SGMC Health Expands Physician Network Via Acquisition

SGMC Health Expands Physician Network Via Acquisition

SGMC Health ended May 2024 by announcing the expansion of its SGMC Physician Network via the acquisition of the Urology Clinic of Valdosta (UCV). According to data captured in the LevinPro HC database, this acquisition represents the 216th Physician Medical Group transaction of 2024, and the third in the urology specialty. UCV was founded in 1989 to provide patients with urological health care in Valdosta, Georgia and the surrounding counties. According to its website, the company has two providers on staff. Opening as Pineview Hospital in 1955 and known as South Georgia Medical Center since 1971, SGMC Health is a not-for-profit comprehensive health system serving South Georgia and North... Read More »
Ascend Plastic Surgery Partners Adds Tallahassee Plastic Surgery Clinic to Network

Ascend Plastic Surgery Partners Adds Tallahassee Plastic Surgery Clinic to Network

Ascend Plastic Surgery Partners, an Atlanta-based management services organization, announced the addition of Tallahassee Plastic Surgery Clinic to its network of practices. Tallahassee Plastic Surgery Clinic provides aesthetic and reconstructive surgery in Tallahassee, Tennessee. According to its website, the practice has three plastic surgeons on staff. Ascend Plastic Surgery Partners was formed by private equity firm Sheridan Capital Partners in October 2023. The plastic surgery firm has practices in Birmingham, Alabama, Tuscaloosa, Alabama, Greenville, South Carolina, Lindon, Utah and Las Cruces, New Mexico. Tallahassee Plastic Surgery Clinic was advised by Physician Growth Partners.... Read More »
Evergreen Nephrology Acquires Western Nephrology 

Evergreen Nephrology Acquires Western Nephrology 

On May 15, Evergreen Nephrology announced that it acquired Western Nephrology.   Western Nephrology provides nephrology services out of one location in Wheat Ridge, Colorado. Its services include clinical services and all forms of dialysis. According to its website, the practice has 16 physicians on staff.  A portfolio company that was launched by Rubicon Founders, Evergreen Nephrology partners with nephrologists to provide the financial backing to take on increased cost of care risks associated with value-based care, which offers financial incentives to physicians, health systems and other providers based on quality of care.  Western Nephrology is the third nephrology... Read More »
Golden State Dermatology Acquires California Skin Surgery Center 

Golden State Dermatology Acquires California Skin Surgery Center 

Golden State Dermatology (GSD), a portfolio company of growth capital private equity firm, Sorenson Capital, announced that it acquired California Skin Surgery Center.   California Skin Surgery Center is operated by Dr. Gregory M. Bricca, who works out of one location in Roseville, California.  GSD is physician-owned and led and is rapidly growing with more than 35 locations more than 100 providers across California. GSD’s services include dermatology, cosmetics, Mohs surgery for skin cancer, pathology and plastic surgery.  This is GSD’s fourth acquisition in 2024. The financial terms were not disclosed.  According to data captured in the LevinPro HC database, this... Read More »
Evergreen Nephrology Acquires Western Nephrology 

An Overview of the Internal Medicine M&A Market

The internal medicine specialty, within the Physician Medical Group (PMG) sector, isn’t particularly known for its M&A activity. In fact, it’s considered one of the less active subsectors, averaging approximately 8% of the PMG totals. Yet, internal medicine’s M&A volume has increased substantially between 2018 and 2023, making it an interesting specialty to look into.  According to data captured in the LevinPro HC database, in 2018, eight eight internal medicine transactions were reported, which more than doubled in 2019 and 2020 when 19 and 25 deals were reported, respectively. There was another surge of deal activity in 2021 with 40 transactions and a slight increase to 41... Read More »
MB2 Dental Acquires Scheich Family Dentistry 

MB2 Dental Acquires Scheich Family Dentistry 

On May 7, MB2 Dental Solutions announced that it was expanding its presence in Colorado with the acquisition of Scheich Family Dentistry.  Scheich Family Dentistry is a dental practice with one location in Castle Pines, Colorado. According to its website, the practice is run by a dedicated team of three providers.  MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners since February 2021, partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery.  This transaction marks MB2’s 25th acquisition of 2024, expanding its presence by... Read More »