American Pain Consortium Gets Recapitalized
On January 3 it was announced that American Pain Consortium (APC) was being recapitalized by Cresset Partners, Cedar Pine and American Discovery Capital (ADC). The financial terms were not disclosed. APC is a leading interventional pain management practice, formed by the combination of certain assets of Shadeland Anesthesia & Pain Associates, Inc., P.C., the Center for Special Surgery, LLC and the Center for Southside Surgery. Cresset Partners is a private equity firm based in Chicago, Illinois. The firm seeks to invest in the financial services, healthcare, technology, education, business and consumer service sectors. Cedar Pine is a private investment firm... Read More »
Guardian Dentistry Partners Acquires Raleigh Dental Practice
Guardian Dentistry Partners announced that it was acquiring a dental practice in Raleigh, North Carolina run by Elisabeth Gerics, DDS. Guardian Dentistry Partners is a dental support organization (DSO) that provides services and growth opportunities for its network of dentist partners. Founded in 2018, the DSO has more than 100 offices in Alabama, Florida, Michigan, New Jersey, New York, North Carolina, South Carolina, Pennsylvania, Texas, Maryland and Virginia. According to data captured in the LevinPro HC database, 166 dental transactions were reported in 2023. This is the fifth practice Guardian Dentistry acquired in 2023. The financial terms were not... Read More »
Carl Larson Cancer Center Joins Vandalia Health
Carl Larson Cancer Center has joined Vandalia Health to provide a greater procedure capacity and expand available services to the community. The center will be renamed CAMC Cancer Center-Beckley. Carl Larson Cancer Center offers cancer care services from one location in Beckley, West Virginia. It provides oncology, hematology, chemotherapy, radiation therapy, diagnostic laboratory and diagnostic imaging services. The center was created in 1986 and features three physicians, 11 advanced practice professionals and support staff, according to its website. Vandalia Health System was formed through the merger of Charleston Area Medical Center Health System and Mon Health System in... Read More »
Top Physician Medical Group Deals of 2023
The Physician Medical Group (PMG) market experienced a decline in deal activity, totaling 515 transactions, compared to the 621 in 2022. The transactions varied in size and buyer time, with many of them small or independent practices getting purchased by large private equity groups. Here are the top five PMG transactions of the year. TPG Capital and AmerisourceBergen, both private equity groups, teamed up to purchase OneOncology, Inc. for $2.1 billion in April. In addition to being the largest PMG purchase price of the year, OneOncology has more than 700 physicians on staff which is an impressive number, adding to its attractiveness for buyers. The seller, private equity... Read More »
U.S. Oral Surgery Management Expands in Seven States
U.S. Oral Surgery Management (USOSM) is ending 2023 with a big announcement. It has added eight new partnerships across seven states: California, Colorado, Oregon, Michigan, Mississippi, South Carolina and Texas. “In 2023, we launched our USOSM Centers of Excellence program, we implemented the USOSM Medical Mission Reimbursement Program, we secured a new $150 million credit expansion, welcomed 21 new associates and we added 25 new partner practices – eight of which, we’re announcing today,” said USOSM President and CEO Richard Hall. “We’re finishing 2023 strong and are positioned for continued growth in 2024 and beyond.” Hall continued on to say that a driving factor... Read More »Schedule a demo
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