Heartland Dental Acquires Capstone Dental 

Heartland Dental Acquires Capstone Dental 

On January 11 Heartland Dental, backed by private equity firm KKR, announced that it made its first acquisition of the year with the purchase of Capstone Dental. The financial terms were not disclosed.  Capstone Dental is run by Dr. Steven Yang, the only physician on staff. Dr. Yang operates out of one location in Charlotte, North Carolina.  Heartland Dental is a dental support organization providing non-clinical, administrative support services with more than 2,600 doctors in more than 1,650 locations across 38 states.   According to data captured in the LevinPro HC database, this transaction represents the 20th Physician Medical Groups acquisition of the year, and the... Read More »
Blue Sprig Pediatrics Acquires ABA Providers

Blue Sprig Pediatrics Acquires ABA Providers

BlueSprig Pediatrics, with the backing of KKR & Co. (NYSE: KKR), has been an active player in the M&A field. Since BlueSprig was formed in October 2018, it has reported five behavioral health care transactions in three different states, according to our Deal Search Online database. Now it has a foothold in Florida. Last week the company announced its acquisition of Florida Autism Center and Fusion Autism Center for $120 million. Collectively called FAC, the group provides applied behavior analysis (ABA) therapy services treating children with autism spectrum disorder. This partnership will create a top-five national provider and the leading provider in the southern United States.... Read More »
LGC Gets New Owners After Multi-Billion Deal

LGC Gets New Owners After Multi-Billion Deal

Cinven and Astorg have joined forces to purchase LGC Group from KKR (NYSE: KKR). The two global private equity firms spent $3.88 billion (£3 billion) for the firm, according to sources cited in Private Equity News. LGC provides a range of measurement tools, proficiency testing schemes, supply chain assurance standards, and specialty genomics reagents to the life sciences industry. According to our Deal Search Online database, this is the largest deal in the Laboratories, MRI and Dialysis sector, based on disclosed prices in 2019. This deal ends a four-year partnership that started in December 2015 when KKR acquired LGC for $989 million. At the time, LGC was a portfolio company of... Read More »

Summer Heat Sinks Deal Making in July 2017

Deal makers took a break in July, judging by the lower deal volume and lower deal value posted in our preliminary data for the month. Compared with the previous month, deal volume dropped 20%, to 100 transactions, and deal value fell 49%, to $8.7 billion. Third quarters are typically slower for mergers and acquisitions, although there have been a few exceptions. In 2015, a record 411 deals were announced in Q3, which was 17% better than the same quarter in 2014, and 10% better than the third quarter in 2016. With little more than one month into Q3:17, we’ve logged 106 transactions. Not exactly a strong pace, but that could change. At this writing, the Senate Republicans failed to get the... Read More »