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Integrated Spine and Joint Institute Joins Physician Partners of America
Physician Partners of America (PPOA) announced the addition of a new partner practice in Florida. Integrated Spine and Joint Institute (ISJI), led by interventional spine and pain management physician Amer Ansari, DO, will be joining the PPOA family. Based in Kissimmee, Florida, ISJI has one provider on staff. PPOA is a national healthcare company that manages a wide range of medical practices, which include interventional pain management, laser-assisted, minimally invasive spinal procedures, orthopedics, psychology, personal injury, worker’s compensation and ambulatory surgery centers. Dr. Ansari will continue to provide his patients at ISJI the same level of care.... Read More »
Smile Doctors Acquires 7 Practices
Smile Doctors, backed by Linden Capital Partners and Thomas H. Lee Partners, announced that in the last quarter of 2024 it added seven practices to its portfolio. The practices are Daniel S. Martin Orthodontics in Indiana; Murphy Orthodontics based in Louisiana; O’Leary Orthodontics in South Carolina; Fryar Orthodontics based out of Indiana; Virginia Orthodontic Partners in Virginia; Breha Orthodontics in Ohio; and DK Orthodontics in North Dakota. Smile Doctors is an orthodontic dental support organization with more than 415 locations in 28 states. The company is based in Georgetown, Texas. These new affiliations expand Smile Doctors’ network by 17 locations and... Read More »
American Oncology Network Welcomes New Practice in Maryland
The American Oncology Network, LLC (AON) announced that it is welcoming Maryland-based Bay Hematology Oncology to its expanding network of practices. Bay Hematology Oncology is a community-based medical oncology and hematology practice providing treatment for patients diagnosed with all types of cancer and blood disorders. The practice currently has clinic locations in Easton and Centreville, Maryland. According to its website, the practice has three providers on staff. AON is an alliance of physicians and healthcare leaders partnering to ensure the long-term success of community oncology. Founded in 2018, AON’s network represents more than 220 providers practicing across 20 states.... Read More »
MVPT Physical Therapy Partners With Genesee Valley Physical Therapy
MVPT Physical Therapy (MVPT) announced that it has partnered with Genesee Valley Physical Therapy (GVPT), expanding its services in New York. GVPT will now operate under the MVPT name. GVPT is a privately owned outpatient orthopedic practice that has been serving patients since 1987. The company has eight locations in the Rochester MSA. MVPT, an affiliate of Cypress Health Partners, has provided outpatient physical therapy services throughout New England since its inception in 1983. According to data captured in the LevinPro HC database, this acquisition marks the fifth Rehabilitation transaction of the year. During 2023, there were 50 Rehabilitation deals... Read More »
Hamilton Beach Health Acquires RPM Company HealthBeacon
Hamilton Beach Brands Holding Company announced that its Hamilton Beach Health subsidiary has acquired HealthBeacon, which has been a strategic partner of Hamilton Beach Health since 2021. The two companies had previously entered an exclusive multiyear agreement for Hamilton Beach Health to market and distribute HealthBeacon’s primary product in the United States. HealthBeacon develops connected devices that enable patients with chronic conditions to manage their injectable medication regimens at home and provides other health services. Founded in 2013 in Dublin, Ireland, HealthBeacon operates in the United Kingdom, Europe, North America and Australia. Its revenue model is... Read More »
Novo Holdings Acquires Catalent for $16.5 Billion
Novo Holdings A/S announced that it will acquire Catalent, Inc. in an all-cash transaction that values Catalent at $16.5 billion on an enterprise value basis. The purchase price represents a premium of 16.5% to the closing price of Catalent’s common stock as of February 2, 2024, the last trading day prior to the announcement, and a 47.5% premium to the 60-day volume-weighted average price as of February 2, 2024. Catalent is a contract development and manufacturing organization (CDMO) partner for personalized medicines, blockbuster drugs and consumer health brand extensions. The company was formed in April 2007 when affiliates of the Blackstone Group acquired the core of the... Read More »
Aquiline Capital Partners Makes Majority Investment in Health Prime International
Aquiline Capital Partners announced that it has made a majority investment in Health Prime International, headquartered in National Harbor, Maryland. Health Prime International provides practice management and revenue cycle management (RCM) solutions to medical practices across the United States. Founded in 2004, Health Prime provides RCM solutions to more than 800 clients across 50 specialties. Aquiline Capital Partners is a private equity firm that invests in businesses across the globe. It has more than $10 billion in assets under management, with a focus on investing in companies across the financial services and technology, healthcare and business services... Read More »
Why Invest in the Dental Market
Dental groups are among the most popular investments in the healthcare M&A and Physician Medical Group (PMG) space. In January 2024, there were 50 PMG acquisitions, according to data from the LevinPro HC database. Of those 50, 23 of them were in the dental specialty. This high deal volume continued from 2023, when 184 (34% of the PMG deals) dental transactions were reported, and 231 (37% of the PMG deals) were reported in 2022. In 2019, there were 42 dental transactions, which just shows how much the industry has grown over the past five years. With such high deal activity, the question of ‘why are investors so interested in this market?’ is often raised. While there are myriad... Read More »
