicine is an orthopedic practice with one location in Clinton, North Carolina. According to its website, the practice has one provider on staff (Dr. W. Alexander Huff) who is supported by a team of three physician assistants. Cape Fear Valley Health System operates a regional health system with multiple hospital types including rehabilitation hospitals and behavioral health hospitals. According to its website, the health system has approximately 530 physicians on staff that are spread across... Read More »
Debt Market and Private Equity: A Conversation with Scott Davis
As we reflect on the first half of the year, we took the opportunity to delve into the key highlights of the Physician Medical Group (PMG) industry. In an insightful conversation with Scott Davis, Managing Director at Provident Healthcare Partners, we explored the major themes that have shaped the year’s journey so far. Q: What were the major headwinds and tailwinds impacting the PMG market in the first half of 2024? How has this changed from 2023? A: Debt markets continue to be a headwind for the formation of new platforms, with many investors over equitizing investments to fill the gap and/or needing to take a club lending model to fill the financing needs of a given deal.... Read More »Schedule a demo
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