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Skyrocketing Investor Interest Driving Behavioral Health Real Estate Industry

Skyrocketing Investor Interest Driving Behavioral Health Real Estate Industry

Andrew Sfreddo of Blueprint Offers Insights For Investors The behavioral health market has surged in recent years.  A rise in patients seeking mental health services coupled with an increase in access has transformed the sector, especially from an M&A perspective. In 2012, there were 17 deal announcements, mostly carried out by Acadia Healthcare Company, Inc., one of the largest publicly traded providers in the industry. Fast forward to 2022 when there were 108 deal announcements, with private equity-backed platforms, health systems, and managed care companies driving much of the activity. Most of these deals have focused on the operators and providers in the space, with scarce... Read More »
Somatus Acquires Duneland Nephrology

Somatus Acquires Duneland Nephrology

McLean, Virginia-based Somatus announced a new value-based care partnership with Duneland Nephrology. This acquisition brings care to patients with chronic kidney disease and end-stage kidney disease in northwest Indiana. The financial terms of the deal were not disclosed. Duneland Nephrology serves patients throughout northwest Indiana. It is run by four physicians out of one location. The practice provides care for chronic kidney disease, end-stage renal disease, dialysis, renal transplant follow-up and more.  As one of the nation’s leading and largest value-based kidney care companies, Somatus partners with nephrology and primary care groups, health plans and health systems... Read More »

Dental Care Alliance Acquires Evanston Dental Associates

Dental Care Alliance (DCA), a portfolio company of New York-based private equity group, Harvest Partners, announced its acquisition of Evanston Dental Associates.  Evanston Dental Associates serves Evanston, Illinois, and the surrounding areas. It was founded in 1995 and is run by three providers. The office provides comprehensive exams, oral cancer screenings, cosmetic dentistry, Invisalign, dental implants, children’s dentistry and more.  DCA was founded in 1991 and headquartered in Sarasota, Florida. It is a multi-branded dental support organization with more than 390 affiliated dental offices and more than 900 dentists across 22 states. DCA’s allied practices represent... Read More »
Anchor Health Properties Acquires Grove City, Ohio MOB

Anchor Health Properties Acquires Grove City, Ohio MOB

Anchor Health Properties closed on a two story, 38,327-square-foot Class A medical office building (MOB) in the Grove City submarket of Columbus, Ohio. The off-market transaction was acquired through Anchor’s discretionary equity fund, Chestnut Healthcare Fund II, co-managed with Chestnut Funds. Engle Real Estate provided sales advisory services on behalf of the seller, Trivium Development LLC, for this off market transaction. First Citizens Bank and CIT provided debt financing services. As the new owner, Anchor will provide go forward asset and property management services at the MOB. Financial terms of the deal were not disclosed. The 100% occupied MOB was constructed by Trivium... Read More »
PE Firm Waud Capital Partners Acquires Fusion Healthcare Staffing, Forms Fusion Health

PE Firm Waud Capital Partners Acquires Fusion Healthcare Staffing, Forms Fusion Health

Chicago-based private equity firm Waud Capital Partners has acquired Fusion Healthcare Staffing for an undisclosed price. In connection with the deal, Waud Capital Partners, in partnership with healthcare executives Bales Nelson and Allen Dye, has formed Fusion Health. Fusion Health will offer staffing services to healthcare facilities, providers and health plans, working to help with a variety of episodic clinical resource needs through technology-focused services. Nelson will serve as chief executive officer of Fusion Health and Dye will serve as president. Headquartered in Sandy, Utah, Fusion Healthcare Staffing is a provider of staffing services to hospitals and healthcare providers... Read More »
Espire Dental Expands Colorado Presence

Espire Dental Expands Colorado Presence

Espire Dental, a portfolio company of Denver-based private equity firm, Rallyday Partners, announced on March 23 that it acquired Fox Creek Family Dental, a nine-physician dental practice. Fox Creek Family Dental provides dental care from Longmont, Loveland, Broomfield, Thorton and Westminster, Colorado. Founded in 2018 and headquartered in Denver, Espire Dental is an integrated dental organization with more than 20 practices across Colorado, California, Oklahoma and Wyoming. The addition of the five dental locations strengthens Espire’s position in Colorado. The financial terms of the acquisition were not disclosed. The deal follows Espire’s acquisition last month of La Costa Dental... Read More »
Winter Park Ophthalmology Joins Private Equity-Backed Ascend Vision Partners

Winter Park Ophthalmology Joins Private Equity-Backed Ascend Vision Partners

Ascend Vision Partners (AVP), backed by private equity firm Chicago Pacific Founders, announced a partnership with Winter Park Ophthalmology. AVP will perform the business functions for the practice, including legal and regulatory compliance, insurance negotiations, human resources, IT, finance, marketing, legal guidance and more. Terms of the deal were not disclosed. Led by Dr. Rebecca Kurzon, Winter Park Ophthalmology treats patients in Winter Park, Florida, for medical diseases of the eye and provides ocular surgery such as cataract removal and routine exams. Established in 2022, AVP delivers business solutions for eye care professionals. The company’s 300 employees provide eye... Read More »
SonderMind Acquires Mindstrong’s Tech Assets

SonderMind Acquires Mindstrong’s Tech Assets

SonderMind, a Denver, Colorado-based digital mental health company, is acquiring Mindstrong’s remaining technology assets in a deal that will end the latter company’s six-year run in the mental health space. Mindstrong stopped providing service to patients on March 10 and closed its Menlo Park, California headquarters. SonderMind will hire approximately 20 of Mindstrong’s employees. Financial terms of the deal were not disclosed. Mindstrong was founded in 2017 as a company that would use biomarkers to detect mental health conditions. The company eventually shifted to treating mental health through smartphone-based therapy and other services. Founded in 2014, SonderMind is... Read More »
Miltenyi Biotec Acquires lino Biotech

Miltenyi Biotec Acquires lino Biotech

Miltenyi Biotec, a Bergisch Gladbach, Germany-based company, announced on March 22 that it acquired lino Biotech. Miltenyi Biotec purchased 100% of the shares from investors such as Switzerland-based Roche Venture Fund and Germany-based Hightech-Grunderfonds. Brown Gibbons Lang & Company initiated the transaction and acted as the exclusive financial advisor to lino Biotech.  lino Biotech is the world’s only company specialized in focal molography – a new method for measuring molecular interactions in living cells or crude biological samples. It is based in Zurich and was founded in 2020. Miltenyi Biotec has been a global provider of products and services for biomedical research... Read More »
Endodontic Practice Partners Acquires 14 Practices

Endodontic Practice Partners Acquires 14 Practices

Endodontic Practice Partners (EPP), a portfolio company of Cincinnati-based private equity firm RC Capital, acquired 14 endodontic practices based in Washington and Oregon, adding 16 providers to its network.  In Oregon, 13 doctors across 12 practices were acquired. The practices serve the Tualatin, Corvallis, Albany, Eugene, Gresham, Portland, Salem, Oregon City and the Beaverton areas. In Washington, three doctors within two practices operating out of Vancouver and the Everett regions were bought. EPP is a network of private endodontic practices. It is based in Brentwood, Tennessee and was founded in 2019.  The EPP geographic footprint of affiliates now spans across nine... Read More »