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Guardian Dentistry Partners Strengthens Foothold in Three States
Guardian Dentistry Partners announced that it acquired five dental clinics, expanding its presence in Florida, Virgina and North Carolina. The clinics are Drs. Belton & Schrimper General Dentistry (2 proviers) in Rocky Mount, North Carolina; Great Boca Smiles (1) in Boca Raton, Florida; John Andre, DDS & Associates (2) in Innsbrook and Glen Allen, Virginia; Jupiter Dental Care (1) in Jupiter Florida; and Tony D. Clark, DMD (1) in Fort Walton Beach, Florida. 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... Read More »
Medrina Purchases Radial Health
Medrina, backed by Webster Equity Partners, announced on October 26 that it acquired Chicago-based Radial Health. Medrina was represented by Goodwin Procter LLP and CohnReznick LLP. Reed Smith LLP acted as healthcare regulatory counsel. Formally known as Integrated Rehab Consultants, Medrina has been providing physiatry services since 2010. Medrina partners with skilled nursing facilities (SNFs) and has since become one of the largest groups of physiatrists in the country, focusing on SNFs and expanding in the inpatient hospital setting. Founded in 1996 by Dr. Lynn Mershon, Radial Health is a medical group located primarily in Illinois and Florida, specializing in rehabilitation,... Read More »
Lee Equity Partners Acquires Bradford Health Services
New York-based private equity firm Lee Equity Partners announced its acquisition of a majority ownership interest in Bradford Health Services, a substance use disorder treatment and recovery services provider in Birmingham, Alabama. Lee Equity acquired the company from private equity firm Centre Partners and certain other investors, with Centre Partners maintaining an ongoing equity stake. Terms of the transaction were not disclosed. Will & Emery acted as legal counsel to Lee Equity. Harris Williams and Coker Capital served as advisors and Dechert LLP and Burr Forman LLP acted as legal counsel to Bradford Health. Fifth Third and Comvest provided financing for the transaction. Through a... Read More »
Labcorp’s Q3 2022 Earnings Highlights
Laboratory Corporation of America Holdings (Labcorp), an S&P 500 global life sciences company, experienced a decline by nearly every financial metric (i.e. net revenue, gross profit, net earnings, operating income, etc.) and missed earnings estimates for the third quarter. Labcorp’s ‘robust’ acquisition strategy could not offset the impact of significant headwinds, including rising labor costs, labor shortages and other inflationary pressures. A major decrease in COVID-19 PCR and antibody testing sales also contributed to the decline in organic revenues. The reduced guidance for 2022 is indicative of this downward trend continuing into the final quarter of the year. The Burlington,... Read More »
A Conversation with Eric Kim at VSS Capital Partners
The Healthcare Editorial team at LevinPro HC spoke with Eric Kim, a Principal at VSS Capital Partners. He is responsible for sourcing and evaluating investment opportunities, as well as providing strategic and operational support to portfolio companies. Mr. Kim recently worked on establishing a new partnership with Center for Rheumatology, a Los Angeles-based physician group led by Dr. Arash Horizon, who is a well-known board-certified rheumatologist Q: How was this deal initiated and what was your role in it? Did VSS reach out to Dr. Arash Horizon or vice versa? What was the process like? Mr. Kim: Stout, an investment bank, brought the opportunity to us and we worked on the deal... Read More »
Dynamic Access Acquires Complete Intravenous Access Services
Dallas-based Dynamic Access, LLC has acquired Complete Intravenous Access Services, Inc. Terms of the deal were not disclosed. Dynamic Access, founded in 2004, provides services in 21 states for more than 3,000 healthcare facilities. Complete Intravenous Access Services has been providing vascular access services to healthcare facilities for nearly 30 years in Pittsburgh, eastern Ohio and the surrounding areas. According to the LevinPro HC database, this was the 21st infusion services deal of the year. This compares with 10 infusion services transactions recorded between January 1, 2021, and October 28, 2021. Read More »
Google Acquires Sound Life Sciences
Google has acquired Seattle-based Sound Life Sciences. Terms of the deal were not disclosed. Google focuses on search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence and consumer electronics. In 2017, Google acquired Senosis Health, which develops apps to monitor health, including hemoglobin levels and bone strength. Senosis also developed an app to measure breathing by holding a phone at arm’s length and blowing on it. Mountain View, California-based Google and its parent Alphabet have invested in health technology for many years. Alphabet subsidiary Verily Life Sciences uses connected devices for patient... Read More »
ENT Specialty Partners Acquires Associates of Ear, Nose & Throat Surgery
Dallas-based ENT Specialty Partners has acquired Flower Mound, Texas-based Associates of Ear, Nose & Throat Surgery. Terms of the deal were not disclosed. Founded in 2020, ENT Specialty Partners includes 24 ENT physicians, 21 audiologists, 10 advanced practice providers and support staff providing services in otolaryngology, head and neck surgery, audiology and allergy treatments. ESP partner practices can be found in 16 Texas locations. Associates of Ear, Nose & Throat Surgery has served patients in Flower Mound, Texas, and the surrounding communities since 1996. The practice provides ENT, hearing, sinus and head and neck cancer treatments. According to the LevinPro HC database,... Read More »
Unity MSK Strengthens Presence in Chicago MSA
Unity MSK, backed by Trinity Hunt Partners, acquired Midland Orthopedic Associates, marking the 48th Physician Medical Groups (PMG) transaction of the quarter. Unity MSK is a national platform providing support services to practices offering the full continuum of musculoskeletal care. It was formed by Trinity Hunt Partners in 2021. Midland Orthopedic Associates’ physicians offer advanced orthopedic care in sports medicine, hand, shoulder and upper extremity, hip and knee, foot and ankle, total joint replacement, arthroscopic surgery and trauma care. It has four locations in Illinois and is run by a team of six physicians. This acquisition gives Unity MSK a stronger foothold in... Read More »Schedule a demo
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