Ivy Rehab Expands in Illinois with PTSIR Deal
Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, has announced a partnership with Physical Therapy and Sports Injury Rehabilitation (PTSIR). Established in 1976, PTSIR is one of the nation’s oldest physical and occupational therapy practices based in the Greater Chicago area. Founded in 2003, Ivy Rehab is a network of outpatient physical, occupational and speech therapy and ABA clinics throughout the United States. The acquisition of PTSIR expands Ivy Rehab’s footprint in the Chicago MSA. Financial terms of the deal were not disclosed. According to data captured in the LevinPro HC database, this transaction... Read More »
New Harbor Capital Builds Out Clinical Research Site Platform With Acquisition
New Harbor Capital has acquired Monroe Biomedical Research to build out a more robust clinical research platform. Monroe Biomedical Research is a 6,300-square-foot clinical research facility in Monroe, near Charlotte, North Carolina. Monroe Biomedical conducts clinical research studies for asthma, COPD, diabetes, hypertension, heart failure, Alzheimer’s and COVID-19. New Harbor Capital invests in lower middle market, growth-oriented business services, healthcare and education companies. Since 2000, New Harbor has completed more than 230 investments. Crosstree Capital Partners acted as advisor to Monroe Biomedical and helped the target identify New Harbor Capital as... Read More »
PE-Backed Dental365 Expands Into Pennsylvania
Dental365 announced that it acquired six dental practices in Pennsylvania: Susquehanna Valley Dental Group in Middleburg; Polit & Costello Dentistry, based out of Pittston; Back Mountain Dental in Shaverton; Wilkes-Barre Township-based NEPA Dental; Coopersburg Dental in Coopersburg; and NEPA Dental West in Forty Fort. Dental365 is a full-service family dental practice and support organization with locations throughout the New York metropolitan area and Connecticut. Dental365 was acquired by private equity firm The Jordan Company in July 2021. This acquisition marks Dental365’s entry into Pennsylvania and the seventh state it operates in. With the addition of these... Read More »
Schweiger Dermatology Group Acquires Allergy & Asthma Care of New York
Schweiger Dermatology Group, backed by LLR Partners and SV Health Investors, announced its acquisition of Allergy & Asthma Care of New York, expanding into the allergy and asthma industry. The financial terms of the acquisition were not disclosed. Allergy & Asthma Care of New York is a leading specialist in the management of allergic and immunologic disorders with two locations in Manhattan. The practice was founded by Dr. Clifford W. Bassett in 1993 and today has two physicians on staff. Founded in 2010, Schweiger Dermatology Group is one of the largest group dermatology practices in the Northeast, with more than 90 offices and more than 300 healthcare providers... Read More »
What Is Value-Based Care?
Value-based care is the future of the U.S. healthcare system. The Centers for Medicare & Medicaid Services (CMS) want all Medicare beneficiaries and the majority of Medicaid beneficiaries to be in value-based care arrangements by 2030 – and the rest of the healthcare marketplace is expected to follow. Value-based care is often promoted as a system with the potential to reduce costs and improve care quality. But what does “value-based care” really mean? How are “value” and “quality” defined? This article attempts to answer those questions as clearly and comprehensively as possible. We’ll explain the structure of value-based care, including the risk types and reimbursement models, why... Read More »Schedule a demo
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