As a mergers and acquisitions firm, MT Consulting specializes in the sale of privately held healthcare service businesses. Our blog highlights recent industry acquisitions and shares insight for potential sellers.
For their next phase of growth, Athletico can rely on Harvest Partners. The private equity firm recently announced their investment in Athletico, the Chicago-based physical therapy business with 80 clinics throughout Illinois, Indiana and Wisconsin. >>Read more
Commenting on the partnership, Athletico's President Mark Kaufman noted:
"We chose Harvest as our partner because they support and share Athletico’s goal of providing excellent preventative care… The partnership will bring this mission to new markets via continued organic growth and strategic acquisitions.”
Healogics Holding Corp., headquartered in Jacksonville, FL, operates more than 500 hospital outpatient Wound Care Centers® across the U.S. Last year, the company with $300M in sales treated over 215,000 patients. The company's specialized wound care services are clearly in sync with today's trend of hospital outsourcing. Wound care treatment aids payors in minimizing medical costs associated with wound-related incidents.
Clayton, Dubilier & Rice (based in New York) will acquire the wound care services provider from Metalmark Capital and Scale Venture Partners with an estimated close in Q2 or Q3. >>Read more
In 2013, Urgent Care industry revenue topped $14B. By 2018, revenue is projected to increase to approximately $19B. Not surprising then...that American CareSource, a network of ancillary healthcare providers, is moving into the urgent care market space. Their foray begins with the acquisition of two urgent care clinics in the Atlanta metro area. The Locust Grove and Decatur clinics were previously owned by CorrectMed, LLC. >>Read more
With the completed acquisition, Dr. Richard Turner, American CareSource CEO, affirms,
"…we have taken our first important step in entering the urgent care market. The two centers will be the centerpiece of our strategy to become the high-quality, patient-centric provider of conveniently available affordable urgent care…"
Dermatology Associates (Tyler, TX) is moving North… The portfolio company of Candescent Partners is combining with Kansas City-based Dermatology & Skin Cancer Center (DSCC). Together, the organization of 25 physicians will provide services to patients from 14 locations in Texas, Kansas and Missouri.Geoff Wayne will serve as CEO for the combined practices. >>Read more
Related: Dermatology Associates of Tyler Get a Partner The Dermatology Associates acquisition follows another healthcare-related deal by the PE firm completed earlier this year. Candescent Healing, a Candescent Partners portfolio company, merged with a subsidiary of RestorixHealth in January.The two companies, operating under the name RestorixHealth, will continue its focus in the development and management ofwound care treatment centers. (The transaction represented an exit for Candescent Healing, its investors and its management team.)
Advanced Dermatology & Cosmetic Surgery, the Maitland, Florida-based "Derm" Giant, followed up an early January Midwest acquisition with a few more this year. Their most recent buys will further strengthen the firm's presence in their home state and include:
South Florida: Miramar Dermatology founded by Dr. Jay Gottlieb >>Read more
West Florida: Albergo Palm Harbor Dermatology founded by Dr. Robert Albergo >>Read more
North Florida: North Florida Dermatology Associates founded by Dr. Frank Schiavone and grew to four offices >>Read more
Advanced Dermatology & Cosmetic Surgery was established by Dr. Matt Leavitt in 1989 and has grown to over 75 locations with presence on both coasts and in the Midwest. The firm also provides billing & coding services under the Ameriderm™ trade name.