Elevate ENT Partners Acquires Vero ENT Associates
Elevate ENT Partners, backed by Audax Private Equity, announced on July 19 that it has partnered with Vero ENT Associates. The partnership reinforces Elevate’s commitment to supporting quality physicians as they continue to grow in the Florida market. Vero ENT Associates is an otolaryngology practice based in Vero Beach, Florida. According to its website, the company has three providers on staff. With more than 75 otolaryngology centers and 120 physicians, Elevate ENT Partners invests in private ENT and allergy practices across the United States and provides scalable infrastructure to help practices reach the next level in terms of financial management, marketing, contracting, human... Read More »
Cardiovascular Associates of America Acquires Cardiovascular Associates
Cardiovascular Associates of America (CVAUSA), a portfolio company of Webster Equity Partners, announced on July 18 that it acquired Cardiovascular Associates. Cardiovascular Associates operates out of two locations in Florida: Orlando and Kissimmee. According to its website, the practice is run by nine cardiologists. CVAUSA is a physician management services organization headquartered in Celebration, Florida. Through CVAUSA’s physician-centered practice management model, physicians drive clinical care and their practice culture, while benefiting from the business expertise and shared resources available through CVAUSA. It was formed by Webster Equity Partners in 2021. Through this... Read More »
Private Equity Activity Surges in Q2
Despite some market woes, private equity remained bullish in the healthcare market for the second quarter of 2023. Deal volume from PE hit 216 transactions, a significant increase from the 191 announced in the first quarter of 2023, according to data captured in the LevinPro HC platform. The surge in PE activity helped push overall M&A activity to 586 deals in Q2, an 8% jump from volume in the first quarter. The pace of M&A might come as a surprise, considering some of the headwinds in the industry. Labor issues and high-interest rates have persisted throughout the year, and new reimbursement changes have hit the industry, especially some industry giants. Envision Healthcare,... Read More »
Atlas Clinical Research Acquires Suburban Research Associates
Atlas Clinical Research announced the addition of Suburban Research Associates to its site network, marking the second clinical research site partnership for the platform. Atlas previously formed a strategic partnership with Rochester Clinical Research in April 2023. Specializing in psychiatric research, Suburban will seek to expand its research impact and leverage Atlas’ site connectivity to better serve trial patients. According to data captured in the LevinPro HC database, this transaction represents the 14th clinical trials acquisition of 2023. Founded in 1999 by Dr. Shivkumar Hatti, Suburban Research Associates is a clinical research site conducting psychiatric research from its... Read More »
