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Main Street Therapy Partners Adds Sternen Physical Therapy Clinic in Beachwood, Ohio
Main Street Therapy Partners has announced its recent acquisition of Beachwood, Ohio-based Sternen Physical Therapy, as well as its brand, Cleveland BodyWise. With Main Street Therapy Partners’ support, the Beachwood clinic will continue to operate under its current name and brand, while benefiting from Main Street Therapy Partners’ industry experience and operational, clinical and administrative resources. This acquisition solidifies Main Street Therapy Partners’ commitment to expanding its footprint and providing care to patients across the country. Financial terms of the deal were not disclosed. Founded in 1998, Sternen Physical Therapy’s team specializes in general orthopedic... Read More »
Rising Medical Solutions Announces Acquisition of Preferred Disability Management
Rising Medical Solutions announced on April 12 the acquisition of Preferred Disability Management (PDM), a regional case management company headquartered in Carmel, Indiana. PDM’s services supplement Rising’s own portfolio and include telephonic, field-base and catastrophic case management services as well as medical record analysis, physician peer reviews, triage services, independent medical evaluations, life care planning, medical cost projections for setting reserves and return to work assessments. With the acquisition of PDM, Rising reinforces its delivery of full-service managed care solutions to the national marketplace while deepening its Midwest presence. Financial... Read More »
Alpine Investors Acquires RCM Provider Medusind
Private equity firm Alpine Investors has acquired Medusind, a leading provider of technology solutions and revenue cycle management (RCM) services to physicians and clients in the healthcare industry. Monroe Capital LLC acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition. Founded in 2002 and based in Miami, Florida, Medusind provides expertise and RCM solutions to dental, anesthesia, pathology, emergency, surgery, radiology and other specialties. Alpine Investors has raised more than $900 million of committed capital and invested in more than 50 companies since its launch in 2001. According to data captured in the... Read More »
National Partners in Healthcare Acquires Medstream Anesthesia
National Partners in Healthcare (NPH) announced on April 12 that it has expanded into 12 states with the acquisition of Medstream Anesthesia. Medstream Anesthesia is run by more than 700 providers. McGuireWoods LLP provided legal counsel to National Partners in Healthcare. SVB Securities served as exclusive financial advisor and Hall Render Killian Heath & Lyman PC served as legal advisor to Medstream Anesthesia. Founded in 2018, NPH partners with anesthesiologists and CRNAs providing long-term sustainable solutions for their medical practices. NPH is a joint venture between Archimedes Health Investors LLC and Assured Healthcare Partners. This transaction adds more than 700 providers... Read More »
Advanced Reconstructive Surgery Alliance Acquires CimiSurgical
Advanced Reconstructive Surgery Alliance (ARSA) announced its acquisition of CimiSurgical on April 10, marking the 156th Physician Medical Groups transaction of the year. CimiSurgical provides plastic and reconstructive surgery to the Maywood and Ridgewood areas of New Jersey. It is run by four providers. Based in Red Bank, New Jersey, ARSA is an alliance of more than 50 plastic and reconstructive surgeons. CimiSurgical is the second practice to join ARSA in 2023, following the January acquisition of Plastic, Reconstructive & Microsurgical Associates. With the addition of CimiSurgical, ARSA adds a premier partner in New Jersey and further expands its footprint in the northeast... Read More »
The IMA Group Acquires Accelemed Research Institute in Second Move of the Year
The IMA Group on April 11 announced that it entered into an agreement to acquire Accelemed Research Institute. The acquisition expands The IMA Group’s depth in multi-therapeutic clinical trial sites focused on cardiometabolic and GI diseases such as non-alcoholic steatohepatitis, obesity, high cholesterol and diabetes. The financial terms were not disclosed. Accelemed Research Institute operates out of Austin, Texas and conducts clinical trials to allow safety and efficacy data to be collected for new drugs, medical devices or treatment techniques. The IMA Group provides government workers with medical, psychological and related evaluations, as well as ancillary services.... Read More »
SMBC Leasing and Finance Acquires Fresenius Kidney Care East Greensboro
SMBC Leasing and Finance Inc. announced on April 11 that it acquired Fresenius Kidney Care East Greensboro, a medical office building (MOB) in Greensboro, North Carolina for $4.4 million The facility, which has a dialysis center, was built on 1.9 acres in 2003 and consists of 12,588 square feet of rentable space. The price was approximately $350 per square foot. SMBC Leasing and Finance Inc., a portfolio company of SMBC Americas Holdings, Inc., is a leasing company based in New York City. Fresenius’s five other North Carolina locations will remain open. According to data captured in the LevinPro HC database, this transaction represents the 63rd MOB acquisition of the year.... Read More »
Discovery Life Sciences Acquires ReachBio Research Labs
Discovery Life Sciences has acquired ReachBio Research Labs, a Seattle-based contract research organization (CRO). This acquisition will allow Discovery Life Sciences to scale its consolidated drug discovery and preclinical development offerings to give customers access to a broader range of specialized cell biology services. Financial terms of the deal were not disclosed. ReachBio Research Labs specializes in cell-based assays, predictive hematotoxicity and drug screening services. The company provides primary cell biology-based contract research services and products to the drug development and life science research communities. Founded in 2018, Discovery Life Sciences provides... Read More »
Spectral MD Holdings to be Listed on Nasdaq Through Business Combination with Rosecliff Acquisition Corp I SPAC
Spectral MD Holdings, Ltd. announced on April 11 that it has entered into an agreement to combine with Rosecliff Acquisition Corp I, a special purpose acquisition company (SPAC) listed on Nasdaq. The combined company expects to operate under the name Spectral AI and to be listed on Nasdaq under the symbol “MDAI”. The combined company will operate under the same management team, led by Spectral MD founder and CEO Wensheng Fan with current Spectral MD shareholders rolling 100% of their equity into the transaction. Net proceeds of the proposed transaction will be used to accelerate readiness for material potential federal contracts, to enhance Spectral MD’s efforts for broad... Read More »Schedule a demo
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