Bain Capital Acquires HealthEdge: Private Equity Giant Expands Healthcare IT Portfolio

Bain Capital Acquires HealthEdge: Private Equity Giant Expands Healthcare IT Portfolio

Bain Capital has agreed to acquire HealthEdge, a healthcare IT solutions provider, from Blackstone. The transaction, announced on April 8, 2025, is expected to close during the second quarter of 2025, subject to customary closing conditions. The deal is valued at approximately $2.6 billion including debt, representing a 30x multiple of HealthEdge’s $86 million EBITDA. This acquisition aligns with Bain Capital’s strategic focus on healthcare IT investments and marks a successful exit for Blackstone, which acquired HealthEdge in 2020 for approximately $700 million. About HealthEdge HealthEdge provides healthcare IT solutions, including Core Administrative Processing Systems... Read More »
MB2 Dental Acquires 4 Dental Practices 

MB2 Dental Acquires 4 Dental Practices 

On March 28, MB2 Dental Solutions announced four additional acquisitions that it completed in March.  Based in New York City, 80 Park Avenue is a dental practice run by two dentists.  Clear Creek Dentistry is a practice with one location in Silverdale, Washington. There are two physicians on staff, who are supported by a team of 13 employees.  Smith & Co Dental Practitioners is a family dentistry office with one location in Bel Air, Maryland. According to its website, the practice is run by two physicians, who are aided by a staff of four.  Solana Beach, California-based Del Mar Family Dentistry is a dental practice run by four physicians.    MB2... Read More »
MB2 Dental Acquires 4 Dental Practices 

Heartland Dental Announces Fifth Acquisition of 2025 

On March 19, Heartland Dental, majority-owned by KKR, announced that it acquired Anchor Point Dental Care, its fifth acquisition of 2025. The financial terms were not disclosed.  Anchor Point Dental Care operates one location in Newport News, Virginia. It is run by Dr. Mark Artzer.  Heartland Dental is a dental support organization providing non-clinical, administrative support services with more than 2,600 doctors in more than 1,650 locations across 38 states.   Previously in 2025, Heartland Dental acquired practices in Arizona, Florida, Michigan and South Carolina. In total, the company has expanded its network by nine physicians since the start of the year. ... Read More »
EyeSouth Partners Expands in Illinois  

EyeSouth Partners Expands in Illinois  

EyeSouth Partners, a portfolio company of private equity firm Olympus Partners as of 2022, announced that it acquired Retina Institute of Illinois.  Retina Institute of Illinois is an eye care practice with nine locations in Illinois (Niles, Crystal Lake, Hoffman Estates, Chicago, Gurnee, Huntley, Lombard, Oak Park and Elgin). According to its website, there are 10 physicians on staff.  EyeSouth Partners, is an eye care services organization in the Southeast. EyeSouth’s affiliate network consists of 38 practices with more than 300 doctors providing medical and surgical eye care services at more than 180 locations including 20 surgery centers throughout Georgia, Texas, Louisiana,... Read More »
Uncertain Optimism: The Healthcare Outlook from HPE Miami

Uncertain Optimism: The Healthcare Outlook from HPE Miami

Earlier this month, more than 2,200 healthcare leaders convened for McDermott Will & Emery’s Healthcare Private Equity (HPE) Miami conference to discuss the evolving challenges and trends shaping the healthcare industry in 2025. For two days in the Miami sun, attendees were able to engage with insightful panels that covered topics ranging from how to navigate private equity investments to what the hot investment sectors are. A plethora of topics were explored by panelists and perspectives, and although opinions varied on the trajectory of M&A activity in 2025, a prevailing sentiment of cautious optimism emerged… if investors play their cards right. Several themes stuck out to the... Read More »
Elite365 Acquires Texas-based Dental Staffing Provider

Elite365 Acquires Texas-based Dental Staffing Provider

Elite365, backed by private equity Regal Healthcare Capital Partners, has announced its acquisition of Proxi Dental Staffing, a Plano, Texas-based provider of dental staffing services. Launched in 2022, Proxi staffs dentists, dental assistants, dental hygienists, pediatric dentists, oral surgeons, endodontists and orthodontists nationwide for locum tenens, locum to perm and permanent placement. According to the March 21 deal press release, Proxi counts about $6 million in annual revenue, and its nine internal employees make about 350 locums and perm placements annually. Elite365 is a healthcare staffing firm with offices in Irving, Texas, and Tampa, Florida. It currently has more than... Read More »