Thursday, May 17, 2018

Everything's Big in Texas Derm Too!

Spindletop Capital Management recently established a derm platform under the name Sanova Dermatology and did it in a BIG WAY.  The private equity firm brought together leading Austin-area and southern dermatologists to provide high-quality patient care. Spindletop's 8 acquisitions now fly under the Sanova flag.  They include:

  • Sanova Dermatology
  • Austin Dermatology Associates
  • Steiner Ranch Dermatology
  • Pflugerville Dermatology and Aesthetic Center
  • The Austin Institute for Clinical Research
  • Practice of Bonnie Furner, MD
  • DermaSurgery Center
  • Old Metairie Dermatology

The practice boasts 20 providers in the key Texas areas of AustinSan Antonio as well as Louisiana cities: New OrleansBaton Rouge, and Lafayette.

The business will be led by CEO Scott Burns and Dr. Ted Lain who shared the benefits of the new dermatology practice management platform:
"We now have the expert resources of a team of billing, marketing, and insurance experts to help prioritize customer service and handle the administrative headaches that bog down most private practice physicians today."
>>Read more 

Wednesday, May 16, 2018

Congrats Dr. Talbott!

Congratulations!!! are in order for our client, Dr. Gaines Talbott, longtime owner of First Med Urgent Care.  In early May, Dr. Talbott officially merged his successful Charlottesville practice with West Virginia-based MedExpress Urgent CareBest of Luck!

MedExpress, a national leader in affordable walk-in care, is part of Optum, a division of United Healthcare.  MT Consulting was instrumental in MedExpress' initial path to expansion over 10 years ago.  As our client, MT assisted the founders of MedExpress secure an investment from private equity firm, Excellere Partners.

Sunday, April 29, 2018

How about less Red Tape?

Hey Small Business Owners... a few politicians recognize the value of YOUR time.
pile of papers
In April, several U.S. Senators introduced a bill that would cut IRS compliance burdens for small business owners.  The bill, The Small Business Taxpayer Bill of Rights Act, S. 2689, has now been referred to the Senate Finance Committee.  According to one of the co-sponsors,
 “This bill lowers the compliance burden, strengthens taxpayer protections and ensures small businesses are not targeted for additional scrutiny based on discrimination.”
>>Read more about Bill S. 2689 or check out the specifics

Friday, April 27, 2018

Alliance Physical Therapy On the Move

Alliance Physical Therapy Partners logo
Alliance Partner Geo Map
Alliance Network Footprint
With the backing of GPB Capital Holdings, Alliance Physical Therapy Partners completed the acquisition of Agility Health earlier this year.   Now Tampa-based Alliance is readying for a move to Grand Rapids, MI - to the former Agility headquarter location.   But, that's not all.  Alliance has plans for a move into a number of new markets across the U.S. ...adding to its current footprint.  Stay tuned.

Thursday, April 26, 2018

Derm Practice Poised to Go National

skin photoSkin & Cancer Associates (SCA), a group dermatology practice, boasts 5 locations throughout Florida. Following a recent partnership with Philadelphia area Susquehanna Private Capital LLC, SCA is now focused on going national.  

The Ft. Lauderdale-based practice management organization with 80 professionals will continue with current leadership, Dr. Reuven Porges, CEO.  >>Read more

Wednesday, April 25, 2018

New Jersey Urgent Care Network Adds Location

AtlantiCare Urgent Care, part of Geisinger Health, will add another location to its network with the acquisition of Cape Urgent Care in Cape May, NJ.  The acquisition is expected to close June 1.  AtlantiCare clinics are located primarily in the central and southern part of the state.  

Wednesday, April 18, 2018

Are You a Successful Seller?

Is there a Perfect Time to Sell?

clock and growth money

As sell-side business brokers, we're often asked about Timing.

While we could provide a long winded answer, suffice it to say -
There's no perfect time to sell...
There's YOUR time to sell.

That time is when You and the Business are ready.

To that point...
Have you identified life's next step and eagerly await the transition?
Do you have a baseline or current business valuation?

You've heard it repeatedly...Preparation is the cornerstone of a successful sale.  Ideally, it starts with a business valuation by a knowledgeable advisor.  The assessment offers more than a snapshot of what your business is currently worth. The 360 degree review will likely identify business trends or information gaps as well as pinpoint areas for improvement.  Don't overlook or fail to react to these actionable insights. They become the basis for initiatives that over time will increase business value and enhance buyer interest.

Is this the Perfect Time for You to Sell?  

Valuations are a core MT Consulting service. Let us assess your business & determine how ready you are.  Call us at 610-527-8400.