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Private Equity’s Prominence in 2023 and 2024

Private Equity’s Prominence in 2023 and 2024

by | Mar 19, 2024 8:56 am | Private Equity

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 »
Kayne Anderson Acquires Telehealth Platform TeleMed2U

Kayne Anderson Acquires Telehealth Platform TeleMed2U

by | Mar 12, 2024 2:10 pm | eHealth, Private Equity

Kayne Anderson announced that it is acquiring a majority share of TeleMed2U through Kayne Anderson Growth Capital, its dedicated growth capital strategy.  TeleMed2U is a leading provider of telemedicine solutions, based in Roseville, California. With more than 275 specialist care providers, TeleMed2U’s suite of telemedicine services engages patients across the healthcare continuum, offering outpatient care, inpatient services and asynchronous telemedicine across 20 specialties, including Behavioral Health, Endocrinology, Rheumatology, Infectious Diseases, Dermatology and more, regardless of the patient’s geographic location.  Founded in 1984, Kayne Anderson Capital... Read More »
Private Equity Firm Frazier Healthcare Partners Picks Up RevSpring

Private Equity Firm Frazier Healthcare Partners Picks Up RevSpring

by | Mar 12, 2024 2:09 pm | eHealth, Private Equity

Healthcare-focused private equity firm Frazier Healthcare Partners announced on March 12 the completion of its acquisition of RevSpring from Chicago, Illinois-based GTCR. Frazier is joined in the transaction by NEA, 22C Capital and RevSpring’s senior leadership team.  RevSpring offers physical and electronic invoices, consumer payment portals, data cleansing solutions and analytics tools. It serves a client base of approximately 2,000 health systems and hospitals, revenue cycle management (RCM) providers and financial services organizations. The company was originally acquired by GTCR in November 2016.  Frazier Healthcare Partners is a provider of growth capital to healthcare... Read More »
Summit BHC Enters New England Market With Sobriety Centers of New Hampshire Acquisition

Summit BHC Enters New England Market With Sobriety Centers of New Hampshire Acquisition

by | Mar 7, 2024 8:12 am | Behavioral Health Care, Private Equity

Summit BHC has announced its entry into the New England market with the acquisition of Sobriety Centers of New Hampshire (SCNH). Financial terms of the deal were not disclosed. SCNH operates addiction treatment facilities in New Hampshire. These centers provide a broad array of substance use disorder treatments and services, including detoxification, residential and various levels of outpatient programs. Summit BHC was founded in 2013 to develop and operate a network of leading addiction treatment and behavioral health centers throughout the United States. Including the newly acquired facilities, the company owns and operates 31 inpatient facilities across 19 states. Its services include... Read More »
PE Firm WindRose Health Investors Acquires CardioOne

PE Firm WindRose Health Investors Acquires CardioOne

by | Mar 5, 2024 10:13 am | Physician Medical Groups, Private Equity

Private equity firm WindRose Health Investors, LLC announced that it has completed the acquisition of CardioOne Inc. WindRose partnered with CardioOne’s executive team to acquire the business and to provide up to $100 million of additional capital to support CardioOne’s ongoing growth. Launched in 2023, CardioOne is a physician enablement company that enables independent cardiology practices to unlock their potential. The company is a management services partner that provides physicians with an integrated technology platform, a practice optimization program, a workforce solution and a growth engine. WindRose Health Investors, formerly MTS Health Investors, makes private equity... Read More »
Why Invest in the ENT Market

Why Invest in the ENT Market

by | Mar 4, 2024 4:18 pm | Physician Medical Groups, Private Equity

The ear, nose and throat (ENT) market, also known as otolaryngology, encompasses a wide range of services. For our purposes, we categorize all ENT and allergy-related services under the ENT subsector. This classification is based on the comprehensive expertise of otolaryngologists, who are trained in both medical and surgical treatments pertaining to the head and its associated areas. The ENT market has experienced an influx of deal activity over the last few years. According to data captured in the LevinPro HC database, there were eight acquisitions in 2018, and four were reported in 2019. Deal volume hit a low in 2020 with two transactions. M&A activity then sprung back in 2021 with... Read More »