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Chicago Pacific Founders’ Eye Care Group Partners with Advanced Eyecare Associates
Ascend Vision Partners (AVP) announced on June 9 that it was partnering with Advanced Eyecare Associates. This partnership expands access for patients to advanced eye care technologies, provides comprehensive vision solutions and improves patient outcomes. Advanced Eyecare Associates provides eye care to western Florida. According to its website, the practice is run by six physicians out of eight locations. Established in 2022 and backed by Chicago Pacific Founders, AVP delivers business solutions for eye care professionals, allowing ophthalmologists and optometrists to focus on patient care. AVP’s network consists of eight practices and surgery centers across 16 locations with more... Read More »
Kovo HealthTech Acquires Kairos Billing Solutions
Kovo HealthTech Corporation announced on June 8 that it entered into a binding agreement to acquire Kairos Billing Solutions LLC, a Utah-based digital medical billing provider that specializes in mental health billing solutions. Kovo agreed to pay a cash consideration of $150,000 for the acquisition. Kovo is a growing healthcare technology company that specializes in Billing-as-a-Service offering SaaS-style recurring revenue contracts and software for US healthcare clinics, hospitals and private practices. Kovo helps healthcare providers digitally track and manage complex patient care registration, services, billing and payments in a seamless way, using its proprietary OneRev technology... Read More »
Kortesis Bharti Management Group Acquires Lowcountry Plastic Surgery Center
Kortesis Bharti Management Group, the parent company of H/K/B Cosmetic Surgery, announced its acquisition of Lowcountry Plastic Surgery Center, which has been renamed H/K/B Mount Pleasant. Financial terms of the deal were not disclosed. With one location in Mount Pleasant, South Carolina, Lowcountry Plastic Surgery Center provides the full range of plastic surgery services, both reconstructive and cosmetic. According to its website, the company has one provider on staff. Founded in 2021 by plastic surgeons, Dr. Bill Kortesis and Dr. Gaurav Bharti, Kortesis Bharti Management Group offers strategic growth and consulting services to practices and providers in the medical aesthetic space.... Read More »
EdgeCap Partners Acquires Majority Stake in Comac Medical
Funds advised by EdgeCap Partners (EdgeCap) have acquired a majority equity interest in Comac Medical. The deal was announced in a June 9 press release. Comac’s founder and CEO, Dr. Milen Vrabevski, as well as other shareholders, will retain a significant minority stake and continue in their current roles as executive managers, thereby providing continuity to all its clients and partners. Comac Medical is a full-service clinical research organization (CRO), present in more than 30 countries and providing a comprehensive range of early to late-phase drug development services to the global pharmaceutical and biotech industries across a variety of therapeutic areas. The company is... Read More »
Webster Equity Partners-Backed CVAUSA Acquires Shore Heart Group
Cardiovascular Associates of America (CVAUSA), a portfolio group of private equity firm Webster Equity Partners, announced on June 8 that it acquired Shore Heart Group for an undisclosed price. Shore Heart Group provides cardiac care across seven locations in New Jersey. According to its website, the practice is run by 23 physicians and eight physician assistants. CVAUSA is a physician management services organization headquartered in Celebration, Florida. Through CVAUSA’s physician-centered practice management model, physicians drive clinical care and their practice culture, while benefiting from the business expertise and shared resources available through CVAUSA. This... Read More »
PSG Acquires Loopback Analytics
PSG, a growth equity firm, announced on June 8 that it acquired Loopback Analytics. According to data captured from the LevinPro HC database, this transaction marks the 128th eHealth acquisition of 2023, and the 21st in the analytics specialty. Founded in 2009, Loopback Analytics is a leading provider of data analytics and insights that simplify understanding, access and innovation for patients requiring specialty care. According to its website, Loopback serves more than 40 health system clients, more than 250 hospitals and millions of patients nationwide. PSG partners with middle-market software and technology-enabled service companies to help them navigate transformational growth,... Read More »
Dallas County Hospital Acquires Broadlawns Dallas Center Clinic in Iowa
Dallas County Hospital announced the acquisition of Broadlawns Dallas Center Clinic in Dallas Center, Iowa. The transition will take effect Monday, July 3. Broadlawns Dallas Center Clinic provides comprehensive individual and family healthcare for patients of all ages. According to its website, the center has one provider and one physician assistant on staff. Originally known as the King’s Daughter’s Hospital, Dallas County Hospital was founded in 1954 and is a 25-bed critical access hospital serving patients from Dallas, Greene, Guthrie and Boone counties. Located in Perry, Iowa, Dallas County Hospital is run by Mercy Medical Center. The clinic will now be called DCH Family... Read More »
Inova Health System Acquired Northern Virginia Pulmonary and Critical Care Associates
Inova Health System announced on June 6 that it acquired Northern Virginia Pulmonary and Critical Care Associates. Northern Virginia Pulmonary and Critical Care Associates provides pulmonary care in Virginia. Per its website, the practice is run by nine physicians and one physician assistant. It operates out of two locations. Inova Health System is a five-hospital system with a total of 1,500 beds, 28 outpatient sites and a home health care agency. According to its FY 2022 earnings report, Inova generated a revenue of $2.7 billion annually during 2022. This transaction created Inova Pulmonology, a division specializing in lung diseases and related care. The financial terms were... Read More »
