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Top Five Private Equity Transactions of 2024
Private equity (PE) groups have experienced a decline in deal activity throughout 2024. There have been 664 deals completed by a PE (PE) firm and/or a portfolio company. This accounts for nearly 34% of the 1,943 healthcare transactions announced since January 1, 2024. This is a decrease from 2023 when PE transactions accounted for more than 35% of healthcare acquisitions (774 out of 2,199). In 2024, the sector that experienced the most PE investment was Physician Medical Group with 270 transactions. Here are five of the top PE transactions of 2024 KKR & Co. and Verital Capital acquire Cotiviti On February 14, KKR & Co. L.P. and Veritas Capital announced that... Read More »
Top 5 Physician Medical Group Deals of 2024
The Physician Medical Group (PMG) market experienced a decline in deal activity, totaling 455 transactions, compared to the 537 in 2023, and the 622 in 2022. The transactions varied in size and buyer time, with many of them small or independent practices getting purchased by large private equity groups. Dental was the most active specialty with 238 transactions reported since the start of 2024. Here are the top five PMG transactions of the year. Mission Cancer + Blood Purchased by University of Iowa Health Care On October 7, Mission Cancer + Blood was acquired by the University of Iowa Health Care (UIHC) for $280 million. Mission Cancer + Blood will continue... Read More »
Top 5 U.S. Hospital Deals of 2024
Hospital M&A activity has remained stable in the past few years, and based on preliminary results for 2024, it seems like the market kept the same pace. With only a couple of days before Christmas, there have been 67 Hospital deals announced, a marginal difference from the 75 announced in 2023 and 68 in 2022. Much of the activity has been driven by divestment from health systems, such as Tenet Healthcare, or from the bankruptcy proceedings of Steward Health Care. However, there was still a mix of health system mergers, community hospitals seeking larger partners, and deals in the international market. We plan to dig through the numbers and details in our upcoming Health Care Services... Read More »
Colliers’ U.S. Healthcare Capital Markets Advises on Athens, GA Transaction
Colliers’ U.S. Healthcare Capital Markets team announced that it advised on a medical outpatient building (MOB) acquisition by an undisclosed buyer. The property is a 36,678-square-foot MOB located in Athens, Georgia. The four-story facility is master-leased by Piedmont Healthcare on a long-term triple-net lease. The recently renovated MOB is adjacent to the 427-bed Piedmont Athens Regional Medical Center and serves in direct partnership with the neighboring hospital to deliver medical training and outpatient care to the surrounding community through the Piedmont Graduate Medical Education and Clay Community Care Clinic. The transaction closed on December 19, 2024. The... Read More »
Together Women’s Health Acquires Advanced Gynecology
On December 17, Together Women’s Health (TWH) announced that it acquired Advanced Gynecology, a Georgia-based urogynecology practice. Advanced Gynecology operates three locations in Georgia: Watkinsville, Atlanta and Roswell. According to its website, the practice has four providers, one physician assistant and two family nurse practitioners on staff. TWH is a management services organization (MSO) backed by Shore Capital Partners. The MSO supports its affiliated practices and physician partners with strategic guidance, administrative resources (including revenue cycle management, marketing, human resources, finance, accounting and IT), operational expertise and capital. Currently,... Read More »
beBright Acquires The Smile Spot Pediatric Dentistry & Orthodontics
On December 18, beBright announced that it acquired The Smile Spot Pediatric Dentistry & Orthodontics. The Smile Spot Pediatric Dentistry & Orthodontics is a pediatric dental practice with one location in Southbury, Connecticut. According to its website, there are two physicians on staff. BeBright is a doctor-owned and -led pediatric dentistry and orthodontic services organization based in Minnetonka, Minnesota. The company was created by New York-based private equity firm InTandem Capital Partners in June 2023. According to data in the LevinPro HC database, there have been 464th Physician Medical Group acquisitions announced throughout 2024, including 234 in the... Read More »
Guardian Pharmacy Enters New Jersey Through Partnership with Freedom Pharmacy
Atlanta, Georgia-based Guardian Pharmacy Services announced that Freedom Pharmacy is joining the Guardian family. This partnership expands Guardian’s Mid-Atlantic footprint and marks its first venture into New Jersey. Freedom Pharmacy is an independent long-term care (LTC) pharmacy based in Randolph, New Jersey. Founded in 2022 by a group of pharmacists, each with more than 35 years of industry experience, Freedom Pharmacy serves more than 1,300 residents. Guardian Pharmacy Services is one of the nation’s largest LTC pharmacy companies. Guardian’s pharmacies provide client services and resident care to long-term care communities, including assisted living and skilled nursing,... Read More »
Aspirion Expands Revenue Cycle Management Capabilities With Boost Healthcare Acquisition
Aspirion has announced the acquisition of Boost Healthcare, bolstering its revenue cycle management (RCM) services and furthering its mission to secure rightful reimbursement for healthcare providers through technology solutions. Boost Healthcare is an Alameda, California-based firm focused on helping healthcare providers identify and recover revenue. The Boost Healthcare team works to improve overall revenue by recovering denied and underpaid claims from commercial and government payers. Aspirion is a RCM company that helps hospitals and physicians recover otherwise lost claims revenue from motor vehicle accidents, workers compensation, the Veteran’s Administration and Tricare as... Read More »
PE-Backed Solis Mammography Enters San Antonio Market With Acquisition
Solis Mammography announced on December 17 that it has expanded into San Antonio, Texas with the purchase of Avestēe Women’s Imaging Centers. Avestēe Women’s Imaging Centers was founded in 2013 by radiologist Suzanne Dabbous, MD following the FDA approval of digital breast tomosynthesis, hoping to introduce the new technology to south-central Texas. Avestēe has grown to include four centers in San Antonio, with two more in the communities of Boerne and Spring Branch, Texas. Solis Mammography, a portfolio company of Madison Dearborn Partners since August 2018, is the largest independent provider of mammography and breast health services in the United States with more than 141... Read More »Schedule a demo
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