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Navigating Year Over Year Trends of the Physician Medical Group M&A Market
The Physician Medical Groups (PMG) market is an industry that we frequently analyze, and for good reason. Coupled with its high deal volume, the sector is brimming with changing trends such as the growth in the cardiology space or how the size of the practices being purchased has changed over time. According to the LevinPro HC database, between January 1, 2023, and November 30, 2023, there were 2,001 healthcare transactions reported, 478 of them in the PMG sector, accounting for approximately 24% of deals. PMGs represent the second largest healthcare sector, with Other Services, a catch-all for ancillary services and companies at 502 transactions. Source: LevinPro HC, December 2023 The... Read More »
Marquee Dental Partners Acquires Three Florida Practices
Marquee Dental Partners, a portfolio company of Chicago Pacific Founders, announced on May 11 that it purchased three dental practices in Florida. The practices are Alafaya Family Dentistry in Oviedo; the practice of Dr. Mark Damerau in Palm Beach Gardens; and the practice of John S. Ledakis D.D.S. in West Palm Beach. Marquee Dental Partners is a dental support organization, founded in 2015 with an investment of $35 million. Marquee Dental supports more than 70 offices and more than 100 dentists who care for nearly 300,000 patients annually. Marquee Dental Partners also acquired Parkside Family Dental in 2023. With the completion of these partnerships, Marquee now supports 28 offices... Read More »
Winter Park Ophthalmology Joins Private Equity-Backed Ascend Vision Partners
Ascend Vision Partners (AVP), backed by private equity firm Chicago Pacific Founders, announced a partnership with Winter Park Ophthalmology. AVP will perform the business functions for the practice, including legal and regulatory compliance, insurance negotiations, human resources, IT, finance, marketing, legal guidance and more. Terms of the deal were not disclosed. Led by Dr. Rebecca Kurzon, Winter Park Ophthalmology treats patients in Winter Park, Florida, for medical diseases of the eye and provides ocular surgery such as cataract removal and routine exams. Established in 2022, AVP delivers business solutions for eye care professionals. The company’s 300 employees provide eye... Read More »
