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SportsMed Physical Therapy Acquires Mendham Physical Therapy in New Jersey
SportsMed Physical Therapy announced on April 9 the acquisition of Mendham Physical Therapy, a physical therapy clinic located in Mendham, New Jersey. This acquisition brings SportsMed’s total number of clinics to 45 and strengthens its presence in New Jersey. Founded in 2004, SportsMed Physical Therapy is a multi-disciplinary physical therapy company with locations across New Jersey and Connecticut. Since 2004, SportsMed has offered comprehensive outpatient rehabilitation and wellness services, including physical therapy, occupational/hand therapy, chiropractic care and acupuncture services. SportsMed is a portfolio company of Hildred Capital Management, a New York City-based investor of... Read More »
General Atlantic Buys U.S. Urology Partners from NMS Capital
General Atlantic announced on April 9 that it acquired U.S. Urology Partners from NMS Capital. U.S. Urology Partners provides management expertise and infrastructure resources across several areas, including provider recruitment, payor contracting, data analytics and compliance. It was a portfolio company of NMS Capital. General Atlantic is a growth equity firm providing capital and strategic support for global growth companies. It was founded in 1980. Houlihan Lokey served as lead financial advisor to U.S. Urology Partners and NMS Capital. Ernst & Young Capital Advisors also served as financial advisor to NMS Capital. McDermott Will & Emery provided legal... Read More »
PharmaLogic Acquires Agilera
On April 4, PharmaLogic, a portfolio company of Webster Capital and MedEquity Capital, announced that it acquired Agilera Pharma AS. The seller was Insitute for Energy Technology (IFE), a Norwegian company that conducts research on nuclear energy. Agilera Pharma AS was established as a subsidiary of IFE in 2023. Agilera is a contract development manufacturing organization (CDMO) and a contract research organization. It is based in Norway. PharmaLogic operates 15 nuclear pharmacies in the northeast and western United States, serving more than 200 hospitals and medical clinics. It is a leading CDMO specializing in novel diagnostic imaging and therapeutic radiopharmaceuticals for... Read More »
General Atlantic Acquires U.S. Urology Partners: Strategic MSO Investment in Urology Sector
General Atlantic, a prominent global growth equity firm, has completed a significant growth investment in U.S. Urology Partners, marking the exit of NMS Capital. The transaction was announced on April 9, 2025, after closing on April 8, 2025. Financial terms of the deal were not disclosed. This acquisition represents a strategic move in the rapidly consolidating urology sector, where private equity (PE) firms are increasingly acquiring practices to achieve scale and operational efficiencies. The investment aims to strengthen U.S. Urology Partners’ position as a leading management services organization (MSO) supporting independent, community-based urology practices across the United... Read More »
Mercedes Scientific Picks Up Bell Medical Services in New Jersey
Mercedes Scientific kicked off April 2025 by announcing its acquisition of Bell Medical Services in Marlboro Township, New Jersey. Bell Medical Services is a second-generation family-owned company that provides medical and pharmaceutical products to healthcare professionals, primarily serving physician offices and healthcare providers in the Northeast. The company was founded in 1972. Founded in 1991, Mercedes Scientific is a family-owned importer and distributor of laboratory products and medical supplies. The company is based in Lakewood Ranch, Florida and has been serving laboratories for more than 34 years. The merger expands Mercedes Scientific’s distribution footprint to three... Read More »
Kandu Health and Neurolutions Merge to Form Kandu, Inc.
Kandu Health, Inc. and Neurolutions, Inc. announced on April 8 that the two companies have merged to form Kandu, Inc. Founded in 2007, Neurolutions is a medical device company developing a platform of neurorehabilitation devices leveraging brain computer interface (BCI) technology. The company’s first product candidate, the IpsiHand Upper Extremity Rehabilitation System, or the IpsiHand System, is being developed for upper extremity rehabilitation in chronic stroke patients. Kandu Health is a digital health company providing remote clinical support to stroke survivors and their care partners. The company was founded in 2021 and is based in Campbell, California. “We are excited to bring... Read More »
Bain Capital Acquires HealthEdge: Private Equity Giant Expands Healthcare IT Portfolio
Bain Capital has agreed to acquire HealthEdge, a healthcare IT solutions provider, from Blackstone. The transaction, announced on April 8, 2025, is expected to close during the second quarter of 2025, subject to customary closing conditions. The deal is valued at approximately $2.6 billion including debt, representing a 30x multiple of HealthEdge’s $86 million EBITDA. This acquisition aligns with Bain Capital’s strategic focus on healthcare IT investments and marks a successful exit for Blackstone, which acquired HealthEdge in 2020 for approximately $700 million. About HealthEdge HealthEdge provides healthcare IT solutions, including Core Administrative Processing Systems... Read More »Alliance Consolidated Group of Companies Acquires Delray Beach MOB
Alliance Consolidated Group of Companies has acquired a 16,761-square-foot medical outpatient building (MOB) in Delray Beach, Florida for $9.67 million. The transaction, which closed at approximately $577 per square foot, represents Alliance’s strategic expansion into the Florida healthcare real estate market. The deal was announced on April 8, 2025. Alliance Consolidated Group of Companies, founded in 1995, is a private real estate investment firm specializing in net-leased medical buildings with in-house management capabilities. The MOB is located at 6646 West Atlantic Avenue in Delray Beach, Florida. The 16,761-square-foot facility traded for $576.93 per square foot. The property... Read More »
