Private Equity Dominates Dermatology
The dermatology space has proven to be worth watching in recent years. From January 1, 2022, through November 11, 2022, there have been 29 dermatology deals announced, according to the LevinPro HC database. This compares to the 25 deals during the same timeframe in 2021. Through the first two weeks of November, there were 23 deals announced in 2019. The same period of time in 2020 saw a decline in deal volume with 14 transactions with the drop attributed to the COVID-19 pandemic. Partners Group’s acquisition of Forefront Dermatology represents the largest purchase price within the dermatology subsector this year for $1.5 billion. OMERS Private Equity was the seller. Forefront... Read More »
Smile Doctors Expands Into Two New States
Smile Doctors, LLC announced on November 11 that during Q3:22 it acquired eight orthodontic practices. The practices acquired are Graham Orthodontics in Salt Lake City, Utah; Whitlock Orthodontics in Springdale and Fort Smith, Arkansas; Roanoke Valley Orthodontics in Roanoke and Rocky Mount, Virginia; Fruge Orthodontics in Baton Rouge and Gonzales, Louisiana; Prairie Ridge Orthodontics in Owatonna and Zumbrota, Minnesota; Boren Orthodontics in Midland, Texas; Belli and Streit Orthodontics in Kent, Ohio; and Dr. Jill Bruno Orthodontics in Chevy Chase, Maryland. Smile Doctors, a portfolio company of Linden Capital Partners since 2017, is an orthodontic dental support organization... Read More »
Sight360 Acquires the practice of Larry Goldberg
Sight360, a portfolio company of SBJ Capital, acquired the ophthalmology practice of Larry Goldberg. The financial terms of the transaction were not disclosed. Led by Larry Goldberg, MD, the practice has one location in St. Petersburg, Florida. Dr. Goldberg has practiced for 30 years and specializes in cataract and intraocular lens surgery, glaucoma treatment and dry eye therapy. Sight360 provides integrated vision care services, including ophthalmology, optometry, optical services and related surgeries at 18 locations in the Tampa, Florida region. This acquisition strengthens Sight360’s presence in Florida and marks Sight360’s second acquisition of the year. Previously,... Read More »
Zelis Acquires Healthcare Payment Provider Payspan
Zelis announced on November 9 the completion of its acquisition of Payspan, a provider of healthcare electronic payment and reimbursement automation services. Terms of the transaction were not disclosed. FT Partners served as the exclusive financial and strategic advisor to Payspan for this transaction. Payspan was represented by Goodwin Procter LLP and Zelis was represented by Kirkland & Ellis LLP. With 18 years of industry presence, Payspan leverages a large healthcare payment network and flexible payment modalities to drive value-based care reimbursement, improve the patient experience and reduce costs. Payspan connects more than 600 health plans, 1.3 million provider payees and... Read More »
Rock Dental Brands Acquires Coastline Orthodontics
Rock Dental Brands announced its acquisition of Coastline Orthodontics, marking Rock Dental Brands’ third transaction of 2022. Backed by The Vistria Group, Rock Dental Brands is a practice management group started by dentists that provides support to general and dental specialist affiliates, including Westrock Orthodontics, Leap Kids Dental, Rock Family Dental and Impact Oral Surgery and a host of other independent brands. Coastline Orthodontics was founded in 1985 and has two locations in Jacksonville, in addition to clinics in Fernandina Beach and Macclenny, Florida. It is run by six providers. With this acquisition, Rock Dental Brands now manages 102 dental offices in Arkansas,... Read More »Schedule a demo
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