BD Enters New Pharmacy Automation Solutions Market With Parata Systems Acquisition
On June 6, Becton, Dickinson and Company (BD), a leading global medical technology company, entered into a definitive agreement to acquire Parata Systems, an innovative provider of pharmacy automation solutions, for $1.53 billion from leading private equity firm Frazier Healthcare Partners. The transaction will be complementary to BD’s solutions in medication management with a new set of technologies across the care continuum, including acute care health systems, retail pharmacies, long-term care and home settings. Ropes & Gray LLP advised Becton, Dickinson and Company in the acquisition. Parata provides BD access to a new $600 million pharmacy automation market segment that is... Read More »
Planet DDS Announces Significant Investment from Aquiline Capital Partners
On June 1, Planet DDS, a leading provider of cloud-based software solutions for dental practices in North America, announced a definitive agreement to be recapitalized by New York-based private equity firm Aquiline Capital Partners LLC. In conjunction with Aquiline’s investment, Level Equity Management, LLC, a New York-based private investment firm, will invest additional capital. The investments from Aquiline and Level Equity will be used to accelerate the company’s growth plans. SVB Securities acted as exclusive financial advisor to Planet DDS and Level Equity Management. Goodwin Procter LLP acted as legal advisor to Planet DDS and Level Equity Management, and Ropes &... Read More »
OncoHealth Secures Strategic Investment from Arsenal Capital Partners & McKesson Corporation
OncoHealth, the leading digital health company dedicated to oncology, announced on Monday it has received strategic investments from Arsenal Capital Partners, a private equity firm specializing in building transformational healthcare businesses, and from McKesson Corporation. The investments will support OncoHealth’s innovation and delivery of its oncology-specific digital health solutions for people with cancer, and Arsenal will take a majority ownership stake in the business. Financial terms were not disclosed. OncoHealth helps health plans, employers, providers, patients and life science researchers navigate the physical, mental and financial complexities of cancer through... Read More »
Florida Revenue Cycle Management Company Billed Right Acquires Ruffe Systems
On April 26, Billed Right, a nationwide revenue cycle management (RCM) company headquartered in Longwood, Florida, announced the acquisition of Ruffe Systems, Inc. (RSI) Ruffe Systems is a Miami, Florida-based medical billing company founded in 1982 that specializes in medical billing services for hospital-based physician groups such as pathology and radiology. Financial terms of the transaction were not disclosed. Founded in 2006, Billed Right provides leading and innovative expertise in RCM solutions and operational management for healthcare organizations of all specialties. This deal will complement the experience Billed Right gained over the last 16 years in the medical billing... Read More »
GoodRx Completes Acquisition of vitaCare for $150 Million
GoodRx, a leading consumer-focused digital healthcare platform, announced the completion of its previously announced acquisition of vitaCare Prescription Services from TherapeuticsMD for $150 million in cash, with an additional $7 million of consideration contingent payment upon vitaCare’s financial performance through 2023. VitaCare Prescription Services is a technology and services platform that helps patients navigate key access and adherence barriers for brand medications. Specifically, vitaCare helps patients understand coverage and identify available savings opportunities, and facilitates communications between providers and payors. The platform also offers a seamless path for... Read More »Schedule a demo
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