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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
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 »
Albaron Partners Sells Beyond Podiatry
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
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 (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 »Schedule a demo
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