Chicago Pacific Founders’ Eye Care Group Partners with Advanced Eyecare Associates
Ascend Vision Partners (AVP) announced on June 9 that it was partnering with Advanced Eyecare Associates. This partnership expands access for patients to advanced eye care technologies, provides comprehensive vision solutions and improves patient outcomes. Advanced Eyecare Associates provides eye care to western Florida. According to its website, the practice is run by six physicians out of eight locations. Established in 2022 and backed by Chicago Pacific Founders, AVP delivers business solutions for eye care professionals, allowing ophthalmologists and optometrists to focus on patient care. AVP’s network consists of eight practices and surgery centers across 16 locations with more... Read More »
EdgeCap Partners Acquires Majority Stake in Comac Medical
Funds advised by EdgeCap Partners (EdgeCap) have acquired a majority equity interest in Comac Medical. The deal was announced in a June 9 press release. Comac’s founder and CEO, Dr. Milen Vrabevski, as well as other shareholders, will retain a significant minority stake and continue in their current roles as executive managers, thereby providing continuity to all its clients and partners. Comac Medical is a full-service clinical research organization (CRO), present in more than 30 countries and providing a comprehensive range of early to late-phase drug development services to the global pharmaceutical and biotech industries across a variety of therapeutic areas. The company is... Read More »
Webster Equity Partners-Backed CVAUSA Acquires Shore Heart Group
Cardiovascular Associates of America (CVAUSA), a portfolio group of private equity firm Webster Equity Partners, announced on June 8 that it acquired Shore Heart Group for an undisclosed price. Shore Heart Group provides cardiac care across seven locations in New Jersey. According to its website, the practice is run by 23 physicians and eight physician assistants. 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. This... Read More »
Hospitals Partnering with Private Equity: A Strategic Realignment
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 person and from follow-up conversations with panelists. Partnerships with private equity-backed groups and other non-traditional healthcare entities have created new opportunities for hospital systems to be even more strategic about their operations. One of the recurring themes discussed at the AHLA conference was that many traditional health systems are dealing with cash flow problems – and that partnerships with third-party groups represent a potential solution. As referenced in our previous article “A Growing Trend:... Read More »
KKR-Backed Covenant Physician Partners Adds a New ASC in Southern California
Covenant Physician Partners, a portfolio company of KKR, announced on June 6 its merger with Wilshire Center for Ambulatory Surgery. Wilshire Center for Ambulatory Surgery is an ambulatory surgery center (ASC) in Los Angeles, California. The ASC has two operating rooms. Covenant Physician Partners is a national physician services organization operating in 20 states in partnership with 70 practices and nearly 850 providers. It delivers a full range of administrative and clinical support functions to its partnered physicians and their staff. Covenant provides patient care in nine ASCs and seven physician practice locations throughout California. The addition of the Los Angeles MOB expands... Read More »Schedule a demo
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