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Syneos Health to be Acquired by a Private Investment Consortium In $7.1 Billion Deal
Syneos Health is being acquired by a consortium of private investment firm affiliates composed of Elliott Investment Management, Patient Square Capital and Veritas Capital. Completion of the transaction is expected in the second half of 2023. The consortium of private investment firm affiliates is acquiring Syneos for $43.00 per share in cash in a transaction valued at approximately $7.1 billion, including outstanding debt. The purchase price represents a 24% premium to Syneos Health’s unaffected closing stock price on February 13, 2023. Upon completion of the transaction, Syneos Health will become a private company and shares of Syneos Health Class A common stock will no longer trade on... Read More »
Jackson Healthcare Acquires Staffing Provider LRS Healthcare
Jackson Healthcare announced on May 9 its acquisition of Omaha, Nebraska-based LRS Healthcare. Bridgepoint Investment Banking served as advisor to LRS Healthcare on the business combination. LRS Healthcare is a provider of medical staffing that connects nursing and allied healthcare professionals to facilities nationwide. Jackson Healthcare is a group of healthcare staffing, search and technology companies. Backed by more than 2,000 associates and more than 15,000 clinician providers, Jackson Healthcare is one of the largest U.S. healthcare staffing companies with more than $2 billion in annual revenue. The company has helped healthcare facilities across the country serve more than... Read More »
Montecito Medical Acquires Medical Office Portfolio in Indiana
Montecito Medical has completed the acquisition of a five-building medical portfolio in Elkhart, Indiana, marking its 16th deal of 2023. The buildings, which represent approximately 124,000 square feet, are 100% occupied by the Elkhart Clinic. With eight locations and 35 physicians on staff, the Elkhart Clinic is the area’s dominant family medicine practice. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5 billion in medical real estate. Fairfield Advisors advised the seller and worked closely with Montecito to complete the transaction. The transaction builds... Read More »
CVS Health Pauses M&A Strategy to Focus on Integration
After spending $8 billion to acquire healthcare service provider Signify Health and $10.6 billion for primary care provider Oak Street Health, retail giant CVS Health Corp. seems to be winding down its M&A strategy. CEO Karen Lynch told investors on May 3rd that CVS would pause its recent acquisition spree as it focuses on integrating its recent purchases. CVS will integrate Signify and Oak Street with its other businesses in the near term. Longer term, Lynch said, the company might look at additional opportunities in technology for home or health services. Lynch also said there’s an opportunity to “connect the dots” among itself and the two... Read More »
Headlands Research Acquires Clinvest Research
Headlands Research, a portfolio company of KKR, announced on May 4 that it entered into an agreement to acquire Clinvest Research. According to data captured in the LevinPro HC database, this acquisition marks the 10th clinical trials transaction of the year. Founded in 1996, Clinvest Research has conducted more than 600 trials for chronic diseases and conditions such as headaches/migraines, arthritis and chronic pain and diabetes, as well as weight loss. Headlands is a globally integrated clinical trial site organization. The company has successfully completed more than 5,000 clinical trials. It was founded in 2018 and has 15 offices across the United States. The acquisition of... Read More »Schedule a demo
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