Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40

Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
Pharos Capital Makes Majority Investment in RhythMedix

Pharos Capital Makes Majority Investment in RhythMedix

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  

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

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 »
Top Physician Medical Group Deals of 2023  

Top Physician Medical Group Deals of 2023  

The Physician Medical Group (PMG) market experienced a decline in deal activity, totaling 515 transactions, compared to the 621 in 2022. The transactions varied in size and buyer time, with many of them small or independent practices getting purchased by large private equity groups.   Here are the top five PMG transactions of the year.   TPG Capital and AmerisourceBergen, both private equity groups, teamed up to purchase OneOncology, Inc. for $2.1 billion in April. In addition to being the largest PMG purchase price of the year, OneOncology has more than 700 physicians on staff which is an impressive number, adding to its attractiveness for buyers.  The seller, private equity... Read More »
U.S. Oral Surgery Management Expands in Seven States 

U.S. Oral Surgery Management Expands in Seven States 

U.S. Oral Surgery Management (USOSM) is ending 2023 with a big announcement. It has added eight new partnerships across seven states: California, Colorado, Oregon, Michigan, Mississippi, South Carolina and Texas.  “In 2023, we launched our USOSM Centers of Excellence program, we implemented the USOSM Medical Mission Reimbursement Program, we secured a new $150 million credit expansion, welcomed 21 new associates and we added 25 new partner practices – eight of which, we’re announcing today,” said USOSM President and CEO Richard Hall. “We’re finishing 2023 strong and are positioned for continued growth in 2024 and beyond.”   Hall continued on to say that a driving factor... Read More »
Schweiger Dermatology Group Acquires Two New Jersey Practices 

Schweiger Dermatology Group Acquires Two New Jersey Practices 

NavaDerm Partners, LLC, a portfolio company of BelHealth Investment Partners, LLC announced that it was selling two of its New Jersey practices to Schweiger Dermatology Group (SDG).   The practices are Millburn Laser Center and Scherl Dermatology.   Millburn Laser Center provides dermatology care out of one location in New Jersey. According to its website, the practice has five providers on staff.  Scherl Dermatology is a four-physician practice that operates out of one location in Englewood Cliffs, New Jersey.   Founded in 2010, SDG is the largest group dermatology practice in the Northeast, with more than 90 offices and more than 300 healthcare providers in its... Read More »