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Seven Hills-Backed Reliable Medical Acquires Capstone Medical Partners
Reliable Medical Supply, a portfolio company of Chicago-based private equity firm Seven Hills Capital, announced the purchase of Washington-based Capstone Medical Partners for an undisclosed price. The acquisition further expands Reliable Medical Supply’s footprint into the Pacific Northwest, as well as enhances its solutions to long-term care facilities. Capstone Medical Partners is a Complex Rehab Technology (CRT) & Durable Medical Equipment (DME) provider based in Lakewood, Washington. Capstone Medical specializes in providing CRT & DME to long-term care facilities. Reliable Medical Supply provides CRT, clinical respiratory products, DME and supplies to serve a fragile patient... Read More »
Thurston Group Partners With Esthetics Center, Forms MedSpa Platform Alpha Aesthetics Partners
Thurston Group has closed on a partnership with Esthetics Center to form Alpha Aesthetics Partners, a management services organization focused on partnering with leading medical aesthetics practices nationwide. Esthetics Center will become the anchor affiliate of Alpha Aesthetics Partners. In partnership with Thurston Group, Alpha Aesthetics Partners will execute an aggressive growth strategy focused on partnerships with high quality, like-minded groups across the country. Financial terms of the deal were not disclosed. Esthetics Center is a MedSpa group based in Sacramento, California. Led by facial plastic surgeon Dr. Reginald Rice, and with the addition of CEO John Wheeler in 2018,... Read More »
Market Pressures Take Toll on Healthcare M&A in Q1:23
Headwinds have finally slowed the healthcare M&A market. Throughout 2022, deal volume soared despite challenging market conditions, but activity in the first quarter of 2023 declined by 5% compared with the fourth quarter of 2022. The year-over-year drop was much more severe, falling 18%, or 531 deals compared with 647 deals. Factors such as growing labor costs, inflation and high-interest rates have stifled deal activity. Although we’re struggling to call any quarter with 500-plus deals slow, the opening three months of 2023 fell short of the 2022 quarterly average of 603 deals. The swing in announced spending wasn’t nearly as dramatic. In the first quarter of 2023,... Read More »
The US Oncology Network Acquires Regional Cancer Care Associates
The US Oncology Network, which is supported by McKesson Corporation, announced on April 6 that it acquired Regional Cancer Care Associates (RCCA) for an undisclosed price. The acquisition went into effect on April 1, 2023, and RCCA gained access to the expertise resources of The US Oncology Network. RCCA is a leading provider of advanced cancer care and blood disorder treatment in New Jersey, Maryland, Connecticut and Washington D.C. It operates more than 20 locations. RCCA’s 94 physicians and 59 advanced practice providers offer medical, radiation and gynecologic oncology and hematology care in addition to genetic testing, specialty pharmacy services and clinical trials. The US... Read More »
TUSK Partners Advises Grinz Orthodontics in Sale to Smile Doctors
Smile Doctors, a portfolio company of Linden Capital Partners and Thomas H. Lee Partners, has acquired Grinz Orthodontics for an undisclosed price. The dental-focused M&A advisor TUSK Partners represented Grinz Orthodontics in the sale. Founded in 2006, Grinz Orthodontics provides orthodontic care to communities throughout North Carolina and Arizona. Under the leadership of Dr. Richard Ziehmer, Grinz Orthodontics is committed to providing premier dental care to its communities with a patient-centered approach. Smile Doctors is an orthodontic dental support organization with more than 370 locations in 27 states. According to data captured in the LevinPro HC database, this acquisition... Read More »
Atkins Companies and Denholtz Properties Acquire 490,000-Square-Foot Medical Offices at Chappaqua Crossing
Atkins Companies and Denholtz Properties announced on Friday the acquisition of the Medical Offices at Chappaqua Crossing. The Medical Offices at Chappaqua Crossing is a 490,000-square-foot, 59-acre healthcare facility in Chappaqua, New York. The property is currently anchored by Northwell Health’s Northern Westchester Hospital. In addition to Northwell Health, Optum’s CareMount Medical, a network of physicians and care teams across New York, New Jersey and Southern Connecticut also has a significant presence at the property. Based in West Orange, New Jersey, Atkins Companies is a real estate organization active in the development and management of commercial, retail and residential... Read More »
Medical Specialists of the Palm Beaches Acquires Palm Beach Digestive Associates
Medical Specialists of the Palm Beaches, Inc. (MSPB), a portfolio company of private equity firm Ascend Partners, announced on April 10 that it acquired Palm Beach Digestive Associates (PBDA). PBDA is a premier gastroenterology practice and colonoscopy clinic run by 12 providers. It has five offices in Florida, serving the Ft. Lauderdale and Boca Raton MSAs. MSPB is a primary care-focused, multi-specialty physician medical group (PMG) practice in South Florida. It has a team of more than 100 providers that cover a range of specialties including cardiology, primary care and neurology. The practice also provides laboratory care. Effective immediately, PBDA will become the... Read More »
Senior Market Sales Acquires Sizeland Medicare Strategies
Senior Market Sales (SMS), a premier insurance marketing organization, has acquired Sizeland Medicare Strategies, which is based in the greater Detroit area. Sizeland Medicare Strategies is a health and life insurance agency focusing on Medicare plans. The company is licensed in 40 states. SMS represents top Medicare Supplement, Medicare Advantage, annuity, life, long-term care and travel insurance carriers in all 50 states. More than 71,000 independent insurance agents rely on SMS for proprietary technology, competitive insurance products and expert training and service. Founded in 1982, SMS is headquartered in Omaha, Nebraska. In 2020, SMS joined the Alliant Insurance Services family of... Read More »
Health Advocates Network Acquires Healthcare Staffing Provider Horizons Healthcare Agency
Health Advocates Network, a Boca Raton, Florida-based staffing provider, acquired Horizons Healthcare Agency, representing the company’s fourth acquisition. Terms of the deal were not disclosed. Horizons Healthcare Agency is a Peoria, Illinois-based provider of travel nursing services and staffing. Founded in 2020, Health Advocates Network is focused on consolidating the highly fragmented non-clinical healthcare staffing space. Health Advocates Network’s M&A director, Eddie Albert, stated that the acquisition of Horizons Healthcare Agency aligns with the company’s strategy of expanding its travel nurse and local staffing capabilities and it plans to pursue additional deals... Read More »Schedule a demo
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