Ginkgo Bioworks Makes 3 Acquisitions
Last week, Ginkgo Bioworks, a Boston-based Biotechnology company, announced that it completed three transactions. The first transaction is the acquistion of Patch Biosciences. Patch Biosciences has developed an artificial intelligence platform for sequence design that could create more effective, specific and durable genetic medicines. The company was backed by venture and investment firms Andreessen Horowitz, Casdin Capital and S32. The second acquisition is of Reverie Labs. Headquartered in Cambridge, Massachusetts, Reverie Labs is a cancer therapeutics biotechnology company that built and used artificial intelligence (AI) and machine learning tools to accelerate drug... Read More »
RadNet Acquires 7 Imaging Centers from Houston Medical Imaging
RadNet, Inc. announced that it has acquired seven imaging centers in the Houston, Texas MSA from Houston Medical Imaging (HMI). This acquisition marks RadNet’s entry into the Houston area and is anticipated to close during Q2 2024. HMI is a radiologist-owned and operated diagnostic imaging clinic offering a full array of diagnostic and therapeutic imaging services to the Houston MSA since its inception in 1998. RadNet, Inc. is a provider of freestanding, fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States. RadNet has a network of 366 owned and/or operated outpatient imaging centers.... Read More »
Oncology Powerhouse Guardant Health Sees Stock Drop on Earnings Report
Guardant Health, a precision oncology company focused on helping conquer cancer globally, came out with its fourth quarter and full year 2023 results late last week. The Palo Alto, California-based company has topped consensus revenue estimates four times over the last four quarters. The company announced a 25% surge in revenue last year, from about $450 million in FY 2022 to $564 million in FY 2023. Its fourth-quarter revenues rose 22% year over year, driven by a 29% boost in clinical test volume during the same period. Notably, the company’s core liquid biopsy and tissue tests, Guardant360 and Guardant TissueNext, have solidified its presence across nearly all major insurers in the... Read More »
Premier Radiology Services Acquires NationalRad
Premier Radiology Services announced that it is acquiring Specialists in Diagnostic Imaging, LLC, doing business as NationalRad, a leading provider of subspecialty teleradiology services. Financial terms of the transaction were not disclosed. Founded in 1999, NationalRad provides diagnostic services for outpatient imaging centers, orthopedic practices, university healthcare systems and professional sports teams. Founded in 2006, Premier Radiology Services is one of the top independent teleradiology solutions in the United States. Premier provides reliable and accurate interpretations of medical images to patients in 48 states through its technology-enabled platform. With a... Read More »
HealthEdge Investment Partners, LLC invests in Rad Source, LLC
HealthEdge Investment Partners, LLC announced that it has made a majority investment into Rad Source, LLC for an undisclosed price. Rad Source was founded in 1997 for the purpose of creating non-gamma irradiation alternatives. Rad Source is one of the nation’s largest providers of subspecialty orthopedic and neurological MRI interpretations. It is also a provider of a leading medical imaging technology solution, ProtonPACS, which it launched in 2012 through a partnership with Intelerad. HealthEdge Investment Partners is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. The company is based in Tampa,... Read More »Schedule a demo
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