Clearview-backed MBI Acquires Two Leading Occupational Healthcare Providers
On May 11, Clearview Capital Fund IV, L.P. and its affiliates announced the acquisitions of two Colorado-based occupational healthcare providers, WorkWell Occupational Medicine, LLC and HealthQuest Medical Inc. & Conspire!, by MBI Industrial Medicine, Inc. According to the LevinPro HC database, the acquisitions of WorkWell and HealthQuest mark the fifth and sixth transactions announced within the occupational health subsector during 2022, and the second and third private equity transaction within the space, respectively. Another PE buyer making moves into occupational health is Chicago-based Seven Hills Capital, which backed Associates in Pediatric Therapy’s purchase of Jones Therapy... Read More »
Physical Rehabilitation Network Expands into California
On May 3, Gryphon Investors’ portfolio company, Physical Rehabilitation Network (PRN), announced its acquisition of Kinetix Advanced Physical Therapy. The financial terms of the deal were not disclosed. This is PRN’s first deal of the year. Founded in 1991, PRN specializes in physical therapy care, workplace ergonomics solutions and serves as a comprehensive practice management organization, providing non-clinical administrative support services to physical therapists across 16 states. PRN is known for its leading, value-driven practice management services and innovative, outcomes-driven physical therapy care. Kinetix Advanced Physical Therapy is a privately owned outpatient... Read More »
OncoHealth Secures Strategic Investment from Arsenal Capital Partners & McKesson Corporation
OncoHealth, the leading digital health company dedicated to oncology, announced on Monday it has received strategic investments from Arsenal Capital Partners, a private equity firm specializing in building transformational healthcare businesses, and from McKesson Corporation. The investments will support OncoHealth’s innovation and delivery of its oncology-specific digital health solutions for people with cancer, and Arsenal will take a majority ownership stake in the business. Financial terms were not disclosed. OncoHealth helps health plans, employers, providers, patients and life science researchers navigate the physical, mental and financial complexities of cancer through... Read More »
GI Alliance Acquires 6th Practice of 2022
In the first week of May, Waud Capital Partners’ portfolio company, GI Alliance, announced that it had acquired two separate gastroenterology practices; Digestive Health Specialists (DHS) in Kansas City, Missouri and Gastroenterology Consultants, based in Houston, Texas. Neither of the financial terms of the deals were disclosed. GI Alliance, a portfolio company of Waud Capital Partners, provides operational support to more than 1,000 providers, including over 625 gastroenterologists and physicians and 670 advanced practice providers across 11 states. It was formed through Waud’s partnership with Texas Digestive Disease Consultants in November 2018. DHS is a leading... Read More »