• Health Care M&A Deals, April 2 , 2021

    The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our HealthCareMandA.com Deal Database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. The largest deal of the week is... Read More »
  • SOC Telemed Acquires Access Physicians

    The national telehealth provider SOC Telemed has announced a new deal for Access Physicians valued at $194 million upfront with additional potential consideration based on performance. Access Physicians is an experienced multi-specialty acute inpatient telemedicine provider focused on cardiac care, inpatient hospital care, tele-neurology,... Read More »
  • Procaps Group Merges with Union Acquisition

    If you were looking for another SPAC deal this week, say no more. Procaps Group announced a reverse merger with Union Acquisition Corp. II (NASDAQ: LATN). Founded in 1977, Procaps is a leading integrated international healthcare and pharmaceutical company with a successful history of growth and diversification. Procaps is the largest... Read More »
  • Organon Hits the Ground Running

    Early in March 2020, Merck & Co., Inc. (NYSE: MRK) announced the spin-off of a new company focused on women’s health. The new company, Organon & Co., will have a portfolio of more than 60 trusted medicines that address an entire spectrum of conditions that women face. Organon is expected to have a global footprint with approximately... Read More »
  • SomaLogic Goes Public With SPAC

    They just don’t stop coming. Another private healthcare company has agreed to go public via SPAC in a $1.23 billion deal. SomaLogic is merging with CM Life Sciences II (NASDAQ: CMIIU), a special purpose acquisition company affiliated with Casdin Capital, LLC and Corvex Management LP. SomaLogic is a commercial-stage proteomics company with... Read More »
Physical Rehabilitation Network Expands in California

Physical Rehabilitation Network Expands in California

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

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

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 »
Aspen Dental and ClearChoice Strike a $1 Billion Merger

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

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 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 »