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Summit Partners Credit Advisors invests in Orthotic Holdings Inc.

Summit Partners Credit Advisors invests in Orthotic Holdings Inc.

Summit Partners Credit Advisors announced its acquisition of Orthotic Holdings Inc. (OHI), a company that creates custom medical devices for healthcare providers who treat conditions associated with the lower extremities. OHI was founded in 2011 and is based out of Mesa, Arizona. It has seven orthopedic brands under its umbrella that all treat lower extremity conditions. A branch of Summit Partners, Summit Partners Credit Advisors is a leading provider of debt capital to private and public middle-market companies. It was founded in 2010. According to data captured from the LevinPro HC database, this acquisition marks the 121st Medical Devices deal of the year, and 26th of the quarter. The... Read More »
Duo Health acquires Desert Kidney Associates

Duo Health acquires Desert Kidney Associates

Duo Health announced its acquisition of Desert Kidney Associates, PLC. This is Duo Health’s first nephrology partnership. The financial terms were not disclosed. With one location in Mesa, Arizona, Desert Kidney Associates provides renal care throughout the Mesa MSA. It is run by 23 providers. Duo Health is a new type of value-based medical group purpose-built to manage chronic kidney disease and end-stage kidney disease in collaborative relationships with nephrology and multi-specialty practices. According to data captured from the LevinPro HC database, this acquisition represents the 599th Physician Medical Groups transaction of the year, eight of them in the nephrology... Read More »
Specialty1 Partners Expands Endodontics Portfolio

Specialty1 Partners Expands Endodontics Portfolio

Physician Growth Partners, a healthcare services firm, announced that it advised New York Endodontics on its acquisition by Specialty1 Partners. Founded in 2017, Physician Growth Partners is based out of Chicago, Illinois and specializes in advising physician practices in transactions with private equity. New York Endodontics has one location in Manhattan and is run by six doctors. Specialty1 Partners is the parent company of dental surgical based partnerships Endo1 Partners, Perio1 Partners, and OS1 Partners. It maintains and scales practices for optimal performance in order to transform goals into reality. The financial terms of the acquisition were not disclosed. According to data... Read More »
KPMG Managing Director Sees Compressed Valuations in 2023 MOB Market

KPMG Managing Director Sees Compressed Valuations in 2023 MOB Market

Rising interest rates will benefit buyers with access to capital   Investors focusing on the medical office building (MOB) market in 2023 will be able to take advantage of favorable valuations as interest rates climb. That’s the message from Eric Lewandowski, managing director at KPMG. Lewandowski, based in Detroit, is involved in 10 to 20 MOB deals per year on the sell and buy sides. “There is increased pressure on valuations given higher lending rates, which is likely to work against valuations,” Lewandowski said. “Opportunistic buyers with access to lending may be swayed by value-focused buying opportunities and decide to take the expensive financing upfront with a plan to... Read More »
Ingenovis Health Acquires Springboard Health

Ingenovis Health Acquires Springboard Health

Ingenovis Health, Inc., backed by private investment firms Cornell Capital and Trilantic North America, announced it is acquiring Springboard Healthcare for an undisclosed price. Citizens Bank, N.A. and KeyBanc Capital Markets are acting as joint lead arrangers for the transaction. Davis Polk & Wardwell LLP is acting as legal advisor to Ingenovis, Cornell Capital and Trilantic North America. Citizens M&A Advisory is acting as financial advisor to Springboard, and Dinsmore & Shohl LLP is acting as its legal advisor. The transaction is Ingenovis’ third in the past 12 months, following its acquisitions of HealthCare Support, a leading provider of clinical and non-clinical allied... Read More »
Buchanan Street Partners Buys Laguna Hills, CA MOB

Buchanan Street Partners Buys Laguna Hills, CA MOB

Buchanan Street Partners is acquiring Oakbrook Plaza, a four-story, 120,354-square-foot office property in Laguna Hills, California. Buchanan is purchasing the building from a New York City-based fund manager for $28.1 million in an off-market transaction. Kevin Shannon, Paul Jones and Brandon White with Newmark represented the seller in the transaction. The Laguna Hills property is located less than one mile from MemorialCare Saddleback Medical Center and near several retirement communities. The property is 66% occupied, of which 30% of the existing space is leased to medical tenants. Buchanan Street Partners is a real estate investment management firm based in Newport Beach, California.... Read More »
Together Women’s Health Acquires OB/GYN South

Together Women’s Health Acquires OB/GYN South

Together Women’s Health (TWH), a management services organization backed by Shore Capital Partners, announced on December 21 that it acquired OB/GYN South, P.C. This acquisition represents TWH’s third transaction of 2022. The financial terms were not disclosed.  TWH supports its affiliated practices and physician partners with strategic guidance, administrative resources (including revenue cycle management, marketing, human resources, finance, accounting and IT), operational expertise and capital. The company is based in Grosse Pointe, Michigan. OB/GYN South has three locations in Alabama and is run by 12 providers. In addition to offering obstetric and gynecological care, the... Read More »
Guardian Dentistry Partners Acquires Seiden Dental Excellence

Guardian Dentistry Partners Acquires Seiden Dental Excellence

Guardian Dentistry Partners announced that it purchased Seiden Dental Excellence for an undisclosed price. Seiden Dental Excellence has one location in Levittown, New York and is run by two doctors. Guardian Dentistry Partners is a dental support organization that provides services and growth opportunities for its network of dentist partners. Founded in 2018, Guardian has expanded to support dental entrepreneurs in Alabama, Florida, Maryland, Michigan, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Texas and Virginia. This acquisition represents Guardian Dentistry Partners’ fourth of the year.  According to data captured from the LevinPro HC database, this... Read More »
Boston Children’s Health Physicians Expands Presence Across New York

Boston Children’s Health Physicians Expands Presence Across New York

Boston Children’s Health Physicians (BCHP) announced on December 20 that it acquired four pediatric primary care practices.  Personal Pediatrics has one location in Miller Place, New York and is run by four providers. Based in Mamaroneck, New York, Harrison Pediatrics is run by two providers. Riverdale Pediatrics has one location in the Bronx, New York. The practice is run by two providers. The practice of Alain Le Guillou, MD has one location in Larchmont, New York. A subsidiary of Boston Children’s Hospital, Boston Children’s Health Physicians is a large multi-specialty group with more than 300 clinicians. BCHP offers a full range of care to families in more than... Read More »
Ivy Rehab Partners with Maximum Performance Physical Therapy and Sports Rehabilitation

Ivy Rehab Partners with Maximum Performance Physical Therapy and Sports Rehabilitation

Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, added two clinics to its footprint through its partnership with Maximum Performance Physical Therapy and Sports Rehabilitation. Maximum Performance Physical Therapy and Sports Rehabilitation was founded in 2013 by siblings James Van Dien and Paige Palmer. The practice offers orthopedic and sports physical rehabilitation in New Jersey, serving primarily the Bergen, Essex, Hudson and Passaic counties. Founded in 2003, Ivy Rehab is a network of outpatient physical, occupational and speech therapy and ABA clinics throughout the United States. According to data captured from the LevinPro HC database, this... Read More »