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.
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 Austin, San Antonio as well as Louisiana cities: New Orleans, Baton 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."
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 Care. Best 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.