The Jordan Company Acquires Dental365

The Jordan Company Acquires Dental365

The middle-market private equity firm The Jordan Company (TJC) has announced a definitive agreement to acquire Dental365 from Regal Healthcare Capital Partners, L.P. The New Hyde Park, New York-based dental practice has more than 50 locations across New York, New Jersey and Connecticut. The company has nearly doubled in size each year and has over 400,000 patient visits annually. In addition, it employs over 165 dentists and 800 staff members. According to an article from PEHub, the deal is valued at approximately $440 million, roughly 14.7x Dental365’s annual EBITDA. TJC completed the acquisition through affiliates of The Resolute Fund V, L.P., which raised approximately $2.86... Read More »
PE-Backed USOP Adds 2 Physician Groups in Alabama

PE-Backed USOP Adds 2 Physician Groups in Alabama

U.S. Orthopedic Partners (USOP) has had a busy 2021 so far. Back in March, the PE-backed physician network acquired Jackson Anesthesia Pain Center and Oxford Orthopaedics and Sports Medicine, PLLC in Jackson and Oxford, Mississippi, respectively.  Both practices are well known in their regional markets for providing the most up-to-date orthopedic care, including both non-surgical and surgical options to treat a wide array of muscular-skeletal issues, including injury. And now in July, it’s added four more practices. Earlier in the month, USOP partnered with Orthopedic Institute of North Mississippi (6 physicians), which provides sports medicine and comprehensive orthopedic treatments... Read More »
Summit Health Management Expands in New York City

Summit Health Management Expands in New York City

After its transformational merger with CityMD in 2019, Summit Health Management has been quick to expand even further. In April this year, the company purchased Active Orthopedics & Sports Medicine, a leading orthopedic practice in New Jersey with 17 providers and three locations. Now, it’s continuing its ventures with the acquisition of Gotham Gastroenterology for an undisclosed sum. The purchase will add 16 gastrointestinal specialists across four offices in New York City to Summit Health’s current portfolio. These additions act as an important step toward Summit’s mission of providing diversified healthcare services in various locations nationwide. Summit Health is a portfolio... Read More »
CORA Physical Therapy Sold to H.I.G. Capital

CORA Physical Therapy Sold to H.I.G. Capital

One of the largest networks of physical therapy networks is being traded. Gryphon Investors is selling CORA Health Holdings Corp. and its subsidiaries, doing business as CORA Physical Therapy, to H.I.G. Capital for an undisclosed sum. CORA currently operates 228 outpatient physical therapy clinics across nine U.S. states, primarily in the Southeast. The Company’s 850+ physical therapists, physical therapy assistants and other clinicians offer best-in-class outpatient physical rehabilitation services for orthopedic problems, work-related injuries, sports injuries and various neuromuscular and neurological conditions. Founded in 1993, H.I.G. Capital is a global private equity investment firm... Read More »
CORA Physical Therapy Sold to H.I.G. Capital

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 »