H.I.G. Capital Acquires Advanced Dental Brands
H.I.G. Capital announced on June 26 that one of its affiliates acquired Advanced Dental Brands, LLC (ADB) for an undisclosed price. DC Advisory served as financial advisor, and Akerman LLP served as legal counsel to H.I.G. Cantor Fitzgerald & Co. served as financial advisor, and Eskow Law Group, LLC served as legal counsel to ADB. Founded in 2007 by Dr. Richard Miller, ADB is a leading dental partnership organization in the Northeast United States. The company partners with dental practices owners and currently serves almost 40 practices, providing general dentistry as well as specialty services including orthodontics, endodontics, prosthodontics, periodontics and oral surgery.... Read More »
GI Alliance Partners With Digestive Health Center
GI Alliance announced on June 21 its latest partnership with Digestive Health Center in Ocean Springs, expanding GI Alliance’s presence in Mississippi. Financial terms of the deal were not disclosed. The specialists at Digestive Health Center in Ocean Springs, Mississippi diagnose and treat a variety of gastrointestinal problems. Digestive Health Center treats both pediatric and adult patients and specializes in colonoscopy, ERCP and upper endoscopy procedures. According to its website, Digestive Health Center includes four office locations with four physicians, seven nurse practitioners, a registered dietitian and 50 team members. GI Alliance is a physician-led and majority... Read More »
GLOSSARY: Key Financial Terms of Private Equity Transactions
Explanations provided by industry experts Glossary of Terms Defined: EBITDA Enterprise Value Income Repair Multiple Scrape percentage Second bite and rollover equity Triple net lease (NNN lease) Quality of earnings (QofE) Value Based Enterprise Value Based Care (VBC) EBITDA EBITDA is an acronym that stands for “earnings before interest, tax, depreciation, and amortization”. EBITDA, therefore, represents the financial results of a company’s activities, with interest costs and interest earned as well as all depreciation being excluded. EBITDA is typically utilized as a financial metric to compare the underlying profitability of a company regardless of its depreciation assumptions and/or... Read More »
A Growing Trend: Health Systems Collaborating with Private Equity
Are traditional health systems and private equity-backed groups natural competitors? Maybe not. Levin Associates’ proprietary deal database, which tracks mergers and acquisitions in real time, shows the fast pace at which both sides have been consolidating the medical marketplace over the past decade. The data also shows a new trend taking hold: Rather than competing against each other, health systems and PE firms are forming partnerships. Many experts in the healthcare industry anticipate this trend is here to stay. Levin Associates attended AHLA’s Health Care Transactions Conference on April 17-19, 2023, and the insights shared below are from panel discussions our writer observed in... Read More »
Vivo Infusion Acquires Specialty Infusion
Vivo Infusion announced on June 20 that it has acquired Specialty Infusion for an undisclosed price. With this acquisition, Vivo Infusion will operate 55 ambulatory infusion centers across ten states. Founded in 2018, Specialty Infusion provides ambulatory infusion and specialty pharmacy services at 14 ambulatory infusion centers in New York, Massachusetts and New Jersey. Vivo Infusion is a provider of infusion and injection care for patients suffering from compromised immune systems, infectious diseases and other medical conditions. Vivo serves communities in Colorado, Florida, Ohio, Oklahoma, Pennsylvania, New Jersey and Texas with plans to expand to additional states. Private equity... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
