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Dental365 Acquires Brush & Floss Dental Center
On December 3, Dental365, a portfolio company of the private equity firm The Jordan Company since 2021, announced that it acquired Brush & Floss Dental Center. Brush & Floss Dental Center is a general dentistry practice based out of one location in Stratford, Connecticut. Brush & Floss Dental Center offers additional services such as sleep apnea treatments, dental implants and teeth straightening. According to its website, the practice is run by five physicians. Dental365 is a full-service family dental practice and support organization with locations throughout New York, Connecticut, New Jersey, Pennsylvania, New Hampshire, Massachusetts and Rhode... Read More »
PAM Health Expands Presence in Indiana With Acquisition of Southern Indiana Rehabilitation Hospital
PAM Health announced its acquisition of Southern Indiana Rehabilitation Hospital, effective December 3, 2024. The hospital will now operate as PAM Health Rehabilitation Hospital of Greater Indiana North. Based in New Albany, Indiana, Southern Indiana Rehabilitation Hospital offers inpatient and outpatient rehabilitation services. The New Albany facility holds certifications from The Joint Commission and the Commission on Accreditation of Rehabilitation Facilities. It has 60 beds. Founded in 2006, PAM Health, formerly Post Acute Medical, is a healthcare company that provides post-acute care services for patients with injuries, illnesses and disabilities. PAM Health has facilities in... Read More »
U.S. Physical Therapy Acquires Eight-Clinic Hand and Physical Therapy Practice in Wyoming
U.S. Physical Therapy, Inc., a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced on December 2 the acquisition of a hand and physical therapy practice with eight clinic locations in Wyoming. According to the original deal press release from December 2, 2024, the acquired practice currently generates approximately $6.5 million in annual revenues and 43,000 in annual visits. Founded in 1990, U.S. Physical Therapy operates more than 764 outpatient physical therapy clinics in 43 states. The company’s clinics provide preventive and post-operative care for a variety of orthopedic-related disorders and sports-related... Read More »
Healthcare M&A Volume Drops by More Than 30% in November
The healthcare M&A market slowed significantly in November, according to preliminary data in our LevinPro HC database. You could blame the holiday season or a few other extraneous events, but volume plunged by 31% compared with activity in October, dropping from 175 deals to just 120. Change in year-over-year volume was even more pronounced, falling by 34% compared with activity in November 2023. Although we expect to find more deals in the coming weeks (and from future SEC filings), November has been the slowest month of the year, with healthcare M&A numbers averaging 160 deals per month. On the other hand, spending soared during the month. In November, announced spending hit... Read More »
Respiri Acquires the Business and Assets of Orb Health for $9 Million
On November 26, Respiri Limited announced that it entered into an agreement with Orb Health, Inc. to acquire its business and assets for $9 million. The business and assets of Orb Health, Inc. include remote patient monitoring (RPM) and chronic care management services. Orb Health was founded in 2011 and is based in Richardson, Texas, a suburb of Dallas. Based in Melbourne, Australia, Respiri Limited is an e-Health SaaS company supporting respiratory health management. The company offers respiratory RPM. Respiri’s technology detects wheeze, a typical symptom of asthma, chronic obstructive pulmonary disease and respiratory disease to provide an objective measure of... Read More »
Montecito Medical Buys Bloomington, Illinois MOB
Montecito Medical Real Estate is acquiring a 14,649-square-foot medical outpatient building (MOB) located in Bloomington, Illinois. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions involving more than $5 billion in medical real estate across the United States. Cross Keys Capital, a leading independent investment banking firm providing M&A advisory services to physician group practices and healthcare services companies, served as the exclusive financial advisor to the seller, MC Support Property, LLC, in the sale of the MOB. Cross Keys Capital’s deal team consisted of Bill Britton and Roy Barnes. MC... Read More »
Defying Trends: How Agenda Health is Achieving Record-Breaking Success in a Challenging Market
Healthcare M&A activity has been facing a decline in recent years, a trend highlighted by data captured in the LevinPro HC database. During the first three quarters of 2024, 1,101 healthcare services deals were announced—a drop of nearly 8% compared to the 1,191 deals recorded during the same period in 2023, and an 18% decline from the 1,340 deals completed in the first three quarters of 2022, which was a record-breaking year for healthcare M&A. Across all healthcare verticals, including the healthcare technology sectors, the total number of deals in the first three quarters of 2024 stood at 1,510, reflecting a more than 10% decrease from the 2023 figures, and a nearly 20% drop... Read More »
McLaren Health Care Acquires Park Medical Centers
On November 25, McLaren Health Care announced that it acquired Park Medical Centers for an undisclosed price. Park Medical Centers is a group of 10 primary care health clinics heavily concentrated in communities throughout Wayne, Oakland and Macomb counties in Michigan. According to the press release, there are 21 providers on staff that serve 36,000 patients. McLaren Health Care is a fully integrated health network comprising 15 hospitals in Michigan and Ohio, a 490-member employed primary and specialty care physician network, outpatient centers, home health and hospice services and medical plans covering more than 588,000 lives in Michigan and Indiana. “Park... Read More »
Arlington Capital Partners Acquires TEAM Technologies
Arlington Capital Partners, a private equity firm based in Washington, D.C., announced on November 25 that it entered into an agreement to acquire TEAM Technologies. TEAM Technologies is a design and manufacturing partner to many of the world’s leading brands in the dental, medical and cosmetic industries. TEAM Tech is a leading provider of specialized manufacturing and strategic supply chain solutions to blue-chip healthcare customers. It was sold by Clearlake Capital Group, L.P., a private equity group based in Santa Monica, California. Before Clearlake purchased the company in 2018, TEAM was owned by The Riverside Company, a private equity firm based in New York... Read More »Schedule a demo
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