Interview with John Tiedmann at Physician Growth Partners
We are always interested in the opinion of advisors, and other industry experts, regarding the Physician Medical Group (PMG) market. So, we put out a pulse survey to get a better feel of the current environment. From this survey, we spoke with John Tiedmann, Managing Director at Physician Growth Partners, to get his perspective on the market. HOW OPTIMISTIC ARE YOU ABOUT THE MARKET, SCALE OF 1-5 I said ‘four’, so I am optimistic but not overly so. I’m optimistic because the market seems to be settling into a new norm. Over the last 18 months, market players have made peace with valuations, particularly sellers and physicians who realize that multiples might be lower than where they were... Read More »
Brightspring Health Services Acquires Haven Hospice for $60 Million
On June 24, BrightSpring Health Services, a portfolio company of New York-based private equity firm KKR & Co., announced that it was purchasing a home health organization for $60 million. North Central Florida Hospice, Inc. and Haven Medical Group, LLC are collectively known as Haven Hospice, a Florida-based company holding a Certificate of Need (CON) for comprehensive hospice care services in 18 counties in north central Florida. Founded in 1974, BrightSpring is a leading provider of diversified home and community-based health and pharmacy services to medically complex and high-need populations. Close to 80% of the company’s health care services are provided in the home.... Read More »
OneOncology Partners with Anderson Area Cancer Center
OneOncology, a portfolio company of TPG Capital and AmerisourceBergen, announced that it strengthened its presence in South Carolina with the acquisition of Anderson Area Cancer Center. Anderson Area Cancer Center offers patients high quality, personalized healthcare close to their own home, including infusion, clinical trials, in-office drug dispensing and lab services. According to its website, the oncology practice has four physicians on staff who are supported by a team of three employees. OneOncology is a national network of independent community oncologists who assist partner practices in expanding their cancer care services. The company’s 1,000 cancer care... Read More »
Scaling Success: The Prominence of MSOs and DSOs in Healthcare
The prominence of Management Service Organizations (MSOs) and Dental Service Organizations (DSOs) in the healthcare market cannot be overstated. These entities have become essential players, particularly noted for their high transaction volumes. MSOs are businesses that work with predominantly physician groups to provide a range of administrative and management services to help alleviate physicians of those duties. DSOs are a specialized type of MSO that focuses exclusively on dental practices and are worth taking a deeper look at because of their high deal volume. It should be noted that the reason DSOs have such a high deal volume is because of the interest in dental practices and... Read More »
Frazier Healthcare Partners Announces Acquisition of BioMatrix
Frazier Healthcare Partners announced on June 25 that it has completed its acquisition of Plantation, Florida-based BioMatrix Holdings, LLC. Frazier is partnering with Ted and Kathee Kramm, two experienced industry executives in the home infusion market, to lead BioMatrix. BioMatrix Holdings (also called BioMatrix Specialty Infusion Pharmacy) is a national provider of home-based infusion services with clinical expertise in neurological diseases, immunology deficiencies and transplants, as well as blood disorders. BioMatrix serves a diversified base of patients with more than 2,500 physician-referral relationships across all 50 states. Frazier Healthcare Partners is a provider of growth... Read More »Schedule a demo
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