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Cloud 9 Software Acquires Focus Ortho
Cloud 9 Software, a Roswell, Georgia-based provider of cloud-based practice management systems, acquired Birmingham, Alabama-based Focus Ortho. The deal was announced on November 28, 2022. With the acquisition, Cloud 9 Software will increase its customer footprint and accelerate investments in its platform and service delivery. Cloud 9 will continue to support the availability of the Focus Ortho platform for current customers. Focus Ortho team members will integrate to become part of the Cloud 9 organization. Terms of the deal were not disclosed. Focus Ortho offers a cloud-based orthodontic practice management software platform that provides support to hundreds of offices across the U.S.... Read More »
Graybug Vision, CalciMedica Announce Merger
Graybug Vision, Inc. and CalciMedica Inc. have announced a merger agreement. Following the merger, the combined company will be headquartered in La Jolla, California. Rachel Leheny, Ph.D., will serve as CEO of the combined company. Graybug equity holders are expected to collectively own approximately 29% of the combined company, and pre-merger CalciMedica equity holders are expected to collectively own approximately 71% of the combined company. With approximately $35 million in cash and cash equivalents anticipated from the combined company, including a private placement financing expected to occur immediately prior to the merger closing, the combined company is expected to have a... Read More »
Great Plains Health Acquires Eye Surgeons of Nebraska
Great Plains Health has acquired North Platte, Nebraska-based Eye Surgeons of Nebraska. Beginning on January 1, 2023, the clinic will operate under its new name, Great Plains Health Eye Institute. Also based in North Platte, Great Plains Health is a fully accredited, 116-bed, acute-care regional medical center serving western and central Nebraska, northern Kansas and southern South Dakota. With 90 physicians representing nearly 30 medical specialties, the Great Plains Health system offers advanced health care, including heart and vascular, cancer and orthopedic surgery services. Great Plains Health is a Level III trauma center and all of its emergency department physicians are... Read More »
Imagen Dental Partners Acquires O’Bryan Advanced Dentistry
Imagen Dental Partners has acquired O’Bryan Advanced Dentistry in Coos Bay, Oregon. O’Bryan Advanced Dentistry provides cosmetic, restorative and preventive dentistry as well as dental implants and same-day crowns. Imagen Dental Partners is a dental partnership organization (DPO) founded in 2020 that partners with dental practices, invests in them and supports their growth. Imagen Dental Partners supports practices in California, Arizona, Texas, Minnesota, Florida, Georgia, South Carolina, Tennessee, Kentucky, Illinois, Indiana, Ohio, Michigan, Oregon and Wisconsin. Terms of the deal were not disclosed. According to the LevinPro HC database, this was the 182nd dental practice transaction... Read More »
Excelsior Capital Acquires Chattanooga MOB
Nashville-based private equity firm Excelsior Capital has purchased a 17,837-square-foot medical office building (MOB) in Chattanooga, Tennessee for $7.4 million, or approximately $415 per square foot. The MOB was built in 2014 and houses the Center MedSpa on the first floor and the Center for Integrative Medicine on the second floor. The property is at 100% occupancy and the 1.2-acre site includes both on-street and off-street parking. Excelsior Capital is a real estate private equity firm based in Nashville, Tennessee. Excelsior Capital typically targets stable assets, typically in the $8 million to $20 million range, in healthy submarkets that have a strong history of occupancy. ... Read More »
The Oncology Institute Acquires Hematology/Oncology Associates of Miami
The Oncology Institute, Inc. announced its acquisition of Hematology/Oncology Associates of Miami on November 22. This marks The Oncology Institute’s third transaction of the year. The Hematology/Oncology Associates of Miami has one location in Miami, Florida and is run by Dr. Roberto Ochoa. Founded in 2007, The Oncology Institute, also known as The Oncology Institute of Hope and Innovation (TOI), is a value-based oncology services platform. TOI has a network of 93 physicians and advanced practice providers across 55 clinics in five states, with more than 600 employees. TOI became publicly traded via a de-SPAC transaction with DFP Healthcare Acquisition Corp., announced in June 2021.... Read More »
Millstone Medical Outsourcing Acquires MycoScience
Millstone Medical Outsourcing has acquired MycoScience. Headquartered in Willington, Connecticut, MycoScience has more than 30 years of expertise in medical device and pharmaceutical laboratory testing, environmental testing and related regulatory support services. Fall River, Massachusetts-based Millstone Medical Outsourcing is a provider of customized outsourcing solutions to the medical device industry with a client roster of global original equipment manufacturers and emerging-growth companies. Millstone was acquired by private equity firm Arlington Capital Partners in January 2022. MycoScience’s leadership team will remain at the helm. Terms of the deal were not disclosed. According... Read More »
ARCH Medical Acquires Alpha Manufacturing & Design
ARCH Medical Solutions, a platform company of middle-market private equity firm The Jordan Company, announced on November 21 its acquisition of Alpha Manufacturing & Design. The acquisition adds to the depth and breadth of the ARCH Medical portfolio of precision-manufacturing solutions. Terms of the deal were not disclosed. Alpha Manufacturing & Design is a precision contract manufacturer for the orthopedic industry, specializing in highly engineered and complex surgical devices for spine, trauma, large joint and dental applications. ARCH Medical Solutions is a consolidated contract manufacturer for orthopedic and dental implants and instruments, as well as components and... Read More »
Private Equity Targeting Industry Segment That Maintains Strong Performance: Worker Shortage Drives Healthcare Staffing M&A Toward Record High
Acquisitions of healthcare staffing companies in 2022 are approaching last year’s record total as they work to fill positions amid a severe worker shortage that shows no signs of ending. According to the LevinPro HC database, investors and dealmakers have announced 31 healthcare staffing deals this year through November 14. This compares with a record-high 35 transactions in 2021. These totals are in sharp contrast to the 13 deals posted in 2020 and 17 in 2019. As has been the case with other healthcare segments, private equity has targeted the healthcare staffing subsector. So far in 2022, 15 of the 31 (48%) acquisitions have come from private equity firms and/or their portfolio... Read More »Schedule a demo
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