Orthofix Medical Inc. (NASDAQ: OFIX), a global medical device company focused on musculoskeletal healing products, extended its product line with a deal for the Fitbone limb lengthening system. Privately held Wittenstein SE, based in Igersheim, Germany, will get $18 million in cash and a manufacturing supply contract. The Fitbone intramedullary lengthening system is designed to […]
Guardian Pharmacy of Jacksonville, a locally owned member of Atlanta-based Guardian Pharmacy Services, has acquired the long-term care division of Atkinson’s Pharmacy, which offers compound and specialty pharmacy services for the long-term care industry, including an electronic medical records system for clients. Terms of the deal were not disclosed. Guardian Pharmacy Services is one of […]
HCR ManorCare, the second largest skilled nursing operator in the United States, has sold Heartland Rehabilitation and MileStone Staffing Services to Grant Avenue Capital, a healthcare-focused private equity firm in New York. Terms of the deal were not disclosed. HCR went through a Chapter 11 bankruptcy restructuring in 2018 and was purchased for a total […]
Western Maryland Health System (WMHS) has officially joined Pittsburgh-based UPMC. Western Maryland operates the Western Maryland Regional Medical Center (200 licensed beds) and serves the residents of Cumberland, Maryland and surrounding counties in Maryland, Pennsylvania and West Virginia. The deal culminates a relationship between the organizations that began in 2018 with a clinical affiliation. In […]
Every year, starting in November, the crystal balls come out and the prognostications begin. What will the new year bring? Who or what will make out better and who or what will not? We talked with Gary Herschman, a member of Epstein Becker Green’s Healthcare and Life Sciences practice, about the healthcare sectors he and […]
The Greater New York Hospital Association (GNYHA) announced last week it sold Acurity, Inc., a regional group purchasing organization (GPO) to Premier Inc. (NASDAQ: PINC). The deal also included Nexera, a hospital financial improvement consulting firm. Premier spent $291.5 million for both businesses, comprised of approximately $166.1 million in cash at closing and an additional […]
The Health Care M&A Weekly chart is a selection of transactions announced during the prior week(s). The deals presented here are from our Deal Search Online database, which is updated every business day. Visit www.dealsearchonline.com to see how Deal Search Online can help you stay up-to-date on the healthcare market overall, or in a particular sector of interest to […]
For the past two years, the volume of healthcare deals has soared to new heights. Much of the growth has been powered by financial buyers, private equity firms in particular, piling into the healthcare services sectors. In 2018, a new record for annual deal volume was hit, now standing at 1,917. The services sectors accounted […]
The eHealth sector had a record 2019, with 222 deals now on the books, a roughly 9% increase over 2018’s volume, and $18.3 billion in spending. That momentum has carried over to the first month of 2020, with 19 eHealth deals in January and $1.8 billion in announced spending, according to our Deal Search Online […]
It’s a new year, a new decade, and not much has changed in healthcare mergers and acquisitions. January was a strong month for deal flow, which isn’t unusual because deals that didn’t close in December often spill over into the following month, which just happens to launch a new fiscal cycle, for many entities. January […]
