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Confluent Health Acquires MOTION PT
Confluent Health, a portfolio company of Swiss-based private equity firm Partners Group, announced on February 1 its newest partnership with MOTION PT Group. The partnership brings Confluent Health’s national footprint to 609 private practice clinics in 35 states. The partnership will allow MOTION PT to maintain its existing branding while gaining access to Confluent Health’s ecosystem of management services as well as education and musculoskeletal health resources. MOTION PT Group is a physical therapy, occupational therapy and speech therapy company with 59 clinic locations across Connecticut, Massachusetts, Maryland and New York. Confluent Health includes physical and occupational... Read More »
Tivity Health, Inc. Acquires Burnalong
Tivity Health, Inc. announced on January 31 that it entered into a definite agreement to acquire Burnalong, a health and wellness platform. Burnalong provides wellness solutions focused on helping people achieve their potential through a digital platform, social support and motivation, proprietary data/analytics and AI. The platform includes access to more than 30,000 live classes, taught by more than 5,000 instructors, across more than 60 fields. Tivity Health Inc., formally known as Healthways, provides access to in-person and virtual physical activity, social and mental enrichment programs, as well as a full suite of physical medicine and integrative health services. The company... Read More »
Evolution Dental Science Purchases Pro-Esthetics Dental Laboratory
Evolution Dental Science, based in Buffalo, New York, announced its acquisition of Pro-Esthetics Dental Laboratory. The acquisition of Pro-Esthetics, plus an affiliation with national dental service organization Heartland Dental, is expected to lead to another 30% to 40% growth for 2023 for Evolution Dental Science. The financial terms of the acquisition were not disclosed. Pro-Esthetics Dental Laboratory is a full-service laboratory that manufactures dental products such as crowns, bridges and implants. The company is based in Concord, Ontario. Evolution Dental Science has been one of the most trusted dental laboratories since its founding in 1993. Evolution has evolved itself over... Read More »
Biosynex to Acquire Chembio Diagnostics for $17.2 Million
Biosynex SA and Chembio Diagnostics, Inc. have entered into a definitive merger agreement under which Biosynex, through a subsidiary, will acquire Chembio in an all-cash transaction valued at $17.2 million. Ernst & Young LLP is acting as financial advisor and White & Case LLP is serving as legal counsel to Biosynex. Craig-Hallum Capital Group is acting as financial advisor and K&L Gates LLP is serving as legal counsel to Chembio. Chembio Diagnostics is a Medford, New York-based point-of-care diagnostics company focused on infectious diseases, including sexually transmitted infections, respiratory viruses and fever and tropical disease. Chembio’s total revenue for 2021 was... Read More »
Center for Pain Management Acquires Indiana Spine & Pain Institute
Center for Pain Management announced on January 31 that it acquired Indiana Spine & Pain Institute, a three-clinic pain management practice. Center for Pain Management receives essential management support provided by American Pain Consortium Holdings, LLC (APC). APC supports a growing network of interventional pain management practices and pain-focused ambulatory surgical centers and provides patient-focused support services. The acquisition of Indiana Spine & Pain Institute reaffirms Center for Pain Managements dedication to providing exceptional, individualized patient care by industry-leading interventional pain physicians. Terms of the deal were not disclosed.... Read More »Gen4 Dental Partners Makes Its Third Transaction of The Year
Tempe, Arizona-based Gen4 Dental Partners announced its acquisition of Comfort Dental of Clinton for an undisclosed price. Comfort Dental of Clinton provides dental care in Clinton, Utah. The practice is run by Dr. John Lee Roring and Dr. Trevor Garrett. A portfolio company of the Thurston Group, Gen4 Dental Partners is a dental services organization providing support to providers of dental services. Gen4 has more than 80 locations in 11 states and over 150 dentist partners. This acquisition marks Gen4’s third transaction of the year. In 2022, Gen4 completed eight acquisitions, expanding its presence in Utah, Minnesota, California and Ohio. According to data captured in the... Read More »
Vivo Infusion Announces Acquisition of CIVIC Infusion
Vivo Infusion announced on January 31 it has acquired Wilton, Connecticut-based CIVIC Infusion. Vivo Infusion will now have a combined 36 ambulatory infusion centers across nine states. CIVIC’s co-founders Barry D. Stein, M.D. and Robert M. Roteman, M.D. will join Vivo Infusion as medical directors. Financial terms of the transaction were not disclosed. Founded in 2018, CIVIC Infusion delivers solutions for infusion patients in Connecticut and New York. It offers therapies for acute and chronic conditions in specialties such as allergy/immunology, gastroenterology, neurology and rheumatology. CIVIC’s physicians work with certified infusion nurses to provide medical care to adult and... Read More »
JLL Advises the Sale of Two Cincinnati Medical Office Buildings
Azora Exan announced on January 30 that it acquired two medical office buildings (MOB) in Cincinnati for $78 million. 90 North Real Estate LLP, a real estate investment manager, was the seller. JLL represented both 90 North Real Estate and Azora Exan in the transaction. JLL also arranged the acquisition loan for Azora. The Offices at Vernon Manor is a seven-story, 156,000-square-foot building that was built in 1924 and renovated in 2011. Offices @ Vernon Place consists of 147,130 square feet and is a four-story building. It was completed in 2017. Both buildings are fully leased by Cincinnati Children’s Hospital. The price is approximately $257 per square foot. Founded in 2013, Azora Exan... Read More »
