• Health Catalyst Invests In healthfinch

    To kick off the third quarter, Health Catalyst has announced its second acquisition of 2020. On July 9, the company announced it acquired healthfinch, Inc. for roughly $40 million. healthfinch provides a workflow integration engine delivering insights and analytics into EMR workflows to automate physicians’ ability to close patient care gaps in... Read More »
  • Second Quarter Healthcare M&A Activity Drops

    The decline in second quarter healthcare M&A probably won’t surprise many of our readers. The second quarter was the first full quarter of healthcare M&A in the shadow of the COVID-19 pandemic, and deal making took a hit as a result, as shown in results from our DSO database. Compared with Q1:20, Q2:20 dropped 20%, with 322 transactions... Read More »
  • Sanofi Inks New Licensing Deal

    Just weeks following its agreement with Translate Bio (NASDAQ: TBIO) for COVID-19 vaccine development, Sanofi (NYSE: SNY) has a new agreement with Kymera Therapeutics Inc. Sanofi and Kymera are signing a multi-program collaboration to develop and commercialize first-in-class protein degrader therapies targeting IRAK4 in patients with... Read More »
  • Summit BHC Expands Into West Virginia

    Private equity-backed Summit BHC has announced a new acquisition in West Virginia. The behavioral health treatment company added Highland Hospital to its network for an undisclosed sum. Meridian Behavioral Health Systems, LLC is selling Highland Hospital, an inpatient psychiatric facility (131 beds) with 24 beds dedicated to psychiatric... Read More »
  • Health Care M&A Deals, July 10, 2020

    The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our Deal Search Online database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. The largest deal of the week based on... Read More »
Corizon Health Acquired by Global Investment Firm

Corizon Health Acquired by Global Investment Firm

A leading provider of correctional healthcare services is now under new management. Flacks Group, a privately held global investment firm, announced on June 30 it was acquiring Corizon Health Inc. for an undisclosed amount.   Corizon Health has provided evidence-based healthcare services to states and municipalities across the country for more than 40 years. Corizon offers comprehensive solutions for medical care, behavioral care, pharmaceutical, and re-entry services. Corizon Health’s PharmaCorr is the only in-house pharmacy in the corrections industry. The company employs over 5,000 staff, including doctors, nurses, and other healthcare professionals.  The acquisition accelerates Flacks... Read More »
REIT Deals are Still Closing Despite COVID-19

REIT Deals are Still Closing Despite COVID-19

Despite COVID-19 taking a hit on REIT stocks and earnings, especially in the senior care industry, some buyers managed to close deals in May, primarily for medical office buildings. This might come as a surprise since physician practices are getting hit especially hard by COVID-19, so these deals may have been in the works before the pandemic crashed into the economy, or real estate values are running cheap. Just this week, Anchor Health Properties, a full-service real estate development, management, and investment company focused on healthcare property, announced its purchase of the Walther Professional Center, an 18,471-square-foot medical office building located close to Northside... Read More »
Parthenon Capital Sponsors RxSense

Parthenon Capital Sponsors RxSense

Parthenon Capital added to its growing list of healthcare companies with its recent “significant” investment in RxSense, a healthcare technology company offering prescription savings plans to consumers and pharmacy benefit services and analytics to enterprise customers. Proceeds from the transaction will be used for various growth initiatives. Terms of the investment were not disclosed. Boston-based RxSense and its direct-to-consumer division combine its proprietary technology platform with direct contracts with the nation’s largest pharmacies and extensive consumer engagement tools, to deliver low prices on prescription drugs. Its consumer prescription savings plans deliver... Read More »
Mushroom Company Buys Ketamine Clinic

Mushroom Company Buys Ketamine Clinic

This could be the start of something psychedelic. Vancouver-based Champignon Brands Inc. (CSE: SHRM/OTCQB: SHRMF), a medicinal mushroom researcher, made its first acquisition in mid-May. As part of its plan to open five new U.S. healthcare clinics in 2020, the company bought Ketamine Wellness Clinic of Orange County in a cash-and-share deal. The clinic provides ketamine infusion services and is located on the Mission Hospital campus in Laguna Beach, California. Ketamine therapy is used to induce and maintain anesthesia, but “has emerged as a promising treatment option for many chronic diseases, such as depression, anxiety, post-traumatic stress disorder (PTSD), fibromyalgia and... Read More »
Adventist Invests in Blue Zones

Adventist Invests in Blue Zones

Adventist Health has acquired Blue Zones, a community-based population health management company that employs a systemic and environmental approach to improving the health of entire cities and communities. The organization’s work in more than 50 communities across America has been credited with double-digit drops in obesity, smoking and Body Mass Index, achieving millions of dollars of savings in healthcare costs. With the new coronavirus pandemic, the deal highlights the attention now focused on health care (or lack of it) in whole communities. The target, based in Minneapolis, Minnesota, infuses healthy choices, enhances connections, instills purpose and fuels hope to impact... Read More »
Centric Buys Specialty Pharmacy Network

Centric Buys Specialty Pharmacy Network

Centric Health Corporation (TSE: CHH) is on its way to becoming the largest specialty pharmacy company serving seniors in Canada, thanks to its recently announced acquisition of Remedy Holdings Inc. The price is approximately US$27.2 million. This is the second deal in March 2020 targeting special services for seniors. Early in the month, NaviHealth acquired Innovative Healthcare Delivery IHD delivers a high-touch, patient-centric and non-clinical approach that is paired with proprietary workflow and patient engagement technology to help seniors to better understand and participate in their care plans.   In February, Guardian Pharmacy Services added to its Florida holdings with... Read More »