Pharos Capital Group Invests in Renal Care 360°
Pharos Capital Group, LLC, a middle-market private equity firm based in Dallas and Nashville, announced on September 12 a significant investment in Renal Care 360°, a nephrology practice and chronic care management company founded by renal care entrepreneur Joe Cashia. The size and terms of the transaction were not disclosed. This marks the fourth investment from Pharos’ latest flagship fund, Pharos Capital Partners IV, L.P. Pharos’ investment, along with additional equity investment from Renal Care 360°’s founding shareholders, will be used to support continued growth of the company’s RC360° Connected Care Program, geographic expansion through acquisitions and the... Read More »
Quidel Corporation Signs Definitive Agreement to Acquire Ortho Clinical Diagnostics
On December 23, Quidel Corporation and Ortho Clinical Diagnostics Holdings plc announced that they have entered into a definitive agreement in which Quidel will acquire Ortho, one of the world’s largest in vitro diagnostics companies. The transaction, which is subject to approval by both companies’ shareholders as well as customary closing conditions and regulatory approvals, is expected to close in the first half of 2022. Quidel will acquire Ortho for $24.68 per share of common stock, for a total consideration of approximately $6.0 billion, including $1.75 billion of cash, funded through cash on the balance sheet and incremental borrowings. The combined company will also acquire Ortho’s... Read More »
DispatchHealth Buys Dynamic Mobile Imaging
On December 14, DispatchHealth announced that it has acquired Dynamic Mobile Imaging (DMI), a 24-hour mobile x-ray and ultrasound company servicing all of Virginia, Maryland and the Washington D.C. area. The financial terms of the transaction were not disclosed. DispatchHealth provides on-demand acute care and an advanced level of medical care for people of all ages in the comfort of their own homes. The company works closely with payers, providers, health systems, EMS, employer groups and others to deliver care in the home to reduce unnecessary emergency room visits, hospital stays and readmissions. Originally launched as an in-home care urgent care startup, DispatchHealth sees mobile... Read More »
Akumin Buys Alliance Healthcare Services
The diagnostic imaging provider Akumin Inc. (NASDAQ: AKU) has announced a definitive agreement to acquire Alliance Healthcare Services for approximately $820 million. Alliance HealthCare Services provides outsourced advanced radiology and radiation therapy services across 45 states in the U.S. Alliance partners with more than 1,000 hospitals, health systems and physician practices. It was owned by Tahoe Investment Group. Upon closing of the transaction, the combined company will offer the most comprehensive radiology and oncology solutions to patients in the U.S., operating in 46 states, with more than 1,000 hospital and health system customers, 154 independent outpatient radiology... Read More »