Deal Announcements

MEC_2

Transaction Advisory– Minnesota Eye Consultants, PA has completed a recapitalization with Waud Capital Partners, LLC to form United Vision Partners Holdings, LLC. MEC is a provider of primary eye care and surgical eye care services in the Minneapolis-Saint Paul metropolitan area.

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Transaction Advisory– Sunshine Radiology, LLC has been acquired by The Physician Services business of Envision Healthcare, marking the fourth physician group that has joined Envision Healthcare in the past 30 days.

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Transaction Advisory– Desert Mountain Consultants in Anesthesia, P.C. (DMC) has been acquired by Sheridan Healthcare. DMC provides anesthesia and pain services at thirteen locations in Phoenix, Arizona.

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Transaction Advisory– Premier Pain Centers and Specialty Anesthesia Associates have been acquired by National Spine & Pain Centers . Premier provides interventional pain management services to seven locations throughout New Jersey, while SAA provides anesthesia services to seven New Jersey ambulatory surgery centers.

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Transaction Advisory– Pain Specialists of Orange County has partnered with Surgery Partners. PSOC is a comprehensive interventional pain management practice with six clinical locations throughout Southern California The Company also operates two Medicare certified and AAAHC accredited ambulatory surgery centers at its Mission Viejo and Irvine locations.

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Transaction Advisory– Quantum Vision Centers has been acquired by Clarkson Eyecare, a portfolio company of Friedman Fleischer & Lowe, LLC. Quantum Vision Centers is a provider of primary eye care services, surgical eye care services, complete optical services, and optometric co-management services throughout 20 locations in Illinois and Missouri.

SCCC

Transaction Advisory– Surgical Care Affiliates (SCA) has acquired a majority interest in Metropolitan Medical Partners, LLC dba The Surgery Center of Chevy Chase (SCCC). SCCC specializes primarily in orthopedic surgery, but other specialties include podiatry, ENT, plastic surgery, dental surgery, urology, and pain management.

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Transaction Advisory– Intelemage, a global pioneer in medical image sharing and workflow management, has been acquired by Medidata. Medidata plans to integrate Intelemage’s technology into the Medidata Clinical Cloud®, its industry-leading SaaS platform. This will offer customers an end-to-end solution to capture, manage, and analyze medical imaging data.

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Transaction Advisory– Balance Point Capital Partners has acquired a majority stake in Practitioner Support Services, LLC. ProHealth provides outsourced medical care services through a credentialed Nurse Practitioner, or equivalent Practitioner, primarily to skilled nursing and assisted living facilities within the state of Connecticut.

Bio Direction

Transaction Advisory– BioDirection, a medical device company developing novel point-of-care products for the diagnosis of concussion and other traumatic brain injury (TBI), has closed over $4 million in Series B financing. Provident Healthcare Capital made a direct investment in BioDirection and Provident Healthcare Partners has been engaged as exclusive financial advisor to BioDirection.

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Transaction Advisory– Texan Urgent Care, an urgent care clinic operator with 14 centers throughout Texas, has been acquired by FastMed Urgent Care, the second largest and fastest growing independent urgent care organization in the U.S. FastMed is a portfolio company of ABRY Partners. Provident Healthcare Partners served as exclusive financial advisor to Texan Urgent Care.

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”