Oral Surgery Market Update

Private equity consolidation in Oral Surgery is very new compared to other sectors. There are currently just five active platforms (the first investment from private equity was Riverglade Capital’s investment in U.S. Oral Surgery Management in 2018). With a focus to replicate the success seen within the dental vertical, we are seeing considerable momentum toward private equity investments within oral surgery.

In just the last 24-months, four out of the five oral surgery platforms have been established. As new platforms are established, the “add-on” market continues to grow as platforms look to establish a presence in new geographies and increase regional density around existing locations.

The success of “first movers” in the market such as Oral Surgery Partners and U.S. Oral Surgery Management has sparked significant interest in this sector and transaction volume has followed accordingly. While deal volume has increased significantly over the last 18-months, this sector is still in the early innings of consolidation with many regions in the U.S. still presenting vast ‘white space’ opportunities for successful private equity partnerships.

Select Recent Transaction in the Oral Surgery Space

Date	Target	Platform	PE Sponsor	State
April 2021	Atlantic Oral Surgery and Implant Center	U.S. Oral Surgery Management	Riverglade Capital/Thurston Group	South Carolina
January 2021	Four California Based Practices	Allied OMS	DuneGlass Capital	California
December 2020	North Valdosta Oral & Maxillofacial Surgery	U.S. Oral Surgery Management	Riverglade Capital/Thurston Group	Georgia
December 2020	Atlanta Oral & Facial Surgery & Bay Area Oral Surgery	Beacon Oral Specialists	Blue Sea Capital	Georgia
October 2020	Oral & Maxillofacial Surgery	U.S. Oral Surgery Management	Riverglade Capital/Thurston Group	Georgia
September 2020	Rolla Oral Surgery & Periodontics	Oral Surgery Partners	Sheridan Capital	Missouri
September 2020	Greenville Oral Surgery	Oral Surgery Partners	Sheridan Capital	Illinois
September 2020	Columbia Oral & Maxillofacial Surgery	Oral Surgery Partners	Sheridan Capital	South Carolina
September 2020	Bloomington Oral Surgery	Oral Surgery Partners	Sheridan Capital	Indiana
August 2020	Oral Surgery Associates & Dental Implant Centers	U.S. Oral Surgery Management	Riverglade Capital/Thurston Group	Georgia
July 2020	Evergreen Oral Surgery	Allied OMS	DuneGlass Capital	Colorado
July 2020	Fort Worth Oral Surgery	Allied OMS	DuneGlass Capital	Texas
January 2020	Metropolitan Oral & Maxillofacial Surgery	U.S. Oral Surgery Management	Riverglade Capital/Thurston Group	Georgia
October 2019	Clark Homes Oral & Facial Surgery of Alabama	U.S. Oral Surgery Management	Riverglade Capital/Thurston Group	Alabama
October 2019	Dakota Valley Oral & Maxillofacial Surgery	U.S. Oral Surgery Management	Riverglade Capital/Thurston Group	Minnesota
October 2019	Oral & Maxillofacial Surgical Specialists	U.S. Oral Surgery Management	Riverglade Capital/Thurston Group	Tennessee
September 2019	South Oral & Maxillofacial Surgery	U.S. Oral Surgery Management	Riverglade Capital/Thurston Group	Tennessee
September 2019	Oral Surgery Partners	Oral Surgery Partners	Sheridan Capital	MO, IL, IN, SC
August 2019	Oral and Facial Surgery Associates of GA	U.S. Oral Surgery Management	Riverglade Capital/Thurston Group	Georgia

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source https://physiciangrowthpartners.com/healthcare-ma/oral-surgery-market-update/

Women’s Health Market Update

Women’s Health is a relatively new sector of interest for private equity groups (the first investment from private equity was Are’s partnership with Unified Women’s Healthcare in 2013 before investment halted until 2017). In a short period of time, the industry has seen rapid consolidation with nearly 70% of acquisitions to date occurring in 2020 or 2021 (showing resiliency amidst a global pandemic).

The considerable acceleration of transaction activity has created a rapidly closing window for groups to be “first movers” in their market. Platform acquisitions have been coupled with many add-on acquisitions as existing platforms look to increase regional density and expand into new geographies.

Recent Transaction Activity in Women’s Health

Date	Target	PE Sponsor	Platform	State
February 2021	Together Women’s Health	Shore Capital Partners		MI
January 2021	Care First	Audax Group	Axia Women’s Health	NJ
December 2020	Women’s Care Enterprises	BC Partners		FL, CA, KY
December 2020	Desert Perinatal Associates	Sverica Capital	Women’s Health USA	NV
December 2020	Mid Atlantic Women’s Care	Atlas Partners	Unified Women’s Healthcare	VA, NC
December 2020	Unified Women’s Healthcare	Atlas Partners		12 States
November 2020	Women’s Health Group	Shore Capital Partners		CO
September 2020	Women’s Health USA	Sverica Capital	Women’s Health USA	NV
September 2020	Women’s Health Associates of Southern Nevada	Sverica Capital	Women’s Health USA	NV
June 2020	Reiter, Hill, Johnson & Nevin	Assured Healthcare Partners	Advantia Health	DC, MD, VA
June 2020	Seven Hills Women’s Health Centers	Audax Group	Axia Women’s Health	OH
March 2020	Seven Hills OB-GYN Associates	Audax Group	Axia Women’s Health	OH
March 2020	Rubino OB/GYN Group	Audax Group	Axia Women’s Health	NJ
January 2020	Southern California Reproductive Center	Lindsay Goldberg	Women’s Care Enterprises	CA
January 2020	Oceanside OB/GYN	Audax Group	Axia Women’s Health	NJ
January 2020	Advantia Health	Assured Healthcare Partners		IL, MD, MO, VA,
January 2020	Women’s Health of Central Massachusetts	Sverica Capital	Women’s Health USA	MA
November 2019	OB/GYN of Indiana	Audax Group	Axia Women’s Health	IN
October 2019	Palm Beach OB-GYN	Lindsay Goldberg	Women’s Care Enterprises	FL
January 2019	London Women’s Care	Lindsay Goldberg	Women’s Care Enterprises	FL
August 2017	Women’s Health USA	Sverica Capital		CT
May 2017	Women’s Care Florida	Lindsay Goldberg		FL
January 2017	Axia Women’s Health	Audax Group		NJ, PA

Despite the heightened deal activity in the last year, there is still considerable opportunity in the industry with private equity still in the early innings of consolidation within the women’s health sector. The opportunity remains very strong for groups interesting in pursuing partnerships with private equity to achieve their goals and succession plans.

The post Women’s Health Market Update appeared first on Physician Growth Partners.

source https://physiciangrowthpartners.com/healthcare-ma/womens-health-market-update/