• REIT Deals are Still Closing Despite COVID-19

    Despite COVID-19 taking a hit on REIT stocks and earnings, especially in the senior care industry, some buyers managed to close deals in May, primarily for medical office buildings. This might come as a surprise since physician practices are getting hit especially hard by COVID-19, so these deals may have been in the works before the pandemic... Read More »
  • Health Care M&A Deals, May 22, 2020

    The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our Deal Search Online database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. This week’s top deals include... Read More »
  • WELL Health Boosts Digital Health Portfolio

    WELL Health Technologies Corp. (TSX.V: WELL) has added another digital health firm to its growing portfolio. This week, the Canadian company announced it is acquiring Indivica, Inc. for $4.47 million (CA$6.2 million), consisting of CA$3.41 million in cash upon closing; CA$1.55 million in WELL common shares and a time-based earn-out of CA$1.24... Read More »
  • NaviHealth Changes Owners – Again

    The merry-go-round of owners may finally be slowing for naviHealth, a digital healthcare company that helps health systems and insurers manage post-acute care bundled payments. In its third change of command, naviHealth is now part of OptumHealth, which is part of the Optum division of UnitedHealth (NYSE: UNH). It now manages post-acute services... Read More »
  • Omada Health Adds Physera

    Omada Health, a digital health coaching company based in San Francisco, didn’t have to go far to find a perfect target. On May 19, the company announced its acquisition of Physera, Inc., a digital physical therapy provider also based in San Francisco. In conjunction with the acquisition, Omada raised an additional round of growth capital... Read More »
RiverGlade Capital Buys Kids Care Dental & Orthodontics

RiverGlade Capital Buys Kids Care Dental & Orthodontics

After a six-year partnership, Sterling Partners is selling Kids Care Dental & Orthodontics, a California based multi-site dental practice for children and adolescents. The buyer happens to be RiverGlade Capital, a private equity firm founded in 2017 by Danny Rosenberg and Garrick Rice, two former executives at Sterling Partners. No financial terms were disclosed. Founded in 2002, Kids Care has a significant presence in Northern California. Kids Care Dental is the market-share leader with over 150,000 patient visits per year and a growing team of nearly 300 clinical and non-clinical practice-based staff. It has 29 facilities in California and 43 practicing dentists. This deal adds to a... Read More »
Physician Practice Deals Are Set for New Record

Physician Practice Deals Are Set for New Record

Private equity firms can’t get enough of physician medical gropus, especially the specialty practices. In the first eight months of 2018, 153 deals have been announced in this sector. With four months left to go, there’s plenty of time to top last year’s total of 168 transactions. Private equity firms made 21 direct acquisitions this year, about 14% of the 153 announced deals. Companies owned by private equity firms accounted for 51% of the total. You can bet that, if private equity-sponsored deals made up 65% of the year’s total, valuations are going through the roof. And you’d be right. Sources tell us that the fevered-pitch interest in specialty physician... Read More »

The MACRA Effect Keeps Building

Last year, the Centers for Medicare and Medicaid Services asked for comments and then rolled out the final rules on the implementation of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA). Many industry observers predicted the rules would drive the majority of independent physician practices “right into the arms” of a local hospital, health system or other entity. Those predictions appear to be true. As of mid-March 2017, 46 acquisitions of physician practices have been announced, a 105% increase from the same period a year ago. Only one of the deals disclosed a price,  Optum’s (NYSE: UNH) $3.3 billion acquisition of Surgical Care Affiliates Inc. (NASDAQ: SCAI).... Read More »

PE Firms Flock to Dermatology Deals

Dermatology practices remain high on the list of healthcare sectors for private equity investors. Through mid-March, 2017, 12 deals targeting these practices have been announced by eight acquirers. All those acquirers are either private equity firms, or portfolio companies. Thanks to the private nature of these transactions, no financial terms have been publicly disclosed. Of the 17 dermatology deals announced in 2016, six acquirers were private equity firms and five were portfolio companies. Some big deals (even without disclosing prices) announced last year include Harvest Partners’ acquisition of Advanced Dermatology and Cosmetic Surgery from Audax Group, in May 2016. In October,... Read More »

Sterling Partners Expands into Ophthalmology

Sterling Partners, a Chicago-based private equity firm, added the first ophthalmology practice to its healthcare services portfolio with the acquisition of Grand Rapids Ophthalmology. GRO is the first eye care provider to join Great Lakes Management Services Organization, a practice management services organization formed by Sterling to support GRO’s local expansion and larger-scale growth. GRO offers a full suite of eye care services including optometry, retail optical, oculoplastics, cataract surgery and retinal sub-specialties. It employs 11 ophthalmologists and 18 optometrists in 11 locations. Sterling Partners has been busy building up platforms in other areas of healthcare services,... Read More »