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Healthcare M&A Deal Volume Plummets 30% in January Amid ‘Fear, Uncertainty, Doubt’

Healthcare M&A Deal Volume Plummets 30% in January Amid ‘Fear, Uncertainty, Doubt’

Industry professionals involved in healthcare M&A transactions saw a drastic decline in deal volume during the first month of 2023. According to data captured in the LevinPro HC database, 210 transactions were reported in January. This represents a 30% decline compared to the 301 deals posted in January 2022. A record 2,397 transactions were reported in 2022 following 2,218 deals in 2021. There were 59 transactions in January 2022 with reported prices that totaled approximately $26.2 billion. The recently concluded month featured 36 deals with reported prices that totaled about $7.9 billion for a total price decline of 70%.  “No sector [including health care] has been immune to... Read More »
Montecito Medical acquires Bensalem, Pennsylvania MOB

Montecito Medical acquires Bensalem, Pennsylvania MOB

Montecito Medical, a leading acquirer of medical office properties nationwide, has completed the acquisition of a medical office building (MOB) in the greater Philadelphia market area. The 27,500 square-foot MOB, located in Bensalem, Pennsylvania is tenanted by two prominent provider groups, Alliance Cancer Specialists and US Digestive Health/Gastrointestinal Specialists. The property includes an ambulatory surgery center with four operating rooms. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the U.S. involving more than $5 billion in medical real estate. The acquisition expands... Read More »
OrthoCincy Orthopaedics Acquires Ortho Louisville Orthopaedics

OrthoCincy Orthopaedics Acquires Ortho Louisville Orthopaedics

OrthoCincy Orthopaedics & Sports Medicine announced on February 6 that it acquired Ortho Louisville Orthopaedics & Sports Medicine. The deal went into effect on January 1, 2023, and Ortho Louisville began operating as a division of OrthoCincy. This acquisition brings OrthoCincy footprint to 45 doctors, 23 physician assistants and nine nurse practitioners with more than 560 total staff. Terms were not disclosed.  Ortho Louisville Orthopaedics & Sports Medicine has one location in Louisville, Kentucky and one location in New Albany, Indiana. It is run by a team of five physicians and 16 support staff. OrthoCincy is an orthopedic surgery and sports medicine physician practice... Read More »
Harvest Partners’ Portfolio Company Acquires KidZdent

Harvest Partners’ Portfolio Company Acquires KidZdent

Dental Care Alliance, LLC (DCA), a portfolio company of Harvest Partners, announced that it acquired KidZdent.  This brings DCA’s footprint in New Jersey to 19 allied practices, and DCA’s total footprint to more than 390 allied practices across the United States. Terms of the deal were not disclosed. Run by Dr. Cavan Brunsden and Dr. Nancy Villa, KidZdent offers orthodontic services in addition to family and pediatric dentistry. The practice has one location in Old Bridge, New Jersey. DCA was founded in 1991 and is headquartered in Sarasota, Florida. DCA is a multi-branded dental support organization with more than 900 dentists across 22 states. DCA’s allied practices represent all... Read More »
Palm Medical Centers Acquires Family Medicine Associates

Palm Medical Centers Acquires Family Medicine Associates

Coral Gables, Florida-based Palm Medical Centers, an MBF Healthcare Partners II, L.P. portfolio company, announced it acquired Family Medicine Associates, PA.  Family Medicine Associates, PA is a primary care practice located in Tamarac, Florida and is run by Dr. Mohammed F. Allahrakha. Palm Medical Centers is a provider of value-based, capitated primary care services with a focus on high-quality clinical outcomes, cost-effective care and a patient-centric experience. In addition to primary care services, the company coordinates cardiology, dentistry, optometry, pediatrics, podiatry, psychiatry and other specialist services. Operating a network of 19 medical centers across five... Read More »
Growthink Capital Announces Acquisition of Two London Clinics

Growthink Capital Announces Acquisition of Two London Clinics

Swiss Dental Services (SDS) announced that it acquired two dental clinics in London, England. The purchase price was not disclosed. Growthink Capital advised SDS on the transaction. SDS provides specialist dentist services concentrating on advanced total oral rehabilitation, with dental implants the most common solution. It is headquartered in Porto, Portugal and operates from 11 clinics across Portugal, Spain and France. SME Capital provided acquisition financing. The acquisition financing was structured as a bespoke five-year loan including a capital repayment holiday and bullet repayment structure to help with the initial integration and maximize cash headroom.  According to data... Read More »
Montecito Medical acquires Bensalem, Pennsylvania MOB

Triginta Real Estate Fund Acquires Dutch Medical Office Properties

Triginta Real Estate Fund announced that it acquired four medical office buildings (MOB) in The Netherlands from Focus Real Estate. Simmons & Simmons, a London-based law firm with offices across the globe, advised Triginta. The financial terms of the acquisition were not disclosed.  Triginta Real Estate Fund is a real estate developer and investor specializing in repurposing real estate for healthcare institutions and public authorities in Belgium and abroad. The company was founded in 2017 and is based in Ghent, Belgium.  The four properties are in Amsterdam, Rotterdam, Utrecht and Leiden, The Netherlands. The Amsterdam and Rotterdam properties are occupied by Bergman... Read More »
Unmind Acquires Frankie Health

Unmind Acquires Frankie Health

Workplace wellbeing company Unmind announced on Thursday it had acquired Dublin-based Frankie Health. Alongside the deal, Unmind launched Unmind Talk, an offering based on Frankie Health’s global network of mental health providers. Employers will have access to anonymized data including analytics on employee turnover, decreased mental health and absenteeism. Frankie Health develops a personalized mental health platform for organizations to support employees. Its co-founders, James McGann and Seb Poole, will join Unmind alongside the rest of the company’s workforce.  Unmind is a workplace mental health platform that empowers more than 2.5 million employees around the world... Read More »
Solaris Health Acquires UroPartners, Lowcountry Urology Clinics

Solaris Health Acquires UroPartners, Lowcountry Urology Clinics

Solaris Health, a portfolio company of private equity firm Lee Equity Partners, has acquired UroPartners and Lowcountry Urology Clinics. Terms of both deals were not disclosed. The addition of UroPartners and Lowcountry Urology Clinics means that Solaris now aligns the skills and talents of more than 600 providers who annually care for more than 850,000 unique patients located in 12 states.  Solaris Health is a national healthcare platform committed to enhancing access to specialty health care. The group was formed in June 2020 when Lee Equity Partners purchased and merged Integrated Medical Professionals and The Urology Group. Melrose Park, Illinois-based UroPartners is the Midwest’s... Read More »
Rethink Healthcare Real Estate and Heitman LLC Acquire Mansfield, Texas Medical Office Building

Rethink Healthcare Real Estate and Heitman LLC Acquire Mansfield, Texas Medical Office Building

Rethink Healthcare Real Estate and Heitman LLC have acquired a Mansfield, Texas medical office building (MOB) in a joint venture. BlackBirch Capital acted as the exclusive financial advisor to the undisclosed seller. CIT, a division of First Citizens Bank, arranged the debt. The financial terms of the transaction were not disclosed.  The 36,101-square-foot building is leased to an emergency hospital, Emerus. Emerus is the nation’s leading operator of micro-hospitals and a nationally recognized leader in the delivery of emergency, inpatient and diagnostic medical healthcare. Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $53 billion... Read More »