Scanmed Acquires Ars Medical
Scanmed, backed by Abris Capital Partners, announced its acquisition of Ars Medical on November 24. With this acquisition, Scanmed will become the largest independent healthcare provider in Poland, broadening and strengthening Scanmed’s position. Additionally, the acquisition will expand the company’s presence in north-west Poland. The financial terms of the acquisition were not disclosed. Scanmed is a healthcare provider in Poland, offering a wide range of medical services within primary care, outpatient specialist consultations, diagnostics and inpatient/hospital treatment. The group operates in more than 40 locations across Poland and runs two multi-specialist hospitals, 13... Read More »
PE-Backed Excelsior, Rendr Merge to Serve the Asian American Community in New York
Private equity-backed Excelsior Integrated Medical Group and Rendr announced on November 28 that they will combine to form a New York City-based integrated multi-specialty medical group and related professional management service organization dedicated to providing value-based health care to the Asian community. The combined enterprise, which will operate under the name Rendr, will include approximately 200 providers operating out of nearly 100 medical sites across the New York City boroughs of Brooklyn, Manhattan, Queens and Staten Island. The new venture is backed by Ascend Capital Partners and Kain Capital LLC, two healthcare-focused private equity firms. Rendr, backed by Ascend Capital... Read More »
Excelsior Capital Acquires Chattanooga MOB
Nashville-based private equity firm Excelsior Capital has purchased a 17,837-square-foot medical office building (MOB) in Chattanooga, Tennessee for $7.4 million, or approximately $415 per square foot. The MOB was built in 2014 and houses the Center MedSpa on the first floor and the Center for Integrative Medicine on the second floor. The property is at 100% occupancy and the 1.2-acre site includes both on-street and off-street parking. Excelsior Capital is a real estate private equity firm based in Nashville, Tennessee. Excelsior Capital typically targets stable assets, typically in the $8 million to $20 million range, in healthy submarkets that have a strong history of occupancy. ... Read More »
ARCH Medical Acquires Alpha Manufacturing & Design
ARCH Medical Solutions, a platform company of middle-market private equity firm The Jordan Company, announced on November 21 its acquisition of Alpha Manufacturing & Design. The acquisition adds to the depth and breadth of the ARCH Medical portfolio of precision-manufacturing solutions. Terms of the deal were not disclosed. Alpha Manufacturing & Design is a precision contract manufacturer for the orthopedic industry, specializing in highly engineered and complex surgical devices for spine, trauma, large joint and dental applications. ARCH Medical Solutions is a consolidated contract manufacturer for orthopedic and dental implants and instruments, as well as components and... Read More »
