Global Healthcare Advisors’ M&A Database


Our proprietary platform provides market intelligence on M&A deals, notable developments and regulatory changes pertinent to our clients.

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Showing results 1 through 50 of 14133

Website
Vertical
Category
QTR
Year
Summary
Multi-Specialty and Other Physicians' Offices
Deal
Q2
2021
DuPage Medical Group and The South Bend Clinic are pleased to announce that they have entered into a transformational agreement to further develop and expand on their multi-specialty clinical care delivery organization that raises the standard for quality and excellence. Both organizations are the largest physician-owned and directed organizations within their respective states – DuPage Medical Group in Illinois and The South Bend Clinic in Indiana. This historic partnership marks DuPage Medical Group's first collaboration across state lines.
Physical Therapy & Outpatient Rehabilitation
Deal
Q2
2021
ATI Physical Therapy, Inc. ("ATI" or the "Company"), a portfolio company of Advent International ("Advent") and one of the nation's largest providers of outpatient physical therapy services, has completed its business combination with Fortress Value Acquisition Corp. II ("FVAC II") (NYSE: FAII), a special purpose acquisition company. ATI owns and operates nearly 900 physical therapy clinics across 24 states. In partnership with Advent, ATI's technology and operational investments have enabled the Company to grow its clinic footprint by 50 percent while consistently putting patient care first and further enhancing its clinician-centric culture.
Physical Therapy & Outpatient Rehabilitation
Deal
Q2
2021
Excel Physical Therapy (“EXCEL”), New Jersey’s premier provider of orthopedic physical therapy since 1990, is pleased to announce its newest partnership with Team Rehab Physical Therapy, based in West Deptford, NJ. Established in 1992, Team Rehab will remain helmed by current owner, Michael Donoghue, PT, DPT, ATC. EXCEL continues to expand its reach across New Jersey and further into Southern New Jersey territory. The newest location will be the company’s first in Gloucester County and its southernmost site overall. With the addition of the West Deptford office, EXCEL now operates 22 locations throughout nine counties.
Home Health & Hospice
Deal
Q2
2021
Family Resource Home Care announced the acquisition of both Adeo In Home Care, a Tigard, Oregon-based homecare agency and Helping Hands Home Care, a Portland, Oregon-based homecare agency—two of the largest, independently owned agencies in the state. The purchases signal a large strategic move and investment in the state by Family Resource, with the agency now covering 79% of the population with the intent to continue to expand the footprint to include 92% of the Oregon population. As one of Great Point’s portfolio companies, Family Resource is pursing ongoing strategic market share growth, industry acquisitions and geographic expansion.
Eye Care
Deal
Q2
2021
Retina Consultants of America (“RCA”), a comprehensive physician management services organization, welcomes its 12th practice, The Retina Center of the Twin Cities of Minneapolis and St. Paul, Minnesota to its prestigious nationwide group of retina practices. The addition of The Retina Center expands RCA’s presence in Minnesota, as they join forces with RCA’s existing partner in the region, Vitreoretinal Surgery (VRS). Founded in 1985, The Retina Center has thoughtfully grown to encompass eight clinic locations in the Twin Cities region.
Hospitals & Health Systems
Deal
Q2
2021
Steward Health Care System, LLC (Steward) and Tenet Healthcare Corporation (NYSE: THC) announced that they have signed a definitive agreement regarding the acquisition by Steward of Tenet’s five hospitals and related hospital operations in the Miami-Dade and Southern Broward counties. Under the terms of the agreement, Steward will purchase five hospitals and their associated physician practices from Tenet for approximately $1.1 billion. The hospitals included in the sale are Coral Gables Hospital, Florida Medical Center, Hialeah Hospital, North Shore Medical Center and Palmetto General Hospital.
Medical Devices
Deal
Q2
2021
Veranex announced Wednesday the formation of the first concept-to-commercialization global service provider dedicated to the medtech industry. Formed in partnership with global growth investor Summit Partners, the Veranex platform is designed to provide the global medical technology industry with access to real-time integrated strategy across the product life cycle. As the first phase in building this global entity, Veranex has acquired three complementary solution providers: Ximedica, Quartesian, and Boston Healthcare Associates.
Health Plans & Payor Services
Deal
Q2
2021
Prime Health Services, Inc., a national cost management solutions company, announced Wednesday it has acquired, closed, and integrated InterWest Health, LLC, the most comprehensive network available in the Mountain Region of the United States. This acquisition allows Prime Health Services to strengthen its provider network in Montana, Idaho, North Dakota, South Dakota, Washington, and Wyoming. Over 25,000 physicians, hospitals, and other health care providers in this service area will now be available for clients utilizing the Prime Health Services PPO network.
Home Health & Hospice
Deal
Q2
2021
The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired the assets of First Call Hospice, which provides hospice services in Sacramento, California. The acquisition was effective June 16, 2021. “For more than 25 years, First Call Hospice has provided compassionate care to patients and families throughout the Sacramento region,” commented Brent Guerisoli, President of Pennant.
Business Services
Deal
Q2
2021
Fingerpaint, a full-service health and wellness marketing firm with a global team of more than 580 people, has acquired Splice, a healthcare communications business based in Emeryville, California. Fingerpaint is known for its innovative and data-driven approach to providing analytics-enabled, integrated marketing solutions to a growing roster of healthcare clients, specifically in the pharmaceutical, rare disease, and gene therapy sectors. Knox Lane, a private equity firm based in San Francisco, is a strategic investor in Fingerpaint.
Digital Health, IT, & Software
Deal
Q2
2021
NxGen Brands Inc. (OTC: "NXGB") ("NxGen Brands" or the "Company"), is pleased to announce the Company has entered into a definitive agreement to acquire 100% of HealthCard LLC ("HealthCard"), a technology company, that has a U.S. patent application pending for a patient-centric health recording and payment system.
Healthcare Supplies & Suppliers
Deal
Q2
2021
American Health Protection, Inc., a private company (AMHP), has completed its merger with a wholly owned subsidiary of EWLL (OTC.PK: EWLL). David Markowski, CFO of EWLL, stated: We believe we should be well positioned to benefit from the recently passed Pandemic Relief Bill that allocates substantial monies for domestic PPE producers. Even as the country unmasks, we continue to believe disinfectant and sanitizer use will continue to surge and expect that AHMP will become a significant factor in the market."
Diagnostics
Deal
Q2
2021
Hologic, Inc. (Nasdaq: HOLX), a global leader in women's health, has completed its previously announced acquisition of Mobidiag Oy, an innovator in near-patient, acute care molecular diagnostic testing, for an enterprise value of approximately $808 million. Mobidiag provides near-patient, molecular diagnostic instruments and tests for acute care conditions including gastrointestinal and respiratory infections, antimicrobial resistance management, and healthcare associated infections.
Pharmaceuticals & Life Sciences
Deal
Q2
2021
23andMe, Inc., a leading consumer genetics and research company, and VG Acquisition Corp. (NYSE: VGAC), a special purpose acquisition company sponsored by Virgin Group, announced Wednesday the completion of their previously announced business combination. The transaction uniquely positions 23andMe to revolutionize personalized healthcare and therapeutic development through human genetics. The combined company is called 23andMe Holding Co. and will be traded on The Nasdaq Global Select Market (“Nasdaq”) beginning on June 17, 2021 under the new ticker symbol “ME” for its Class A Common shares and “MEUSW” for its public warrants.
Pharmaceutical Services
Deal
Q2
2021
Danaher Corporation (NYSE: DHR) (the "Company") announced today that Danaher has entered into a definitive agreement to acquire privately-held Aldevron, for a cash purchase price of approximately $9.6 billion. Founded in 1998 by Michael Chambers and John Ballantyne, Aldevron is headquartered in Fargo, North Dakota and employs approximately 600 people. Aldevron manufactures high-quality plasmid DNA, mRNA, and proteins, serving biotechnology and pharmaceutical customers across research, clinical and commercial applications.
Healthcare Real Estate
Deal
Q2
2021
CD Healthcare Infrastructure Partners, LLC (CDHIP), a real estate infrastructure fund dedicated to facilitating consumer-centric healthcare delivery, has acquired a medical property in Phoenix, Arizona. The property is primarily leased to Banner Imaging, a part of Banner Health, the largest health care system in Arizona.
Digital Health, IT, & Software
Notable Developments
Q2
2021
It’s hard to think back to Amazon’s origin story, a website launched in the summer of 1995 that only sold books. Now that bookseller has 200 million Prime members globally buying not just books but food, clothing, appliances and most anything else that can fit in a warehouse. The company rakes in $50 billion a year from Amazon Web Services (AWS), quietly storing data, including medical records. Its 2021 first-quarter earnings were $8.1 billion. And if Amazon’s latest venture works, companies will soon be contracting with the retailer for telehealth and primary care services as well. From books to in-home checkup: Why?
Surgical Centers & Facilities
Notable Developments
Q2
2021
UnitedHealth Group made three long-term commitments as part of its sustainability efforts, including pushing more surgeries to ASCs, according to a June 15 company report. UnitedHealth Group aims to have more than 55 percent of its members' outpatient surgeries and radiology services delivered at high quality, cost-efficient sites of care by 2030, which often means directing patients to ASCs. In 2019, the company reported 47 percent of outpatient surgeries and radiology services were performed at high quality, cost-effective settings.
Digital Health, IT, & Software
Notable Developments
Q2
2021
After a record year for health tech valuations, the music might stop soon. Healthcare leaders surveyed by Venrock were asked to predict the valuations at the end of the year for seven health-tech companies that recently went public. They gave bearish forecasts for all but one, signaling expectations that the market might be cooling after a bull run.
Anesthesiology
Notable Developments
Q2
2021
Community Regional Anesthesia Medical Group is seeking Chapter 11 protection, which allows for reorganizing the business and paying back creditors – in this case, Community Medical Centers. It filed a Chapter 11 Petition with the United States Bankruptcy Court in Fresno Tuesday. Community Regional Anesthesia Medical Group provides anesthesia services to Community Medical Centers at its three major hospitals: Clovis Community Medical Center, Community Regional Medical Center and Fresno Heart and Surgical Hospital.
Assisted Living
Notable Developments
Q2
2021
The owners of a continuing care retirement community on Long Island have filed for pre-negotiated Chapter 11 bankruptcy protection for the second time in seven years, as it looks to restructure $199.5 million in bond debt. The CCRC, The Amsterdam at Harborside in Port Washington, New York, cited struggles to attract new residents, which were exacerbated by the coronavirus pandemic, as the impetus for the filing, and hopes the latest debt restructuring will allow the organization to pay vendors, and avoid layoffs and cuts to resident services.
Home Health & Hospice, Population Health
Notable Developments
Q2
2021
Health plans — and the entities that own them — continue to invest heavily around in-home care. The latest example is GuideWell Mutual Holding Corporation, which announced a new “multi-year strategic investment” in subsidiary PopHealthCare on Wednesday. The company is not disclosing the exact size of the investment. PopHealthCare offers risk-adjustment solutions, in-home assessments and home-based primary care, serving more than two dozen health plan clients in 15 states. Its home-based primary care segment, “CareSight,” serves about 11,000 patients in total.
Healthcare Investors / Advisors, Medicare / Medicaid
Regulatory
Q2
2021
In March 2020, the chairman of the Committee on Ways and Means asked MedPAC to examine the role that private equity (PE) plays in the Medicare program. One type of PE activity that has drawn growing attention in recent years involves investment firms that purchase companies and then try to improve their operational and financial performance so they can later be sold for a substantial profit. These types of acquisitions have become increasingly common in many parts of the economy, including the health care sector. The advantages and disadvantages of PE investment in health care have long been a topic of debate.
Health Plans & Payor Services
Regulatory
Q2
2021
The U.S. Supreme Court on Thursday rejected a Republican bid that had been backed by former President Donald Trump's administration to invalidate the Obamacare healthcare law, ruling that Texas and other challengers had no legal standing to file their lawsuit. The 7-2 ruling authored by liberal Justice Stephen Breyer did not decide broader legal questions raised in the case about whether a key provision in the law, which is formally called the Affordable Care Act, was unconstitutional and, if so, whether the rest of the statute should be struck down.
Dental
Deal
Q2
2021
Heartland Dental, the nation's leading dental support organization (DSO), announced Tuesday the closing of its previously announced agreement to enter into a strategic transaction with American Dental Partners Incorporated (ADPI). As the world's largest DSO, Heartland Dental now supports over 2,300 dentists, in more than 1,400 locations across 38 states nationwide. As a result of the strategic transaction, Heartland Dental will have expanded geographical reach and operational resources to deliver unparalleled value and support to doctors and their teams.
Dental
Deal
Q2
2021
Riverside Oral Surgery, the Official Oral Surgeons of the NJ Devils, with locations in River Edge, Westwood, Englewood, Livingston, Chatham, and Edison, announces the acquisition of Metropolitan Craniofacial Center, P.A. with locations in West Orange, West Caldwell, and Parsippany. This acquisition immediately expands Riverside's footprint to a total of nine service locations in New Jersey making it the largest surgeon-owned and operated oral and maxillofacial surgery practice in the state.
Eye Care, Surgical Centers & Facilities
Deal
Q2
2021
Sunvera Group (“Sunvera”), a management services organization providing support services to ophthalmology practices across multiple subspecialties as well as ophthalmic-focused ambulatory surgery centers, announced a new partnership with TruVista Surgery Center, growing its network of progressive organizations providing the highest level of specialty eye care. Headquartered in Troy, Michigan, TruVista Surgery Center was founded and developed by leading ophthalmologists in the Detroit metropolitan area to deliver high-quality, cost-effective and convenient surgical eye care to patients. Sunvera is a portfolio company of Ridgemont Equity Partners.
Primary Care
Deal
Q2
2021
MyCare Medical announced the recent acquisition of South Florida Family Medicine (SFFM), located in Plantation, Florida. Greatly expanding MyCare's clinical footprint in South Florida, the addition of SFFM adds three new committed and experienced healthcare professionals to MyCare's growing network which now serves more than 50,000 patients statewide. Founded by Dr. Sylvan Goldin, and currently led by Dr. Jarrod Frydman, SFFM has served the Broward community for over 50 years.
Durable Medical Equipment, Healthcare Supplies & Suppliers
Deal
Q2
2021
Pediatric Home Service (PHS), an independent comprehensive home care provider supporting kids with medical complexities, announced Tuesday the expansion of their pediatric services in Ohio by partnering with Advanced Medical Equipment (AME) and Central Ohio Specialty Care (COHSC). AME continues to build on more than 30 years of service of pediatric patients in central Ohio. COHSC, a division of AME, is focused on being the single source supplier for all equipment, supplies, medications, and related service needs for medically fragile, chronically ill newborns to selected adult populations.
Telehealth
Deal
Q2
2021
SureCo, a healthtech leader in programs and solutions that promote great health while lowering costs and improving the quality of care, announced today the acquisition of Tembi Health, an advanced telemedicine network and platform. This acquisition allows SureCo to control part of the patient journey and improve virtual care for its customers and partners. With Tembi’s nationwide network of board certified and licensed physicians, and providers, SureCo can expand its promise to bring engaged healthcare to its members seven days a week, from the comfort of their homes and offices.
Healthcare Staffing & Education
Deal
Q2
2021
Dedicated Nursing Associates Inc., or DNA, acquired Vital Medical Staffing, a per diem nurse staffing firm based in Charlotte, North Carolina, that provides 400 healthcare professionals to more than 130 facilities in North Carolina. The deal closed June 11. DNA will now employ more than 10,000 caregivers to its more than 6,500 clients throughout the United States. DNA currently has eight offices that service all 50 states, providing travel nursing, per diem, home care, hospice care and MSP workforce solutions.
Pathology
Deal
Q2
2021
PathGroup, one of the largest providers of anatomic pathology, digital pathology, clinical and molecular laboratory services in the United States, announced the acquisition of SkinDx, a leading dermatopathology laboratory in the Southeastern U.S., based in Birmingham, Alabama. This acquisition expands PathGroup’s presence in the dermatopathology space, while also providing state-of-the-art molecular pathology and clinical pathology services for current SkinDx clients. PathGroup is owned by Pritzker Private Capital along with management.
Digital Health, IT, & Software
Deal
Q2
2021
Banyan Software, Inc., a company focused on acquiring, building and growing great enterprise software businesses, is pleased to announce the acquisition of HealthRx Corporation, a company that provides research workflow, lab safety and occupational health management software solutions through its integrated Nexus platform. Headquartered in Fairfax, VA, HealthRx has been serving biomedical research organizations and government health agencies for decades.
Digital Health, IT, & Software
Deal
Q2
2021
RJD Green Inc. (OTCPK: RJDG) announced their subsidiary, IOSoft Inc., has acquired a healthcare software platform, MedSwift, to provide superior solutions in logistics, communications and data storage and requires minimal set up and training. IOSoft management stated they are adding an additional synergistic software platform to complement their suite of services. The software offers expediting & delivery of products and services to the healthcare community.
Specialty Hospitals
Deal
Q2
2021
Seven months after signing a letter of intent to explore a possible acquisition, Beth Israel Lahey Health says it has forged a definitive agreement to acquire Joslin Diabetes Center. The deal, which will require regulatory approval from multiple state agencies and likely federal authorities, extends a clinical affiliation that Beth Israel Deaconess Medical Center (BILH) has had with Joslin for several decades. It also continues a trend in which specialty hospitals are being acquired by larger state systems. The merger would bring 50 physicians and 500 Joslin employees into the BILH network, which already boasts 4,900 physicians and 36,000 employees.
Healthcare Supplies & Suppliers
Deal
Q2
2021
HealthTrust, a leading Group Purchasing Organization (GPO) and supply chain performance company for healthcare, along with its commercial GPO counterpart, CoreTrust, announced today the acquisition of EasiBuy, a full-service reverse-auction technology company specializing in cooperative sourcing for government agencies. Aided by HealthTrust’s procurement expertise, analytics and scale, EasiBuy will launch a Lead Agency Procurement Organization (LAPO) model aimed at erasing the double-digit differentials that government agencies frequently pay versus private sector GPO contracts.
Healthcare Staffing & Education
Deal
Q2
2021
Aequor Technologies, LLC, a Life Sciences Strategic Staffing and Consulting company, today announced the acquisition of HirelifeScience.com to expand its growth in the Life Science Industry space. HireLifeScience.com is a niche career network focused on the Life Sciences industry only. The platform allows Life Science employers to post their essential jobs to which candidates can apply. This partnership will help Aequor and its clients in Life Sciences to have more visibility and access to high-caliber talent.
Medical Devices
Deal
Q2
2021
Organon (NYSE: OGN), a global women’s healthcare company, today announced the completion of its acquisition of Alydia Health, a commercial-stage medical device company focused on preventing maternal morbidity and mortality caused by postpartum hemorrhage (PPH) or abnormal postpartum uterine bleeding.
Medical Devices
Deal
Q2
2021
Brain Scientific Inc. (OTCQB: BRSF), a neurology-focused medical device and software company, announces today that it has entered into a definitive merger agreement to acquire Piezo Motion Corp., a leading innovator of high-precision piezoelectric motion technology. The merger, upon its closing, is expected to expand the overall market reach of both companies and ability to deliver innovative technologies to high growth markets.
Pharmaceuticals & Life Sciences
Deal
Q2
2021
Avalon GloboCare Corp. (NASDAQ: AVCO) (“Avalon” or “the Company”), a clinical-stage global developer of cell-based technologies and therapeutics, announced that it has entered into a definitive agreement to acquire Hebei Senlang Biotechnology Co. Ltd. (“SenlangBio”), a PRC limited liability company. SenlangBio is currently the largest cell therapy company in Northern China in terms of bio-manufacturing scale, breadth and depth of clinical development programs, and pre-clinical research.
Pharmaceuticals & Life Sciences
Deal
Q2
2021
Elanco Animal Health Incorporated (NYSE: ELAN) and Kindred Biosciences, Inc. (KindredBio,NASDAQ: KIN) today announced the parties have entered into a definitive agreement for Elanco to acquire KindredBio, a biopharmaceutical company focused on developing novel pet therapeutics based on validated human targets. The acquisition further accelerates Elanco's expansion in the attractive pet health market, particularly advancing Elanco's presence in the fast-growing billion-dollar dermatology category.
Healthcare Real Estate
Deal
Q2
2021
Brookfields Commons, a Henrico County medical office property, has sold for $32.5 million, Cushman & Wakefield | Thalhimer announced last week. Nashville-based Montecito Medical acquired the 90,598-square-foot Class A property on June 11 from an entity managed by Stanley Shield Partnership. Brookfield Commons underwent a full renovation in 2019 and is currently leased to four tenants, including an ear, nose and throat surgery center, a pulmonary practice, a full-service imaging center and a women’s health care practice.
Otolaryngology
Notable Developments
Q2
2021
The Otolaryngology / Ear, Nose & Throat (ENT) specialty is developing into a noteworthy sector in healthcare mergers and acquisitions (M&A). Private equity (PE) firms have displayed an interest in the area, attracted to its various ancillary service offerings, ASC utilization, and market fragmentation. Demand for hearing and sinus treatments looks set to increase and will be buoyed by an aging population. And, despite being heavily impacted by the COVID-19 pandemic, outpatient otolaryngological surgical volumes rebounded quickly to near-baseline levels. Here are 25 statistics on the market, as curated by GHA Research.
Home Health & Hospice
Notable Developments
Q2
2021
Technology and value-based care are driving a new healthcare ecosystem that Humana discussed in detail at an investors day conference on Tuesday. The company is leveraging its Medicare Advantage plans, along with investments in home care and in-home primary care, to improve patient outcomes and reduce costs. “These capabilities are really to drive a more holistic and proactive healthcare system,” Humana President and CEO Bruce Broussard said.
Healthcare Supplies & Suppliers
Notable Developments
Q2
2021
On June 5, Medline announced a private equity transaction valued at more than $30 billion, which it expects to close later this year. Three private equity firms, Blackstone, Carlyle and Hellman & Friedman, will become investors in Medline when the transaction closes, with the Mills family remaining the largest single shareholder. "We were already a strong company, but we became even stronger with this transaction," said Andy Mills, president of Medline. "We're gaining resources from three of the top PE firms in the world… We think we'll get a more robust pipeline of deals because while we see a lot, with these three PE firms, we'll see every single deal in healthcare."
Digital Health, IT, & Software
Notable Developments
Q2
2021
Apple Inc. Chief Executive Tim Cook has said the company’s greatest contribution to mankind will be in health. So far, some Apple initiatives aimed at broadly disrupting the healthcare sector have struggled to gain traction, according to people familiar with them and documents reviewed by The Wall Street Journal.
Behavioral Health
Notable Developments
Q2
2021
Amid the COVID-19 emergency, many behavioral health stakeholders have touted the nation’s increased focus on behavioral health as a silver lining of the pandemic. Count Shana Hoffman, president and CEO of New Directions, among that group. “Coming out of this, I think we’re going to really think differently as a country about behavioral health — and think about it holistically as part of preventative care in the same way that we would think about measuring someone’s vital signs at a [primary care] visit,” Hoffman said.
Medicare / Medicaid
Regulatory
Q2
2021
To reduce redundancies and confusion in the Medicare system, health care policymakers should consider implementing “a smaller, more harmonized” portfolio of alternative payment models (APMs). That’s according to the Medicare Payment Advisory Commission (MedPAC), which released its regular June report to Congress on Tuesday. “In many cases, providers participate in multiple [alternative payment models] simultaneously, and Medicare beneficiaries are attributed to multiple models at the same time,” the report notes. “This overlapping participation can have unintended consequences.”
Pain Management, Surgical Centers & Facilities
Deal
Q2
2021
Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the acquisition of Summit Spine & Joint Centers (“Summit” or the “Company”) by MSouth Equity Partners (“MSouth”), an Atlanta-based private equity firm. Based in Lawrenceville, GA, Summit is an operator of ambulatory surgery centers and pain management clinics in the greater Atlanta area. Summit provides interventional pain management treatment to patients who suffer from chronic pain symptoms.
Behavioral Health
Deal
Q2
2021
MAP Health Management, LLC., the leading provider of virtual peer support services, is expanding its capabilities to virtual and in-person primary medical and behavioral healthcare with the acquisition of CARMAhealth (CARMA), a primary care and behavioral health management service organization. As a result of the acquisition, MAP will be able to leverage its peer-led support capabilities to facilitate an integrated continuum of medical services that include primary medicine, behavioral health and care management, designed to promote lasting recovery, encourage self-care, improve treatment outcomes and reduce health care costs.