M&A Update | Healthcare

EV ($MM) Revenue EBITDA EV

Closed Date

Target

Target Business Description

Buyers/Investors

Non-Acute Healthcare Provider

3/28/2018 Southern Tier Pediatrics, P.C.

Provides pediatric care services, including adolescent issues, screening and treatment for anxiety, depression and attention-deficit/hyperactivity disorder (ADHD), child abuse evaluation, and pediatric diabetes/endocrine disorders.

Guthrie Clinic Ltd.

- - -

3/27/2018 Cool Springs Interventional, PLLC Provides outpatient diagnostic and therapeutic radiological services.

MEDNAX, Inc. ncgCARE Inc. MEDNAX, Inc.

- - - - - - - - - - - -

3/26/2018 Grace Harbour, Inc. 3/21/2018 Childrens Eye Care, PLLC

Operates as an outpatient mental health practice.

Offers medical and surgical eye care services for children and adults. Provide advanced eye care and ambulatory surgery services.

3/21/2018 The Eye Associates Of Manatee LLP and Piedmont Surgery Center and Clemson Eye

Eye Health America

3/21/2018 Alpha Ortho-Care, Inc.

Offers primary care and specialty services to seniors and families with a focus on preventive care. The company is headquartered in Hialeah, Florida.

Strategic Health Services, LLC

- - -

3/19/2018 Shreveport Sedation Associates

Provides anesthesia services to an ambulatory surgical center.

CRH Medical Corporation Pharos Capital Group, LLC

- - - - - - - - -

3/19/2018 Horizon Oncology Research, LLC Provides oncology and hematology services to cancer patients.

3/16/2018 Two Leading Obstetric and Gynecological Practices 3/15/2018 Van Dam Dermatology and Laser Center 3/14/2018 One Hour Optical and 20/20 Image Eye Centers 3/14/2018 Maryland Vision Institute, LLC

Provide obstetric and gynecological care services in Virginia.

Advantia Health LLC

Provides face and body treatments for pigment, redness, rejuvenation, skin lifting, skin tightening, and body contouring. One Hour Optical and 20/20 Image Eye Centers provide eye care services.

Pinnacle Dermatology, LLC

- - -

Acuity Eyecare Holdings, LLC

- - -

Offers ophthalmology services in Western Maryland and West Virginia.

Mid-Atlantic Ophthalmology Group

- - - - - -

3/13/2018 Outpatient Imaging Affiliates, LLC The company specializes in operating outpatient imaging centers with healthcare providers, such as health systems, academic medical centers, and radiology groups.

ICV Partners, LLC

3/13/2018 Orlando Rangel, M.D., P.A. 3/13/2018 Decillion Healthcare LLC

Provides family medicine, internal medicine, and geriatric care.

Cano Health, LLC

- - - - - -

Provides individualized pharmacy and clinical support services for patients with chronic, difficult to treat conditions in neurology, oncology, gastroenterology, immunology, and rheumatology.

BioMatrix, LLC

3/9/2018

Stewart Animal Clinic P.C.

Stewart Animal Clinic P.C. provides veterinary services.

Southern Veterinary Partners, LLC - - -

3/9/2018 3/7/2018

Newbury Park Dental Studio Champion Physical Therapy and Professional Therapies, Inc. Nine New Jersey Locations of DermOne Inc.

Newbury Park Dental Studio offers dental care services to patients.

Johnson Family Dental

- - - - - -

Champion physical therapy, LLC and Professional Therapies, Inc. offer physical therapy services.

CORA Health Services, Inc.

3/6/2018

Provides dermatological healthcare services.

Schweiger Dermatology Group, PLLC - - -

3/2/2018 3/2/2018 3/1/2018

Presence Health Network

Operates as a Catholic health system in Illinois.

AMITA Health Genoptix, Inc.

- - -

CynoGen, Inc.

Provides lab services and solutions for diagnosis of cancer. Operates as an animal hospital in Owego, New York.

1.0

- -

Owego Veterinary Hospital

Endless Mountains Veterinary Center, PC

- - -

3/1/2018

Columbus Regional Healthcare System East Texas Medical Center Regional Healthcare System

Provides healthcare and wellness programs in North and South Carolina.

Piedmont Healthcare, Inc.

280.0

- -

3/1/2018

A not-for-profit organization, operating primary, secondary, and tertiary healthcare facilities in East Texas.

The University of Texas System; AHS Medical Holdings LLC

- - -

3/1/2018

MacNeal Health Network, Inc.

Operates healthcare facilities in the United States.

Loyola University Health System 270.0

- -

2/28/2018 Southwest Ohio Gastroenterology Southwest Ohio Gastroenterology Inc. provides healthcare services.

Clinton Memorial Hospital LLC Alliance Physical Therapy Management, LLC Envision Healthcare Corporation

- - -

2/28/2018 Agility Health, LLC

Provides rehabilitation services to patients, healthcare providers, and employers in the United States.

45.0

- -

2/28/2018 Chandler Radiology Associates 2/26/2018 Gulf Coast Pain Institute

Provides provides radiology services.

- - - - - -

Provides interventional and non-interventional pain management treatments, physical therapy, chiropractic services, laboratory testing, and medication management services.

NexPhase Capital

2/20/2018 Two Pain Management Practices In Jacksonville 2/20/2018 Women's Health Specialists of Montgomery County, P.A. 2/16/2018 HealthFair USA, Inc. 2/13/2018 Southwest Dermatology PC 2/10/2018 Solis Medical Laboratories (SML), Inc.

Comprises two pain management practices.

Physician Partners of America, LLC - - -

Provides treatment of gynecologic and gynecologic oncology conditions to women and girls of all ages.

Advantia Health LLC

- - -

Operates as a mobile health screening company.

Community Care Health Network

160.0 3.6x - - - - - - - - - - - - - - - -

Southwest Dermatology PC offers dermatology services in Orland Park, Illinois. Operates as a medical laboratory which offers clinical laboratory testing, phlebotomy, and courier services.

Pinnacle Dermatology, LLC De Novo Diagnostics, LLC

2/8/2018 2/7/2018 2/5/2018

South County Radiologists, Inc.

Offers radiology services in Saint Louis, Missouri. Provides dental services in the United States.

West County Radiology Group, Inc.

The Smile Center, P.A.

Jefferson Dental Clinics P.C. North Clark Medical Group

Physicians Primary Care PLLC Offers primary care for all ages, counseling services, advanced imaging, physical medicine, diagnostic testing, and home care services.

2/5/2018

Tifton Ophthalmology

Offers medical and surgical eye and vision care.

Tift Regional Medical Center, Inc.

- - -

7