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CARE Fertility Goes International
U.K.-based CARE Fertility has entered the U.S. market with the acquisition of Reach Fertility, or The Reproductive Endocrinology Associates of Charlotte. Based in Charlotte, North Carolina, Reach Fertility is a leader in treating patients with fertility issues. The practice has 12 physicians. CARE Fertility is one of the world’s largest independent providers of fertility treatments with 28 practices across the UK, Ireland and Spain. CARE Fertility was acquired by Nordic Capital in March 2022 for an undisclosed amount. The demand for fertility services has been high this year, which has pushed M&A volume to 29 deals as of mid-December. We explored the fertility market and the... Read More »
EverService Acquires Mid-State Communications
EverService Holdings, LLC announced that it closed its acquisition of Manchester, Tennessee-based Mid-State Communications on December 14. Mid-State Communications provides medical answering, emergency dispatch, employee reporting, virtual receptionist, appointment scheduling and patient intake services to increase client revenue and improve patient experience. EverService focuses on end-to-end solutions specialized for the legal, medical, home services, retail and technology industries integrated with clients’ customer relationship management, electronic health records and operational systems. The company is based in Phoenix, Arizona. The acquisition of Mid-State... Read More »
Occupancy Rates, Job Growth Provide Strength for Healthcare Real Estate
Steve Bolen provided encouraging news for attendees at the December 13 New York Healthcare Summit in New York City’s financial district. “For 2022, health care was among the top targeted sectors for expansion within virtually every one of our capital sources,” said Bolen, the U.S. head of healthcare real estate at LaSalle Investment Management. “For 2023, healthcare real estate is among the top targeted sectors for expansion for our clients.” Bolen’s confidence hasn’t been shaken by speculation that next year could bring an economic downturn for the United States. “There’s a growing chorus of economists suggesting that a recession could be a reality in 2023,” Bolen said. “That is a... Read More »
PE-Backed Veranex Acquires Fusion Biotec
Veranex, backed by Summit Partners, Accelmed and Laurexa Capital Partners, has acquired Orange, California-based Fusion Biotec. The combination of Veranex’s infrastructure and experience developing diagnostic services with Fusion’s concept-to-production model works to continue the focus of driving the development of diagnostic and medical technology services for regulatory and commercial use. Financial terms of the deal were not disclosed. Fusion Biotec is a contract engineering and manufacturing firm in southern California dedicated to the diagnostics and medical device industry. Fusion Biotec is ISO 13485 certified for development and manufacturing, FDA and FDB registered. Founded in... Read More »
Cross Country Healthcare Acquires Third Agency During 2022
Cross Country Healthcare, Inc. (NASDAQ: CCRN) announced on December 13 that it acquired Hireup Leadership Inc. This marks Cross Country Healthcare’s third transaction of 2022, where it previously acquired two healthcare staffing agencies. Cross Country Healthcare provides healthcare staffing and workforce solutions in the United States. In 2021, the company reported revenue of $1.67 billion. Hireup is an interim leadership firm based in Santa Barbara, California. Hireup partners with organizations, including hospitals, academic medical centers and clinics, to recruit healthcare leaders within nursing, allied, physician, human resources and finance. This acquisition strengthens Cross... Read More »
Anne Arundel Dermatology Acquires Two Dermatology Clinics and One Dermatology Laboratory
Anne Arundel Dermatology Management (ADM) announced on December 14 that it purchased North Atlanta Dermatology and Dermatology Institute for Skin Cancer & Cosmetic Surgery, as well as the dermatology laboratory, SkinPath Solutions. ADM, a portfolio company of Ridgemont Equity Partners, is the largest dermatology provider in Maryland, with 19 locations and more than 35 providers offering general dermatology, advanced skin cancer treatments and cosmetic procedures. SkinPath Solutions is a privately owned, independent laboratory specializing in the diagnosis of skin, hair and nail disorders of all types. SkinPath serves clients across the Southeast with dermatopathologists licensed in... Read More »
Revelstoke’s The Care Team Acquires 1st Care Home Health and Care Hospice
The Care Team (TCT), a portfolio company of healthcare private equity firm Revelstoke Capital Partners, announced on December 14 that it completed the acquisition of 1st Care Home Health and Care Hospice. This transaction marks TCT’s fourth acquisition since partnering with Revelstoke in October 2019. Winston & Strawn LLP acted as legal counsel to TCT. Select members of the 1st Care leadership team will continue in management roles with TCT. Terms of the deal were not disclosed. 1st Care Home Health, founded in 2012, and Care Hospice, founded in 2016, provide home health and hospice services to patients in the greater Indianapolis area and surrounding counties. They are based in... Read More »
MB2 Dental Solutions Makes Eighth Acquisition in 2022
MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners since February 2021, announced on December 13 that it acquired Lancaster Pediatric Dentistry, a five-dentist practice with one location in Lancaster, Ohio. Lancaster Pediatric Dentistry offers pediatric dental care to Lancaster, Ohio and the surrounding areas. MB2 Dental Solutions partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery. MB2 Dental is based in Carrollton, Texas. This acquisition represents MB2 Dental’s 38th acquisition in 2022 and strengthens MB2’s position in Ohio.... Read More »
PE-Backed Tristone Healthcare Acquires Next Steps
Tristone Healthcare, a portfolio company of Manchester-based private equity firm Tristone Capital, announced on December 13 its acquisition of K Bond Healthcare Ltd, doing business as Next Steps. Duke Royalty Ltd supported the transaction with a follow-on investment of £3.2 million (approximately $3.968 million) into existing royalty partner Tristone Healthcare to fund its acquisition. Duke Royalty has now invested £17.6 million (approximately $21.824 million) into Tristone Healthcare. Moore & Smalley acted as finance and tax advisor and St. Johns Legal acted as legal advisor for Tristone. Redwoods Dowling Kerr acted as broker, DHD & Co acted as accountants and Ison Harrison acted... Read More »Schedule a demo
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