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The big picture: what is driving physician practice M&A?
The role of private investment, what doctors need to know, and what it all means for patients Levin Associates spoke with Dana Jacoby, the CEO and founder of Vector Medical Group, and Gary Herschman, a partner at Epstein Becker & Green, P.C., at the 6th annual Physician Transactions Conference in Las Vegas in March 2023. Their separate interviews have been combined into one Q&A, which has been lightly edited for clarity and brevity. What is the future of private equity and other outside investment in healthcare? Jacoby: I’m very bullish on the future of healthcare and I’m very excited about it. There’s just this crescendo of change coming into... Read More »
Valuations, Competition, and the Future of GI
Gastroenterology is a service line with unlimited potential for growth. The expanding patient need for services, combined with advancements that allow more procedures to be performed in outpatient settings, have made gastroenterology an attractive target for investors. Patients utilize gastroenterology services throughout their lifetimes. Gastroenterologists treat a wide variety of conditions impacting the digestive system, which includes the stomach, intestines, gallbladder, pancreas, and liver. Clinicians care for patients experiencing everything from abdominal pain and heartburn to nonalcoholic fatty liver disease and cancers. The stats show that chronic digestive issues keep providers... Read More »
Takeaways from the 6th Annual Physician Transactions Conference
The role of private equity in healthcare was the focus of the 6th Annual Physician Transactions Conference on March 9, 2023. Physicians, private equity investors, investment bankers and other healthcare business leaders gathered in Las Vegas to talk about what independent practices need to know about brokering a deal with a private equity firm. Attendees posed questions to other physicians who have already entered into PE deals, and panelists provided insights to help physicians consider whether partnering with outside investors will be the right path forward for their practices. Levin Associates was in attendance at the conference. Here is a summary of the main... Read More »
Spotlight on Orthopedics, its Independent Culture, and the Role of Private Equity
Orthopedic practices are highly attractive targets for investors, especially private equity-backed platforms that are looking to expand. However, it can be a challenging sector to access – in part because orthopedic groups have consolidated quickly and grown significantly larger compared to other specialties like fertility and cardiology. Orthopedic physicians treat a wide variety of common conditions Most people would agree that their ability to move their bodies whenever they please is very important to their quality of life. Orthopedic physicians provide the surgical and nonsurgical care that people of all ages and lifestyles need to maintain their mobility. Orthopedic physicians... Read More »
Arterex Acquires NextPhase Medical Devices LLC
Medical Device Inc. (d/b/a Arterex) announced on June 19 that it acquired NextPhase Medical Devices LLC for an undisclosed price. NextPhase is a class II and III medical device contract manufacturer of electromechanical devices, active implantable devices and single use disposables in North America. It provides design and engineering, manufacturing and assembly, quality and regulatory and supply chain and logistics management services, enabling its customers to bring low-to-medium volume complex medical devices to market. Arterex is a leading medical device contract manufacturer and leader in new product development and medical education in orthopedics. The company has pioneered the... Read More »
Alloy Properties and Anchor Line Partners Acquire Five Life Science Assets
Alloy Properties and Anchor Line Partners announced on June 14 that the companies purchased five life science buildings in Cambridge and Waltham, Massachusetts. The life science properties total 425,000 square feet. Backed by TPG Real Estate Partners, Alloy Properties is a national life science platform that focuses on investing in life science and innovation campuses in the major life science markets, including Boston, San Diego, San Francisco, Seattle, Raleigh-Durham and Atlanta. Anchor Line Partners is a Boston-based real estate investment firm with more than $2 billion of commercial real estate assets under management. The acquisition brings Alloy’s footprint in Boston to 1.8... Read More »
Panoramic Health Acquires Southwest Nephrology Associates
Panoramic Health announced that it acquired Southwest Nephrology Associates LLP (SWN) for an undisclosed price. SWN is a premier nephrology practice in Texas. According to its website, the practice operates six locations in the Houston MSA and is run by six providers. 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 disease. SWN will utilize Panoramic Health’s value-based care platform to integrate care coordination and utilize superior data and analytics across six clinic locations. The partnership marks the fifth... Read More »
Medical Optometry America Acquires Paoli, PA Eye Care Practice
Medical Optometry America has acquired Personal Eyes, an eye care center in Paoli, Pennsylvania. According to data captured in the LevinPro HC database, this acquisition represents the 272nd Physician Medical Groups transaction of the year, and the 28th in the eye care specialty. Personal Eyes is led by Dr. Marie Homa-Palladino, who specializes in treating myopia, or nearsightedness. According to its website, Dr. Homa-Palladino is the only provider on staff. Medical Optometry America provides medical eye care services in Pennsylvania. Medical Optometry America diagnoses diseases at their earliest stages, treats issues before they become significant problems and provides relief for... Read More »
PE-Backed Capitol Imaging Acquires Two Texas Radiology Groups
Capitol Imaging, backed by private equity firm Clearview Capital, announced its acquisition of two radiology groups in Texas. The acquisitions include the Houston Premier Radiology Center and Alliance MRI. The two groups offer a range of diagnostic imaging services and combine to a total of 10 locations in the Houston MSA. Alliance MRI also has several locations in the San Antonio MSA. Metairie, Louisiana-based Capitol Imaging provides outpatient diagnostic services through more than 40 facilities across Louisiana, Texas, Alabama, Mississippi and Florida. It offers multi-modality capabilities including MRI, CT and mammography. According to the press release, Capitol Imaging and Clearview... Read More »Schedule a demo
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