ZT Corporate Buys 4 Express ER Facilities in Texas
ZT Corporate announced on October 28 the acquisition of four emergency care facilities operating under the Express ER brand. The facilities are located in Abilene, Waco, Harker Heights and Temple, Texas. The facilities will be integrated into ZT Corporate’s healthcare portfolio, Altus Community Healthcare, but will continue to operate under the Express ER brand. Established in 1997, ZT Corporate is a Houston-based private equity firm with offices in New York and Los Angeles. The firm focuses on healthcare and auto dealerships as core investment verticals. This acquisition increases ZT Corporate’s total number of emergency care centers across Texas to 35. Financial terms of the deal were... Read More »
Fibronostics Acquires Stone Clinical Laboratories
Fibronostics has announced the completion of its acquisition of Stone Clinical Laboratories, LLC, based in New Orleans, Louisiana. The transaction was finalized on October 27, 2025. Stone Clinical Laboratories is a leading provider of advanced laboratory services in the United States. The company specializes in preventative and molecular diagnostics testing supported by a customer-focused boutique service. Fibronostics is a global health technology company specializing in non-invasive diagnostic solutions for chronic diseases, with a focus on liver and metabolic disorders. Its flagship platform, LIVERFASt®, enables clinicians to assess liver health quickly and at scale. The company... Read More »
Outpatient Surgery Center M&A Market Overview: Deals Decline Amid Persistent Headwinds
Deal activity in the Outpatient Surgery Center market has slowed sharply in 2025 due to a number of headwinds that have extended timelines and reduced transaction momentum. The sector, encompassing ambulatory surgery centers (ASCs), offers 30-50% cost savings on common procedures like colonoscopies and orthopedics compared to inpatient settings. These translate to higher EBITDA margins for operators and favorable reimbursement under value-based care models, yet these advantages have not spurred robust deal flow amid broader headwinds. Year-to-date (YTD) through October 27, 2025, 29 deals have been announced, compared to 57 in fiscal 2024, 38 in 2023 and 45 in 2022. At this point, with... Read More »
CBRE Announces 2 California Transactions
CBRE announced that it acted as an advisor for two medical outpatient building (MOB) transactions. On October 21, CBRE reported that it advised on the sale of Creek Medical Buildings, a three-story MOB based in Irvine, California. The price is $16.25 million. Built in 1986, the MOB is fully occupied and comprises 43,374 square feet. The tenants were not disclosed. CBRE National Office Partners’ Anthony DeLorenzo, along with Sammy Cemo, Bryan Johnson and Harry Su of Private Capital Partners, represented the seller in the transaction. The $16.25 million purchase price represents a 5.9% cap rate. The price is roughly $375 per-square-foot. The company also... Read More »
AmSurg Acquires Surgery Center of Conway
AmSurg Corp., backed by Ascension, announced that it acquired Surgery Center of Conway. Physician Transaction Advisors (formally ASCs Inc.) advised Surgery Center of Conway. Terms were not disclosed. Founded in 2019, the Surgery Center of Conway is a physician-owned, ophthalmology and retina-focused ambulatory surgery center in Conway, South Carolina. AmSurg Corp. is an independent leader in ASC services, operating a network of approximately 250 surgery centers nationwide. In partnership with physicians and health systems, the organization delivers patient care across a diverse spectrum of medical specialties, including gastroenterology, ophthalmology and orthopedics. ... Read More »
Agile Occupational Medicine Expands in California
Agile Occupational Medicine has announced the acquisition of California Occupational Physicians in Modesto, California. This acquisition accelerates Agile’s California expansion strategy following its merger with Akeso Occupational Health in July 2025. With the addition of this clinic, Agile now has 44 locations throughout California and Arizona. California Occupational Physicians is an occupational healthcare provider. The company offers a comprehensive range of occupational health programs, including DOT physicals, drug screenings and workplace injury treatment, that help employers maintain a healthy, safe workforce while providing cost-effective care. Headquartered in Gardena,... Read More »
Duly Health and Care Acquires Woodridge Clinic
Duly Health and Care announced on October 21 the acquisition of Woodridge Clinic for an undisclosed price. Woodridge Clinic provides comprehensive healthcare services in Woodridge, Illinois. With a focus on primary care, diabetes management and occupational therapy, the company serves patients throughout Chicago’s western suburbs. The Duly Health and Care brand consists of some of the largest independent, multi-specialty, physician-directed medical groups in the nation. The company has more than 1,000 primary care and specialty care providers and more than 6,000 team members across more than 150 locations. The Duly Health and Care brand includes three medical groups: DuPage Medical Group... Read More »
Northeast Recovery Strengthens Behavioral Health Care in Massachusetts
Northeast Recovery LLC announced that it has assumed operations of three Massachusetts-based providers of substance use and mental health treatment: Bedrock Recovery Center, Spring Hill Recovery Center and Spring Hill Recovery Outpatient Center. Bedrock Recovery Center offers evidence-based addiction and mental health treatment in Canton, Massachusetts. The company offers compassionate care and 24/7 support. Spring Hill Recovery Center provides holistic addiction treatment in Massachusetts with residential, outpatient, and aftercare programs in a serene setting. The company is located in Ashby, Massachusetts. Spring Hill Recovery Outpatient Center provides holistic addiction treatment with... Read More »
Physician Medical Group M&A Rises in Q3:25
M&A activity in the Physician Medical Group (PMG) sector rose to 130 transactions in Q3:25, according to data captured in the LevinPro HC database. This activity marks a 9% increase from the 119 transactions reported in the second quarter of 2025 and a 13% increase from Q3:24 when 115 PMG transactions were announced. Interest in dental practices drove a significant amount of the deal volume, accounting for 66 transactions, or just more than 50%. The dental deal volume of Q3:25 is slightly more than that of Q3:24 when 63 dental deals were announced. Other active subsectors include orthopaedic (nine deals), eye care (eight deals) and dermatology (eight deals). Oncology, with one... Read More »Schedule a demo
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