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Orthopedic Care Partners Acquires Advanced Pain Medical Center
On May 16, Orthopedic Care Partners (OCP), a portfolio company of Los Angeles-based middle market private equity firm Varsity Healthcare Partners, announced that it acquired Newberry, Florida-based Advanced Pain Medical Center. Established in 2014, Advanced Pain Medical Center is led by founder Brent Stewart, MD, MBA. The company’s team of specialists focuses on providing personalized, comprehensive care for patients suffering from a wide range of pain-related conditions. OCP is a strategic partner and support organization for top-performing orthopedic practices currently comprising The Orthopaedic Institute (FL), The Steadman Clinic (CO), Motion Orthopaedics (MO), Tucson Orthopaedic... Read More »
Thurston Group-Backed ARC Health Acquires Denver Wellness Associates
ARC Health, a Thurston Group portfolio company, has announced the acquisition of Denver Wellness Associates (DWA), a mental healthcare provider group located in Denver, Colorado. Clew Partners originated the transaction and served as buy-side advisor to ARC Health. Founded by Jeanne Theobald, MD, in 2016, DWA has grown into two clinic locations in the Denver MSA. With a team of more than 20 providers, DWA offers multiple service lines, to include therapy and ketamine services, as well as Transcranial Magnetic Stimulation. ARC Health is a mental health specialty services organization supporting psychiatry, psychology and therapy providers in multiple locations throughout the United States.... Read More »
Mixed Q1 2023 Results in the Diagnostics Sector: COVID-19 Testing Revenues Slump
The Diagnostics Market: Despite a bustling M&A market in 2022, the diagnostics sector appears to have experienced a slowdown in deal activity, though it still remains relatively strong compared with previous years. As of May 15, 2023, a total of 26 deals have been announced year-to-date. Although this represents a 42% decline compared to the 45 deals observed during the same period in 2022, it still signifies a substantial 44% and 86% increase from the deal count in 2021 and 2020, respectively. These figures highlight the enduring interest in the diagnostics market, which increased out of necessity during the COVID-19 pandemic and continues to drive investment and strategic... Read More »
Marquee Dental Partners Acquires Three Florida Practices
Marquee Dental Partners, a portfolio company of Chicago Pacific Founders, announced on May 11 that it purchased three dental practices in Florida. The practices are Alafaya Family Dentistry in Oviedo; the practice of Dr. Mark Damerau in Palm Beach Gardens; and the practice of John S. Ledakis D.D.S. in West Palm Beach. Marquee Dental Partners is a dental support organization, founded in 2015 with an investment of $35 million. Marquee Dental supports more than 70 offices and more than 100 dentists who care for nearly 300,000 patients annually. Marquee Dental Partners also acquired Parkside Family Dental in 2023. With the completion of these partnerships, Marquee now supports 28 offices... Read More »
Ohio Gastroenterology Group Buys $1.5 Million Columbus, Ohio MOB Near Headquarters
Ohio Gastroenterology Group purchased a medical office building (MOB) near its north Columbus, Ohio headquarters in an effort to support growth. The purchase price for the property was $1.5 million. According to data captured in the LevinPro HC database, this represents the 83rd MOB transaction of 2023. This is a slight increase from last year, when there were 76 MOB deals announced between January 1, 2022, and May 15, 2022. The one-story, 10,576-square-foot MOB sits on less than 1 acre and was built in 1966, according to Franklin County property records. The building was remodeled in 2012. The current tenant is OhioHealth Physician Group Gynecology, which operates a comprehensive... Read More »
Anchor Health Properties Executes Off-Market Transaction of MOB in Atlanta MSA
Anchor Health Properties recently closed an off-market transaction involving a three-story, 40,000 square foot Class A medical office building (MOB) and adjacent land site slated for a subsequent Phase II MOB development. Located in the Lawrenceville submarket of Atlanta, Georgia, the properties are strategically positioned in the medical cluster surrounding Northside Hospital Gwinnett, a regional hospital with 353 acute care beds. The 100% leased MOB features anchor tenancy from Northside Health and Fresenius Medical Care. Other key tenancy includes Georgia Nephrology, Palmetto Infusion, Amedisys Home Health and Gwinnett Pediatrics. To optimize the strategic value in the properties, the... Read More »
Sorenson Capital-Backed Golden State Dermatology Acquires Second California Practice of 2023
Golden State Dermatology (GSD), a portfolio company of growth capital private equity firm, Sorenson Capital, has announced a new partnership with Calkin & Boudreaux Dermatology Associates in Sacramento, California. This marks GSD’s second transaction of the year. In April, GSD acquired California-based Moy-Fincher-Chipps Facial Plastics/Dermatology for an undisclosed price. The new practice expands GSD’s northern California footprint and offers patients a second GSD location in the Greater Sacramento area. Financial terms of the deal were not disclosed. Calkin & Boudreaux Dermatology Associates is run by doctors Jacqueline M. Calkin and Alison A. Boudreaux and provides... Read More »
Syneos Health to be Acquired by a Private Investment Consortium In $7.1 Billion Deal
Syneos Health is being acquired by a consortium of private investment firm affiliates composed of Elliott Investment Management, Patient Square Capital and Veritas Capital. Completion of the transaction is expected in the second half of 2023. The consortium of private investment firm affiliates is acquiring Syneos for $43.00 per share in cash in a transaction valued at approximately $7.1 billion, including outstanding debt. The purchase price represents a 24% premium to Syneos Health’s unaffected closing stock price on February 13, 2023. Upon completion of the transaction, Syneos Health will become a private company and shares of Syneos Health Class A common stock will no longer trade on... Read More »
MB2 Dental Solutions Acquires Nine Practices
MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners, announced that it expanded its presence with the acquisition of nine practices. The acquired practices are M Street Dental in Auburn, Washington; Canyon Crest Dental in Riverside, California; Diamond Lakes Dental in Hot Springs, Arkansas; Creating Smiles Dental in Clearwater and St. Petersburg, Florida; Clear Creek Family Dental in Rogersville, Ash Grove and Strafford, Missouri; Central Ohio Roots Canals in Pickerington, Ohio; Shelton Dental Excellence in Shelton, Washington; Foothill Dental in Salt Lake City, Utah; and Pasadena Family Dentistry in Pasadena, Texas. MB2... Read More »Schedule a demo
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