Cerba HealthCare Acquires Canadian CRO Cirion BioPharma Research
Cerba HealthCare announced on September 7 that it has acquired Cirion BioPharma Research, a contract research organization (CRO) in Laval, Quebec. Cirion BioPharma Research is a Canadian contract research laboratory providing global central laboratory services for clinical studies and research and development services. Cerba Healthcare is a leader in clinical pathology specializing in local clinical pathology, specialized clinical pathology and central lab testing for clinical trials. Its shareholders include Partners Group and the Public Sector Pension Investment Boards. Cirion will rank under Cerba HealthCare’s business unit Cerba Research adding to its global network of... Read More »
HiRO Acquires U.S.-Based CRO Courante Oncology
Harvest Integrated Research Organization (HiRO) announced its acquisition of Courante Oncology, a full-service clinical research organization (CRO) based in Excelsior, Minnesota. According to data captured in the LevinPro HC database, this transaction represents the 26th CRO acquisition of the year. Courante Oncology provides clinical research consulting and services to pharmaceutical and medical device companies that are developing oncology products. HiRO is a CRO based in Shanghai, China. With global operations and integration capabilities, it provides a range of solutions and services to its clients, including early pre-clinical strategic planning, clinical trial design,... Read More »
Worsening Healthcare Workforce Shortage May Deepen
The severe shortage of healthcare professionals has been attributed to numerous factors. Job burnout, retirements and the impact of the COVID-19 pandemic are all well-known factors contributing to the crisis that is only expected to get worse. However, one factor has gotten virtually no attention: the certifications, qualifications and education needed for healthcare careers are not available for many due to a lack of instructors. Consider the situation at nursing schools. An American Association of Colleges of Nursing report revealed U.S. nursing schools turned away 91,938 qualified applicants for undergraduate and graduate nursing programs in 2021, primarily due to a lack of... Read More »
Healthcare Subsectors Drive Double-Digit M&A Decline in 2023
There is no shortage of subsectors contributing to the overall double-digit percentage decline in healthcare M&A activity in 2023. According to the LevinPro HC database, there have been 1,299 healthcare M&A deals this year through July 31. This represents an 12% drop compared with the 1,481 transactions recorded during the same period in 2022. The 2023 total represents a 5% increase from the 1,240 deals posted in 2021 through July 31. Some of the subsectors that have contributed to the M&A activity decline this year include Contract Development Manufacturing Organizations (CDMO), healthcare staffing firms, infusion services companies, primary & value-based care... Read More »
Montecito Medical Acquires Chapel Hill, NC MOB
Montecito Medical Real Estate announced on August 28 its acquisition of an 11,515-square-foot medical building in Chapel Hill, North Carolina for an undisclosed price. The two-story MOB is fully occupied and tenanted to the UNC Physicians Network, part of UNC Health, which uses the property as an internal medicine clinic. UNC Health is one of the nation’s leading academic healthcare systems, with more than 33,000 employees providing care to patients in all of North Carolina’s 100 counties through its 11 hospitals and hundreds of clinical practices. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions... Read More »Schedule a demo
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