U.S. Oral Surgery Management Closes $125 Million Credit Expansion
U.S. Oral Surgery Management (USOSM) announced on December 6 that it closed a new round of funding, a $125 million credit expansion that will position USOSM for growth and expansion in 2023. A portfolio company of Oak Hill Capital Partners, USOSM is a management services organization (MSO) focused on oral and maxillofacial surgeons (OMS) founded in 2017. USOSM has partnered with more than 170 OMS practice locations across 24 states. According to data captured in LevinPro HC database, USOSM has completed nine acquisitions in 2022. The acquired practices are spread across Kentucky, Tennessee, Kansas, Texas, Illinois, Michigan, California, Florida, Indian and Virginia. And, according to... Read More »
One GI Acquires The Colon, Stomach, and Liver Center & Loudoun Endoscopy Group
Germantown, Tennessee-based One GI announced on November 30 that it purchased The Colon, Stomach, and Liver Center, LLC & Loudoun Endoscopy Group, LLC. This marks One GI’s fifth acquisition of the year. Goodwin Procter LLP served as exclusive legal counsel to One GI, and Alvarez & Marsal’s Global Transaction Advisory Group, LLC provided key diligence. Cascadia Capital served as the financial advisor to CSL, and K&L Gates LLP served as legal counsel. The financial terms of the acquisition were not disclosed. One GI is a gastroenterology management services organization formed by Webster Equity Partners in April 2020. One GI partners with GI physicians to help them manage,... Read More »
OrthoAlliance Acquires Central Indiana Orthopedics
OrthoAlliance, backed by Beacon Orthopaedics and Revelstoke Capital Partners, announced on November 15 that it acquired Central Indiana Orthopedics. The transaction represents OrthoAlliance’s fifth acquisition of the year. Founded in 1950, Central Indiana Orthopedics is an independent orthopedic practice that delivers care to patients with bone, joint and muscle injuries and conditions. The practice has locations in Anderson, Elwood, Fishers, Marion, Muncie and Winchester, Indiana, and is run by 26 doctors. OrthoAlliance, a physician-led management services organization (MSO) for orthopedic groups, was formed in 2019 in partnership with Beacon Orthopaedics and Revelstoke Capital... Read More »
Private Equity Dominates Dermatology
The dermatology space has proven to be worth watching in recent years. From January 1, 2022, through November 11, 2022, there have been 29 dermatology deals announced, according to the LevinPro HC database. This compares to the 25 deals during the same timeframe in 2021. Through the first two weeks of November, there were 23 deals announced in 2019. The same period of time in 2020 saw a decline in deal volume with 14 transactions with the drop attributed to the COVID-19 pandemic. Partners Group’s acquisition of Forefront Dermatology represents the largest purchase price within the dermatology subsector this year for $1.5 billion. OMERS Private Equity was the seller. Forefront... Read More »Schedule a demo
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