Caretech Expands Into Kansas With Acquisition of The Smith Agency
Caretech has announced its acquisition of Emporia, Kansas-based The Smith Agency for an undisclosed price. With this acquisition, Caretech expands its service footprint into Kansas, adding an Adult Day Center to its portfolio. Founded in 2000 by Georgeann Smith, The Smith Agency provides compassionate support for individuals and families navigating care needs for themselves or loved ones. What began as a one-woman mission with just two clients in a single county has grown to 45 employees, 85 clients and services spanning five counties. Caretech is an independent non-medical home care provider, with a legacy of supporting seniors and individuals with intellectual and developmental... Read More »
AI, Pharma Services and Tariffs: The Healthcare Outlook from HPE New York
In mid-October, McDermott Will & Schulte’s Healthcare Private Equity New York conference brought healthcare leaders together to analyze the key challenges and trends shaping the industry in 2025. For one busy day, attendees heard from a series of panels that guided them through the complexities of private equity in healthcare and highlighted the most compelling investment sectors. It should be noted that media at the conference were bound by the Chatham House Rule, so we will refer to panelists anonymously unless we have received direct permission to use their names. “The boom days are back,” one panelist declared, echoing the enthusiasm at the conference around the... Read More »LevinPro HC Stat of the Week, October 31, 2025
What Physician Specialties Are Private Equity Firms After? *This data includes any physician specialty with less than 2% of overall deal activity Editor’s Commentary: Throughout 2025, dental practices have been the clear favorite for roll-up acquisitions by private equity firms and their sponsored platforms. This year’s trend mirrors activity we captured in 2024 and 2023 on our LevinPro HC platform, with dental drawing most of the attention in private equity investments and funding for years now. The volume of activity makes sense when you examine the tailwinds: a fragmented market, stable cash flows and the promise of a DSO’s ability to generate higher margins at scale.... Read More »
EmergeOrtho Triad Region Merges with Southeastern Orthopaedic Specialists
EmergeOrtho Triad Region announced on October 27 that it merged with Murphy Wainer Orthopedic Specialists and Guilford Orthopaedic & Sports Medicine Center, which are collectively known as Southeastern Orthopaedic Specialists. Murphy Wainer Orthopedic Specialists, based in Eden and Greensboro, North Carolina, has 11 physicians on staff. Guilford Orthopaedic & Sports Medicine Center, based in Greensboro, North Carolina, is run by a team of 10 physicians. EmergeOrtho Triad Region, part of EmergeOrtho, is a physician-owned practice with 235 employees, eight clinics, four urgent cares, five MRI locations and six hand therapy clinics. The three practices... Read More »
Proactive MD Expands Presence Across 4 States
Proactive MD announced two transactions in October 2025: urgent care centers in Tennessee and Texas as well as integrated medicine locations in Virginia and Ohio. The acquisitions follow a series of recent growth initiatives by Proactive MD in North Dakota and Utah. The terms for neither of the transactions were disclosed. Through the additions, Proactive MD strengthens its ability to provide integrated healthcare solutions that improve patient outcomes and reduce costs. The expanded presence supports its commitment to transforming employer-sponsored healthcare and building strong partnerships with health plan providers and third-party administrators. “We are proud... Read More »
ZT Corporate Buys 4 Express ER Facilities in Texas
ZT Corporate announced on October 28 the acquisition of four emergency care facilities operating under the Express ER brand. The facilities are located in Abilene, Waco, Harker Heights and Temple, Texas. The facilities will be integrated into ZT Corporate’s healthcare portfolio, Altus Community Healthcare, but will continue to operate under the Express ER brand. Established in 1997, ZT Corporate is a Houston-based private equity firm with offices in New York and Los Angeles. The firm focuses on healthcare and auto dealerships as core investment verticals. This acquisition increases ZT Corporate’s total number of emergency care centers across Texas to 35. Financial terms of the deal were... Read More »
Fibronostics Acquires Stone Clinical Laboratories
Fibronostics has announced the completion of its acquisition of Stone Clinical Laboratories, LLC, based in New Orleans, Louisiana. The transaction was finalized on October 27, 2025. Stone Clinical Laboratories is a leading provider of advanced laboratory services in the United States. The company specializes in preventative and molecular diagnostics testing supported by a customer-focused boutique service. Fibronostics is a global health technology company specializing in non-invasive diagnostic solutions for chronic diseases, with a focus on liver and metabolic disorders. Its flagship platform, LIVERFASt®, enables clinicians to assess liver health quickly and at scale. The company... Read More »
Outpatient Surgery Center M&A Market Overview: Deals Decline Amid Persistent Headwinds
Deal activity in the Outpatient Surgery Center market has slowed sharply in 2025 due to a number of headwinds that have extended timelines and reduced transaction momentum. The sector, encompassing ambulatory surgery centers (ASCs), offers 30-50% cost savings on common procedures like colonoscopies and orthopedics compared to inpatient settings. These translate to higher EBITDA margins for operators and favorable reimbursement under value-based care models, yet these advantages have not spurred robust deal flow amid broader headwinds. Year-to-date (YTD) through October 27, 2025, 29 deals have been announced, compared to 57 in fiscal 2024, 38 in 2023 and 45 in 2022. At this point, with... Read More »
CBRE Announces 2 California Transactions
CBRE announced that it acted as an advisor for two medical outpatient building (MOB) transactions. On October 21, CBRE reported that it advised on the sale of Creek Medical Buildings, a three-story MOB based in Irvine, California. The price is $16.25 million. Built in 1986, the MOB is fully occupied and comprises 43,374 square feet. The tenants were not disclosed. CBRE National Office Partners’ Anthony DeLorenzo, along with Sammy Cemo, Bryan Johnson and Harry Su of Private Capital Partners, represented the seller in the transaction. The $16.25 million purchase price represents a 5.9% cap rate. The price is roughly $375 per-square-foot. The company also... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
