From his perspective as CEO and managing partner at Physician Growth Partners, Michael Kroin sees an “interesting time” where different types of buyers are getting into the provider services sector at the same time that payers are aggressively pursuing independent practices.

“You see payers start to have interest in these private equity-backed groups as well or continue to have interest. So, that provides a number of exit opportunities for these private equity-backed groups that they historically haven’t evaluated,” he explained to host Geoff Cockrell.

Tune in to hear Michael discuss how strategic and financial buyers now coexist in a specialty-specific landscape, how M&A activity is reopening downstream after years of balance sheet constraints and why geography matters due to state-level restrictions on the corporate practice of medicine.

DW Healthcare Partners (DWHP) has announced it has sold LKC Technologies to AMETEK.

LKC, founded in 1975 and based in Gaithersburg, Maryland, is a manufacturer of electrophysiology testing devices.

DWHP, founded in 2002 and with its U.S. office in Park City, Utah, is a healthcare-focused private equity firm. The firm prefers to make shareholder liquidity, management buyout and growth capital investments in mid-to-late-stage companies.

AMETEK (NYSE: AME) is a Pennsylvania-based provider of industrial technology solutions.

Terms of the transaction were not disclosed.

RoundTable Healthcare Partners has announced it has invested in Colorescience. 

Colorescience, founded in 2013 and based in Carlsbad, California, is a skincare and sun protection brand.

RoundTable, founded in 2001 and based in Lake Forest, Illinois, is an operating-oriented private equity firm focused exclusively on the healthcare industry. The firm targets middle market investments in medical devices, medical products and disposables; specialty pharmaceuticals; medication delivery systems; specialty distribution; and complementary outsourced services.

Terms of the investment were not disclosed.

Main Post Partners has announced its acquisition of HomeWell Care Services.

HomeWell, founded in 2002 and based in Burkburnett, Texas, is a franchise home care provider with more than 100 franchise owners across the United States.

Main Post, founded in 2014 and based in San Francisco, is a middle market private equity firm that invests in consumer-focused businesses. The firm seeks both minority and majority investments in companies with $50 million to $500 million or more in revenue and typically invests $50 million to $250 million or more per company.

Terms of the transaction were not disclosed.

Water Street Healthcare Partners has acquired Pillr Health from Renovus Capital Partners, according to a news release.

Pillr, founded in 2003 and based in Boca Raton, Florida, is a provider of software and tech-enabled pharmacy solutions.

Water Street, founded in 2005 and based in Chicago, is a private equity firm focused exclusively on healthcare. Within the industry, Water Street targets investments in healthcare services, medical products and diagnostics, and pharmaceutical and life sciences.

Renovus, based in Philadelphia, is a lower middle market private equity firm that invests in a few sectors, including healthcare services. Founded in 2010, the firm invests across a range of healthcare companies, including those in life sciences commercialization, IT, revenue cycle management and behavioral health.

Terms of the transaction were not disclosed.