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Elevate ENT Partners Expands Reach with North Florida Acquisition
Elevate ENT Partners, backed by private equity firm Audax Private Equity, announced on October 2 its acquisition of North Florida Center for Otolaryngology. Since 1990, North Florida Center for Otolaryngology has offered otolaryngology and head and neck surgery services to the St. Augustine, Florida community. According to its website, the practice has three providers offering care across two locations. With more than 80 otolaryngology centers and 130 physicians, Elevate ENT Partners invests in private ear, nose and throat (ENT) and allergy practices across the United States. It provides scalable infrastructure to help practices reach the next level in terms of financial... Read More »
Flagship Acquires MOB in Fredericksburg, Virginia
Flagship Healthcare Properties announced on October 2 that it has acquired a 38,786-square-foot medical office building (MOB) and ambulatory surgery center in Fredericksburg, Virginia through its private real estate investment fund. SCCV Office Condominium Association sold the Class B asset for an undisclosed price. Fifth Third Bank provided the acquisition financing. Surgi-Center of Central Virginia, an affiliate of United Surgical Partners International, anchors the MOB property. Other tenants include HCA Virginia – Richmond Multi-Specialty, Fredericksburg Foot & Ankle Center and Allergy & Asthma Center of Fredericksburg. At the time of the sale, the building’s occupancy... Read More »
Montecito Medical Acquires MOB in Buffalo, New York
Montecito Medical Real Estate announced on September 28 that it acquired a 15,858-square-foot, two-story medical office building (MOB) in Buffalo, New York. The MOB is leased to WNY MRI a dominant provider of diagnostic imaging services in the Greater Buffalo and Niagara region. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. According to data captured in the LevinPro HC database, this represents the 157th MOB transaction of 2023, as well as Montecito’s 32nd MOB acquisition of the year. This is also the... Read More »
PE-Backed HealthComp and Virgin Pulse Merge
HealthComp and Virgin Pulse are merging. The transaction is valued at $3 billion, but officials from the company did not confirm this. The deal will create a single technology platform allowing patients and employers to manage health plans. According to data captured in the LevinPro HC database, this acquisition represents the 207th eHealth transaction of 2023, including 11 in the patient engagement specialty. Virgin Pulse is a digital-first health, wellbeing and navigation company that empowers organizations across the globe to activate populations, improve health outcomes and reduce spending. Virgin Pulse is backed by private equity firm Marlin Equity Partners. HealthComp, a New... Read More »PhyNet Dermatology Enters Nevada Market
On September 25, PhyNet Dermatology LLC announced its entry into Nevada with the acquisition of Academic Dermatology of Nevada. Academic Dermatology of Nevada provides high-quality dermatology care out of one location in the Las Vegas suburb of Henderson. According to its website, the practice is run by one physician, Dr. Curt Samlaska as well as a support team of four employees. PhyNet Dermatology, backed by Century Equity Partners, is a dermatology practice management company headquartered in Franklin, Tennessee. With more than 280 network providers at 115 locations in 17 states, PhyNet Dermatology offers administrative management and support that enables physicians to... Read More »
Hospice Care Transformed by Private Equity and Public Acquirers: Key Insights
In the evolving world of hospice care, private equity firms and publicly traded companies have made their mark, according to a recent study published in JAMA Network Open. The JAMA study looked at 1,967 U.S. hospice agencies, of which 158 were acquired by private equity firms and 250 were acquired by publicly traded companies. The data revealed a significant shift in the patient demographics and care approaches at hospice agencies acquired by private equity firms and publicly traded companies. This transformation seems geared towards maximizing profitability. According to the JAMA study, private equity-owned agencies saw a nearly 6% surge in patients with dementia... Read More »
Epiphany Dermatology Acquires St. Louis Dermatology Practice
CI Capital Partners’-backed Epiphany Dermatology announced its second transaction of the month with the purchase of Dr. Lee Portnoff, MD, PC’s dermatology practice. The financial terms were not disclosed. Dr. Portnoff operates out of one St. Louis, Missouri location. The practice is affiliated with St. Luke’s Hospital, a multi-specialty hospital in St. Louis with more than 180 physicians. Through its partnerships with dermatologists across 80 locations in 13 states, Epiphany provides general dermatology, skin cancer care, Mohs surgery, cosmetic services and additional dermatologic services. It was founded in 2014. This is Epiphany Dermatology’s... Read More »
Varian Medical Systems Acquires Aspekt Solutions
Varian Medical Systems has announced its acquisition of Aspekt Solutions, a Greenbelt, Maryland-based provider of medical physics, dosimetry and strategy consultation services. Aspekt Solutions offers radiology and radiation oncology providers the staff, guidance, technical and operational expertise they need to turn a high-risk, high-capital business into a competitive advantage. Varian Medical Systems is a radiation oncology treatments and software maker based in Palo Alto, California. The company’s medical devices include linear accelerators and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. ... Read More »
Tendo Acquires Patient Engagement Platform MDsave
Philadelphia, Pennsylvania-based Tendo announced on September 27 that it is acquiring MDsave in Brentwood, Tennessee for an undisclosed price. MDsave was advised in this transaction by Harpeth Capital, LLC. MDsave, Inc. develops online platforms which connect uninsured patients, health savings accounts and high deductible insurance patients with medical providers who offer discounted medical services. Tendo is a digital engagement software platform connecting patients, clinicians and caregivers. The company was founded in 2020. The acquisition extends Tendo’s platform and applications to include MDsave’s marketplace, enabling patients to easily seek, schedule,... Read More »Schedule a demo
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