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Merck to Buy Terns Pharmaceuticals for $6.7 Billion
Merck & Co., Inc., known as MSD outside the United States and Canada, will acquire Terns Pharmaceuticals Inc. for $53.00 per share in cash for an approximate equity value of $6.7 billion. Terns Pharmaceuticals Inc. is a clinical-stage oncology company based in San Mateo, California. Terns’ lead program, TERN-701, is a highly selective, oral, allosteric BCR:ABL1 inhibitor with a potentially best-in-disease profile that could meaningfully improve upon the efficacy, safety and convenience of existing treatments for chronic myeloid leukemia. Merck is an American multinational pharmaceutical company headquartered in Rahway, New Jersey. Merck is focused on the discovery, development,... Read More »
Smile Partners USA Acquires Atlanta Endodontics
On March 24, Smile Partners USA announced that it was expanding its presence in Georgia with the acquisition of Atlanta Endodontics. Atlanta Endodontics, based out of one Atlanta, Georgia location, provides the full scope of endodontic services. It has three doctors on staff: Dr. Slosberg, Dr. Kanter and Dr. Cohen. Smile Partners USA is a management support organization backed by Silver Oak Services Partners. The company offers back-office resources and services to premier, independent private dental practices and boutique group practices throughout Michigan, Georgia, Illinois and Alabama. The financial terms were not disclosed. This... Read More »
SG Property Services Acquires Jacksonville, Florida Property
SG Property Services, based in Atlanta, Georgia, reported its second acquisition of the year with the purchase of Fleming Island Medical Plaza. The financial terms were not disclosed. Fleming Island Medical Plaza is a two-facility medical outpatient building (MOB) portfolio based in Jacksonville, Florida. The MOB comprises 82,790 square feet. Built in 2010 and 95% occupied, it offers a strong mix of primary care, orthopedics, imaging and women’s health providers. SG Property Services is a vertically-integrated real estate firm. The company was founded in 2010 and focuses on healthcare-oriented real estate and professional office development... Read More »
AngelEye Health Buys SupportSpot Platform from Child Life On Call
AngelEye Health announced on March 25 the acquisition of the SupportSpot platform from Austin, Texas-based Child Life On Call. The SupportSpot platform was developed by Child Life On Call, a digital platform dedicated to child life–informed psychosocial support and procedural preparation resources for pediatric patients and their families. AngelEye Health is a leading provider of tele-engagement solutions for hospital neonatal and pediatric units. AngelEye Health was founded by clinicians with the support of the University of Arkansas for Medical Sciences BioVentures. With this acquisition, AngelEye will expand its digital education offerings across both inpatient and post-discharge... Read More »
Vitality Global Acquires Ramp Health
Vitality Global will be acquiring Ramp Health for an undisclosed price, according to a March 25 press release. Ramp Health is a comprehensive, full-service risk mitigation provider that partners with employers, government agencies and insurers to improve employee health and safety, increase engagement and reduce healthcare and workers’ compensation costs. By combining a personalized digital platform with integrated onsite and virtual coaching and clinical services, Ramp delivers a holistic, end-to-end solution that differentiates it from traditional occupational health and digital-only vendors. Vitality Global is a health and wellness company active in 41 markets. More than 52 million... Read More »
Greenhouse Medical Plaza in Houston, TX Sold
According to a March 24 press release, Edloe Realty has acquired Greenhouse Medical Plaza in Houston, Texas. Greenhouse Medical Plaza is a 116,869-square-foot medical outpatient building (MOB). Constructed in 2014, the MOB is currently 57% leased to an attractive mix of healthcare tenants, with a recently completed two-operating room, ground-floor surgery center focused on robotic spine and joint surgery. Additional medical and healthcare use within the building include imaging/MRI, orthopedics and pain, pediatrics, dermatology and ophthalmology, as well as a specialized clinical learning and simulation nursing center for Western Governors University. Edloe Realty is associated... Read More »
Gilead Sciences to Buy Ouro Medicines for $1.68 Billion Upfront
Gilead Sciences has plans to acquire Ouro Medicines based in South San Francisco, California. The transaction, which was announced on March 24, includes an upfront payment of approximately $1.68 billion, along with up to $500 million in milestone-based payments linked to development and regulatory progress. Ouro Medicines is a privately held biotechnology company. Ouro’s lead investigational antibody therapy, OM336, is currently in early-stage development for autoimmune conditions, including hemolytic anemia and Sjogren’s disease. Gilead Sciences is a research-based biopharmaceutical company that discovers, develops and commercializes medicines in areas... Read More »
The Money Always Wins: A Healthcare Webinar Wrap Up
Last week, Ben Swett, Managing Editor of The SeniorCare Investor, was joined by John Tiedmann, Managing Director at Physician Growth Partners, Bill Hoffman, Shareholder at Polsinelli and Matt Bogle, Managing Director at Intrinsic, to discuss the trends facing the healthcare industry. Based on data in the LevinPro HC database, the conversation covered a wide range of topics, from the post-2022 decline in deal volume to the specific specialties currently attracting the most investor interest. Although 2025’s deal total in the healthcare services sectors (1,793) marks a steady climb from 2024 (1,676), it still trails the heightened activity seen in 2022 (2,028) and 2021 (1,880). The panel... Read More »
