Active Physician Medical Group Buyers in 2023

Active Physician Medical Group Buyers in 2023

Even though the Physician Medical Group (PMG) market is a busy sector, the last several quarters have seen less deal activity than previous quarters. In 2023, 519 PMG acquisitions were reported, which is 16% less than the 620 PMG deals announced in 2022. Throughout the year, we spoke to several experts who have weighed in on why activity in the PMG space is slowing down. Their input can be summarized as high interest rates, increasing labor costs and a consolidated market. Yet, while there was a decrease in reported transactions, there were still several buyers and their deal activity that are worth looking into. Here are five of the most active PMG acquirers in 2023. The most active PMG... Read More »
Schweiger Dermatology Group Acquires United Skin Specialists 

Schweiger Dermatology Group Acquires United Skin Specialists 

Brown Gibbons Lang & Company announced that it acted as an advisor to Schweiger Dermatology Group (SDG) in the acquisition of United Skin Specialists LLC. Tonka Bay Equity Partners LLC, a venture capital and private equity firm based in Minnetonka, Minnesota, was the seller.  United Skin Specialists is a healthcare practice management group providing services to dermatology offices in the Midwest. The company has been providing patient-centric medical and cosmetic dermatology care in Illinois, Minnesota and Missouri for more than 50 years. It has 10 office locations.  Founded in 2010, SDG is one of the largest group dermatology practices in the Northeast, with 110 offices and... Read More »
Albaron Partners Sells Beyond Podiatry 

Albaron Partners Sells Beyond Podiatry 

On January 9 it was announced that Albaron Partners LP, a middle market private equity firm, was selling Albaron Podiatry Holdings LLC d/b/a Beyond Podiatry to CUC, Inc. The transaction was valued at $87 million.  Beyond Podiatry is one of the largest podiatry practice management organizations in the Midwest. In 2022 and 2023, the company purchased one practice each year.   CUC is a publicly traded Japanese company that offers healthcare services in Asia and across the globe. It provides hospital care, dialysis care, visiting nurses and home hospices services, as well as management support services for healthcare institutions.  This is the first U.S. acquisition for CUC.... Read More »
Together Women’s Health Acquires Two Michigan Practices  

Together Women’s Health Acquires Two Michigan Practices  

Together Women’s Health (TWH) is off to a strong start for 2024. The company announced, on January 3, that it was expanding its presence in Michigan with the purchase of two obstetrics and gynecology (OB/GYN) practices: Somerset Gynecology & Obstetrics and Mission Obstetrics and Gynecology.   Somerset Gynecology & Obstetrics is based in Troy, Michigan and has five physicians on staff and one physician’s assistant.  Mission Obstetrics and Gynecology is based in Warren, Michigan. According to its website, the practice is run by six physicians.  TWH is a management services organization backed by Chicago-based private equity firm Shore Capital Partners. TWH... Read More »
American Pain Consortium Gets Recapitalized  

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 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 »