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Pinnacle Dermatology Acquires 16th Illinois Acquisition, Expanding Presence in the Midwest
After a few months of no announced deals, Pinnacle Dermatology, LLC entered the M&A fray for the first time in 2022. On April 11, the dermatology platform company of BayPine LP announced that it was acquiring Dermatology Physicians Group in Chicago for an undisclosed price. This acquisition is a great step in further strengthening Pinnacle’s ability to serve Chicago and surrounding Illinois communities. It is also part of Pinnacle’s strategy to build a strong base of dermatology practices across various geographic markets in the United States. Currently, Pinnacle operates dermatology clinics in Illinois, Texas, Tennessee and Michigan. Its services include skin care, patient... Read More »
Confluent Health Strengthens California Confluent with Orthosport Physical Therapy Partnership
Confluent Health has announced a new partnership with Orthosport Physical Therapy, a California-based physical therapy group. The partnership marks Confluent Health’s third partnership as part of California Confluent, a new company with a mission to exclusively build out physical therapy private practice partnerships throughout the Golden State, further enabling private practices to flourish. Financial terms of the transaction were not disclosed. This partnership will allow Orthosport Physical Therapy to maintain its existing brand while gaining access to Confluent Health’s ecosystem of management services, education, and musculoskeletal health innovations. By the end of 2021,... Read More »
EmpowerMe Wellness Makes Another Acquisition
EmpowerMe Wellness, a St. Louis, Missouri-based provider of health services geared towards seniors, has announced that it acquired Salus Physical Therapy, a Tampa, Florida-based physical therapy provider. The acquisition went into effect on April 1, and the financial terms were not disclosed. This transaction is the 28th announced Rehabilitation deal of 2022, which is a healthy total considering that there were only 96 Rehabilitation transactions in all of 2021. Founded in 2017, EmpowerMe Wellness describes itself as a tech-enabled, multiservice health care provider for senior living communities, providing integrated therapy, diagnostic, pharmacy and primary care services for their... Read More »
Parentis Health Expands Continuum of Care Services for Seniors with Pop-in Care Acquisition
Parentis Health, a Laguna Hills, California-based healthcare company focusing on senior care, has acquired Pop-in Care, a licensed home healthcare company catering to seniors, individuals with disabilities and those recovering from surgeries or other acute illnesses. Financial terms of the transaction were not disclosed. Parentis already offers several services for seniors, including home care, home health, hospice, and transportation services under the Parentis brand, and residential care, under its Verona Court brand. But its CEO Health Tarek A. El Nabli recognized the gap filled by Pop-in Care, which specializes in short visits, without minimum hourly or weekly time or visitation... Read More »
Great Lakes Dental Partners makes Third Acquisition of 2022, Expanding into New Territory
On April 6, Great Lakes Dental Partners, a portfolio company of private equity firm Shore Capital Partners, announced that it acquired Associates for Dental Care for an undisclosed price. The acquisition is GLDP’s third transaction of 2022 and fourth overall since 2021 as it makes moves to expand its presence across the country, especially in the Midwest. Founded in 2008, Great Lakes Dental Partners (GLDP) is a network of dental practice locations dedicated to advancing dental healthcare throughout Chicago and the surrounding area. GLDP provides best-in-class support in operations, recruiting, technology, marketing and collaboration among clinicians. Meanwhile, Associates for Dental Care,... Read More »
UnitedHealth’s Optum Continues Buying Spree with Kelsey-Seybold Clinic Acquisition
Just one week after its parent company UnitedHealth Group spent $5.4 billion on home health provider LHC Group, Optum, has continued the buying spree and announced the acquisition of Kelsey-Seybold Clinic, a large, multi-specialty group practice based in Houston, Texas. Financial terms of the transaction were not disclosed. Founded in 1949 by Dr. Mavis Kelsey, Kelsey-Seybold Clinic is Houston’s premier multispecialty group practice with more than 500 physicians and allied health professionals practicing at more than 30 locations in the Greater Houston area. Kelsey-Seybold offers quality medical care in 55 medical specialties. The organization operates multi-specialty care centers, a... Read More »
U.S. Oral Surgery Management Makes Third Acquisition of 2022
U.S. Oral Surgery Management, a specialty management services organization based in Irving, Texas announced that it was acquiring Southwest Virginia Oral and Maxillofacial Surgery. The financial terms of the deal were not disclosed. U.S. Oral Surgery Management (USOSM), a portfolio company of Oak Hill Capital Partners, is a specialty management services organization focused on oral and maxillofacial surgeons. USOSM has partner practices spanning 19 states: Texas, Colorado, Georgia, Tennessee, Minnesota, Alabama, Oklahoma, Louisiana, South Carolina, Mississippi, Florida, Indiana, Kentucky, Arizona, California, Oregon, Virginia, Washington and Massachusetts. The company was formed in... Read More »
U.S. Physical Therapy Expands in PA
U.S. Physical Therapy (USPH), one of the largest providers of outpatient physical therapy in the United States, has announced a new acquisition for Harrisburg, Pennsylvania-based Madden and Gilbert Physical Therapy, LLC. Madden and Gilbert Physical Therapy, LLC operates six physical therapy clinics in South Central Pennsylvania. It generates more than $7.5 million in annual revenue and has approximately 71,000 patient visits per year. USPH is acquiring a 70% interest in the clinic valued at $11.5 million, implying a $15.71 million value for Madden and Gilbert Physical Therapy. The practice’s founders will retain the other 30%. This deal expands USPH’s presence in Pennsylvania.... Read More »
UnitedHealth Group Buys LHC Group, Inc. in $6 Billion Deal
March almost came and went without any major M&A news, but then UnitedHealth Group announced it was buying LHC Group, Inc., one of the largest home health providers in the nation. The deal is being completed through Optum, a significant part of UnitedHealth Group. LHC is going for $170 per share, or $5.4 billion in cash. With debt included, that brings the deal’s total to $6 billion. Based in Lafayette, Louisiana, LHC Group, Inc. is a national provider of in-home healthcare services and innovations for communities around the nation, offering quality, value-based healthcare to patients primarily within the comfort and privacy of their home or place of residence. The company’s... Read More »Schedule a demo
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