Physician Insights: Health Systems, Private Equity, & the M&A Market

Physician Insights: Health Systems, Private Equity, & the M&A Market

by | Dec 13, 2022 10:46 am | Physician Medical Groups

For how often we talk about private equity or health systems acquiring Physician Medical Groups (PMG), we wanted to get physician’s perspectives on the acquisition process. And what the transaction means for the doctors and their patients. As of December 9, there have been 564 Physician Medical Groups (PMG) transactions throughout the entire year. Private equity represents the largest type of buyer in the PMG space, accounting for 70% of the buyers. Firms such as Charlesbank Capital Partners (33 deals), Quad-C Management (16 deals) and Harvest Partners (11 deals) have been incredibly active this year. In addition to PE groups making a splash in the PMG industry, other PMG groups represent... Read More »
Cardiovascular Associates of America Expands Into New State

Cardiovascular Associates of America Expands Into New State

by | Dec 7, 2022 12:33 pm | Physician Medical Groups

Cardiovascular Associates of America (CVAUSA) announced on December 7 that it acquired Southwest Cardiovascular Associates, representing the 562nd Physician Medical Groups transaction of the year. CVAUSA is a physician management services organization headquartered in Celebration, Florida. Through CVAUSA’s physician-centered practice management model, physicians drive clinical care and practice culture, while benefiting from the business expertise and shared resources available through CVAUSA. Southwest Cardiovascular Associates is a preeminent cardiovascular practice in Arizona that is also active in clinical trials, including the upcoming Integra-D study assessing a device that combines... Read More »
OrthoAlliance Expands Further Into Ohio With Purchase of Sixth Clinic

OrthoAlliance Expands Further Into Ohio With Purchase of Sixth Clinic

by | Dec 6, 2022 2:07 pm | Physician Medical Groups, Private Equity

Cincinnati, Ohio-based OrthoAlliance announced on December 5 that it acquired Orthopedic Specialists & Sports Medicine.  OrthoAlliance, a physician-led management services organization for orthopedic groups, was formed in 2019 in partnership with Beacon Orthopaedics and Revelstoke Capital Partners, a Denver-based private equity firm. Beacon’s management team leads the MSO’s operations. OrthoAlliance’s partner practices feature more than 150 physicians across all orthopedic and sports medicine specialties. It has more than 2,000 employees. Founded in 1976, Orthopedic Specialists & Sports Medicine provides orthopedic care from one location in Granville, Ohio. The practice has... Read More »
PE-Backed CCRM Acquires Second Fertility Clinic of 2022

PE-Backed CCRM Acquires Second Fertility Clinic of 2022

by | Dec 6, 2022 1:42 pm | Physician Medical Groups, Private Equity

CCRM Fertility, a portfolio company of Unified Women’s Healthcare, announced its acquisition of RADfertility on December 6. This transaction marks CCRM Fertility’s second transaction of the year, where it previously acquired The Institute for Reproductive Medicine & Science in East Windsor, New Jersey. CCRM Fertility has a network of physicians, embryologists and geneticists who deliver advanced fertility treatments, including in vitro fertilization (IVF), fertility assessment, fertility preservation, genetic testing, third-party reproduction and egg donation. CCRM Fertility has 34 locations across North America, serving patients in 12 major metropolitan areas. CCRM Fertility was... Read More »
Ascend Capital Partners and CareAbout Invest in Medical Specialists of the Palm Beaches

Ascend Capital Partners and CareAbout Invest in Medical Specialists of the Palm Beaches

by | Dec 5, 2022 3:46 pm | Physician Medical Groups, Private Equity

Ascend Capital Partners and CareAbout acquired Medical Specialists of the Palm Beaches, Inc. (MSPB) on December 5.  MSPB has more than 85 Providers, across more than 25 offices in Palm Beach County and Broward County, Florida. MSPB offers primary care, cardiology, neurology, hematology/oncology, concierge medicine and laboratory services. Ascend Capital Partners, founded in 2019, is a growth-oriented, healthcare-focused private equity partnership whose mission is to build thriving communities by investing in companies and entrepreneurs who are improving healthcare access, affordability and quality for vulnerable and underserved populations. CareAbout is a management company and... Read More »
One GI Acquires The Colon, Stomach, and Liver Center & Loudoun Endoscopy Group

One GI Acquires The Colon, Stomach, and Liver Center & Loudoun Endoscopy Group

by | Dec 2, 2022 12:43 pm | Physician Medical Groups, Private Equity

Germantown, Tennessee-based One GI announced on November 30 that it purchased The Colon, Stomach, and Liver Center, LLC & Loudoun Endoscopy Group, LLC. This marks One GI’s fifth acquisition of the year. Goodwin Procter LLP served as exclusive legal counsel to One GI, and Alvarez & Marsal’s Global Transaction Advisory Group, LLC provided key diligence. Cascadia Capital served as the financial advisor to CSL, and K&L Gates LLP served as legal counsel. The financial terms of the acquisition were not disclosed. One GI is a gastroenterology management services organization formed by Webster Equity Partners in April 2020. One GI partners with GI physicians to help them manage,... Read More »