Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40
Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
Aspen Dental and ClearChoice Strike a $1 Billion Merger
Aspen Dental Management, a New York-based leading dental support organization (DSO), has announced it is acquiring ClearChoice Management Services, significantly expanding its footprint. The deal is valued at approximately $1.1 billion, according to sources cited in PE Hub. The deal is essentially a trade between private equity firms: Aspen Dental is backed by Ares Private Equity Group and Leonard Green & Partners L.P., and ClearChoice is a portfolio company of Sun Capital Partners, Inc., which is exiting its investment. ClearChoice is a leader in providing high-quality administrative practice management services to the network of ClearChoice Dental Implant Centers. With a current... Read More »
Miami Beach Medical Sold to New PE Firm
Since 2017, Miami Beach Medical Group has been backed by Texas-based private equity firm Gauge Capital, LLC, and the partnership seems to have been successful. Based on search results in our Healthcare Deal Database, the physician group hasn’t acquired any new practices to expand its footprint, but under Gauge Capital’s ownership, the practice’s EBITDA grew from $15 million in 2016 to an estimated $40 million in 2020. And now, Gauge Capital is exiting its investment, and selling Miami Beach Medical to Sun Capital Partners, Inc., a Florida-based private equity firm. The deal is valued at approximately $500 million, according to sources cited at PE Hub. Miami Beach Medical is the... Read More »
Qscan Group Holdings Sold to Investment Group
Sydney, Australia-based Quadrant Private Equity is selling Qscan Group Holdings, a comprehensive diagnostic medical imaging and interventional practice with multiple clinics in South-East Queensland and additional clinics throughout Australia. The buyers are Infratil Limited, a New Zealand investment firm focused on a variety of industries, including renewable energy and social infrastructure, and Morrison & Co Growth Infrastructure Fund, a leading alternative asset manager. Infratil is acquiring a 60% stake in Qscan for AUD $330 million, and Morrison & Co will acquire an additional 15% for AUD $82.5 million. The price comes out to around U.S. $294 million. Qscan Group is expected... Read More »
IRA Capital Adds New Health Center to Portfolio
IRA Capital, a private equity firm with a primary focus on the acquisition and management of real estate assets, announced last week it purchased North Hills Health Center in Menomonee Falls, Wisconsin. The campus of North Hills Health Center houses two Class A buildings totaling 119,000 square feet. They are fully leased to Froedtert Health, a five-hospital system and the primary teaching affiliate of the Medical College of Wisconsin. The deal is valued at $60 million, or $504 per square foot. Froedtert provides a range of outpatient services at the North Hills facility, including an imaging center, fertility clinic, sleep center, women’s health center, pulmonary rehab facility,... Read More »
Anne Arundel Dermatology Under New Ownership
Anne Arundel Dermatology Management (ADM) has been an active buyer in the healthcare M&A space for the past few years. Backed by private equity firm New MainStream Capital (NMS), the physician practice group has announced 10 acquisitions since January 2018, according to search results in our HealthCareMandA.com Deal Database. The pair announced several additions in 2019 alone. Anne Arundel Dermatology provides dermatological services in Maryland, Virginia, Tennessee, North Carolina and Pennsylvania. The practice has 74 locations and 181 providers and offers a comprehensive suite of dermatologic services, offering general... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
