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 »
Center for Vein Restoration acquires Vein Specialists of the Carolinas
Center for Vein Restoration (CVR) announced that it acquired Vein Specialists of the Carolinas. Vein Specialists of the Carolinas is a vascular specialist practice with two locations in the Charlotte, North Carolina MSA: Charlotte and Gastonia. According to its website, the practice is run by two physicians (Dr. David Draughn and Dr. Paul Putterman) who are supported by a team of 20. CVR, a portfolio company of Cortec Group, is one of the largest physician-led practices treating vein disease in the country. With more than 100 centers, CVR has more than 500 employees and conducts more than 200,000 patient interactions annually. By adding Vein Specialists of the Carolinas, CVR is expanding... Read More »
Imagen Dental Partners Acquires Two Dental Practices
Imagen Dental Partners, a dental partnership organization that was founded in 2020, announced that it expanded its presence in Wisconsin and Arizona with two acquisitions. Door County Dental Care is a family dental practice with one location in Sturgeon Bay, Wisconsin. In addition to family dentistry, the practice also offers cosmetic and restorative dentistry services. According to its website, the practice has two providers on staff: Drs. Tyler Hubbard and Regan Luders. Elevation Dental Group, a cosmetic dentistry practice, is based in Scottsdale, Arizona. According to its website, the practice is run by one provider: Dr. Bruce J. Lachot. Imagen Dental Partners joins with dental... Read More »
Dental365 acquires The Art of Dentistry and Spa
Dental365, backed by private equity firm The Jordan Company, announced it acquired The Art of Dentistry and Spa. The Art of Dentistry and Spa is a dental practice in Somerset, New Jersey. The practice offers dental services such as oral surgery, custom dentures and general and cosmetic dentistry. According to its website, the practice has seven providers on staff. Dental365 is a full-service family dental practice and support organization with locations throughout New York, Connecticut, New Jersey, Pennsylvania, New Hampshire, Massachusetts and Rhode Island. Dental365 was acquired by The Jordan Company in July 2021. This acquisition signifies Dental365’s continued commitment to serving... Read More »Tindall Orthodontics Partners with Southern Orthodontic Partners
Southern Orthodontic Partners (SOP) announced that it was expanding its presence in Kansas with the acquisition of Tindall Orthodontics. TUSK Partners advised Tindall Orthodontics in this transaction. The financial terms were not disclosed. Tindall Orthodontics is based in Manhattan, Kansas and, according to its website, has one provider on staff: Dr. Mark Tindall. Based in Nashville, Tennessee, SOP is a portfolio company of Shore Capital Partners. The company works with orthodontic practices to provide expertise in finance, marketing, recruiting, benefits and other practice administration to allow orthodontists to focus on patient care. According to data captured in the LevinPro HC... Read More »Schedule a demo
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