Sonrava Health Acquires 24 Dental Offices
Sonrava Health announced on June 26 that it entered an agreement to acquire 24 dental offices across Arizona, Pennsylvania and Florida. The offices were previously affiliated with Pure Dental Brands. Sonrava Health, through its affiliates, is a dental support organization that cares for approximately 4 million patient visits each year in nearly 600 affiliated offices in 21 states. In addition to general dentistry, Sonrava Health affiliate practices offer pediatric dentistry, orthodontics (including clear aligners), oral surgery, periodontics, endodontics, dental implants and overdentures. With this acquisition, Sonrava Health supports 588 offices across 21 states. The transaction also... Read More »
H.I.G. Capital Acquires Advanced Dental Brands
H.I.G. Capital announced on June 26 that one of its affiliates acquired Advanced Dental Brands, LLC (ADB) for an undisclosed price. DC Advisory served as financial advisor, and Akerman LLP served as legal counsel to H.I.G. Cantor Fitzgerald & Co. served as financial advisor, and Eskow Law Group, LLC served as legal counsel to ADB. Founded in 2007 by Dr. Richard Miller, ADB is a leading dental partnership organization in the Northeast United States. The company partners with dental practices owners and currently serves almost 40 practices, providing general dentistry as well as specialty services including orthodontics, endodontics, prosthodontics, periodontics and oral surgery.... Read More »
GI Alliance Partners With Digestive Health Center
GI Alliance announced on June 21 its latest partnership with Digestive Health Center in Ocean Springs, expanding GI Alliance’s presence in Mississippi. Financial terms of the deal were not disclosed. The specialists at Digestive Health Center in Ocean Springs, Mississippi diagnose and treat a variety of gastrointestinal problems. Digestive Health Center treats both pediatric and adult patients and specializes in colonoscopy, ERCP and upper endoscopy procedures. According to its website, Digestive Health Center includes four office locations with four physicians, seven nurse practitioners, a registered dietitian and 50 team members. GI Alliance is a physician-led and majority... Read More »
VSS Capital Partners invests in Olympus Cosmetic Group
VSS Capital Partners announced that it invested in Olympus Cosmetic Group. Financial terms of the private transaction were not disclosed. Olympus Cosmetic Group provides comprehensive cosmetic surgery, dermatological treatments and non-surgical cosmetic procedures. The company is structured as a management services organization. Headquartered in Jacksonville, Florida, Olympus’ doctors provide a complete range of facelift, abdominoplasty, breast augmentation, breast lift, liposuction, injectables, non-surgical aesthetic treatments and body contouring, among others, from state-of-the-art facilities. VSS is a private investment firm that invests in the healthcare, information, business... Read More »
The Benefits and Pitfalls of Selling Physician Practices
INTRODUCTIONThe Physician Medical Group (PMG) market is one of the most active healthcare sectors, in part driven by how many physicians are choosing to sell their practices to larger entities. As of January 2022, 74% of physicians in the United States are employed by a hospital, health system or corporation, according to data from Avalere, in a report sponsored by the Physicians Advocacy Institute. The consolidation even more pronounced when considering that in January 2021, 69% of physicians were employed by a hospital or corporate entity, the study reported. A 5% rise in just one year is definitely note-worthy. To further understand the consolidation in the PMG space and how that’s... Read More »Schedule a demo
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