Pinnacle Treatment Centers Acquires MBA Wellness Center
Pinnacle Treatment Centers, a portfolio company of private equity firm Linden Capital Partners, announced on December 8 its acquisition of MBA Wellness Center in Stockbridge, Georgia. According to the LevinPro HC database, this marks the 96th Behavioral Health Care transaction of 2022 and the 40th in the substance use disorder speciality. This is Pinnacle’s second acquisition in six months. Pinnacle entered the Georgia market in August 2020 when it purchased HealthQwest, an opioid addiction treatment provider with five locations. MBA Wellness Center will take the HealthQwest name, and together, the six centers will help more than 1,300 patients every day overcome opioid use disorder. Terms... Read More »
BayMark Health Services Acquires Addiction Treatment Provider Nashville Recovery
BayMark Health Services announced its acquisition of Nashville Recovery, an office-based opioid treatment (OBOT) program approximately 10 miles south of Downtown Nashville. This acquisition expands BayMark’s OBOT program total to 70 locations across 19 states. Terms of the deal were not disclosed. Established in 2017, Nashville Recovery provides OBOT services to individuals living with an opioid use disorder, via in-office and telemedicine visits. BayMark Health Services, a portfolio company of private equity firm Webster Equity Partners, provides medication-assisted treatment for opiate addiction and dependency to more than 73,000 patients across more than 400 treatment facilities... Read More »
Hillhouse Acquires CRO George Clinical
George Clinical announced on December 9 that it has entered into a sale agreement with Hillhouse, a Beijing-based global investment firm with deep experience in partnering with and supporting healthcare businesses. The George Institute will hold a minority stake in George Clinical following the acquisition and will maintain a collaboration in applicable scientific areas such as in the Global Kidney Patients Trials Network. BofA Securities acted as lead financial advisor on the transaction and Lazard Australia acted as co-advisor. Herbert Smith Freehills LLP acted as legal advisor on the transaction. Financial terms of the transaction were not disclosed. George Clinical is a global clinical... Read More »
Reliable Medical Acquires DME Provider Orbit Medical
Reliable Medical, a portfolio company of Seven Hills Capital since November 2018, announced its acquisition of Orbit Medical. As part of the transaction, Seven Hills Capital and its management have re-invested into Reliable Medical to support the Orbit partnership and fund future growth through new locations and partnerships. Orbit Medical is one of the Midwest’s largest durable medical equipment (DME) providers serving more than 30,000 patients annually, operating in Illinois, Michigan and Wisconsin. The company specializes in power mobility, complex rehab, home respiratory, orthotic devices, general DME and pain management supplies. Reliable Medical provides complex rehab technology,... Read More »
U.S. Oral Surgery Management Closes $125 Million Credit Expansion
U.S. Oral Surgery Management (USOSM) announced on December 6 that it closed a new round of funding, a $125 million credit expansion that will position USOSM for growth and expansion in 2023. A portfolio company of Oak Hill Capital Partners, USOSM is a management services organization (MSO) focused on oral and maxillofacial surgeons (OMS) founded in 2017. USOSM has partnered with more than 170 OMS practice locations across 24 states. According to data captured in LevinPro HC database, USOSM has completed nine acquisitions in 2022. The acquired practices are spread across Kentucky, Tennessee, Kansas, Texas, Illinois, Michigan, California, Florida, Indian and Virginia. And, according to... Read More »Schedule a demo
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