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Access Physical Therapy & Wellness Partners With Kentucky-Based Firm
Access Physical Therapy & Wellness (also called Access PT) announced that it has partnered with Kentucky-based Confluent Health. This marks Confluent Health’s 16th acquisition since May 2019. Access PT provides physical, occupations, pelvic health and hand therapy in 66 locations in Pennsylvania, Connecticut, New York and North Carolina. Confluent Health, a portfolio company of Swiss-based private equity firm Partners Group, is a family of physical and occupational therapy companies transforming healthcare by strengthening private practices, developing highly effective clinicians, innovating new services and technology to improve the quality of care for patients and lowering costs via... Read More »
Innara Health Acquired by Previous Investor Cardinal Health
Innara Health announced on May 14 that it has been acquired by one of its previous investors, global healthcare company Cardinal Health Inc. Innara Health was founded in Kansas, Olathe in 2012 after it bought the physical and intellectual property for the NTrainer system from KC Biomedix. Innara is a neonatal medical device company developing feeding technology for premature infants, full infants, newborns and children. Cardinal Health invested an undisclosed amount in Innara in April 2022. Cardinal Health is an American multinational healthcare services company, and the 14th-highest revenue-generating company in the United States. Cardinal Health provides pharmaceutical and medical... Read More »
An Overview of the Internal Medicine M&A Market
The internal medicine specialty, within the Physician Medical Group (PMG) sector, isn’t particularly known for its M&A activity. In fact, it’s considered one of the less active subsectors, averaging approximately 8% of the PMG totals. Yet, internal medicine’s M&A volume has increased substantially between 2018 and 2023, making it an interesting specialty to look into. According to data captured in the LevinPro HC database, in 2018, eight eight internal medicine transactions were reported, which more than doubled in 2019 and 2020 when 19 and 25 deals were reported, respectively. There was another surge of deal activity in 2021 with 40 transactions and a slight increase to 41... Read More »
MB2 Dental Acquires Scheich Family Dentistry
On May 7, MB2 Dental Solutions announced that it was expanding its presence in Colorado with the acquisition of Scheich Family Dentistry. Scheich Family Dentistry is a dental practice with one location in Castle Pines, Colorado. According to its website, the practice is run by a dedicated team of three providers. MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners since February 2021, partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery. This transaction marks MB2’s 25th acquisition of 2024, expanding its presence by... Read More »
Thomas H. Lee Partners Acquires Agiliti for $2.5 Billion
Thomas H. Lee Partners, L.P. (THL) announced that it acquired the remaining share of Agiliti, Inc. for $10.00 per share, implying a total enterprise value of $2.5 billion. Agiliti is an essential service provider to the U.S. healthcare industry with solutions that help support a more efficient, safe and sustainable healthcare delivery system. Agiliti serves more than 10,000 national, regional and local acute care and alternate site providers across the country. According to the company’s financial statements, it reported $1.2 billion in revenue for the full year 2023. THL is one of the world’s oldest and most experienced private equity firms. Since 1974, it has... Read More »
Heartland Dental Acquires Macedonia Dental Arts
On May 6, Heartland Dental, a portfolio company of KKR & Co. announced that it expanded its presence in Ohio with the acquisition of Macedonia Dental Arts. According to data captured in the LevinPro HC database, this transaction represents the 187th Physician Medical Group acquisition of 2024, 91 of them in the dental specialty. Macedonia Dental Arts is a dental practice with one location in Macedonia, Ohio. It is run by Dr. Ronald W. Simonsen. 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. This transaction marks Heartland Dental’s... Read More »
Medline Acquires Ecolab’s Surgical Solutions Business for $950 Million
Medline Industries announced that it was acquiring Ecolab’s surgical solutions business for $950 million. The deal encompasses the entire portfolio of products from Ecolab’s Microtek Medical line, which includes a variety of common hospital sanitation and personal protective equipment for healthcare workers. Medline Industries is a global manufacturer and distributor of medical supplies and clinical solutions. Headquartered in Northfield, Illinois, Medline has more than 34,000 employees worldwide and does business in more than 125 countries and territories. This deal will provide Medline with sterile drape solutions for surgeons and Ecolab’s fluid temperature management... Read More »
Arbor Biotechnologies Acquires Serendipity
Arbor Biotechnologies announced on May 8 that it entered into an agreement to acquire Serendipity Biosciences. The financial terms were not disclosed. Serendipity Biosciences is a private biotechnology company focused on the discovery of unique gene editing technologies. Serendipity’s novel editing technologies were discovered in the lab of leading gene editing researcher and Arbor Biotechnologies co-founder, Feng Zhang, of the McGovern Institute for Brain Research at MIT and the Broad Institute of MIT and Harvard. Arbor Biotechnologies is a next-generation gene editing biotechnology company based in Cambridge, Massachusetts. It is focused on discovering and developing... Read More »
Smile Partners USA Expands in Georgia and Illinois
Smile Partners USA has announced that it acquired two dental practices: Family Dental Group and Petrie, Storer & Associates. Family Dental Group is a family dental practice in Decatur, Georgia. According to its website, there are four providers on staff. Petrie, Storer & Associates is a dental practice with one location in Chicago, Illinois. According to its website, the practice is run by a team of three providers. Smile Partners USA is a management support organization that offers back-office resources and services to premier, independent private dental practices and boutique group practices throughout Michigan, Georgia, Illinois and Alabama. It is backed by... Read More »Schedule a demo
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