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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 »
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 »Schedule a demo
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