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Sonic Healthcare Acquires Dr. Risch in Switzerland

Sonic Healthcare Acquires Dr. Risch in Switzerland

Sonic Healthcare announced this week that it agreed to pay CHF 117 million (approximately $131.7 million USD) for the acquisition of Dr. Risch.  Dr. Risch is a Switzerland-based second-generation family business. Since its founding in 1970, the laboratory has developed into a leading partner in the field of laboratory medicine diagnostics and today has 16 networked competence centers in Switzerland and Liechtenstein. The company has about 650 employees.  Founded in 1987, Sonic Healthcare is a global medical diagnostics company providing laboratory, pathology and radiology services. It has a presence in Australia, New Zealand, United States, United Kingdom, Germany, Switzerland,... Read More »
TriasMD Purchases Thousand Oaks Surgery Center

TriasMD Purchases Thousand Oaks Surgery Center

Newport Beach, California-based TriasMD has announced its acquisition of Thousand Oaks Surgery Center.  Thousand Oaks Surgery Center is an AAAHC-accredited, Medicare-certified ambulatory surgery center (ASC) In Thousand Oaks, California. The facility features four operating rooms, five private pre-op rooms, 11 recovery bays and two overnight suites for patients staying 23 hours or less.  TriasMD is a musculoskeletal management company. Using the data-driven model created by its subsidiary, DISC Surgery Center, TriasMD positions facilities to thrive, building a clinically integrated network of providers and monitoring the network’s quality.  The strategic acquisition... Read More »
MB2 Dental Acquires Dental Wellness of Anna 

MB2 Dental Acquires Dental Wellness of Anna 

MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners, announced on March 21 that it expanded its foothold in Texas with the acquisition of Dental Wellness of Anna.  Dental Wellness of Anna operates out of one location in Anna, Texas and, according to its website, has two providers on staff. The facility spans 3,030 square feet, featuring 11 state-of-the-art operation rooms.  MB2 Dental Solutions partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery.   The original press release notes that this acquisition is the 700th... Read More »
Arches Medical Partners Acquires 11 Internal Medicine Practices 

Arches Medical Partners Acquires 11 Internal Medicine Practices 

On March 20, Arches Medical Partners announced that it purchased 11 internal medicine practices in Rhode Island from VillageMD. The 11 practices employ a total 55 providers, according to the original press release.   Arches Medical Partners, founded in 2023, is a medical group management company. It is based in Cambridge, Massachusetts.   This transaction is Arches’ first acquisition since it was formed. Sidley Austin provided Arches with legal representation. Terms were not disclosed.   According to data captured in the LevinPro HC database, this transaction marks the 122nd Physician Medical Group (PMG) deal of 2024, and the eighth in the internal medicine specialty.... Read More »
PE Firm Waud Capital Partners Acquires Senior Helpers

PE Firm Waud Capital Partners Acquires Senior Helpers

Waud Capital Partners announced on March 21 the acquisition of Senior Helpers, one of the national leaders in home care and wellness offerings for seniors. Waud Capital is acquiring Senior Helpers from Illinois-based Advocate Health, the third-largest nonprofit health system in the nation. Timonium, Maryland-based Senior Helpers operates through more than 380 franchised and corporate-owned locations that span 44 states, Canada and Australia. These locations provide seniors home care and wellness services, including meal planning, grocery shopping, medication reminders, transportation, companionship and assistance with personal hygiene. It also offers special programs for chronic... Read More »
Syllable Announces Purchase of Actium Health

Syllable Announces Purchase of Actium Health

Syllable announced its purchase of Actium Health, which will operate as a division of Syllable following completion. Actium Health provides consumer engagement utilizing health-system data intelligence. Its solutions help health systems drive patient volume by accelerating inbounding patients’ access to care through care navigation and identifying the most valuable and highest-risk patients for outreach. Syllable is a healthcare services company powered by artificial intelligence. Syllable helps patients gain access to primary care, specialty care and emergency care. Syllable also helps patients gain access to their medical record, assists with prescription refills and vaccinations.... Read More »
PE Firm Fletch Equity Buys Autism Spectrum Interventions

PE Firm Fletch Equity Buys Autism Spectrum Interventions

Private equity investor Fletch Equity announced that it has purchased Fullerton, California-based provider Autism Spectrum Interventions (ASI).  Founded in 2009, ASI is a provider of applied behavior analysis therapy in home- and school-based settings. The company works with school districts, Medi-Ca, Medicaid and several commercial health plans.  Founded in 2019, Fletch Equity is a firm focused on the lower-middle market. The company is headquartered in Los Angeles, California and prefers to invest in growth-stage companies through buyouts.  According to Fletch Equity, the ASI acquisition marks the firm’s thirteenth acquisition in the last 33 months. Mergers and... Read More »
Montecito Medical Acquires MOB Portfolio in Wisconsin

Montecito Medical Acquires MOB Portfolio in Wisconsin

Montecito Medical Real Estate announced on March 19 that it has acquired two buildings in the Milwaukee suburb of Germantown, Wisconsin. The two adjacent properties encompass a total of 92,573 square feet. The medical office building (MOB) portfolio is 100% occupied by Advocate Aurora Health, the third-largest nonprofit, integrated health system in the United States, operating more than 65 hospitals and 1,000 care sites. Providers at both properties deliver a wide range of health services. One of the buildings includes an ambulatory surgery center with six operating rooms and MRI/CT imaging. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since... Read More »
Panoramic Health Acquires The Kidney and Hypertension Center 

Panoramic Health Acquires The Kidney and Hypertension Center 

Panoramic Health announced on March 19 that it entered into an agreement to partner with The Kidney and Hypertension Center (KHC).   KHC is one of the largest independent nephrology practices in Cincinnati, Ohio. According to its website, the practice has 34 physicians and 11 nurse practitioners on staff. KHC treats roughly 2,500 stage 4 and stage 5 chronic kidney disease patients and more than 1,700 end-stage kidney disease patients out of 23 locations.  Panoramic Health is a physician-led kidney care organization. Panoramic Health’s Clinical Research division partners with sponsors and clinical research organizations to bring treatments to patients with kidney... Read More »
TriasMD Purchases Thousand Oaks Surgery Center

NewStreet Properties Acquires East Mesa ASC 

NewStreet Properties, based in Omaha, Nebraska, announced on March 20 that it acquired an ambulatory surgery center (ASC) in East Mesa, Arizona. The property is located next to Banner Baywood Medical Center and was built in 2002.  NewStreet Properties is a real estate investment firm. According to its website, as of March 2024, it owns more than 2.8 million commercial square feet and has more than $1 billion assets under management.  The original press release notes that New Street Properties has plans to expand the property by building a 5,214-square-foot addition to the current ASC. The financial terms of the transaction were not disclosed.  According to data captured in... Read More »