PE-Backed Excelsior, Rendr Merge to Serve the Asian American Community in New York
Private equity-backed Excelsior Integrated Medical Group and Rendr announced on November 28 that they will combine to form a New York City-based integrated multi-specialty medical group and related professional management service organization dedicated to providing value-based health care to the Asian community. The combined enterprise, which will operate under the name Rendr, will include approximately 200 providers operating out of nearly 100 medical sites across the New York City boroughs of Brooklyn, Manhattan, Queens and Staten Island. The new venture is backed by Ascend Capital Partners and Kain Capital LLC, two healthcare-focused private equity firms. Rendr, backed by Ascend Capital... Read More »
Excelsior Capital Acquires Chattanooga MOB
Nashville-based private equity firm Excelsior Capital has purchased a 17,837-square-foot medical office building (MOB) in Chattanooga, Tennessee for $7.4 million, or approximately $415 per square foot. The MOB was built in 2014 and houses the Center MedSpa on the first floor and the Center for Integrative Medicine on the second floor. The property is at 100% occupancy and the 1.2-acre site includes both on-street and off-street parking. Excelsior Capital is a real estate private equity firm based in Nashville, Tennessee. Excelsior Capital typically targets stable assets, typically in the $8 million to $20 million range, in healthy submarkets that have a strong history of occupancy. ... Read More »
ARCH Medical Acquires Alpha Manufacturing & Design
ARCH Medical Solutions, a platform company of middle-market private equity firm The Jordan Company, announced on November 21 its acquisition of Alpha Manufacturing & Design. The acquisition adds to the depth and breadth of the ARCH Medical portfolio of precision-manufacturing solutions. Terms of the deal were not disclosed. Alpha Manufacturing & Design is a precision contract manufacturer for the orthopedic industry, specializing in highly engineered and complex surgical devices for spine, trauma, large joint and dental applications. ARCH Medical Solutions is a consolidated contract manufacturer for orthopedic and dental implants and instruments, as well as components and... Read More »
MB2 Dental Solutions Acquires Maryland Practice, Celebrates 500th Acquisition
MB2 Dental Solutions announced on November 18 that it completed its 500th partnership with its acquisition of Dr. Pattanashetti, DMD Cosmetic, Implant, & General Dentistry. The practice of Dr. Pattanashetti, DMD Cosmetic, Implant, & General Dentistry is located in Towson, Maryland and is run by one dentist. MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners since February 2021, partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery. This acquisition represents MB2 Dental’s 37th acquisition of the year. The terms of the... Read More »