Lee Equity Partners Acquires Bradford Health Services

Lee Equity Partners Acquires Bradford Health Services

New York-based private equity firm Lee Equity Partners announced its acquisition of a majority ownership interest in Bradford Health Services, a substance use disorder treatment and recovery services provider in Birmingham, Alabama. Lee Equity acquired the company from private equity firm Centre Partners and certain other investors, with Centre Partners maintaining an ongoing equity stake. Terms of the transaction were not disclosed. Will & Emery acted as legal counsel to Lee Equity. Harris Williams and Coker Capital served as advisors and Dechert LLP and Burr Forman LLP acted as legal counsel to Bradford Health. Fifth Third and Comvest provided financing for the transaction. Through a... Read More »
A Conversation with Eric Kim at VSS Capital Partners

A Conversation with Eric Kim at VSS Capital Partners

The Healthcare Editorial team at LevinPro HC spoke with Eric Kim, a Principal at VSS Capital Partners. He is responsible for sourcing and evaluating investment opportunities, as well as providing strategic and operational support to portfolio companies. Mr. Kim recently worked on establishing a new partnership with Center for Rheumatology, a Los Angeles-based physician group led by Dr. Arash Horizon, who is a well-known board-certified rheumatologist Q: How was this deal initiated and what was your role in it? Did VSS reach out to Dr. Arash Horizon or vice versa? What was the process like?  Mr. Kim: Stout, an investment bank, brought the opportunity to us and we worked on the deal... Read More »
Unity MSK Strengthens Presence in Chicago MSA

Unity MSK Strengthens Presence in Chicago MSA

Unity MSK, backed by Trinity Hunt Partners, acquired Midland Orthopedic Associates, marking the 48th Physician Medical Groups (PMG) transaction of the quarter.  Unity MSK is a national platform providing support services to practices offering the full continuum of musculoskeletal care. It was formed by Trinity Hunt Partners in 2021. Midland Orthopedic Associates’ physicians offer advanced orthopedic care in sports medicine, hand, shoulder and upper extremity, hip and knee, foot and ankle, total joint replacement, arthroscopic surgery and trauma care. It has four locations in Illinois and is run by a team of six physicians.  This acquisition gives Unity MSK a stronger foothold in... Read More »
RoundTable Healthcare Partners Sells Symmetry Surgical to Aspen Surgical

RoundTable Healthcare Partners Sells Symmetry Surgical to Aspen Surgical

Aspen Surgical, a portfolio company of Audax Private Equity, announced that it purchased Symmetry Surgical Inc. The company was sold by RoundTable Healthcare Partners, LLC. Terms were not disclosed.  William Blair and Baird acted as financial advisors to Symmetry. Gibson, Dunn & Crutcher LLP acted as exclusive legal advisor to RoundTable. The sale was completed on October 27, 2022.  Founded in 1999, Aspen Surgical is a medical equipment manufacturer based out of Caledonia, Michigan. It manufactures products such as blades/scalpels, needles, wound closures and surgical clamps.  Symmetry Surgical develops and delivers innovative surgical instruments for clinicians. It... Read More »
MB2 Dental Expands Foothold in California

MB2 Dental Expands Foothold in California

MB2 Dental Solutions, backed by Charlesbank Capital Partners, announced on October 25 that it acquired Periodontics of the Desert. The financial terms of the transaction were not disclosed.  MB2 Dental Solutions partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery. Periodontics of the Desert, based in Palm Desert, California, offers a wide range of dental and periodontics services. It is owned by two doctors, Peter S. Warshawsky, DDS and Robert H. Lacrampe, DDS.  According to the LevinPro HC database, this acquisition marks MB2 Dental Solutions’ 31st acquisition, and fifth California... Read More »
National Medical Billing Services Acquires RCM Provider MedTek

National Medical Billing Services Acquires RCM Provider MedTek

National Medical Billing Services, a healthcare revenue cycle management (RCM) company serving the surgical market, has acquired Woodland Hills, California-based RCM provider MedTek, LLC. This partnership will further enhance National Medical’s position as the complete end-to-end provider of outsourced revenue cycle solutions serving ASCs, surgical practices and anesthesia groups. Neal, Gerber & Eisenberg and Ropes & Gray LLP served as legal counsel to National Medical. Lincoln International served as the exclusive financial advisor to MedTek for this transaction and Proskauer Rose LLP served as legal counsel to MedTek. Founded in 2001 and headquartered in Woodland Hills,... Read More »