Huron Capital, recognized for its buy-and-build approach, is all smiles these days…
The firm strengthened their healthcare platform with the acquisition of a Richmond, VA dental practice. Huron's portfolio company, Dynamic Dental Partners Group, is a leading dental practice management company providing centralized back-office services to a network of fee-for-service dental practices. The latest acquisition increases Dynamic's network to 32 locations across Virginia, Florida and Arizona.
Linden Capital is another private equity firm with a dental platform. Click here for more info.
Louisville-based Almost Family is planning to fold yet another home health facility into its operation of over 240 home health locations. The organization entered into an agreement to acquire a 25-bed facility from Caldwell Medical Center in western Kentucky. Almost Family operates two subsidiaries: Visiting Nurse (home health nursing, physical therapy, etc.) and Personal Care (custodial and personal care services) with a presence in 14 midwest and eastern states. The acquisition is expected to close before May. Read more
The latest purchase follows the SunCrest Healthcare acquisition in December. Click here for more information.
The adult day care industry growth slowed during the recent economic slowdown. However, the Affordable Care Act through an increase in private health insurance coverage is expected to generate increased funding for this sector. Recovery in disposable income levels will also spur growth as households will be better able to afford the services again.
What is Adult Day Care? Services provided during normal business hours at a center (not the home) include social and basic health assistance, including transportation, meals, personal hygiene and therapeutic activities, to the elderly and individuals with mental or physical disabilities.
Active Day/Senior Care, Inc., a Clearview Capital portfolio company, stands tall in the roughly $6B highly fragmented market adult day care industry. The company created by the 2011 merger of Active Day and Senior Care Centers of America is the largest adult day service provider in the U.S. The company operates 75 centers in 11 states: Connecticut, Delaware, Indiana, Massachusetts, Kentucky, Ohio, Maryland, Mississippi, New Jersey, Pennsylvania, South Carolina.
The latest Active Day/Senior Care branded center is in New Jersey with the early March acquisition of a well-established center in Brick. Acquisition is likely to remain a key component of the company's growth strategy. >>Read more
Is Adam Elberg from Professional Orthopedic and Sports Physical Therapy happy? More than that…
"We're thrilled to welcome Gold Coast to the Professional family," said Elberg, CEO of the leading provider of rehabilitation services in the New York metro area.
With
the acquisition, Professional brings four Long Island clinics under the
firm's well-established umbrella. Key Gold Coast personnel will also
come on as partners. Professional, founded in 1998, increases it
outpatient clinic total to 27.
>>Read more
