OrthoAlliance Expands Further Into Ohio With Purchase of Sixth Clinic

OrthoAlliance Expands Further Into Ohio With Purchase of Sixth Clinic

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 »
JP Recovery Services Merges With RCM Leader Meduit

JP Recovery Services Merges With RCM Leader Meduit

Meduit, a portfolio company of NexPhase Capital, announced on December 5 that JP Recovery Services (JPRS) has joined the Meduit organization. According to the LevinPro HC database, this marks the 310th eHealth transaction of 2022 and the 65th in the revenue cycle management (RCM) subsector.  Meduit is one of the nation’s leading RCM companies with decades of experience in the RCM arena, serving more than 1,000 hospitals and physician practices in 48 states.  Founded in 1998, JPRS provides accounts receivables management, billing and extended business office (pre-collect) services to more than 70 hospitals, physicians groups and private practices across the United States. The JPRS... Read More »
PE-Backed CCRM Acquires Second Fertility Clinic of 2022

PE-Backed CCRM Acquires Second Fertility Clinic of 2022

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 »
PE Firms Must Stomach Higher Acquisition Multiples in 2023

PE Firms Must Stomach Higher Acquisition Multiples in 2023

Kevin Moyer didn’t hesitate when asked if there would be a reduction in 2023 regarding healthcare M&A activity due to rising interest rates. “Absolutely,” he said. “The cost of capital is high and it will only get higher as the Fed continues to raise rates. There’s going to be an overall downfall.” Moyer, practice lead, transaction strategy & transformation at Sax Capital Advisors, whose responsibilities include handling healthcare M&A activity, provided the forecast at the December 1st Healthcare Disruptors conference at Sax’s headquarters in Parsippany, New Jersey. Such a development would be a reversal of recent activity. According to data captured in the LevinPro HC... Read More »
Generational Equity Advises Inteli-Care in its Sale to 24 Hour Home Care

Generational Equity Advises Inteli-Care in its Sale to 24 Hour Home Care

Generational Equity, a leading M&A advisor for privately held businesses, announce the sale of its client Inteli-Care LLC to 24 Hour Home Care. The transaction closed on November 16, 2022. According to the LevinPro HC database, this marks the 100th Home Health & Hospice transaction announced during 2022. Inteli-Care was wholly owned by CEO Onesimo “Mo” Vigil and Executive Director Rachel Vigil. Post-closing, both Mo and Rachel will be partners of the acquirer and continue in their respective roles and positions. Founded in 2003, Inteli-Care is a non-medical home health care provider based out of Albuquerque, New Mexico. Inteli-Care’s caregivers and personal care... 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

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 »