RQM+ Acquires Germany-Based CRO Kottmann
RQM+ announced on August 28 its acquisition of CRO Kottmann for an undisclosed price. According to data captured in the LevinPro HC database, this transaction marks the 25th contract research organization (CRO) acquisition of 2023. CRO Kottmann is an international CRO based in Germany. The company conducts clinical studies with medical devices, in vitro diagnostics and pharmaceuticals. In addition to full service, CRO Kottmann also offers individual services such as the creation of databases, statistical evaluations and clinical monitoring for studies. RQM+ provides regulatory and quality solutions that accelerate the success of medical device companies. The company also... Read More »
Q2:23 Thematic Earnings Roundup
This earnings season has provided us with insights into how various publicly traded healthcare companies are navigating the current landscape. Let’s delve into the trends and outcomes that defined the second quarter of 2023. The Home Health & Hospice Market: The Erosion of Medicare Fee-For-Service The Home Health & Hospice (HH&H) market has been volatile of late, with companies like Amedisys Inc. (NASDAQ: AMED) reporting a significant shortfall in earnings and a decline in revenue compared to the same period last year. Amedisys reported a financial loss in the second quarter of $80.3 million, after reporting a profit in the same 2022 period. A significant portion of this... Read More »
Travel Nurse Across America Acquires Stogo
Travel Nurse Across America (TNAA) announced on August 24 the acquisition of Stogo, a health system shift and float pool management platform based in San Antonio, Texas. According to data captured from the LevinPro HC database, this acquisition represents the 21st healthcare staffing transaction of 2023. The mobile app-based Stogo platform enables healthcare providers to fill critical staffing gaps with their internal employees or with local, Stogo-employed clinicians in their community. According to the original press release, clinicians will fill more than 100,000 shifts this year through Stogo’s mobile staffing marketplace. TNAA is a staffing agency that places travel nurse... Read More »
Shuman Development Group Acquires Reading, PA Medical Office Buildings
Shuman Development Group announced its acquisition of two medical office buildings (MOBs) Pennsylvania from Penn State Health. The Penn State Health St. Joseph downtown properties in Reading, Pennsylvania are located at 604 Walnut Street and 145 North 6th Street. Haven Behavioral Hospital of Eastern Pennsylvania, an acute care behavioral health hospital, is housed on the third floor of the North 6th Street property. Shuman Development Group is a Reading, Pennsylvania-based real estate developer. Following the sale, which is expected to close in October 2023, Penn State Health will become a tenant in the buildings. Terms were not disclosed. According to data captured... Read More »
Vesey Street Capital Partners Sells Portfolio Company QualityMetric
Vesey Street Capital Partners (VSCP) announced last week that it completed the full sale of its portfolio company, QualityMetric. Founded in 1997, QualityMetric combines its proprietary scientifically validated general health and disease-specific surveys with its technology, advanced analytics and sector expertise to work with all the world’s largest pharmaceutical companies in clinical trials and patient surveillance. VSCP is a strategic private equity manager founded in 2014 that focuses on healthcare services. Since its inception, the firm has consummated 39 transactions across 9 platform businesses and has deployed approximately $600 million in capital. VSCP had... Read More »Schedule a demo
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