Clairvest Group Acquires Bluetree Dental for $32 Million
Clairvest Group Inc., through Clairvest Equity Partners VI (CEP), announced that it purchased Bluetree Dental for $32 Million. Clairvest Group’s portion of the investment totaled $9 million. Clairvest Group is a Toronto-based private equity management firm with more than $2.4 billion (CAD $3.3 billion) of capital under management. Under the current management team, Clairvest has initiated investments in 60 platform companies and generated top quartile performance over an extended period. Bluetree Dental is a multi-specialty, pediatric and orthodontics-focused dental service organization with more than 45 offices centered in the Mountain West region of the U.S. The Bluetree Dental... Read More »
MB2 Dental Solutions Expands in California, Nevada
MB2 Dental Solutions announced that it acquired three dental practices. The practice of Robert Wheeler, DDS operates out of one location in La Cañada Flintridge, California. Aloha Dental has one office in Las Vegas and is run by two dentists. Aspire Dental operates out of its Henderson, Nevada, location and is run by three dentists. Aloha Dental and Aspire Dental are both owned by Dr. Chris Capener. These acquisitions expand MB2 Dental’s foothold in California and Nevada. The deals represent MB2 Dental’s fifth and sixth transactions of 2023. In 2022, MB2 Dental completed 41 deals. MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital... Read More »
How Ascension and Kaiser are Responding to Physician Practice Consolidation
M&A activity in physician practices continues to have a significant presence in the healthcare landscape as practices compete against each other for market control. To make their mark on patients and grow, physician groups are forced to carve out a distinctive place in the industry. According to data captured in the LevinPro HC database, there were 51 Physician Medical Groups (PMG) transactions announced during January 2023, a 35% decline from January 2022 when 79 PMG deals were reported. The dental specialty had the most transactions, representing approximately 24% of all January 2023 PMG acquisitions, an increase from January 2022 when dental represented more than 20% of the PMG... Read More »Sage Dental Acquires Two Dental Practices
Sage Dental Management, LLC, a portfolio company of Linden Capital Partners, announced it has expanded its presence with its acquisition of Soft Heart Dentistry and the practice of Dr. Maulin Patel. This is Sage Dental’s first transaction of 2023. Soft Heart Dentistry was renamed Sage Dental of Lawrenceville. The practice of Dr. Maulin Patel was renamed Sage Dental of Brandon. The financial terms of the acquisitions were not disclosed. Soft Heart Dentistry is run by two dentists and offers care through its Lawrenceville, Georgia location. The practice of Dr. Maulin P. Patel provides advice on proper brushing, flossing, cleaning, healthy gums and other dental care out of Brandon, Florida.... Read More »
New Zealand-Based Broadway Radiology Joins Canopy Healthcare Group
Palmerston North, New Zealand-based Broadway Radiology announced on February 27 that it is joining Canopy Healthcare Group, which is one of New Zealand’s largest healthcare companies. The Broadway Radiology team will remain unchanged. Terms of the deal were not disclosed. Broadway Radiology is the largest private provider of diagnostic radiology serving the Manawatu and Horowhenua regions, with four locations and a team of five radiologists. Canopy Healthcare is a New Zealand-based healthcare provider, comprising 18 diagnostic clinics, six oncology clinics, a private breast surgical and diagnostic center and a drug compounding business. According to data captured in the LevinPro HC... Read More »Schedule a demo
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