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
Ophthalmology Groups Are Still Hot Targets

Ophthalmology Groups Are Still Hot Targets

by | Jan 26, 2021 8:22 am | Physician Medical Groups, Private Equity

It’s been an incredibly busy January, and deal volume continues to pile up. Investor interest in physician groups has swelled in particular, as we reach 36 deals and counting. The hottest specialty so far has been for ophthalmology practices, which have accounted for seven deals so far this month.  It’s a trend that has spilled over from 2020, when ophthalmology deals accounted for 22% of the 189 Physician Medical Group transactions announced last year. As other specialties, such as dental practices and dermatology groups, were hit hard by the pandemic, demand for cataract surgery and the ability to conduct eye exams and other routine care via telehealth grew, resulting in increasing... Read More »
Gainwell Technologies Acquires HMS

Gainwell Technologies Acquires HMS

by | Dec 29, 2020 8:11 am | eHealth, Private Equity

Gainwell Technologies, a portfolio company of Veritas Capital, has announced it acquired HMS (NASDAQ: HMSY). HMS provides a broad range of payment accuracy and population health management solutions, as well as analytics and engagement solutions. Under the terms of the agreement, Gainwell will buy HMS for $3.4 billion, or $37 per share in cash, a 52% premium to HMS’ unaffected share price as of October 2, 2020, the last trading day prior to when reports of a possible transaction were published. The purchase price comes out to 5.13x HMS’ 2020 annualized revenue and 22.60x HMS’ annualized EBITDA.  Gainwell Technologies supports clients across the United States and territories with offerings... Read More »
Ophthalmology Groups Are Still Hot Targets

EyeSouth Partners Adds Another Texas Physician Group

by | Dec 29, 2020 8:10 am | Physician Medical Groups, Private Equity

The private equity-backed EyeSouth Partners is closing 2020 on a strong note. With the support of Shore Capital Partners, EyeSouth Partners added Eye Center of Texas (ECT), which employs 14 physicians across six primary clinical locations in the greater Houston area and provides an integrated service model incorporating the latest advancements in cataract surgery, retina management, glaucoma treatment, refractive surgery and routine eye exams.  EyeSouth Partners is an eye care services organization in the southeast. Its affiliate network consists of 114 doctors providing medical and surgical eye care services at approximately 70 locations, including 11 surgery centers, in Alabama, Florida,... Read More »
Physical Rehabilitation Network Expands in California

Physical Rehabilitation Network Expands in California

by | Nov 30, 2020 4:10 pm | Private Equity, Rehabilitation

It’s been a quiet year for the rehabilitation sector in terms of healthcare M&A, most likely due to the social distancing safety measures implemented because of COVID-19 and the new reimbursement model put in place on October 1, 2019. But last week, Physical Rehabilitation Network, LLC announced a new transaction in California. PRN, a portfolio company of Silver Oak Services Partners, added Morgan Hill Physical Therapy, Inc., a Northern California-based outpatient rehabilitative care group that provides physical and occupational therapy, functional integrative therapy, work injury rehabilitation and sports medicine and complimentary injury consultations. With the addition of Morgan... Read More »
U.S. Urology Partners Acquires Syracuse-based Physician Group

U.S. Urology Partners Acquires Syracuse-based Physician Group

by | Nov 30, 2020 4:09 pm | Physician Medical Groups, Private Equity

U.S. Urology Partners is expanding. With the backing of NMS Capital, the physician management company has added Syracuse, New York-based Associated Medical Professionals of New York for an undisclosed sum. Associated Medical Professionals of New York is a multi-specialty medical practice with two locations in Syracuse and Ellinwood. It has 25 urologists, three radiation oncologists and an extensive support staff. This add-on deal extends the reach of U.S. Urology Partners into central New York State and more than doubles its physician count. The combined groups will benefit from U.S. Urology Partners’ substantial investment in people, technology and services to better address patient and... Read More »
Aspen Dental and ClearChoice Strike a $1 Billion Merger

Aspen Dental and ClearChoice Strike a $1 Billion Merger

by | Nov 24, 2020 8:55 am | Physician Medical Groups, Private Equity

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 »