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PE-Backed Dental365 Expands Into Pennsylvania
Dental365 announced that it acquired six dental practices in Pennsylvania: Susquehanna Valley Dental Group in Middleburg; Polit & Costello Dentistry, based out of Pittston; Back Mountain Dental in Shaverton; Wilkes-Barre Township-based NEPA Dental; Coopersburg Dental in Coopersburg; and NEPA Dental West in Forty Fort. Dental365 is a full-service family dental practice and support organization with locations throughout the New York metropolitan area and Connecticut. Dental365 was acquired by private equity firm The Jordan Company in July 2021. This acquisition marks Dental365’s entry into Pennsylvania and the seventh state it operates in. With the addition of these... Read More »
Schweiger Dermatology Group Acquires Allergy & Asthma Care of New York
Schweiger Dermatology Group, backed by LLR Partners and SV Health Investors, announced its acquisition of Allergy & Asthma Care of New York, expanding into the allergy and asthma industry. The financial terms of the acquisition were not disclosed. Allergy & Asthma Care of New York is a leading specialist in the management of allergic and immunologic disorders with two locations in Manhattan. The practice was founded by Dr. Clifford W. Bassett in 1993 and today has two physicians on staff. Founded in 2010, Schweiger Dermatology Group is one of the largest group dermatology practices in the Northeast, with more than 90 offices and more than 300 healthcare providers... Read More »
ELNA Medical Group Acquires Physimed Health Group
ELNA Medical Group, one of Canada’s largest integrated networks of medical clinics, has announced its acquisition of Physimed Health Group. Established in 1988, Physimed Health Group was Quebec’s first medical network to offer continuous access to healthcare services 365 days a year. Situated in the Saint-Laurent borough of Montreal, Physimed boasts a state-of-the-art facility spanning 45,000 square feet. It offers access to a complete range of medical services with a team of more than 50 physicians, including a public family medicine practice with Family Medicine Group status, specialty care, comprehensive medical esthetics and corporate and executive medicine. ... Read More »
Montecito Medical Acquires Medical Office Property in Milwaukee MSA
Montecito Medical announced on September 19 its acquisition of The Lincoln Avenue Health Center building in West Allis, Wisconsin. The acquisition of the property expands Montecito Medical’s footprint in the Milwaukee MSA. Financial terms of the deal were not disclosed. The Lincoln Avenue Health Center is a 12,600-square-foot medical office building (MOB). The building is 100% leased to Medical College of Wisconsin, a market-dominant group in the Greater Milwaukee area. 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... Read More »
SK Pharmteco Acquires Controlling Interest in Center for Breakthrough Medicines
SK Pharmteco, a division of South Korean conglomerate SK Inc., has acquired a controlling interest in the Center for Breakthrough Medicines. The Center for Breakthrough Medicines is a King of Prussia, Pennsylvania-based contract development and manufacturing organization (CDMO) specializing in cell and gene therapy. SK Pharmteco is based in Rancho Cordova, California. The company specializes in the production of active pharmaceutical ingredients, advanced intermediates and cell and gene therapy for the pharmaceutical industry. SK Inc., the investment arm of SK Group in Seoul, previously invested $350 million in the Center for Breakthrough Medicines in December 2021. The... Read More »
Mercy Health Acquires 3 Urgent Care Centers
On September 19, Colerain Urgent Care announced that it sold three of its urgent care centers to Mercy Health. According to data captured in the LevinPro HC database, this transaction represents the eighth urgent care acquisition of 2023. The urgent care centers are located in Fairfield, Hamilton and Colerain, Ohio. Each location measures approximately 2,800 square feet. The facilities have state-of-the-art X-ray equipment and laboratory services. The centers also treat common illnesses in children and adults. Part of Bon Secours Mercy Health, Mercy Health comprises six hospitals as well as 80 network locations and several urgent care locations. It ranks as the... Read More »
Vālenz Health Acquires KISx Card
Phoenix, Arizona-based Vālenz Health announced on September 18 that it acquired KISx Card, LLC, a Managed Care organization. KISx Card focuses on high-cost/low-incidence surgeries within orthopedics, general surgery, colonoscopies and major imaging. Its direct provider “non-network” is built on a bundled price model with a quick payment turnaround time to the facility, surgeon and anesthesiologist. It is based in Mechanicsburg, Pennsylvania. Vālenz Health simplifies self-insurance by offering an end-to-end healthcare ecosystem optimization platform that manages the cost and quality of care for employers and their members. Valenz engages to optimize healthcare for... Read More »
Berkeley Biologics Acquires Elutia’s Orthobiologics Business Unit
Elutia Inc. (previously known as Aziyo Biologics, Inc.) announced on September 18 that it divested its Orthobiologics business unit to Berkeley Biologics LLC. Mizuho Securities USA LLC acted as advisor to Elutia. According to data captured in the LevinPro HC database, this transaction marks the 110th Biotechnology transaction of the year. Elutia will receive cash proceeds of up to $35 million, comprising an upfront payment at closing of $15 million plus potential earnout payments of up to $20 million over a five-year period. The transaction is expected to close in the fourth quarter of 2023. Orthobiologics are therapies that can be used by orthopaedic... Read More »
New Story Acquires Thrive Alliance Group
New Story announced on September 18 that it entered an agreement to acquire Parsippany, New Jersey-based Thrive Alliance Group. Thrive Alliance Group is focused on supporting children with mental health needs in school. It provides care to children and young adults with special education needs in its private schools and directly within public schools for children with Individual Education Plans. Founded in 1997, New Story is a provider of special and alternative education and therapeutic services. New Story offers integrated academic and therapeutic programming to children and young adults with autism spectrum disorder, mental illness, emotional and behavioral challenges.... Read More »Schedule a demo
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