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Navigating Year Over Year Trends of the Physician Medical Group M&A Market

Navigating Year Over Year Trends of the Physician Medical Group M&A Market

by | Dec 11, 2023 3:58 pm | Physician Medical Groups

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 Bolsters Oncology Network 

by | Dec 8, 2023 12:17 pm | Physician Medical Groups, Private Equity

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 Adds Arizona-Based Reproductive Health Center to Network

by | Dec 6, 2023 1:54 pm | Physician Medical Groups

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 Creates New Healthcare Platform 

by | Dec 5, 2023 3:09 pm | Physician Medical Groups, Private Equity

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 »
Private Equity Interest in Pain Management ‘Starting to Heat Up’

Private Equity Interest in Pain Management ‘Starting to Heat Up’

by | Dec 5, 2023 8:52 am | Other Services, Physician Medical Groups, Private Equity

More than 20% of American adults suffer from chronic pain, and research from the National Institutes of Health shows that only about 1 in 10 people experience a full recovery within a year. Numbers like these indicate a strong need for improved pain management services – and after years of wariness, many in the private equity community are now showing interest. “It’s a smaller niche market that was, to some extent, overlooked by private equity given its perceived risk in the context of the opioid crisis,” says Eric Major, a Managing Director at Provident Healthcare Partners. But now, he says interest is “starting to heat up.”  One possible reason is a growing emphasis on... Read More »
Solaris Health Acquires Urologic Consultants 

Solaris Health Acquires Urologic Consultants 

by | Dec 4, 2023 3:11 pm | Physician Medical Groups, Private Equity

Solaris Health announced that it has continued its acquisition streak of 2023 having completed its fourth transaction. It has expanded its presence in Michigan with the acquisition of Urologic Consultants, a five-provider practice.   Urologic Consultants provides urology care to all ages from four locations in Michigan. According to its website, its five physicians are supported by a team of six employees.  Solaris Health, a portfolio company of private equity firm Lee Equity Partners, is a national healthcare platform committed to enhancing access to specialty health care. The group was formed in June 2020 when Lee Equity Partners purchased and merged Integrated Medical... Read More »