Navis Clinical Laboratories Acquires the Clinical Laboratory Business of Cordant Health Solutions

Navis Clinical Laboratories Acquires the Clinical Laboratory Business of Cordant Health Solutions

Navis Clinical Laboratories announced on March 7 that it acquired the clinical laboratory business of Corden Health Solutions. Oakworth Capital Bank acted as servicer and sole agent for a senior secured credit facility for Navis Clinical Laboratories. The financial terms of the acquisition were not disclosed. Cordant Health Solutions provides tools for monitoring patients and clients in behavioral health, chronic pain and criminal justice programs. The laboratory business, which conducts drug, urine, hair and blood testing, is being sold. It is based in Denver. Navis Clinical Laboratories, headquartered in Franklin, Tennessee, provides innovative solutions tailored for healthcare providers... Read More »
Navis Clinical Laboratories Acquires the Clinical Laboratory Business of Cordant Health Solutions

DMS Health Technologies Purchases Advanced Imaging Management

DMS Health Technologies announced on March 8 that it acquired League City, Texas-based Advanced Imaging Management (AIM). The combined company’s fleet includes a collection of mobile MRI, CT and nuclear medicine systems deployed throughout North America. The financial terms of the deal were not disclosed. AIM is veteran-owned and certified by the Veterans Administration. In 2013, AIM was the federal government’s largest diagnostic imaging provider. It has a full range of MRI, CT, PETCT, ultrasound, C-ARM, nuclear medicine, digital mammography, CR, DR, bone density and portable x-ray equipment.  DMS Health Technologies owns and operates a full line of mobile MRI, CT, Cath Lab, PET/CT... Read More »
Spectrum Solutions Acquires Alimetrix, Inc. and Microarrays, Inc.

Spectrum Solutions Acquires Alimetrix, Inc. and Microarrays, Inc.

Spectrum Solutions, backed by private equity firm DW Healthcare Partners, announced on March 7 its acquisitions of Alimetrix, Inc. and Microarrays, Inc., both of which are based in Huntsville, Alabama. These assets, combined with Spectrum Solutions core competencies of providing industry leading contract manufacturing services and unique biospecimen collection devices, results in a portfolio of products and services that accelerates Spectrum’s go-to-market strategies and enhances the overall patient testing experience whether in a clinical setting or at home. Terms of the deal were not disclosed. Alimetrix, Inc. is a CLIA and CAP accredited molecular diagnostic laboratory skilled at custom... Read More »
The Transcripts: Takeaways from CVS, Teladoc, and DaVita Earnings

The Transcripts: Takeaways from CVS, Teladoc, and DaVita Earnings

In our first earnings roundup, we looked at the fourth-quarter and full-year 2022 financial performance of three major publicly traded companies in the managed care market. They achieved positive operating and financial results for 2022, with some even surpassing their expectations for the year. To read more about earnings results in the managed care market, you can read that spotlight on the LevinPro HC platform here. This week, we’re looking at companies in other healthcare verticals, including retail, dialysis and eHealth. CVS Health Corporation, Teladoc Health, Inc. and DaVita Inc are all prominent in their respective fields, and their financial performance can reveal much about the... Read More »
Spectrum Solutions Acquires Alimetrix, Inc. and Microarrays, Inc.

Clarapath Acquires Medical AI Software Company Crosscope

Clarapath announced on February 27 its acquisition of Mountain View, California-based Crosscope. The acquisition combines Clarapath’s SectionStar with Crosscope’s workflow and computational pathology tools enabling labs to deliver care faster, more cost effectively and at a higher quality. Terms of the deal were not disclosed. Crosscope (abbreviated for “Computational Microscope”) is a digital pathology company with a turnkey imaging solution providing best-in-class workflow tools and slide management along with artificial intelligence and machine learning technology to assist pathologists with faster decision-making. Clarapath is a medical robotics company aimed at... Read More »
Modular Devices Partners With Interim Diagnostic Imaging

Modular Devices Partners With Interim Diagnostic Imaging

Modular Devices, a portfolio company of private equity firm O2 Investment Partners, announced on February 16 that it has partnered with Interim Diagnostic Imaging. The addition of Interim Diagnostic Imaging significantly increases Modular Devices’ fleet while providing diversification and improving product offerings. The combined company will offer customers a full range of medical imaging labs including catheterization, cleanroom, PET/CT, MRI and CT. Terms of the deal were not disclosed. Interim Diagnostic Imaging is a provider of mobile CT and MRI medical imaging labs in the U.S. and Canada. The company was founded in 2003 and is headquartered in Plymouth, Minnesota. Founded in 1987,... Read More »