Anne Arundel Dermatology Under New Ownership

Anne Arundel Dermatology Under New Ownership

Anne Arundel Dermatology Management (ADM) has been an active buyer in the healthcare M&A space for the past few years. Backed by private equity firm New MainStream Capital (NMS), the physician practice group has announced 10 acquisitions since January 2018, according to search results in our HealthCareMandA.com Deal Database. The pair announced several additions in 2019 alone.   Anne Arundel Dermatology provides dermatological services in Maryland, Virginia, Tennessee, North Carolina and Pennsylvania. The practice has 74 locations and 181 providers and offers a comprehensive suite of dermatologic services, offering general... Read More »
Autism Therapy Tops PE’s List in December

Autism Therapy Tops PE’s List in December

A good number of behavioral health care deals have been announced in Decmeber 2019 and the majority of those target companies providing therapy services to individuals with autism and intellectual and developmental disabilities (I/DD). Seven deals in the Behavioral Health Care sector are on the books mid-way through the month and five offer some form of applied behavior analysis (ABA) therapy or services. The two remaining deals target companies specializing in residential substance abuse treatment and inpatient addiction and eating disorders for teens. Thomas H. Lee Partners announced the only deal to disclose a price. The firm paid $415 million (16.6x EBITDA) for Centria Healthcare, a... Read More »
PE Firms Exit North American Dental Group

PE Firms Exit North American Dental Group

Abry Partners and The Riverside Company are selling North American Dental Group (NADG), concluding a four-year investment in the dental service organization (DSO). NADG operates in the United States, and its network includes more than 200 dental practices in 11 states and 23 regional markets. The buyer is Jacobs Holding AG, a global professional investment group that supports the Jacobs Foundation, one of the world’s leading charitable foundations. No financial terms were disclosed. Jacobs Holding is no stranger to the dental market. The company already owns Colosseum Dental Group, a dental care provider, and the addition of NADG will create the first transatlantic dental group. NADG and... Read More »
PE Firms Go in Big for Dental Deals

PE Firms Go in Big for Dental Deals

Buying dental practices has been a competitive sport for a few years now, especially among private equity firms. Eighteen deals for dental practices have been announced through July 20 this year (no prices, of course). In all of 2017,  30 deals for dental practices were announced, with the buyers either private equity firms getting in on the action, or making add-on acquisitions. Last year’s consolidations have become large platforms today. One example is Western Dental Group, a portfolio company of New Mountain Capital since 2012, which has been cobbling together a California base focused on pediatric and family dental practices. In 2017, Western Dental added 14 Smile Wide offices... Read More »
Dermatology Deals Keep PE Platforms Growing

Dermatology Deals Keep PE Platforms Growing

The Physician Medical Group sector has been very busy in recent years, as hospitals and health systems acquire local practices that can produce referrals and private equity firms build platforms and make add-on deals. Dermatology practices aren’t coveted by hospitals, so it’s the private equity firms that are doing the collecting. In the first eight weeks of 2018, 17 deals for physician medical groups have been annouced, 10 in Janaury and seven in the first three weeks of February. The usual specialty practices were represented in that mix, with Mednax (NYSE: MD) adding a neonatology practice in California, Minnesota-based not-for-profit Fairview Health Services acquiring a... Read More »