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Cardiovascular Associates of America Partners With Bay Area Cardiology Associates

Cardiovascular Associates of America Partners With Bay Area Cardiology Associates

by | Jun 30, 2023 10:56 am | Physician Medical Groups, Private Equity

Cardiovascular Associates of America (CVAUSA), a portfolio group of private equity firm Webster Equity Partners, has acquired Bay Area Cardiology Associates P.A. for an undisclosed price. Westcove Partners acted as the exclusive financial advisor to Bay Area Cardiology in the partnership. Bay Area Cardiology is a cardiovascular group practice with four locations across the Tampa MSA. Bay Area Cardiology has served patients in the region for more than 30 years. According to its website, the practice has 15 providers on staff. CVAUSA is a physician management services organization headquartered in Celebration, Florida. Through CVAUSA’s physician-centered practice management model, physicians... Read More »
PE-Backed UnisLink Acquires RCM Provider HST

PE-Backed UnisLink Acquires RCM Provider HST

by | Jun 28, 2023 10:04 am | eHealth, Private Equity

UnisLink has announced its acquisition of Healthcare Support Technologies (HST), a revenue cycle management (RCM) solutions provider based in New Brighton, Pennsylvania. HST provides medical billing, credentialing and medical coding services to independent physician practices, federally qualified health centers, rural health clinics and regional health systems across the United States. UnisLink, a portfolio company of Boston-based private equity firm Riverside Partners, is a national leader in revenue cycle and population health management services for independent physician practices. HST strengthens UnisLink’s position as a comprehensive provider of RCM solutions and expands the... Read More »
Gemspring Capital-Backed Zavation Acquires CoreLink

Gemspring Capital-Backed Zavation Acquires CoreLink

by | Jun 27, 2023 1:50 pm | Medical Devices, Private Equity

Zavation Medical Products, LLC, a portfolio company of Gemspring Capital, announced on June 26 that it has acquired CoreLink, LLC from The Stephens Group, LLC for an undisclosed price. According to data captured in the LevinPro HC database, this transaction marks the 62nd Medical Devices acquisition of 2023. The combination of Zavation and CoreLink brings together two highly complementary product portfolios across spine and interventional pain management, geographic footprints and customer bases spanning in-patient and outpatient delivery of care. Zavation and CoreLink will continue to operate under their respective brands and the combined business will be led by Zavation CEO Jeffrey... Read More »
H.I.G. Capital Acquires Advanced Dental Brands

H.I.G. Capital Acquires Advanced Dental Brands

by | Jun 26, 2023 2:36 pm | Physician Medical Groups, Private Equity

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 Partners With Digestive Health Center

by | Jun 23, 2023 3:18 pm | Physician Medical Groups, Private Equity

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

GLOSSARY: Key Financial Terms of Private Equity Transactions

by | Jun 20, 2023 12:35 pm | Private Equity

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 »