FFL Partners Completes Investment in Apex Infusion
FFL Partners announced that it has completed a growth investment in Apex Infusion, a fast-growing provider of ambulatory infusion therapy services. Founded in 2006 and headquartered in Signal Hill, California, Apex Infusion is dedicated to providing high-quality, reliable care to patients in the comfort of their own homes or in ambulatory settings. Apex coordinates professional interaction with patient’s physicians, nurses and other health care providers. The company provides intravenous immunoglobulin, specialty infusion, total parental nutrition and other therapeutic services. Apex currently operates 11 locations in California. Founded in 1997, FFL Partners is a San Francisco-based... Read More »
A Look at WSJ’s Private Equity Analysis
Early in June, the Wall Street Journal published an article examining private equity (PE) activity in the healthcare M&A market, which the LevinPro HC team exclusively covers. Overall, we agree with the sentiment and conclusions in the article: PE investment activity is down this year compared to 2023, both due to increased regulatory scrutiny and higher interest rates, the latter holding most of the blame. However, the article relied on M&A transaction data from Pitchbook, and some of the numbers left us scratching our heads, so we wanted to investigate ourselves. According to Pitchbook (as cited in the article), there were 180 PE add-on deals through May 28, or... Read More »
Med-Metrix Acquires Delaware-Based RCM Company
Med-Metrix, LLC, backed by Greenwich, Connecticut-based private equity firm A&M Capital Partners, announced it has acquired Hospital Billing & Collection Service, Ltd (HCBS), headquartered in New Castle, Delaware. HCBS is a premier, tech-enabled revenue cycle management (RCM) company that offers a comprehensive suite of RCM solutions. Since 1985, HBCS has served health systems across the United States and currently works with more than 75 hospital and physician groups. Med-Metrix, LLC is a leading technology-enabled services platform providing revenue cycle management and business intelligence solutions for health systems and physician groups across the United States. The company... Read More »
National Dental Healthcare REIT Expands Portfolio Across Multiple States
National Dental Healthcare REIT (NDH REIT), a member of the Thurston Group portfolio, has announced the completion of its latest real estate acquisition. The acquired properties include nine medical outpatient buildings (MOBs) located across New Mexico, Arizona, Georgia, Colorado, Mississippi, Texas and Alabama. NDH REIT partners with dental care providers in the general dental and specialty dental fields who own their real estate. NDH REIT was formed in mid-2020 by Thurston Group, a private equity firm focused on investments in healthcare service companies. Since then, the REIT has expanded to include 174 properties in 21 states. This move further solidifies NDH REIT’s position as a... Read More »
