Sharecare Enters Into Definitive Agreement to be Acquired by Altaris

Sharecare Enters Into Definitive Agreement to be Acquired by Altaris

Atlanta, Georgia-based Sharecare announced that it has entered into a definitive agreement to be acquired by an affiliate of Altaris Capital Partners. According to data captured in the LevinPro HC database, this acquisition represents the 116th eHealth transaction of 2024, and the 13th in the patient engagement specialty. Sharecare develops a mobile platform that lets patients manage their health through tools that include medication adherence and chronic disease management, and then communicate with a physician or doctor for consultation. According to its most recent financial report, Sharecare’s revenue for the full year 2023 was $445.3 million, and adjusted EBITDA was $16.5... Read More »
Pinnacle Clinical Research Acquires Five Clinical Trial Sites

Pinnacle Clinical Research Acquires Five Clinical Trial Sites

LongueVue Capital, a New Orleans-based private equity firm, announce that its portfolio company Pinnacle Clinical Research has completed successful investments in five clinical trial sites in Texas, New Jersey and South Carolina. Pinnacle has invested in Kerwin Medical Center (KMC), The Cognitive and Research Center of New Jersey (CRCNJ), Bellaire Clinical Research, Palmetto Clinical Research – Low Country and Dallas Research Institute. Headquartered in Dallas, Texas and founded in 2019, KMC is a leading clinical research network operating one site in Dallas. The company is currently opening another site in South Dallas. CRCNJ, headquartered in Springfield, New Jersey, is a central nervous... Read More »
Specialized Dental Partners Acquires Two Dental Practices  

Specialized Dental Partners Acquires Two Dental Practices  

Specialized Dental Partners (SDP) announced that it acquired two dental practices: Eastlake Endodontics and BC Perio.   Eastlake Endodontics has one location in Roy, Utah. According to its website, it has two providers on staff: Dr. Jonathan Richards and Dr. Michelle Howe.  BC Perio, based in Dallas, Texas, is run by Dr. Brad Crumps, who is supported by a team of eight employees. The practice specializes in treating periodontal disease as well as surgical treatments for dental issues.  A portfolio company of private equity group Quad-C Management, SDP is a leading specialty dental service organization that provides comprehensive support services to endodontic specialists... Read More »
Interview with Robert Aprill, Physician Growth Partners

Interview with Robert Aprill, 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 Robert Aprill, Partner at Physician Growth Partners, to get his perspective on the market.   How optimistic are you about the future of the PMG market within the next year or two? “I think there’s two forces at play so it’s a little bit of a complex answer. There’s going to be more Owners interested in selling and there’s going to be a lot of Buyers that are spooked by higher interest rates and broader headwinds in the PPM space. Physicians... Read More »
Heartland Dental Acquires Queens Road Dentistry 

Heartland Dental Acquires Queens Road Dentistry 

On June 7, Heartland Dental, based in Effingham, Illinois, announced that it acquired Queens Road Dentistry, a one-physician practice in Charlotte, North Carolina.   Queens Road Dentistry specializes in general dentistry care as well as orthodontic care. The practice is led by Dr. Forrest Norman and a support staff of three employees.  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. The company is majority owned by KKR, a global investment firm.  This transaction marks Heartland Dental’s seventh acquisition of 2024. The financial terms... Read More »
PE Firm Great Point Partners Acquires Germany-Based CDMO

PE Firm Great Point Partners Acquires Germany-Based CDMO

Great Point Partners (GPP) announced on June 13 the acquisition of Lyocontract GmbH, a premium independent drug product contract development and manufacturing organization (CDMO) based in Ilsenburg, Germany. Founded in 2007, Lyocontract operates from a state-of-the-art pharmaceutical manufacturing facility providing aseptic liquid filling, lyophilization and packaging services. Compliant with the European Union’s Annex 1 standards, the CDMO specializes in the production of liquid and freeze-dried parenteral drugs, distributing globally for both clinical and commercial use. Founded in 2003 and based in Greenwich, Connecticut, GPP is a healthcare investment firm that has provided growth... Read More »