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DermCare Management Acquires Longhorn Dermatology 

DermCare Management Acquires Longhorn Dermatology 

by | Jun 4, 2024 10:54 am | Physician Medical Groups, Private Equity

On May 29, DermCare Management, a portfolio company of New York-based private equity firm Hildred Capital Management, announced that it was expanding its presence in Texas with the acquisition of Longhorn Dermatology.   Longhorn Dermatology, located in Spicewood, Texas, is a locally owned, independent dermatology practice. It offers general dermatology, surgical and Mohs surgery and cosmetic services for the whole family. According to its website, the practice has two providers on staff.  DermCare Management is a physician practice management company with clinics in California, Florida and Texas. It was founded in 2017 as a group of five founding practices including 15 South... Read More »
Notable PE Activity During May 2024

Notable PE Activity During May 2024

by | Jun 3, 2024 3:24 pm | Private Equity

May 2024 was an active month for the private equity (PE) healthcare M&A market. LevinPro HC data shows that approximately 36% of healthcare deals announced during the month (53 of 146) involved PE acquirers and/or their portfolio companies. Although this is a small decline from May 2023, when 42% of healthcare deals announced involved PE, it is still a slight increase from the 35% of private equity transactions announced during April 2024. This report dives into some of the most significant PE transactions in healthcare during May 2024, highlighting the key PE players and/or their portfolio companies and their recent moves in the healthcare M&A market. KKR: KKR remained a major... Read More »
Ascend Plastic Surgery Partners Adds Tallahassee Plastic Surgery Clinic to Network

Ascend Plastic Surgery Partners Adds Tallahassee Plastic Surgery Clinic to Network

by | May 30, 2024 2:04 pm | Physician Medical Groups, Private Equity

Ascend Plastic Surgery Partners, an Atlanta-based management services organization, announced the addition of Tallahassee Plastic Surgery Clinic to its network of practices. Tallahassee Plastic Surgery Clinic provides aesthetic and reconstructive surgery in Tallahassee, Tennessee. According to its website, the practice has three plastic surgeons on staff. Ascend Plastic Surgery Partners was formed by private equity firm Sheridan Capital Partners in October 2023. The plastic surgery firm has practices in Birmingham, Alabama, Tuscaloosa, Alabama, Greenville, South Carolina, Lindon, Utah and Las Cruces, New Mexico. Tallahassee Plastic Surgery Clinic was advised by Physician Growth Partners.... Read More »
HouseWorks Expands Northeastern Footprint With Acquisition

HouseWorks Expands Northeastern Footprint With Acquisition

by | May 30, 2024 2:01 pm | Home Health & Hospice, Private Equity

HouseWorks announced that it has acquired AccordCare’s personal care division in Connecticut, which operates under the brands Companions & Homemakers and Companions Forever. The deal will mark HouseWorks entry into Connecticut, and further expand its footprint in the Northeast. AccordCare originally acquired Companions Forever in December of 2020, and then acquired Companions & Homemakers in October of 2022. The Companions & Homemakers and Companions Forever businesses are entirely driven by Medicaid home- and community-based services business. Founded in 1998, HouseWorks provides in-home care services in Maine, Massachusetts, New Hampshire, New York, Pennsylvania, Tennessee... Read More »
PE Firm GTCR Acquires Surmodics for Approximately $627 Million

PE Firm GTCR Acquires Surmodics for Approximately $627 Million

by | May 30, 2024 9:46 am | Medical Devices, Private Equity

Surmodics, Inc. announced on May 29 that it has entered into a definitive agreement to be acquired by GTCR, a leading private equity firm with a long track record of investment expertise across healthcare and healthcare technology. Under the terms of the agreement, affiliates of GTCR will acquire all outstanding shares of Surmodics. Surmodics shareholders will receive $43.00 per share in cash, for a total equity valuation of approximately $627 million. Surmodics is an Eden Prairie, Minnesota-based provider of performance coating technologies for intravascular medical devices and chemical and biological components for in vitro diagnostic immunoassay tests and microarrays. Surmodics also... Read More »
Apex Physics Partners Deepens National Footprint With New Partnership

Apex Physics Partners Deepens National Footprint With New Partnership

by | May 24, 2024 12:27 pm | Other Services, Private Equity

Private equity-backed Apex Physics Partners (APP) announced that it has partnered with Spectrum Medical Physics Inc, headquartered in Lima, Ohio. Spectrum Medical Physics was incorporated in 2000 to provide radiation oncology physics and dosimetry support to radiation oncology facilities in West Central Ohio. The company operates a training and residency program in therapy medical physics. APP is a medical physics business services support organization. Partner physics practices receive an array of support services including client services, information technology and data analytics. APP is backed by Blue Sea Capital, a West Palm Beach-based private equity firm with more than $1.4 billion... Read More »