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Clairvest Group Acquires Bluetree Dental for $32 Million

Clairvest Group Acquires Bluetree Dental for $32 Million

Clairvest Group Inc., through Clairvest Equity Partners VI (CEP), announced that it purchased Bluetree Dental for $32 Million. Clairvest Group’s portion of the investment totaled $9 million. Clairvest Group is a Toronto-based private equity management firm with more than $2.4 billion (CAD $3.3 billion) of capital under management. Under the current management team, Clairvest has initiated investments in 60 platform companies and generated top quartile performance over an extended period. Bluetree Dental is a multi-specialty, pediatric and orthodontics-focused dental service organization with more than 45 offices centered in the Mountain West region of the U.S. The Bluetree Dental... Read More »
MB2 Dental Solutions Expands in California, Nevada

MB2 Dental Solutions Expands in California, Nevada

MB2 Dental Solutions announced that it acquired three dental practices.  The practice of Robert Wheeler, DDS operates out of one location in La Cañada Flintridge, California. Aloha Dental has one office in Las Vegas and is run by two dentists. Aspire Dental operates out of its Henderson, Nevada, location and is run by three dentists. Aloha Dental and Aspire Dental are both owned by Dr. Chris Capener. These acquisitions expand MB2 Dental’s foothold in California and Nevada. The deals represent MB2 Dental’s fifth and sixth transactions of 2023. In 2022, MB2 Dental completed 41 deals.  MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital... Read More »
LifePoint Health Acquires Four Rehabilitation Facilities

LifePoint Health Acquires Four Rehabilitation Facilities

LifePoint Health, a subsidiary of RCCH HealthCare Partners and Apollo Global Management, announced on March 2 that it purchased four rehabilitation facilities for an undisclosed price. The facilities have a combined workforce of 500 staffers and each facility has 36 rooms. The facilities are in Longview and Temple, Texas, Cincinnati, and Rogers, Arkansas. LifePoint Health owns and operates 62 community hospitals, more than 30 rehabilitation and behavioral health hospitals and 170 additional sites of care, including managed acute rehabilitation units, outpatient centers and post-acute care facilities. RCCH HealthCare is a portfolio company of Apollo Global Management. This acquisition... Read More »
BioTouch Acquires Titan Solutions

BioTouch Acquires Titan Solutions

West Haven, Connecticut-based BioTouch has acquired Titan Solutions, which is located in Shannon, Ireland. The acquisition will expand the international capabilities of BioTouch and enhance its position as a global leader in healthcare supply chain management, providing solutions for more than 160 countries. Terms of the deal were not disclosed. Titan Solutions is a supply chain solutions provider to a range of industry verticals including life science. BioTouch offers technology and customized software that allows for real-time ordering and tracking of courier and specimen locations and route optimization. According to data captured in the LevinPro HC database, this acquisition represents... Read More »
Patriot Capital Invests in Turnwell Mental Health Network

Patriot Capital Invests in Turnwell Mental Health Network

Patriot Capital has announced that it has made an investment in Turnwell Mental Health Network. Proceeds from the investment will be used to support the company’s growth. The terms of the deal were not disclosed. Based in Dallas, Turnwell is a clinician-led, integrated mental health group specializing in care for patients suffering from mental health disorders. Turnwell operates multiple freestanding outpatient clinics in Arizona and Montana, with a growth strategy of partnering with clinicians and practices across the country. Patriot Capital focuses on investment opportunities in small and medium-sized, privately-held companies having annual revenues of $10 million to $200 million,... Read More »
LOGEX Announces Investment from Thoma Bravo

LOGEX Announces Investment from Thoma Bravo

LOGEX announced on March 1 an investment from Thoma Bravo, a leading software investment firm. LOGEX’s existing shareholders, the company’s founders and Summa Equity will remain invested with the business and will work closely with Thoma Bravo and the executive committee to support LOGEX’s European growth and further drive innovation in healthcare analytics. This marks Thoma Bravo’s inaugural investment by its European  team. Jefferies LLC served as the exclusive financial advisor to LOGEX and Allen & Overy served as legal counsel. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Harris Williams LLC served as Thoma Bravo’s exclusive... Read More »
Notable Labs Acquires VBL Therapeutics

Notable Labs Acquires VBL Therapeutics

Notable Labs, Inc. announced its acquisition of VBL Therapeutics on February 23. Notable’s stockholders will receive newly issued ordinary shares and investors have committed an additional $10.3 million in a private placement to Notable, led by Builders VC, B Capital Group, Y Combinator, First Round Capital & Founders Fund. Chardan Capital Markets LLC is serving as the exclusive financial advisor to VBL Therapeutics, and Goodwin Procter LLP and Horn & Co. are serving as legal counsel to VBL Therapeutics. JMP Securities LLC is serving as exclusive financial advisor for Notable and Wiggin and Dana LLP and Meitar are serving as legal counsel to Notable. The combined company is... Read More »
Eclipse Decathlon Purchases Two Florida Rehabilitation Centers

Eclipse Decathlon Purchases Two Florida Rehabilitation Centers

Eclipse Decathlon Properties, LLC announced that it sold two Pinellas County rehabilitation centers for $23.3 million. The buying entity is affiliated with Joseph Herskowitz. Eclipse Decathlon Properties is linked to Santerre Health Investors, a global healthcare-focused investment and operating platform that is a joint venture between Highgate Capital Investments and Aurora Health Network. Countryside Rehab and Healthcare Center is in Palm Harbor, Florida and provides rehabilitation services to the surrounding areas. The rehabilitation center has 120 beds. It was sold for approximately $12.95 million. Bardmoor Oaks Healthcare and Rehabilitation Center offers rehabilitation services out of... Read More »
Gentiva Acquires ProMedica’s Heartland Home Health and Hospice Assets for $710 million

Gentiva Acquires ProMedica’s Heartland Home Health and Hospice Assets for $710 million

Gentiva, backed by Clayton, Dubilier & Rice, LLC (CD&R) and Humana, Inc., announced on February 28 that it acquired ProMedica’s Heartland home health and hospice assets for $710 million. The deal is expected to close in the second quarter of 2023. This acquisition will allow Gentiva to expand its footprint from 380 locations to 500 locations, and its patient census from 25,000 to 34,000. In addition to its home-based care and hospice capabilities, ProMedica has 12 hospitals, more than 2,500 physicians, a health plan, assisted living facilities, skilled nursing centers, memory care communities and outpatient rehab clinics.  Gentiva is a network of family hospice, palliative and... Read More »
TriasMD Acquires Southern California Ambulatory Surgery Center

TriasMD Acquires Southern California Ambulatory Surgery Center

TriasMD announced on February 28 its acquisition of Gateway Surgery Center, an ambulatory surgery center (ASC) in Santa Clarita, California. The move delivers on TriasMD’s promise to expand the data/evidence-driven ambulatory surgery center (ASC) model created by DISC Sports & Spine Center. With the addition of this ASC, DISC is expanding its reach, building on the patient community it has established in Orange County. As part of the acquisition, TriasMD becomes managing partner of the facility – to be renamed DISC Surgery Center at Gateway – and will work with its physician partners to integrate DISC’s standards in the form of protocols, state-of-the-art equipment and... Read More »