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PE-Backed Fortis Home Health & Hospice Expands Midwest Footprint

PE-Backed Fortis Home Health & Hospice Expands Midwest Footprint

Fortis Home Health & Hospice, a portfolio company of middle-market private equity firm Grant Avenue Capital, announced on January 11 that it purchased Physiocare Home Health and Hospice. Grant Avenue Capital provided the equity financing for the transaction.  Physiocare Home Health and Hospice is a Medicare-certified home health and hospice provider that operates in Indiana.  Fortis Home Health & Hospice is Grant Avenue Capital’s home-based care buy and build initiative that was launched in December 2020. It has locations in Indiana and Utah.  Fortis’ purchase of Physiocare marks the company’s fourth completed acquisition and expands its footprint in the Midwest. The... Read More »
Apex Physics Partners Expands National Footprint With Partnership

Apex Physics Partners Expands National Footprint With Partnership

Apex Physics Partners, a portfolio company of Blue Sea Capital, announced this week that it has partnered with Medical Physics Consulting Inc., headquartered in Bixby, Indiana. The new partnership expands Apex’s national footprint in Illinois, Missouri and Oklahoma. Financial terms of the deal were not disclosed.  Founded by Board-certified medical physicist Russell Gerber, Medical Physics Consulting is a leading provider of therapy medical physics and dosimetry consulting services across Missouri, Illinois and Oklahoma.  Apex Physics Partners is a medical physics business services support organization. Partner physics practices receive an array of support services including... Read More »
Madison River Capital Makes Strategic Investment Into Senior Care Therapy

Madison River Capital Makes Strategic Investment Into Senior Care Therapy

Madison River Capital (MRC), a New York-based private equity firm, announced that funds affiliated with MRC have made a strategic investment into Senior Care Therapy.  Senior Care Therapy is a provider of patient-centered psychology and mental health services to the geriatric population in sub-acute, long-term care and assisted living communities. The company was founded in 2008 and has grown to be a leading provider of critical mental health services within more than 300 facilities across multiple states.  MRC is focused on partnering with founders and building leading businesses across a variety of industries, with a focus on healthcare and industrials. After founding and... Read More »
RTI Surgical Announces Agreement to Acquire Cook Biotech from Cook Group

RTI Surgical Announces Agreement to Acquire Cook Biotech from Cook Group

RTI Surgical announced that it has signed a definitive agreement to acquire Cook Biotech from Bloomington, Indiana-based Cook Group.  Founded in 1995, Cook Biotech develops and manufactures porcine small intestinal submucosa (SIS) products for a variety of clinical applications; these products have over 50 cleared regulatory indications. Cook Biotech’s products are derived from SIS’s naturally occurring, intact extracellular matrix using proprietary manufacturing processes. This material acts as a scaffold that allows host cells to infiltrate and remodel into vascularized tissue. The company is headquartered in West Lafayette, Indiana.  RTI Surgical is a medical... Read More »
SportsMed Physical Therapy Acquires Red Bank Physical Therapy 

SportsMed Physical Therapy Acquires Red Bank Physical Therapy 

SportsMed Physical Therapy, a portfolio company of private equity firm Hildred Capital Management, announced on January 9 that it was acquiring Red Bank Physical Therapy.  Red Bank Physical Therapy has been providing rehabilitation and physical therapy services in Monmouth County, New Jersey since 1991.  Founded in 2004, SportsMed Physical Therapy is a physical therapy-focused physician practice management company, with 33 clinics that provide physical therapy, chiropractic, acupuncture and occupational therapy services. It is based in Glen Rock, New Jersey.  The financial terms of the transaction were not disclosed. This is SportsMed Physical Therapy’s first... Read More »
Schweiger Dermatology Group Acquires United Skin Specialists 

Schweiger Dermatology Group Acquires United Skin Specialists 

Brown Gibbons Lang & Company announced that it acted as an advisor to Schweiger Dermatology Group (SDG) in the acquisition of United Skin Specialists LLC. Tonka Bay Equity Partners LLC, a venture capital and private equity firm based in Minnetonka, Minnesota, was the seller.  United Skin Specialists is a healthcare practice management group providing services to dermatology offices in the Midwest. The company has been providing patient-centric medical and cosmetic dermatology care in Illinois, Minnesota and Missouri for more than 50 years. It has 10 office locations.  Founded in 2010, SDG is one of the largest group dermatology practices in the Northeast, with 110 offices and... Read More »