Great Point Partners Sells Softbox Systems to CSafe Global

Great Point Partners (“GPP”), a Greenwich-based private investment firm focused exclusively on the health care industry, announced today that it has sold Softbox Systems (“Softbox” or the “Company”), to CSafe Global, a portfolio company of Frazier Healthcare Partners and Thomas H. Lee Partners. Softbox, based in Long Crendon, U.K., is a leading global innovator and provider of passive temperature-controlled packaging solutions for the pharmaceutical, life science, cold chain and third-party logistics industries. The critical importance of temperature-controlled packaging was highlighted over the last two years due to the temperature-controlled packaging requirements of mRNA COVID-19 vaccines. Softbox was and continues to be Pfizer’s primary supplier for COVID-19 vaccine temperature-controlled shipping needs.

HCI Equity Partners-Backed SDS Rx Acquires Mission Critical Delivery Solutions

SDS Rx, backed by HCI Equity Partners, announced Wednesday it acquired Mission Critical Delivery Solutions, headquartered in Bangor, Maine, on December 1, 2021. SDS Rx is a supply chain solutions provider focused on the last mile healthcare market, specializing in the movement of pharmaceuticals from post-acute care pharmacies to patients as well as the transportation of radiopharmaceuticals. Mission Critical is the second add-on acquisition since HCI’s platform investment.

Andlauer Healthcare Group Announces Closing of Acquisitions of 100% of Boyle Transportation and Remaining 51% of Skelton USA

Andlauer Healthcare Group Inc. (TSX: AND) (“AHG” or the “Company”) announced Thursday that it has closed its previously announced acquisitions (the “Acquisitions”) of 100% of T.F. Boyle Transportation, Inc. (“Boyle Transportation”) and 51% of Skelton USA Inc. (“Skelton USA”), increasing AHG’s aggregate ownership of Skelton USA to 100%. Boyle Transportation provides specialized transportation services to clients in the life sciences and government/defense sectors and Skelton USA specializes in the transportation of refrigerated healthcare products. Boyle Transportation and Skelton USA will join AHG’s comprehensive platform of dedicated healthcare supply chain solutions and will continue to be led by their respective executive leadership teams.

Lyft & Uber’s Newest Focus: Trying to Solve a Huge Problem in Healthcare

Once celebrated for their ingenuity in disrupting the public transportation industry, Uber and Lyft have simultaneously been working on something else: expanding their reach into the multi-trillion dollar healthcare market. Both Lyft and Uber have been diversifying their healthcare related offerings in unique and creative ways. Most notably, both companies pledged their support towards vaccine access during the height of the Covid-19 pandemic. One of the key recognized impediments in healthcare is access to care. Often, when this issue is discussed, it devolves into a conversation regarding how communities don’t have enough physicians or healthcare services, how there simply isn’t an easy way for people to get the care they need, etc. While these are incredibly important topics, another critical issue rarely gets spoken about: the actual logistics of accessing care.

Andlauer Healthcare Group Announces Agreements to Acquire 100% of Boyle Transportation and Remaining 51% of Skelton USA

Andlauer Healthcare Group Inc. (TSX: AND) (“AHG” or the “Company”) announced that it has entered into definitive agreements to acquire 100% of T.F. Boyle Transportation, Inc. (“Boyle Transportation”) and 51% of Skelton USA Inc. (“Skelton USA”), increasing AHG’s aggregate ownership of Skelton USA to 100%. Boyle Transportation provides specialized transportation services to clients in the life sciences (approximately 75% of revenue) and government/defense sectors (approximately 25% of revenue). Skelton USA was launched in 2017 and has been growing rapidly through successfully leveraging its reputation and brand for cold chain expertise.

Blade Air Mobility Completes Acquisition of Trinity Air Medical, Inc.

Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”), a technology-powered global air mobility platform, today announced the completion of the previously announced transaction to acquire Trinity Air Medical, Inc. (“Trinity”), a nationwide, multi-modal organ logistics and transportation company. Blade has purchased 100% of the capital stock of Trinity—which generated revenues of approximately $16 million in calendar year 2020—for an upfront purchase price of approximately $23 million and potential additional contingent consideration based on the achievement by Trinity of certain EBITDA growth targets over a three-year period, subject to customary purchase price adjustments.

Roambee Acquires Swiss-Based Modum to Dominate the Pharma Cold Chain Monitoring Market

Roambee, the Silicon Valley-headquartered global supply chain visibility provider announces its second acquisition, Modum, a European pharma last mile-focused cold chain monitoring player based in Zurich, Switzerland. This acquisition will enable Roambee to expand its cold chain visibility offering from end to end, covering primary, secondary, and the last mile delivery use-cases to firm up its leadership position for real-time cold chain monitoring solutions.

HealthEx Corporation Acquired by Associated Courier, Inc. and SLS Group

Bruderman Brothers, LLC (“Bruderman Brothers”), is pleased to announce the successful sale of HealthEx Corporation (“HealthEx”) to Associated Courier, Inc. (“ACI”). Founded in 1999, and headquartered in Roslyn, NY, HealthEx is a unique provider of final-mile transportation and logistics services, dedicated exclusively to the healthcare community. The Company’s services include the transportation and delivery of pharmaceuticals, radiopharmaceuticals, and laboratory specimens to a diverse customer base across the healthcare ecosystem, including institutional pharmacies, long-term care facilities, laboratories, and hospital systems.