by Avery Swett | May 2, 2023 9:58 am | Biotechnology
Astellas Pharma announced that it has entered into a definitive agreement to acquire Iveric Bio for $40 per share in cash, for a total equity value of approximately $5.9 billion. The acquisition is expected to be completed in the third quarter of 2023. Under the terms... Read More »
by Avery Swett | May 2, 2023 9:57 am | Medical Office Buildings, Other Services
Pinehurst Medical Clinic purchased a medical office building (MOB) in Sanford, North Carolina for $1.895 million, according to a deed filed on April 21. The transaction expands Pinehurst Medical Clinic’s presence in Sanford, North Carolina. Nichole Etowski,... Read More »
by Avery Swett | Apr 28, 2023 9:55 am | Laboratories, MRI & Dialysis
Quest Diagnostics and Haystack Oncology announced on April 27 a definitive agreement for Quest to acquire Haystack in an all-cash equity transaction. Quest expects the acquisition to be modestly dilutive to earnings over the next three years and accretive by 2026. The... Read More »
by Avery Swett | Apr 27, 2023 12:59 pm | Healthcare Market Updates, Hospitals
HCA Healthcare Inc (NYSE: HCA), a for-profit healthcare provider based in Nashville, Tennessee, reported $4.93 earnings per share for the quarter, beating the consensus estimate of $3.99 by a whopping $0.94. This increase is largely due to HCA Healthcare’s revenue... Read More »
by Avery Swett | Apr 27, 2023 11:25 am | Medical Devices
Illinois-based Northgate Technologies Inc. has announced its acquisition of Allotrope Medical to further its goal in optimizing the surgical environment for minimally invasive surgery. According to data captured in the LevinPro HC database, this acquisition represents... Read More »