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PE Firm Waud Capital Partners Acquires Senior Helpers
Waud Capital Partners announced on March 21 the acquisition of Senior Helpers, one of the national leaders in home care and wellness offerings for seniors. Waud Capital is acquiring Senior Helpers from Illinois-based Advocate Health, the third-largest nonprofit health system in the nation. Timonium, Maryland-based Senior Helpers operates through more than 380 franchised and corporate-owned locations that span 44 states, Canada and Australia. These locations provide seniors home care and wellness services, including meal planning, grocery shopping, medication reminders, transportation, companionship and assistance with personal hygiene. It also offers special programs for chronic... Read More »
PE Firm Fletch Equity Buys Autism Spectrum Interventions
Private equity investor Fletch Equity announced that it has purchased Fullerton, California-based provider Autism Spectrum Interventions (ASI). Founded in 2009, ASI is a provider of applied behavior analysis therapy in home- and school-based settings. The company works with school districts, Medi-Ca, Medicaid and several commercial health plans. Founded in 2019, Fletch Equity is a firm focused on the lower-middle market. The company is headquartered in Los Angeles, California and prefers to invest in growth-stage companies through buyouts. According to Fletch Equity, the ASI acquisition marks the firm’s thirteenth acquisition in the last 33 months. Mergers and... Read More »
Specialized Dental Partners Acquires 2 Endodontics Practices
Franklin, Texas-based Specialized Dental Partners announced that within one week it acquired both Northeastern Ohio Endodontics and Apex Endodontics. Northeastern Ohio Endodontics provides care out of two locations in Ohio: Canfield and Warren. It has three providers on staff, according to its website. Apex Endodontics is an endodontics practice with one location in Colorado Springs, Colorado. According to its website, it has three providers on staff. A portfolio company of private equity firm Quad-C Management, Specialized Dental Partners is a leading specialty dental service organization that provides comprehensive support services to endodontic specialists across... Read More »
Private Equity’s Prominence in 2023 and 2024
Private equity (PE), for several years, has had a large presence in the healthcare M&A market. In 2023, there were 766 transactions that were completed by a private equity group, and/or a portfolio company. This equates to roughly 35% of the entire 2,197 healthcare acquisitions that were reported during 2023. This high percentage of PE activity in the healthcare M&A market continued from 2022 which saw 976 PE-backed acquisitions, or approximately 40% of the 2,461 announced deals. Between January 1, 2024 and February 29, 2024, 113 of the 359 deals have been completed by a PE-backed buyer, or 31%. The sector with the most PE interest was Physician Medical Group (PMG), totaling... Read More »
