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Albaron Partners Sells Beyond Podiatry 

Albaron Partners Sells Beyond Podiatry 

by | Jan 10, 2024 12:24 pm | Physician Medical Groups, Private Equity

On January 9 it was announced that Albaron Partners LP, a middle market private equity firm, was selling Albaron Podiatry Holdings LLC d/b/a Beyond Podiatry to CUC, Inc. The transaction was valued at $87 million.  Beyond Podiatry is one of the largest podiatry practice management organizations in the Midwest. In 2022 and 2023, the company purchased one practice each year.   CUC is a publicly traded Japanese company that offers healthcare services in Asia and across the globe. It provides hospital care, dialysis care, visiting nurses and home hospices services, as well as management support services for healthcare institutions.  This is the first U.S. acquisition for CUC.... Read More »
PE-Backed Elevate Patient Financial Solutions Acquires Professional Medical Services

PE-Backed Elevate Patient Financial Solutions Acquires Professional Medical Services

by | Jan 9, 2024 12:05 pm | eHealth, Private Equity

Elevate Patient Financial Solutions, backed by private equity firms Frazier Healthcare Partners and The Edgewater Funds, announced on January 9 the acquisition of Professional Medical Services.  Professional Medical Services is a provider of revenue cycle management (RCM) solutions focused on low-balance accounts receivable resolution. The company was founded in 1991 and is based in Fort Worth, Texas.  Elevate Patient Financial Solutions delivers RCM solutions to hospitals, health systems and health providers nationwide.  The acquisition will expand Elevate’s suite of RCM solutions and reinforce its commitment to addressing the most complex aspects of the revenue cycle for... Read More »
Together Women’s Health Acquires Two Michigan Practices  

Together Women’s Health Acquires Two Michigan Practices  

by | Jan 8, 2024 12:41 pm | Physician Medical Groups, Private Equity

Together Women’s Health (TWH) is off to a strong start for 2024. The company announced, on January 3, that it was expanding its presence in Michigan with the purchase of two obstetrics and gynecology (OB/GYN) practices: Somerset Gynecology & Obstetrics and Mission Obstetrics and Gynecology.   Somerset Gynecology & Obstetrics is based in Troy, Michigan and has five physicians on staff and one physician’s assistant.  Mission Obstetrics and Gynecology is based in Warren, Michigan. According to its website, the practice is run by six physicians.  TWH is a management services organization backed by Chicago-based private equity firm Shore Capital Partners. TWH... Read More »
Pharos Capital Makes Majority Investment in RhythMedix

Pharos Capital Makes Majority Investment in RhythMedix

by | Jan 5, 2024 10:08 am | eHealth, Private Equity

Pharos Capital Group, a middle-market private equity firm based in Dallas and Nashville, has acquired a majority stake in RhythMedix. The two companies announced the transaction on January 4.  Based in Mt. Laurel, New Jersey, RhythMedix was founded in 2013 to improve the remote cardiac monitoring experience for both patients and clinicians. The company’s proprietary RhythmStar® is the first wearable cardiac ECG monitor with built-in 4G cellular connection, providing faster, more comfortable and overall better arrhythmia detection without the need for additional devices.  Pharos Capital Group is a physician-founded investment firm focused on growing healthcare companies that aim... Read More »
American Pain Consortium Gets Recapitalized  

American Pain Consortium Gets Recapitalized  

by | Jan 4, 2024 2:33 pm | Physician Medical Groups, Private Equity

On January 3 it was announced that American Pain Consortium (APC) was being recapitalized by Cresset Partners, Cedar Pine and American Discovery Capital (ADC). The financial terms were not disclosed.  APC is a leading interventional pain management practice, formed by the combination of certain assets of Shadeland Anesthesia & Pain Associates, Inc., P.C., the Center for Special Surgery, LLC and the Center for Southside Surgery.  Cresset Partners is a private equity firm based in Chicago, Illinois. The firm seeks to invest in the financial services, healthcare, technology, education, business and consumer service sectors.  Cedar Pine is a private investment firm... Read More »
Exult Healthcare Joins ARC Health

Exult Healthcare Joins ARC Health

by | Jan 2, 2024 11:30 am | Behavioral Health Care, Private Equity

ARC Health, a Thurston Group portfolio company, has announced its expansion in Texas with its latest acquisition. ARC Health will acquire Exult Healthcare, a mental health practice providing comprehensive behavioral health and addiction treatment to residents in McKinney, Texas, as well as Collin, Grayson and Cook counties.  Founded by Dr. Deepika Bhargava, M.D, Exult offers a range of healthcare services tailored to diverse mental health needs. The company’s services include intensive outpatient, psychiatry, therapy, Transcranial Magnetic Stimulation, weight loss management and holistic approaches like mindfulness and yoga.  ARC Health is a mental health specialty services... Read More »