PE-Backed Veranex Acquires Fusion Biotec

PE-Backed Veranex Acquires Fusion Biotec

Veranex, backed by Summit Partners, Accelmed and Laurexa Capital Partners, has acquired Orange, California-based Fusion Biotec. The combination of Veranex’s infrastructure and experience developing diagnostic services with Fusion’s concept-to-production model works to continue the focus of driving the development of diagnostic and medical technology services for regulatory and commercial use. Financial terms of the deal were not disclosed. Fusion Biotec is a contract engineering and manufacturing firm in southern California dedicated to the diagnostics and medical device industry. Fusion Biotec is ISO 13485 certified for development and manufacturing, FDA and FDB registered. Founded in... Read More »
​​Anne Arundel Dermatology Acquires Two Dermatology Clinics and One Dermatology Laboratory

​​Anne Arundel Dermatology Acquires Two Dermatology Clinics and One Dermatology Laboratory

Anne Arundel Dermatology Management (ADM) announced on December 14 that it purchased North Atlanta Dermatology and Dermatology Institute for Skin Cancer & Cosmetic Surgery, as well as the dermatology laboratory, SkinPath Solutions. ADM, a portfolio company of Ridgemont Equity Partners, is the largest dermatology provider in Maryland, with 19 locations and more than 35 providers offering general dermatology, advanced skin cancer treatments and cosmetic procedures. SkinPath Solutions is a privately owned, independent laboratory specializing in the diagnosis of skin, hair and nail disorders of all types. SkinPath serves clients across the Southeast with dermatopathologists licensed in... Read More »
Revelstoke’s The Care Team Acquires 1st Care Home Health and Care Hospice

Revelstoke’s The Care Team Acquires 1st Care Home Health and Care Hospice

The Care Team (TCT), a portfolio company of healthcare private equity firm Revelstoke Capital Partners, announced on December 14 that it completed the acquisition of 1st Care Home Health and Care Hospice. This transaction marks TCT’s fourth acquisition since partnering with Revelstoke in October 2019. Winston & Strawn LLP acted as legal counsel to TCT. Select members of the 1st Care leadership team will continue in management roles with TCT. Terms of the deal were not disclosed. 1st Care Home Health, founded in 2012, and Care Hospice, founded in 2016, provide home health and hospice services to patients in the greater Indianapolis area and surrounding counties. They are based in... Read More »
MB2 Dental Solutions Makes Eighth Acquisition in 2022

MB2 Dental Solutions Makes Eighth Acquisition in 2022

MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners since February 2021, announced on December 13 that it acquired Lancaster Pediatric Dentistry, a five-dentist practice with one location in Lancaster, Ohio. Lancaster Pediatric Dentistry offers pediatric dental care to Lancaster, Ohio and the surrounding areas. MB2 Dental Solutions partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery. MB2 Dental is based in Carrollton, Texas. This acquisition represents MB2 Dental’s 38th acquisition in 2022 and strengthens MB2’s position in Ohio.... Read More »
PE-Backed Tristone Healthcare Acquires Next Steps

PE-Backed Tristone Healthcare Acquires Next Steps

Tristone Healthcare, a portfolio company of Manchester-based private equity firm Tristone Capital, announced on December 13 its acquisition of K Bond Healthcare Ltd, doing business as Next Steps. Duke Royalty Ltd supported the transaction with a follow-on investment of £3.2 million (approximately $3.968 million) into existing royalty partner Tristone Healthcare to fund its acquisition. Duke Royalty has now invested £17.6 million (approximately $21.824 million) into Tristone Healthcare. Moore & Smalley acted as finance and tax advisor and St. Johns Legal acted as legal advisor for Tristone. Redwoods Dowling Kerr acted as broker, DHD & Co acted as accountants and Ison Harrison acted... Read More »
Care Fertility Acquires Reach Fertility

Care Fertility Acquires Reach Fertility

CARE Fertility, based in London, England, announced on December 13 that it acquired REACH Fertility. The Reproductive Endocrinology Associates of Charlotte (REACH Fertility) has been a leader in treating patients with fertility issues in Charlotte, North Carolina since 1988. It is run by 12 fertility physicians.  CARE Fertility is one of the largest independent providers of fertility treatments in the world with 28 practices across the United Kingdom, Ireland and Spain. Nordic Capital purchased CARE Fertility in March 2022. This acquisition is CARE’s first partnership in the United States and its first under Nordic Capital’s ownership. The financial terms of the transaction were... Read More »