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Men’s Health Provider Acquires Colombia-Based Medical Marijuana Company
Ultimate Sports, Inc. has acquired Sannabis S.A.S., a medical marijuana company based in Colombia. Terms of the deal were not disclosed. Sannabis is a licensed cannabis company operating in Cali, Colombia. It has a line of cosmetic, medical and industrial products made from cannabis and hemp. The company is licensed to grow, manufacture and export cannabis and cannabis derivatives. Ultimate Sports is a men’s health services provider. Ultimate Sports’ Men’s Advanced RX Online Medical Clinic provides a licensed physician to diagnose and treat male health and wellness issues. Ultimate Sports named Juan Paulo Guzmán and John Campo, Sannabis co-founders, to the board of directors. Guzman... Read More »
Four Corners Property Trust Acquires New Mexico MOB
Four Corners Property Trust (FCPT) is acquiring an Aspen Dental property for $1.9 million. The property is located in a strong retail corridor in New Mexico and is corporate-operated. The transaction was priced at a cap rate in range with previous FCPT transactions. FCPT, headquartered in Mill Valley, California, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. In February 2023, FCPT announced its acquisition of a Heartland Dental property for $2.2 million.... Read More »
Atlantic Health System Acquires Thompson Healthcare & Sports Medicine
Atlantic Health System (AHS), a portfolio company of Geisinger Health, announced the addition of Thompson Healthcare & Sports Medicine to its network. Upon completion, AHS will have a majority ownership stake in Thompson Health’s 11 locations across New Jersey. Each location will share information using Epic’s EHR system, which AHS also uses. Terms of the deal were not disclosed. Thompson Healthcare & Sports Medicine is a New Jersey-based health care and sports medicine provider, offering physician services, acupuncture, chiropractic, physical therapy and more. The company has more than 75 providers at 11 locations across central and southern New Jersey. AHS is one of the... Read More »
Spotlight on Cardiology and the Mounting Interest from Private Equity
Cardiology has been described as the “hot commodity” among private equity groups looking to increase investment in healthcare. Factors including significant patient demand for the services, more procedures shifting to outpatient settings, and the smaller number of existing independent practices compared to cardiologists working for health systems, have fostered competition in the sector and driven valuations higher than in any other specialty. A number of private equity firms have established platforms including Webster Equity Partners with Cardiovascular Associates of America, Ares Management and US Heart and Vascular, and Varsity Healthcare... Read More »
Legacy Hospice Acquires Safe Harbor Hospice
Legacy Hospice, backed by the Chicago-based private equity firm Prairie Capital, has expanded in Missouri with its acquisition of Safe Harbor Hospice for an undisclosed sum. Safe Harbor’s 13-county service region builds on Legacy’s footprint in southeastern Missouri. Safe Harbor began exploring a potential sale back in 2020. Agenda Health advised Safe Harbor in the deal. Financial terms were not disclosed. “In looking to expand our geographical footprint in Missouri, Safe Harbor Hospice is a natural extension of the services we currently offer in southeastern Missouri,” said Legacy Hospice CEO Clark Blair. “We are excited about the opportunity to partner with an organization that shares... Read More »
Calibre Scientific Acquires AlphaScience
Calibre Scientific has announced its acquisition of AlphaScience GmbH, a diagnostics provider with its headquarters in Frankfurt, Germany. AlphaScience will be integrated with BIOZOL Diagnostica GmbH, a subsidiary of Calibre Scientific. With this acquisition, BIOZOL further enhances its position in the German research and diagnostics market, as AlphaScience brings new supplier relationships and product expertise that complement BIOZOL’s capabilities. Terms of the deal were not disclosed. AlphaScience is a provider of consumables and equipment for the commercial lab, clinical lab, academic, research and hospital industries. The company’s diagnostics product portfolio covers end-market... Read More »
PE-Backed Elevate ENT Partners Acquires Texas Practice
Elevate ENT Partners, backed by Boston-based private equity firm Audax Private Equity, announced on March 14 that it acquired Ear, Nose & Throat Associates of Texas(ENTtex). This marks Elevate ENT Partners’ first transaction in 2023 and expands the company’s foothold in Texas. The financial terms of the acquisition were not disclosed. Located in Frisco, McKinney, Plano, Anna and Prosper, Texas, ENTtex is run by six providers. The practice was founded in 2004. Elevate ENT Partners invests in private ear, nose & throat (ENT) and allergy practices across the U.S. and provides scalable infrastructure to help practices reach the next level in terms of financial management,... Read More »
MariMed Completes Acquisition of Medical Cannabis Operator Ermont
MariMed, Inc announced that it has acquired the operating assets of Ermont Inc., a vertically integrated medical cannabis operator located in Quincy, Massachusetts. The closing of this transaction is the result of a successful restructuring conducted by Ermont’s court-appointed receiver Opus Consulting Partners LLC. Opus Consulting and MariMed negotiated this transaction with court approval. The acquisition marks the second medical dispensary for MariMed in Massachusetts, completing MariMed’s buildout to the maximum allowable by state regulations. The transaction closed on March 9, 2023, and the dispensary began operations under the Panacea Wellness brand name the following day. This... Read More »
Allied OMS Acquires Practices in Oregon and Colorado
Allied OMS, a portfolio company of Chicago-based private equity firm DuneGlass Capital, announced on March 13 that it acquired three dental practices, marking the company’s first acquisitions of the year. Advanced Oral and Maxillofacial Surgery is run by Dr. James Lessig and Dr. Thomas S. Michalik. It has locations in Englewood and Littleton, Colorado. Their expertise includes corrective jaw surgery and wisdom tooth removal. With locations in Eugene, Roseburg and Florence, Oregon, Oregon Oral Surgeons is run by four physicians. A provider of oral and maxillofacial surgical care, Oregon Oral Surgeons is one of the few practices in the country that places its dental implants using CT-guided... Read More »Schedule a demo
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