Corewell Health Acquires Gastroenterology Practice
Corewell Health announced on November 1 that it partnered with Great Lakes Gastroenterology, a gastroenterology practice in St. Joseph, Michigan. Corewell Health is a not-for-profit health system that provides health care and coverage with a team of more than 60,000 employees. The company has a team of more than 11,500 physicians and advanced practice providers; more than 15,000 nurses providing care and services in 22 hospitals; more than 300 outpatient locations and several post-acute facilities. It is also is partnered with Priority Health, a provider-sponsored health plan serving more than 1.3 million members. Upon completion of the transaction, Great Lakes Gastroenterology... Read More »
Christie & Co Advises Wishaw Dental Clinical
Christie & Co., a London-based advisory firm, announced on November 2 that it acted as an advisor for the sale of Wishaw Dental Clinical. The buyer was not disclosed. Wishaw Dental Clinical is a two-surgery, mixed-income dental practice located in Wishaw, Scotland. It has been providing high-quality dental care for more than 20 years. This is the third transaction that Christie & Co has advised on this year. Previously, the company worked on Envisage Dental’s acquisition of Shipston Dental Practice, a five-provider practice, and IM Smile Ltd.’s purchase of Haynes Road Dental Practice, a three-provider practice. According to data captured in the LevinPro HC... Read More »
Dental Care Alliance Welcomes Webster Cosmetic and Family Dentistry
Dental Care Alliance (DCA) announced on November 2 that it has acquired Webster Cosmetic and Family Dentistry of Dover, Delaware for an undisclosed price. The acquisition of Webster Cosmetic and Family Dentistry expands Dental Care Alliance’s footprint in Delaware to two allied practices. Owned by Dr. Robert Webster since 2000, Webster Cosmetic and Family Dentistry provides patients in the Dover, Delaware area with personalized dental care. The state-of-the-art modern office offers a wide range of general, restorative and cosmetic dentistry services, including cleanings and exams, dental implants, porcelain veneers, root canal treatment, dentures and partials, teeth whitening,... Read More »
Dental Care Alliance Expands into Rhode Island
On October 30, Dental Care Alliance (DCA) announced it made its first acquisition in Rhode Island by acquiring Hodosh Cosmetic & Implant Dentistry. Hodosh Cosmetic & Implant Dentistry is two-doctor general dentistry practice located in Providence. The practice offers a full range of dental services, including general and emergency dentistry, implants, root canal treatment, Invisalign, periodontal treatment, full mouth reconstruction and CEREC restorations. DCA is a portfolio company of private equity firm Harvest Partners. Founded in 1991 and headquartered in Sarasota, Florida, DCA is a multi-branded dental support organization with more than 400 affiliated dental... Read More »
Akumin Files for Bankruptcy to Eliminate $470 Million in Debt
Radiology provider Akumin announced that it has filed for Chapter 11 bankruptcy protection in a bid to eliminate a debt of $470 million, as reported by Radiology Business. Akumin’s approach is to convert this debt into common shares of the company’s stock, which will be owned by their lender, Stonepeak. As part of this restructuring, Akumin will transition from a publicly traded entity to a privately held company, bolstered by an infusion of $130 million in new investment from Stonepeak. The decision marks the conclusion of a period of financial turmoil for Akumin, which saw the value of its stock plummet by more than 80% in the past year. This crisis was exacerbated by... Read More »Schedule a demo
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