Thursday, June 23, 2016

Biotronic Acquires NuWave Monitoring

A health care investment firm, Great Point Partners clients hold private equity positions in portfolio companies across North America and Western Europe including Biotronic NeuroNetwork (Biotronic)

Biotronic is the largest independent provider of intraoperative neurophysiological monitoring in the nation and the world. Founded in 1978 and headquartered in Ann Arbor, Michigan, it currently employs over 250 administrative, support, and clinical staff, including more than 200 technicians.

Great Point Partners recently announced that Biotronic has acquired NuWave Monitoring, another intraoperative neuromonitoring company. With highly trained, certified technologists and surgeons and state-of-the-art health facilities, NuWave Monitoring serve patients in Illinois and Indiana and is a good fit as an add-on company.

Both Biotronic and NuWave Monitoring share a commitment to quality and service. Thanks to the acquisition, Biotronic will expand its presence in the area around Chicago and northwestern Indiana. 

NuWave Monitoring will continue working through its doctors and hospitals and will comply with Biotronic's Joint Commission-accredited, quality-assurance program.,

Thursday, June 16, 2016

Professional Physical Therapy Pursues Expansion in Connecticut

Established in 2003, Great Point Partners (GPP) has extensive equity capital under management in the health care investment sphere. Great Point Partners expanded its portfolio in early 2016 by announcing the acquisition of half a dozen clinics in Connecticut, where it is headquartered.

Professional Physical Therapy (ProPT), a GPP I portfolio company, acquired several Moore Physical Therapy & Fitness offices. This move was described as a way of broadening its offerings to include an expanded team of occupational and licensed physical therapists, as well as sports rehabilitation professionals. A core focus is on designing evidence-based treatment plans that comprehensively incorporate best practices.

The founder of Moore Physical Therapy & Fitness noted that after 25 years of running the company, he believed that this acquisition would benefit patients and staff and reinforce a “best-in-class” care commitment. The principal at GPP described partnership with the region’s largest outpatient physical therapy provider as bolstering the company’s presence throughout the tri-state market.