McKesson Acquires CORE Ventures for $2.49 Billion
McKesson Corporation, based in Irving, Texas, announced that it entered into an agreement to acquire Community Oncology Revitalization Enterprise Ventures, LLC (Core Ventures) for $2.49 billion, representing approximately 70% ownership. Core Ventures is a management services organization. It was established by Florida Cancer Specialists & Research Institute, LLC (FCS), a leading physician-owned community oncology practice. FCS is an oncology practice with more than 250 physicians and 280 advanced practice providers, across nearly 100 locations in Florida. McKesson Corporation distributes pharmaceuticals and provides health information technology, medical supplies and care... Read More »
Behind the Deal: PGP Advises On CVAUSA Acquisition
Physician Growth Partners (PGP), a physician-focused advisory firm based in Chicago, Illinois, recently played a major role in the acquisition of two physicians by Cardiovascular Associates of America (CVAUSA). The two physicians, Drs. Ken Zelnick and Kathir Subramanian, offer high-quality cardiology services out of Fort Lauderdale, Florida. Along with two other unnamed providers, Drs. Zelnick and Subramanian deliver comprehensive diagnostic, medical and procedural services. CVAUSA, formed by Waltham, Massachusetts-based private equity firm Webster Equity Partners in 2021, is a physician management services organization. Through CVAUSA’s physician-centered... Read More »
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 »Schedule a demo
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