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Unchained Labs Sold to The Carlyle Group

Unchained Labs Sold to The Carlyle Group

Private equity is branching out. Firms are usually swarming the physician group and behavioral health markets, building regional platforms, but we’re now seeing plenty of activity in new sectors, such as healthcare technology and research organizations. With fields such as diagnostics and gene therapy on the rise, it only makes sense for private equity to want a stake in the game. Last week, D.C.-based The Carlyle Group LP (NASDAQ: CG) announced it was buying Unchained Labs from Novo Holdings A/S, Canaan Partners, and TPG Biotech. The deal is valued at $435 million, or 5.80x Unchained Labs’ estimated 2021 revenue.  Unchained Labs is a life science tools company focused on solving problems... Read More »
USOSM Announces Three Deals in April

USOSM Announces Three Deals in April

The M&A market for physician groups has been booming this year, with 132 deals on the books through the end of April, according to search results in our Healthcare Deals Database. Strategic buyers, health systems and private equity firms are quickly expanding their regional and national platforms, capitalizing on the still-fragmented market. Enter U.S. Oral Surgery Management (USOSM), which just announced three deals in April, widening its footprint across the southern United States.  USOSM, a portfolio company of RiverGlade Capital and The Thurston Group, is a specialty management services company focused on oral and maxillofacial surgeons. The... Read More »
Summit Health Acquires Leading NJ Orthopedic Practice

Summit Health Acquires Leading NJ Orthopedic Practice

Some might recall in 2019 the merger of CityMD, a portfolio company of Warburg Pincus and the leading urgent care provider in the New York metro area, and Summit Medical Group, a 900-plus physician multi-specialty group in New Jersey. The deal was a huge merger, combining a leading physician medical group with a robust urgent care network. The combined company, Summit Health, has more than 1,600 providers, 8,000 employees and over 200 locations in New Jersey and New York, as well as more than 130 providers and six locations in Central Oregon. And now, Summit Health has entered the M&A market. Last week, the company announced it was... Read More »
Anthem Buys myNEXUS

Anthem Buys myNEXUS

The healthcare insurance giant Anthem, Inc. (NYSE: ANTM) is back with a new acquisition. Anthem is buying myNEXUS, Inc. from private equity firm WindRose Health Investors, which has held a majority stake in the company since 2014 when it was known as MTS Health Investors.   myNEXUS is a post-acute benefits management company that provides comprehensive management services to health plans and other risk-bearing organizations on an at-risk or fee-for-service basis for total medical expense related to integrated home health, Stars Performance Improvement Program, Social Determinants of Health, inpatient avoidance and clinical programs. myNEXUS delivers integrated clinical support services for... Read More »
Advent Home Medical Gets PE Investment

Advent Home Medical Gets PE Investment

An at-home respiratory care company in the Michigan market has caught the attention of private equity. Pontiac-based Advent Home Medical has been acquired by New Harbor Capital, an investor in lower middle market, growth-oriented business services, healthcare and education companies. No transaction terms were disclosed.  Founded in 2004, Advent Home Medical utilizes registered respiratory therapists to construct personalized care plans and deliver specialized hands-on support to acute respiratory patients in the home setting. The Company also provides a full complement of durable medical equipment and supplies necessary to support these therapies. Advent conducts more... Read More »
MB2 Dental Solutions Finds a New Partner

MB2 Dental Solutions Finds a New Partner

After Sentinel Capital Partners took a majority interest in MB2 Dental Solutions (MB2), the dental services organization became a prolific buyer in the healthcare M&A market, building a national network of practices. The organization has a presence in 24 states and has partnered with more than 275 dental practices. In 2019, MB2 had an estimated revenue of $320 million.  Now that partnership has ended. Sentinel Capital Partners is exiting its investment and Charlesbank Capital Partners will become the new majority owner. Charlesbank Capital Partners is a middle-market private investment firm managing more than $7 billion of capital. Charlesbank focuses on management-led buyouts and... Read More »