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Remote Patient Monitoring May Continue Growth Trend for the Rest of the Decade
Consistent annual growth in deal volume has characterized the remote patient monitoring (RPM) market in recent years. Projections throughout much of the rest of the decade support the possibility that the trend will continue. According to MarketsandMarkets, the size of the global RPM market in terms of revenue was estimated to be worth $71.9 billion in 2023 and is poised to reach $207.5 billion by 2028, growing at a compound annual growth rate of 23.6 percent from 2023 to 2028. RPM allows patients to be monitored for specific health conditions and can prevent complications for those who can’t easily travel, according to telehealth.hhs.gov. Symptoms and conditions that can be tracked... Read More »
Blue Arch Capital Acquires Medical Outpatient Building for $15.25 Million
Avison Young, a global real estate broker, announced on June 17 that Blue Arch Capital acquired a medical outpatient building (MOB) in Silver Spring, Maryland for $15.25 million. Doctors Medical Park consists of three buildings and totals approximately 98,000 square feet. It is spread over 4.8 acres of land and is situated about a mile north of Holy Cross Hospital. The complex’s current tenants include Community Radiology Associates, Fresenius, Capital Women’s Care and The Ladas Eye Group. The price is roughly $156 per-square-foot. Blue Arch Capital is a real estate private equity firm that acquires and operates core-plus and value-add properties in the United States. It is... Read More »
Specialized Dental Partners Acquires Two Dental Practices
Specialized Dental Partners (SDP) announced that it acquired two dental practices: Eastlake Endodontics and BC Perio. Eastlake Endodontics has one location in Roy, Utah. According to its website, it has two providers on staff: Dr. Jonathan Richards and Dr. Michelle Howe. BC Perio, based in Dallas, Texas, is run by Dr. Brad Crumps, who is supported by a team of eight employees. The practice specializes in treating periodontal disease as well as surgical treatments for dental issues. A portfolio company of private equity group Quad-C Management, SDP is a leading specialty dental service organization that provides comprehensive support services to endodontic specialists... Read More »
Interview with Robert Aprill, 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 Robert Aprill, Partner at Physician Growth Partners, to get his perspective on the market. How optimistic are you about the future of the PMG market within the next year or two? “I think there’s two forces at play so it’s a little bit of a complex answer. There’s going to be more Owners interested in selling and there’s going to be a lot of Buyers that are spooked by higher interest rates and broader headwinds in the PPM space. Physicians... Read More »
Siegfried Acquires Curia Global’s Early-Phase Manufacturing Site
Siegfried announced on June 13 that it was expanding its global contract development management organization (CDMO) abilities with the acquisition of an early-phase manufacturing site in Grafton, Wisconsin from Curia Global. The Wisconsin facility specializes in early-phase development and manufacturing services and employs more than 80 workers. Siegfried develops and manufactures active pharmaceutical ingredients for pharmaceutical clients with R&D programs, related intermediates and controlled substances. Siegfried also offers the development and production of finished dosage forms, including sterile fillings. It is based in Zofingen, Switzerland. Curia Global is a... Read More »
Heartland Dental Acquires Queens Road Dentistry
On June 7, Heartland Dental, based in Effingham, Illinois, announced that it acquired Queens Road Dentistry, a one-physician practice in Charlotte, North Carolina. Queens Road Dentistry specializes in general dentistry care as well as orthodontic care. The practice is led by Dr. Forrest Norman and a support staff of three employees. Heartland Dental is a dental support organization providing non-clinical, administrative support services with more than 2,600 doctors in more than 1,650 locations across 38 states. The company is majority owned by KKR, a global investment firm. This transaction marks Heartland Dental’s seventh acquisition of 2024. The financial terms... Read More »
Hyde Park Capital Advises Pinnacle Home Care on its Partnership with HCS-Girling
Hyde Park Capital announced on June 13 that its client, Pinnacle Home Care, one of the largest home health care companies in Florida, has entered into a strategic partnership with HCS-Girling. Based in Brooklyn, New York, and founded in 2022, HCS-Girling is a premier provider of home health and home care services across multiple verticals. Offering services from senior home care to post-op assistance, HCS-Girling delivers compassionate companion care, including meal preparation, medication reminders, light housekeeping and errand running. Pinnacle Home Care, established in 2003, is a Medicare-certified and Florida-licensed healthcare company that provides home care services. Clinically... Read More »
Rehab Practice Management Purchases Top PT in Franklin, TN
Rehab Practice Management, LLC announced that it has acquired Top PT, a provider of outpatient physical therapy services located in Franklin, Tennessee. Rehab Practice Management, headquartered in Brentwood, Tennessee, operates 11 wholly owned outpatient clinics and provides rehabilitation management and therapy staffing services to hospitals. Rehab Practice Management CEO, John Hawes, commented: “This is an important acquisition for us, as it introduces us into the vibrant Nashville area healthcare market. Top PT is a highly respected provider of outpatient therapy services led by outstanding, experienced physical therapists Jody Swearingen PT; DPT and Dawn Duck PT; DPT. Jody and... Read More »
PE Firm Great Point Partners Acquires Germany-Based CDMO
Great Point Partners (GPP) announced on June 13 the acquisition of Lyocontract GmbH, a premium independent drug product contract development and manufacturing organization (CDMO) based in Ilsenburg, Germany. Founded in 2007, Lyocontract operates from a state-of-the-art pharmaceutical manufacturing facility providing aseptic liquid filling, lyophilization and packaging services. Compliant with the European Union’s Annex 1 standards, the CDMO specializes in the production of liquid and freeze-dried parenteral drugs, distributing globally for both clinical and commercial use. Founded in 2003 and based in Greenwich, Connecticut, GPP is a healthcare investment firm that has provided growth... Read More »Schedule a demo
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