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PhyNet Dermatology Expands in California
PhyNet Dermatology LLC announced that it expanded its presence in California with the acquisition of the Center for Dermatology Cosmetic and Laser Surgery. With two locations in the Bay Area, in Fremont and Milpitas, California, the Center for Dermatology Cosmetic and Laser Surgery has been one of the leading dermatology facilities in the community since 1965. According to its website, the practice has three providers on staff. PhyNet Dermatology is a dermatology practice management company headquartered in Franklin, Tennessee. With more than 280 network providers at 115 locations in 17 states, PhyNet Dermatology offers administrative management and support that enables... Read More »
Specialized Dental Partners Acquires Four Practices
Specialized Dental Partners (SDP) continued its acquisition streak with the addition of four endodontic practices in November. Endo of Illinois is based in Bloomington, Illinois; Falk Perio CWF Periodontics & Implants operates out of San Antonio, Texas; Garden City Endo is in Garden City, New York; and OMP Endodontics is run out of Tucson, Arizona. A portfolio company of the private equity group Quad-C Management, SDP is a leading specialty dental service organization that provides comprehensive support services to endodontic specialists across the United States. These transactions add five physicians to SDP’s network. The financial terms were not disclosed. ... Read More »
GTCR to Acquire Cloudbreak Health
GTCR has announced that it has signed a definitive agreement to acquire Cloudbreak Health, LLC in a corporate carve-out transaction from UpHealth, Inc. Cloudbreak Health originally combined with UpHealth, Inc., formerly known as GigCapital2, Inc., and UpHealth Holdings, Inc. in November 2020. The combined UpHealth entity had a combined pro forma enterprise value of $1.35 billion and traded on the New York Stock Exchange under the ticker “UPH”. Under the terms of the agreement, the purchase price is $180 million, and the transaction is expected to close in the first quarter of 2024 following the receipt of customary regulatory and stockholder approvals and closing... Read More »
PE Firm Fulcrum Equity Partners Acquires Defining Wellness Centers
Fulcrum Equity Partners has announced its acquisition of Defining Wellness Centers, a premier drug and alcohol addiction treatment facility located in Mississippi. The strategic investment aims to propel the expansion of Defining Wellness Centers, leveraging Fulcrum’s financial support and industry expertise to broaden its impact in the Mississippi market and beyond. Committed to evidence-based care and empowerment, Defining Wellness Centers provides clients with the tools and support needed to overcome substance use disorders and mental health issues. Fulcrum Equity Partners is an Atlanta-based growth equity firm that invests in healthcare services and B2B tech... Read More »
