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 GI Alliance Acquires Digestive Health Consultants

by | Jun 6, 2023 1:24 pm | Physician Medical Groups

Dallas-based GI Alliance announced on June 2 that it acquired Digestive Health Consultants, expanding its presence in Washington.  Founded in 1982, Digestive Health Consultants is committed to providing the highest level of GI medical care to patients. According to the company’s website, the practice is run by a team of five physicians and one advanced practice provider. It is based in Silverdale, Washington.  GI Alliance is a physician-led and majority physician-owned GI practice management company providing services to more than 800 independent gastroenterologists. The company operates in Texas, Arkansas, Arizona, Colorado, Florida, Illinois, Indiana, Kansas, Louisiana,... Read More »
Elevate ENT Enters Louisiana with Acquisition of Louisiana Ear, Nose, Throat and Sinus

Elevate ENT Enters Louisiana with Acquisition of Louisiana Ear, Nose, Throat and Sinus

by | Jun 1, 2023 10:24 am | Physician Medical Groups, Private Equity

Elevate ENT Partners, backed by Audax Private Equity, announced on May 30 that it acquired Louisiana Ear, Nose, Throat and Sinus (LENTS). The transaction makes LENTS the first Elevate ENT practice in the state of Louisiana. Financial terms of the deal were not disclosed. LENTS provides patients in the Baton Rouge and surrounding communities with ear, nose and throat (ENT) and sinus treatment. According to the company’s website, there are 14 physicians on staff. With more than 75 otolaryngology centers and 120 physicians, Elevate ENT Partners invests in private ENT and allergy practices across the United States. It provides scalable infrastructure to help practices reach the next... Read More »
RC Capital Acquires James River Cardiology

RC Capital Acquires James River Cardiology

by | May 31, 2023 1:34 pm | Physician Medical Groups, Private Equity

Cincinnati-based private equity firm, RC Capital, announced on May 31 that it acquired James River Cardiology. By partnering with James River Cardiology, RC Capital formed Aligned Cardiovascular Partners. Provident Healthcare Partners advised James River Cardiology and Kaufman & Canoles served as the legal counsel, while McDermott Will & Emery LLP served as legal counsel to RC Capital. The financial terms of the deal were not disclosed. James River Cardiology operates out of six locations in the Richmond, Virginia MSA. According to its website, the practice is run by a team of eight physicians and a support staff of nine nurses and physician assistants. Founded in 1994, RC Capital... Read More »
Latticework Capital Management Partners with The Aesthetic Center for Plastic Surgery and ACPS the SurgiCentre

Latticework Capital Management Partners with The Aesthetic Center for Plastic Surgery and ACPS the SurgiCentre

by | May 30, 2023 12:35 pm | Physician Medical Groups

Latticework Capital Management announced on May 26 that it acquired The Aesthetic Center for Plastic Surgery, LLP and ACPS the SurgiCentre PA. Cross Keys Capital acted as the exclusive financial advisor to The Aesthetic Center for Plastic Surgery, LLP and ACPS the SurgiCentre PA. The financial terms were not disclosed. The Aesthetic Center for Plastic Surgery, LLP and ACPS the SurgiCentre PA is a multi-site cosmetic surgery practice and MedSpa. The two practices, which are partnered and work in tandem, provide services that include breast augmentation, body sculpting, liposuction, facial rejuvenation, laser procedures and other procedures. Latticework Capital Management makes control... Read More »
The Physician Medical Groups Market Thrives, Despite Economic Instability

The Physician Medical Groups Market Thrives, Despite Economic Instability

by | May 26, 2023 2:42 pm | Physician Medical Groups

During the first five months of 2023, the Physician Medical Groups (PMG) sector has seen a large amount of M&A activity. There have been 244 PMG transactions reported, so far, which represents a 6% increase from the first five months of 2022. Considering the economic uncertainty currently plaguing investors, this increase is almost surprising.  Yet, it was not surprising that the most active specialty was dental, with 80 transactions. Compared to the first five months of 2023, when 63 dental transactions were reported, this year’s 80 transactions is even more impressive. The most active acquirer, in the dental and PMG spaces overall, is MB2 Dental Solutions, a portfolio company of... Read More »
GraceMed Acquires Canadian Dermatology Centre

GraceMed Acquires Canadian Dermatology Centre

by | May 25, 2023 1:55 pm | Physician Medical Groups

GraceMed announced on May 23 that it purchased the Canadian Dermatology Centre for an undisclosed price. Canadian Dermatology Centre is a Toronto-based dermatology clinic that also provides plastic surgery services. It was founded by Dr. Renita Ahluwalia and Dr. Quinton Chivers and has a total of eight providers on staff, according to its website. GraceMed is a leading North American-based dermatology and plastic surgery platform. Per its website, GraceMed operates out of 11 locations in Ontario, Canada. The acquisition of the Canadian Dermatology Centre is part of GraceMed’s strategy to expand its presence across North America, providing greater access to care for patients. ... Read More »