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NMS Capital-Backed Flourish Research Partners With ENCORE Research Group
NMS Capital portfolio company Flourish Research announced that it has partnered with ENCORE Research Group, headquartered in Fleming Island, Florida. ENCORE Research Group is a clinical research organization with eight locations across Northern Florida. Since its inception in 1997, ENCORE has conducted more than 3,200 clinical trials across more than 50 therapeutic areas. ENCORE has expertise across multiple therapeutic areas including cardiology, metabolic, neuroscience, gastroenterology, orthopedics, autoimmune, pediatrics, early phase and infectious disease. Based in New York City, Flourish Research is a fully integrated clinical trial organization in North America. The company has... Read More »
MB2 Dental Solutions Acquires 4 Practices in June, Entering 42nd State
On June 24, MB2 Dental Solutions, a dental service organization (DSO) based in Carrollton, Texas, announced that it has acquired four practices in June 2024. Hanna G. Hanania DDS, PC is a three-provider dental practice in Dale City, Virginia led by Dr. Hanna Hanania. Based out of La Jolla, California, La Jolla Family Smile Design is a dental practice with four providers on staff. Children’s Dentistry of Abilene is a pediatric dental practice with one location in Abilene, Texas. According to its website, the practice is run by one physician: Dr. Norm Poorman. Pray Family Dentistry is a two-physician dental practice with one location in Anderson, South Carolina.... Read More »
Sacramento, California Medical Outpatient Building Sold
On June 26 Colliers U.S. Healthcare Capital Markets announced the closing of a healthcare real estate property. The financial terms of the transaction were not disclosed. The property is a 103,652-square-foot, medical outpatient building (MOB) and ambulatory surgery center (ASC) in Sacramento, California. It is 88% occupied by Sutter Health providing health care services that include family medicine, internal medicine, bariatrics and PT/ST/OT, along with specialty suites that include an urgent care clinic, on-site laboratory, infusion clinic and an ambulatory surgery center. According to data captured in the LevinPro HC database, there have been 92 MOB transactions since... Read More »
Interview with John Tiedmann at Physician Growth Partners
We are always interested in the opinion of advisors, and other industry experts, regarding the Physician Medical Group (PMG) market. So, we put out a pulse survey to get a better feel of the current environment. From this survey, we spoke with John Tiedmann, Managing Director at Physician Growth Partners, to get his perspective on the market. HOW OPTIMISTIC ARE YOU ABOUT THE MARKET, SCALE OF 1-5 I said ‘four’, so I am optimistic but not overly so. I’m optimistic because the market seems to be settling into a new norm. Over the last 18 months, market players have made peace with valuations, particularly sellers and physicians who realize that multiples might be lower than where they were... Read More »
GHR Healthcare Expands Locum Tenens Services With United Anesthesia Acquisition
Plymouth Meeting, Pennsylvania-based GHR Healthcare announced on June 26 the acquisition of United Anesthesia, marking a significant step in GHR Healthcare’s mission to expand its advanced practice and locum tenens staffing services. United Anesthesia, established in 1979 and headquartered in Greensboro, North Carolina, is a leading provider of nurse anesthetists and anesthesiologist staffing. GHR Healthcare, founded in 1993, offers comprehensive workforce solutions in clinical and nonclinical healthcare, including nursing, allied health, revenue cycle management, healthcare IT and education. Serving professionals, healthcare facilities, school districts and community-based... Read More »
DuPont to Acquire Donatelle Plastics
DuPont announced it has signed an agreement to acquire New Brighton, Minnesota-based Donatelle Plastics. The transaction is expected to close in the third quarter 2024, subject to satisfaction of customary closing conditions and receipt of regulatory approvals. Donatelle Plastics is a medical device contract manufacturer specializing in the design, development and manufacture of medical components and devices. Founded in 1967, Donatelle Plastics has a workforce of more than 400 employees and operates a facility strategically located in a medical technologies hub near leading original equipment manufacturers. DuPont is an American multinational company that produces various products... Read More »
Brightspring Health Services Acquires Haven Hospice for $60 Million
On June 24, BrightSpring Health Services, a portfolio company of New York-based private equity firm KKR & Co., announced that it was purchasing a home health organization for $60 million. North Central Florida Hospice, Inc. and Haven Medical Group, LLC are collectively known as Haven Hospice, a Florida-based company holding a Certificate of Need (CON) for comprehensive hospice care services in 18 counties in north central Florida. Founded in 1974, BrightSpring is a leading provider of diversified home and community-based health and pharmacy services to medically complex and high-need populations. Close to 80% of the company’s health care services are provided in the home.... Read More »Qualitas Dental Partners Acquires Three Rhode Island Dental Practices
On June 19, Qualitas Dental Partners, a premier dental partnership based in the greater Boston MSA, announced that it purchased three dental practices in Rhode Island. The practices were not disclosed but include a general dentistry practice in central Rhode Island known for its patient-centered approach and high-quality care; a multi-specialty practice that has been in business for several generations; and an oral and maxillofacial surgery center specializing in a wide range of surgical procedures and dental implants. This is Qualitas Dental Partners’ third transaction of 2024. In total, the company has purchased eight dental practices in Rhode Island and Massachusetts.... Read More »
