HCRG Care Group Acquires Operose Health
On December 13, it was announced that Centene Cooperation was selling Operose Health to HCRG Care Group for an undisclosed price. Operose Health is a network of nearly 60 primary care practices across the United Kingdom. The company has been a significant player in the NHS primary care market, providing essential healthcare services to numerous patients. Previously known as Virgin Care, HCRG Care Group is one of the United Kingdom’s largest providers of community health and care services. It partners with the NHS to provide primary and dermatological care as well as pathway and diagnostic services. The deal is expected to impact the operational landscape of... Read More »
Navigating Year Over Year Trends of the Physician Medical Group M&A Market
The Physician Medical Groups (PMG) market is an industry that we frequently analyze, and for good reason. Coupled with its high deal volume, the sector is brimming with changing trends such as the growth in the cardiology space or how the size of the practices being purchased has changed over time. According to the LevinPro HC database, between January 1, 2023, and November 30, 2023, there were 2,001 healthcare transactions reported, 478 of them in the PMG sector, accounting for approximately 24% of deals. PMGs represent the second largest healthcare sector, with Other Services, a catch-all for ancillary services and companies at 502 transactions. Source: LevinPro HC, December 2023 The... Read More »
OneOncology Bolsters Oncology Network
OneOncology, Inc., a subsidiary of TPG Capital and AmerisourceBergen Corporation, announced that it acquired two practices through portfolio companies, expanding its oncology presence in Michigan and California. Genesee Cancer and Blood Disease Treatment Center, operating in Flint, Michigan, was purchased by Cancer and Hematology Centers. Genesee Cancer is led by Dr. Rizwan Danish. Pacific Cancer Medical Center, a five-provider practice servicing the Los Angeles MSA, was bought by Los Angeles Cancer Network, a leading cancer treatment center in California. Pacific Cancer Medical Center also provides clinical trials services. In addition to the acquisitions, OneOncology also... Read More »
Advanced Fertility Care Adds Arizona-Based Reproductive Health Center to Network
Advanced Fertility Care (AFC), a member of the Pinnacle Fertility network, announced on December 6 the integration of Reproductive Health Center into its family of fertility care providers. This addition marks a significant step in expanding AFC’s fertility services and care throughout Arizona. Reproductive Health Center is a fertility care provider in Tucson, Arizona. Dr. Scot Hutchison leads the practice as the managing reproductive endocrinologist and infertility specialist. According to its website, the practice has one provider on staff. Founded in 2005, AFC is a fertility center helping individuals and couples achieve their family-building dreams. With multiple... Read More »
Tygon Peak Capital Creates New Healthcare Platform
Tygon Peak Capital announced on December 5 the creation of a new healthcare platform with the acquisition of two internal medicine practices: Internal Medicine Associates of Plano and Doctors of Internal Medicine. Tygon Peak Capital led the investment alongside a partnership with Greyrock Capital Group. Internal Medicine Associates of Plano operates out of two locations in the Dallas MSA. According to its website, the practice is run by 14 physicians. Doctors of Internal Medicine provides internal medicine care for all ages out of two locations in Texas. According to its website, the practice has six physicians on staff. Tygon Peak Capital is a New York City-based private... Read More »Schedule a demo
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