Healthcare Services Acquisitions in 2014

Priority Ambulance announced it will purchase Trans Am Ambulance Services, Inc., subject to New York State Department of Health and NY Department of Transportation approvals. The acquisition adds Trans Am’s emergency and nonemergency medical transport operations in and around Olean, New York to Priority’s national ambulance network; Trans Am’s existing management (including Todd and Anna Reisner) will remain in place.

Genex Services, a leading provider of managed care services, has acquired M Hayes, a case management firm serving workers' compensation and disability insurance markets. The acquisition (financial terms undisclosed) adds roughly 100 employee case managers to Genex's clinical capabilities and brings M Hayes' founders into leadership roles within Genex to ensure a smooth customer transition.

ATI Physical Therapy has acquired Apple Physical Therapy, a Puyallup, Washington–based provider of physical, massage, occupational and hand therapy. The deal brings Apple’s local clinics and staff into ATI’s national platform to support ATI’s expansion into the Pacific Northwest while maintaining Apple’s local operations.

MTS Health Investors has completed a recapitalization investment in Florida Gulf-to-Bay Anesthesiology Associates (FGTB), partnering with the physician owners to provide capital for future growth. FGTB, based in Tampa, Florida, provides anesthesia and pain management services to hospitals and ambulatory surgery centers in Florida and Indiana; management will retain a significant stake and terms were not disclosed.

Advanced Dermatology and Cosmetic Surgery (ADCS Clinics) has acquired Fort Collins Skin Clinic, a Colorado dermatology practice owned by Dr. Brad Baack and Dr. Andy Kalajian. The practice operates 11 locations in the Fort Collins area and the acquisition expands ADCS's national footprint beyond Florida.

Revelstoke Capital Partners, a Denver-based private equity firm, has completed an investment in Schryver Medical Holdings, Inc., a Denver-headquartered provider of mobile imaging, clinical laboratory services, oxygen therapy and durable medical equipment rental. The investment will support Schryver's organic growth and enable the company to pursue acquisitions to expand service offerings and geographic coverage.

Bridgepoint Development Capital (BDC), the growth private equity arm of Bridgepoint, has acquired Phlexglobal, a UK-based provider of Trial Master File (TMF) and electronic TMF (eTMF) solutions and services. BDC plans to support Phlexglobal's technology development and international expansion to grow its client base across pharma, biotech and CRO markets.

Genpact Ltd. signed a definitive agreement to acquire Pharmalink Consulting, a provider of regulatory affairs services to the life sciences industry, and completed the transaction in May 2014. The acquisition expands Genpact's life sciences capabilities—adding regulatory strategy, CMC, regulatory operations and publishing services—and brings Pharmalink employees in the US, UK, India, Ireland and Puerto Rico into Genpact's Life Sciences vertical.