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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 »
OrthoAlliance Buys Ohio-Based Precision Orthopaedic Specialties
OrthoAlliance, a physician-led management services organization (MSO) for orthopedic groups, announced a new partnership with Precision Orthopaedic Specialties, Inc. Precision Orthopaedics brings a team of 10 physicians and three offices to its partnership with OrthoAlliance. Terms of the deal were not disclosed. Founded in 1991, Precision Orthopaedic Specialties was the first fully specialized independent orthopaedic practice in Geauga County. In addition to a main office in Chardon, Precision Orthopaedics has locations in Auburn and Middlefield that offer orthopaedic surgery, spine surgery, sports medicine, podiatry, physical therapy, imaging, athletic training, pain management and... Read More »
Montecito Medical Acquires ASC in Dallas-Fort Worth MSA
Montecito Medical Real Estate announced on March 22 its acquisition of a 14,600-square-foot ambulatory surgery center (ASC) in Granbury, Texas. The property is 100% leased to Baylor Scott & White Surgicare in Granbury. Physicians at the multispecialty surgery center, which includes four operating rooms, perform gastroenterology, neurology, ENT, ophthalmology, orthopedics, urology, pain management and podiatry procedures. The acquisition in Granbury expands Montecito’s footprint in the greater Dallas-Fort Worth MSA. Since the beginning of 2021, the company has acquired 15 medical office properties in the region. Terms of the deal were not disclosed. Montecito Medical specializes in... Read More »
Maven Clinic Acquires Women’s Healthcare Platform Naytal
Maven Clinic has announced its acquisition of London-based digital health company Naytal to accelerate its expansion in the United Kingdom and throughout Europe. The acquisition of Naytal will enhance Maven Clinic’s ability to serve its membership in the UK. Terms of the deal were not disclosed. Naytal provides on-demand access to women’s and family health experts to support reproductive healthcare needs, from fertility and pregnancy to postpartum care and menopause. The company was founded in 2021 as the first platform in the UK to offer on-demand access to perinatal psychologists, and has since expanded its healthcare provider network to more than 25 specialties. Maven Clinic... Read More »
Enhanced Healthcare Partners Makes a Growth Investment in Janus Health
New York-based Enhanced Healthcare Partners (EHP) has made a strategic growth investment in Janus Health. Janus Health intends to use the investment for rapid market expansion, product development and go-to-market initiatives. Terms of the deal were not disclosed. Janus Health is a Chicago-based provider of healthcare revenue cycle management (RCM) technology. The company helps health systems and revenue cycle service companies understand, optimize and automate RCM workflow processes. Over the past 12 months, Janus has completed more than 500 million process events and automated more than 40 million transactions. EHP is a healthcare-focused private equity firm committed to partnering with... Read More »
Rising Interest Rates, Banking Uncertainty Could Limit Capital Needed for Healthcare Real Estate M&A Activity
While healthcare real estate has proven to be an increasingly attractive investment in recent years, mergers and acquisitions deal volume in 2023 may fail to reach last year’s record. “We believe that overall volume will be healthy given the continued demand for healthcare real estate, but will be lower than previous years’ historic highs,” said Cornerstone Companies senior vice president of investments Ted Baker. His company’s holdings include approximately 55 medical office buildings and surgery centers with an aggregate value above $500 million. “My guess is that we see less of [the] larger trades and more single-asset deals [and] lower overall volumes,” Baker said. There were 120... Read More »
INVO Bioscience Acquires Wisconsin Fertility Institute for $10 Million
INVO Bioscience, Inc. announced on March 20 that it acquired Wisconsin Fertility Institute, a three-physician practice in Middleton, Wisconsin, for $10 million. The deal is expected to close during the second quarter of 2023. The purchase price will be payable over a three-year period. There will be an initial $2.5 million due in cash at closing, with subsequent $2.5 million payments due annually for the following three years. Subsequent payments may be paid in cash or in shares of INVO common stock valued at $6.25, $9.09 and $14.29, for the second, third and final payments, respectively. Wisconsin Fertility Institute primarily offers conventional IVF procedures. It generated approximately... Read More »
Quest Diagnostics Completes Acquisition of Northern Light Laboratory
Quest Diagnostics announced on March 20 the completion of its acquisition of select assets of Northern Light Laboratory, the outreach laboratory services business of Northern Light Health, a large integrated healthcare system in Maine. The collaboration between the two parties is expected to enable physicians and patients throughout Maine to benefit from access to Quest’s test menu, network of patient access sites throughout the state, broad health plan coverage and lower out-of-pocket costs for many services. Quest’s laboratory in Marlborough, Massachusetts will provide the majority of advanced and routine clinical testing services for physicians and patients previously served... Read More »
