Firm Intelligence

Pinnacle Health Partners — Fund III | Institutional Memory & Governance

Broken-Deal Archive

20 dead deals · 20 shown

Deal IDCompanySector / SubsectorRegionRev ($M)Kill DateKill PhaseKill ReasonResurf.
DD-HC-001
Magnolia Primary Care Group
Healthcare Services
Primary Care
Southeast
$32
Nov 15, 2025
Diligence
Medicare participation agreement required CMS change-of-ownership notification.…
DD-HC-002
Gulf Coast Orthopedic Associates
Healthcare Services
Orthopedics
Florida
$55
Oct 22, 2025
Diligence
Stark Law compliance review revealed potential referral arrangement violations.…
DD-HC-003
Heartland Women's Health
Healthcare Services
OB/GYN
Midwest
$21
Sep 30, 2025
LOI
State Certificate of Need required for 3 of 7 locations. Transfer process estima…
DD-HC-004
Prairie Medical Associates
Healthcare Services
Multi-Specialty
Midwest
$44
Sep 14, 2025
CIM Screen
Payor concentration: 72% Medicare. Single reimbursement rate change would destro…
DD-HC-005
Southeast Rehab Partners→ Coastal PT Add-OnView in Add-On Pipeline →
Healthcare Services
Physical Therapy
Southeast
$28
Aug 20, 2025
Diligence
Credentialing transfer for 14 providers estimated at 6-9 months. Revenue gap dur…
DD-HC-006
Bayshore Family Medicine
Healthcare Services
Primary Care
Florida
$16
Aug 5, 2025
Diligence
Malpractice tail coverage liability of $2.4M not disclosed until final week of d…
DD-HC-007
Valley Eye Care Network
Healthcare Services
Ophthalmology
Northeast
$38
Jul 18, 2025
Diligence
30% of clinical staff lacked current credentialing with 2 of 5 major payors. $1.…
DD-HC-008
Appalachian Behavioral Health
Healthcare Services
Behavioral Health
Mid-Atlantic
$19
Jul 1, 2025
Diligence
Three practices on separate PMS platforms with incompatible data structures. Con…
DD-HC-009
Cascade Dental Partners
Healthcare Services
Dental
Pacific Northwest
$26
Jun 15, 2025
Mgmt Meeting
Founder responsible for 45% of production. Age 64, no succession plan, refused e…
DD-HC-010
Metro Spine & Pain
Healthcare Services
Pain Management
Southeast
$35
Jun 1, 2025
CIM Screen
DEA audit ongoing for opioid prescribing patterns. Two providers under active in…
DD-HC-011
Sunshine Dermatology Group
Healthcare Services
Dermatology
Florida
$22
May 20, 2025
Diligence
Key provider non-compete unenforceable under new FTC rule. Three providers explo…
DD-HC-012
Pacific Urgent Care Centers
Healthcare Services
Urgent Care
West Coast
$42
May 5, 2025
Diligence
Occupancy costs 22% of revenue vs. 14% benchmark. 5 of 8 leases above market wit…
DD-HC-013
Mountain Creek Pediatrics
Healthcare Services
Pediatrics
Mountain West
$14
Apr 18, 2025
CIM Screen
Vaccine revenue 35% of total. CMS reimbursement cut effective January would elim…
DD-HC-014
Riverside Physical Therapy
Healthcare Services
Physical Therapy
Florida
$11
Apr 1, 2025
CIM Screen
Too small for platform. Revenue below $15M minimum threshold.
DD-HC-015
First Choice Psychiatry
Healthcare Services
Behavioral Health
Southeast
$31
Mar 15, 2025
LOI
Telehealth revenue 60% of total. Reimbursement parity legislation uncertain. Bus…
DD-HC-016
Comfort Care Home Health
Healthcare Services
Home Health
Mid-Atlantic
$48
Mar 1, 2025
Diligence
CMS Home Health payment model change would reduce reimbursement 7%. Thesis destr…
DD-HC-017
Pinnacle Chiropractic Network
Healthcare Services
Chiropractic
Southeast
$20
Feb 14, 2025
CIM Screen
Insurance reimbursement declining 3% annually. No path to margin expansion.
DD-HC-018
Horizon ENT Specialists
Healthcare Services
ENT
Northeast
$29
Feb 1, 2025
Mgmt Meeting
Management team refused to participate in diligence interviews. Red flag for pos…
DD-HC-019
Coastal Cardiology Group
Healthcare Services
Cardiology
Florida
$62
Jan 15, 2025
Diligence
Anti-Kickback Statute concerns with diagnostic testing referral arrangements. Ou…
DD-HC-020
Lakewood Allergy & Asthma
Healthcare Services
Allergy/Immunology
Midwest
$12
Jan 2, 2025
CIM Screen
Data quality insufficient. Financial statements unaudited, no aged AR detail, in…