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Rural Healthcare Group acquires 4 physician groups from HCA

Rural Healthcare Group acquires 4 physician groups from HCA

Nashville-based Rural Healthcare Group (RHG), backed by private equity firm Kinderhook Industries, announced on November 16 it purchased four middle-Tennessee primary care physician practices from HCA Healthcare. The acquisition brings the total number of practices owned by RHG to eight. Terms of the deal were not disclosed, but RHG Founder and CEO Benson Sloan said RHG can pay as much as seven figures per clinic. RHG is a multi-site primary care clinic operator focused on expanding primary care access in medically underserved areas and rural communities. RHG was launched by Kinderhook Industries in May 2022. According to the LevinPro HC database, this marks the 535th Physician Medical... Read More »
TeamHealth Acquires Acute Care Transitions

TeamHealth Acquires Acute Care Transitions

TeamHealth, a portfolio company of The Blackstone Group, announced its expansion in the Dallas-Fort Worth market with the acquisition of Acute Care Transitions, LLP, (ACT) an emergency medicine and advanced care at-home telehealth provider. TeamHealth provides outsourced medical care to more than 2,700 acute and post-acute facilities and physician groups nationwide. It has more than 15,000 affiliated healthcare professionals and advanced practice clinicians. TeamHealth was acquired by The Blackstone Group in October 2016 for $4.1 billion. According to the LevinPro HC database, this marks the 304th eHealth deal and the 50th telehealth transaction announced year-to-date. This is a slight... Read More »
ActivePro Rehab Partners Acquires 4 Oaks Physical Therapy

ActivePro Rehab Partners Acquires 4 Oaks Physical Therapy

ActivePro Rehab Partners, a physical and occupational rehabilitation care development firm owned by The Beekman Group, announced an expansion of the company’s portfolio into Maryland with the acquisition of 4 Oaks Physical Therapy, a rehabilitative therapy provider with six locations across Maryland. According to the LevinPro HC database, this marks the 76th Rehabilitation transaction of 2022. With the acquisition, 4 Oaks Physical Therapy will grow their physical presence through a significant expansion to serve additional Maryland communities. Terms of the deal were not disclosed. This marks the second acquisition by ActivePro Rehab Partners during November 2022 following the... Read More »
OrthoAlliance Acquires Central Indiana Orthopedics

OrthoAlliance Acquires Central Indiana Orthopedics

OrthoAlliance, backed by Beacon Orthopaedics and Revelstoke Capital Partners, announced on November 15 that it acquired Central Indiana Orthopedics. The transaction represents OrthoAlliance’s fifth acquisition of the year.  Founded in 1950, Central Indiana Orthopedics is an independent orthopedic practice that delivers care to patients with bone, joint and muscle injuries and conditions. The practice has locations in Anderson, Elwood, Fishers, Marion, Muncie and Winchester, Indiana, and is run by 26 doctors. OrthoAlliance, a physician-led management services organization (MSO) for orthopedic groups, was formed in 2019 in partnership with Beacon Orthopaedics and Revelstoke Capital... Read More »
EyeSouth Partners Acquires University Retina and Macula Associates

EyeSouth Partners Acquires University Retina and Macula Associates

EyeSouth Partners announced on November 15 that it purchased University Retina and Macula Associates (RUMA), marking the 530th Physician Medical Groups transaction of 2022.  EyeSouth Partners is an eye care services organization and is headquartered in Atlanta, Georgia. EyeSouth’s affiliate network consists of 34 practices with more than 275 doctors providing medical and surgical eye care services at more than 160 locations including 19 surgery centers throughout 11 states. EyeSouth supports its affiliated practices and physician partners with strategic guidance, administrative resources, operating expertise and capital. In September 2022, it received a significant growth investment... Read More »
Private Equity Dominates Dermatology

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 »