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Medicare Advantage Fuels Vertical Consolidation
Gauging the Managed Care sector is a nuanced affair. On one hand, the M&A market, especially in the last few years, has been relatively subdued, at least in terms of the raw numbers. In 2022, investors announced 44 transactions in the Managed Care sector, a minor slowdown compared with the 48 deals announced in 2021. Like other sectors, the market was hit with some headwinds. “Health insurance providers and HMOs have to deal with industry challenges like other providers,” said Bruce D. Platt, Partner at Akerman, a full-service national law firm. With a background in healthcare and medical technology, Mr. Platt helps insurers, providers and related companies navigate federal and state... Read More »
MB2 Dental Solutions Acquires Three Dental Practices
MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners, announced on March 6 that it acquired three dental practices, marking the 26th dental transaction of the year. MB2 Dental Solutions partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery. Operating in both Maitland and Winter Park, Florida, McIntosh Orthodontics is run by Dr. David McIntosh. The practice offers high-quality eye care. Providing pediatric and general dental services out of one location in Pittsford, New York, Pittsford Family Dental is run by seven doctors. Operating out... Read More »
Advanced Plastic Surgery Center Joins Advanced Medaesthetic Partners
Advanced Medaesthetic Partners (AMP) announced on March 6 its newest strategic investment in Advanced Plastic Surgery Center. Advanced Plastic Surgery Center is the most recent aesthetic practice to join AMP’s rapidly growing family. With this addition, AMP continues to be the premier platform for aesthetics practice owners looking to grow. Terms of the deal were not disclosed. Advanced Plastic Surgery Center is led by the world-renowned double-board certified plastic surgeon Michael Fiorillo, MD. Advanced Plastic Surgery Center treats patients with the most sophisticated technology at its two locations in the New York City MSA. AMP is a platform of aesthetic practices throughout the... Read More »
ARCH Medical Solutions Acquires Bettanini’s Custom Manufacturing
ARCH Medical Solutions Corp., a platform company of The Jordan Company, announced on March 6 that it acquired Bettanini’s Custom Manufacturing, located in Sonora, California. Bettanini’s Custom Manufacturing is a contract manufacturer of precision-machined components for the surgical robotics, defense, aerospace and specialized components markets. Bettanini’s Custom Manufacturing will join ARCH Medical Solutions, bolstering ARCH as a diversified supplier noted for growth and scale within the medical device contract manufacturing market. The acquired business features expertise that aligns well with ARCH Medical Solutions’ Sonora-based facility and will be integrated... Read More »
VillageMD Acquires Starling Physicians
VillageMD, a subsidiary of Walgreens, announced on March 3 that it acquired Starling Physicians, a multi-specialty physician group based in Connecticut. Cain Brothers acted as an exclusive financial advisor to Starling Physicians. The financial terms were not disclosed. Starling Physicians provides a range of primary care services out of its 34 Connecticut locations. It is run by more than 50 physicians that is supplemented by a support staff of more than 50 employees. VillageMD provides tools, technology, operations and staffing support for physician groups, independent practice associations and health systems. VillageMD, through its subsidiary Village Medical, is a national... Read More »
agilon health Acquires mphrX in $45 Million Deal
agilon health has acquired mphrX with a $45 million investment. Management does not anticipate mphrX will have a meaningful impact on agilon’s adjusted EBITDA in 2023. Macquarie Capital Partners, LLC served as exclusive financial advisor to mphrX. mphrX created the Minerva Healthcare Data Platform, which uses FHIR-based standards to help organizations aggregate, access and store data across healthcare delivery networks. agilon health provides the technology, people, capital, process and access to a peer network of more than 2,200 primary care physicians that allow physician groups to maintain their independence. According to data captured in the LevinPro HC database, this transaction marks... Read More »
WeInfuse Secures Growth Investment from Curewell Capital
Curewell Capital has made a significant growth equity investment in WeInfuse to support the company’s continued expansion and strategic initiatives. WeInfuse will use the newly secured funds to invest in its foundational software platform for infusion centers and accelerate its home infusion and specialty pharmacy solutions. To continue delivery of software solutions to providers of specialty infusion services, Curewell and WeInfuse have formed the Infusion Technology Advisory Council (ITAC), assembling industry leaders from the infusion, specialty pharmacy and healthcare technology sectors. As part of the investment, Michael Dal Bello and Ceron Rhee, partners at Curewell Capital,... Read More »
Unifeye Vision Partners Expands With Premier Surgery Center Partnership
Unifeye Vision Partners (UVP), a portfolio company of private equity firm Waud Capital Partners, announced on March 3 the completion of a strategic partnership with Premier Surgery Center, an ambulatory surgery center (ASC) in Santa Maria, California. This represents UVP’s fifth ASC in the state of California and the 17th member of the growing UVP community. Terms of the deal were not disclosed. Founded in 2007 by physician partners from Pacific Eye Surgeons, Shepard Eye Center, California Retinal Consultants, ADV Vision and Central Coast Retinal, the ASC serves patients in Santa Barbara and San Luis Obispo counties. The 13 physicians and their team treat ophthalmology, ENT and... Read More »
