Medical Specialists of the Palm Beaches Expands In Florida
On October 7, Medical Specialists of the Palm Beaches (MSPB) announced that it entered into an agreement to acquire Schlein & Shinder PLLC. Schlein & Shinder PLLC is an internal medicine practice with one location in Boynton Beach, Florida. According to the press release, there are two physicians on staff: Drs. Andrew Schlein and Stacey Shinder. Backed by Ascend Partners and partnered with CareAbout Health, MSPB is a primary care-focused, multi-specialty physician group practice in South Florida. It has a team of more than 125 providers across more than 37 offices in Palm Beach and Broward counties. The company offers primary care, cardiology, interventional... Read More »
Durable Medical Equipment: Driving Growth in Home Health & Hospice
When the Home Health and Hospice (HH&H) sector is talked about, the focus is typically centered on patient-centric areas, leaving one vital component under-discussed: the durable medical equipment and respiratory home care (DME) field. The DME subsector is a broad industry that encompasses daily medical equipment designed for use in the home. This includes in-home services for mobility aids, shower and transfer benches, in-home hospital beds, oxygen and breathing concentrators, internal and external feeding tubes, surgical dressings, wound care equipment, ostomy bags, tracheostomy tubes and blood testing diabetic strips. According to the LevinPro HC database, as of October 4, 2024,... Read More »
Surgery Partners Expands in Wisconsin
Surgery Partners, a portfolio company of private equity firm Bain Capital, announced that it acquired multiple orthopedic practices to form Midwest Orthopedic and Musculoskeletal Alliance (MOMA). Orthopedic Institute of Wisconsin is based out of three locations in Wisconsin and has 17 providers on staff. Sports Medicine & Orthopedic Center S.C. is a physician ownership entity in Midwest Orthopedic Specialty Hospital. It is based in North Charleston, South Carolina and is run by nine physicians. Orthopedic Specialists, LLC & ASMS Holdings, LLC are a physician ownership entity in The Surgery Center. Nothing else was disclosed. Innovative Pain Consultants is... Read More »
PeaceHealth Adds 4 Clark County-Based Providence Clinic Sites
PeaceHealth and Providence Medical Group have announced that they have entered into a definitive agreement that will result in PeaceHealth acquiring four health clinics from Providence. Pending the standard regulatory review processes, the clinics will transfer to PeaceHealth. The clinics are located in Vancouver, Washington in Clark County. The four clinic sites employ approximately 100 staff, including physicians, nurse practitioners, registered nurses, medical assistants, clinical care coordinators and patient service specialists. Across the sites, services provided include primary care, walk-in care and outpatient rehabilitation services. Providence is a not-for-profit, Portland,... Read More »
Thriveworks Acquires Synchronous Health in First Ever Acquisition
Mental health provider Thriveworks kicked off October with a deal announcement. The company announced on October 2 that it has acquired AI-powered behavioral health company Synchronous Health. Synchronous Health is a behavioral telehealth company that delivers online counseling and coaching from human specialists with support between sessions from Karla®, an AI bot. Lynchburg, Virginia-based Thriveworks offers therapy and psychiatry services through in-person and virtual modalities. The provider operates more than 340 facilities in 49 states and Washington, D.C., and employs more than 2,200 clinicians. The acquisition enables Thriveworks to expand its technology base and operate enterprise... Read More »
Behind the Deal: PGP Advises on Dermatology Transaction
Physician Growth Partners (PGP) announced that it acted as the exclusive financial advisor to Dermatology Consultants as it was acquired by Forefront Dermatology. We spoke with Michael Kroin, CEO and Managing Partner of PGP, who was able to provide his insights into the acquisition. PGP is a sell-side healthcare investment banking firm dedicated to representing independent physician practices in transactions with private equity. Established in 1976, Dermatology Consultants operates two dermatology locations and one specialty clinic in Kentucky. It provides a comprehensive suite of medical, surgical and cosmetic dermatology services. According to its website, the practice has... Read More »
Methodist Healthcare Buys Texas Rehabilitation Hospital
San Antonio, Texas-based Methodist Healthcare announced on October 2 that it has acquired San Antonio Rehabilitation Hospital from NewEra IRF Holdings, an integrated commercial real estate development and capital investment company. San Antonio Rehabilitation Hospital opened in September 2023 to provide inpatient rehabilitation services to people with debilitating illnesses and injuries. For more than 50 years, Methodist Healthcare has provided high-quality care to patients from San Antonio, its 26 surrounding counties and around the world. The hospital, now named Methodist Rehabilitation Hospital Texsan, will house inpatient rehabilitation services that were previously provided at... Read More »
RCM Provider VisiQuate Acquired by PE Firm Accel-KKR
VisiQuate announced on October 1 its acquisition by Menlo Park, California-based private equity firm Accel-KKR. Financial terms of the deal were not disclosed. VisiQuate offers a user-friendly end-to-end revenue cycle management (RCM) and analytics solution that lets virtually anyone in a healthcare organization explore complex data from multiple sources to quickly gain insights and create actionable workflows. Since it was founded in 2009, VisiQuate has partnered with hospitals and health systems to markedly improve their top and bottom line. The company is headquartered in Santa Rosa, California. Accel-KKR is a technology-focused investment firm with more than $5 billion in capital... Read More »
Spectra Medical Devices Acquires XL Precision Technologies
Spectra Medical Devices, a portfolio company of private equity firm QHP Capital, announced on September 30 that it entered into an agreement to acquire XL Precision Technologies. XL Precision Technologies is a contract development and manufacturing organization (CDMO) specializing in the manufacture of precision micro-components, complex tubular components and sub-assemblies for the medical device industry. It is based in Stockton-on-Tees, England. Spectra Medical Devices is one of the world’s leading manufacturers of made-to-spec procedural needles. Spectra is a CDMO to industry-leading, multi-national healthcare companies, global original equipment manufacturers and... Read More »Schedule a demo
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