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 »
Elevate ENT Enters Louisiana with Acquisition of Louisiana Ear, Nose, Throat and Sinus
Elevate ENT Partners, backed by Audax Private Equity, announced on May 30 that it acquired Louisiana Ear, Nose, Throat and Sinus (LENTS). The transaction makes LENTS the first Elevate ENT practice in the state of Louisiana. Financial terms of the deal were not disclosed. LENTS provides patients in the Baton Rouge and surrounding communities with ear, nose and throat (ENT) and sinus treatment. According to the company’s website, there are 14 physicians 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. It provides scalable infrastructure to help practices reach the next... Read More »
Trinity Hunt Partners Announces Majority Investment in Centricity Research
Trinity Hunt Partners announced on May 31 a majority investment in Centricity Research, a leading clinical research services provider specializing in conducting Phase I-IV clinical trials across more than 40 therapeutic areas. With more than 35 locations across the United States and Canada, Centricity has the capabilities and expertise to partner with pharmaceutical sponsors and contract research organizations in the design and execution of clinical trials. The company’s centralized processes, patient recruitment capabilities, integrated technology and dedicated team of clinical research professionals have conducted more than 2,500 studies and more than 100 FDA and Health Canada drug... Read More »Schedule a demo
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