The Rise Funds: TPG’s Impressive Investment Vehicle

The Rise Funds: TPG’s Impressive Investment Vehicle

TPG (NASDAQ: TPG) has been incredibly active these last few months. As a global asset management firm with more than $137 billion of assets under management, TPG operates out of 14 offices across the globe. According to its website, it has more than 95,000 employees that serve more than 12 million patients each year. TPG invests across five multi-product platforms: Capital, Growth, Impact, Real Estate and Market Solutions, as well as a myriad of funds such as The Rise Funds. TPG kicked 2023 off with the acquisition of MedQuest Associates, Inc., a provider of on-site diagnostic imaging services that generates annualized revenue of approximately $200 million. This deal was completed as a... Read More »
Takeaways from the 6th Annual Physician Transactions Conference

Takeaways from the 6th Annual Physician Transactions Conference

The role of private equity in healthcare was the focus of the 6th Annual Physician Transactions Conference on March 9, 2023. Physicians, private equity investors, investment bankers and other healthcare business leaders gathered in Las Vegas to talk about what independent practices need to know about brokering a deal with a private equity firm.  Attendees posed questions to other physicians who have already entered into PE deals, and panelists provided insights to help physicians consider whether partnering with outside investors will be the right path forward for their practices. Levin Associates was in attendance at the conference. Here is a summary of the main... Read More »
Spotlight on Orthopedics, its Independent Culture, and the Role of Private Equity

Spotlight on Orthopedics, its Independent Culture, and the Role of Private Equity

Orthopedic practices are highly attractive targets for investors, especially private equity-backed platforms that are looking to expand. However, it can be a challenging sector to access – in part because orthopedic groups have consolidated quickly and grown significantly larger compared to other specialties like fertility and cardiology. Orthopedic physicians treat a wide variety of common conditions  Most people would agree that their ability to move their bodies whenever they please is very important to their quality of life. Orthopedic physicians provide the surgical and nonsurgical care that people of all ages and lifestyles need to maintain their mobility. Orthopedic physicians... Read More »
Arterex Acquires NextPhase Medical Devices LLC

Arterex Acquires NextPhase Medical Devices LLC

Medical Device Inc. (d/b/a Arterex) announced on June 19 that it acquired NextPhase Medical Devices LLC for an undisclosed price.  NextPhase is a class II and III medical device contract manufacturer of electromechanical devices, active implantable devices and single use disposables in North America. It provides design and engineering, manufacturing and assembly, quality and regulatory and supply chain and logistics management services, enabling its customers to bring low-to-medium volume complex medical devices to market. Arterex is a leading medical device contract manufacturer and leader in new product development and medical education in orthopedics. The company has pioneered the... Read More »
PE-Backed Capitol Imaging Acquires Two Texas Radiology Groups

PE-Backed Capitol Imaging Acquires Two Texas Radiology Groups

Capitol Imaging, backed by private equity firm Clearview Capital, announced its acquisition of two radiology groups in Texas. The acquisitions include the Houston Premier Radiology Center and Alliance MRI. The two groups offer a range of diagnostic imaging services and combine to a total of 10 locations in the Houston MSA. Alliance MRI also has several locations in the San Antonio MSA. Metairie, Louisiana-based Capitol Imaging provides outpatient diagnostic services through more than 40 facilities across Louisiana, Texas, Alabama, Mississippi and Florida. It offers multi-modality capabilities including MRI, CT and mammography. According to the press release, Capitol Imaging and Clearview... Read More »
ZT Corporate-Backed Altus Community Healthcare Acquires Exceptional Emergency Center

ZT Corporate-Backed Altus Community Healthcare Acquires Exceptional Emergency Center

ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, announced on June 16 that its portfolio company, Altus Community Healthcare, acquired Exceptional Emergency Center. Exceptional Emergency Center is a community based provider of freestanding emergency centers operating 14 locations across Texas. The company has locations in Beaumont, Orange, Port Arthur, Harlingen, Livingston, Brownsville, Amarillo, Lubbock, Tyler, Fort Worth and Garland. Altus Community Healthcare is an integrated network of hospitals, care centers, physicians and services providing affordable patient care across Texas. Atlus operates six locations in Austin, in addition to four... Read More »