CDMOs Kindeva Drug Delivery & Meridian Medical Technologies to Merge

CDMOs Kindeva Drug Delivery & Meridian Medical Technologies to Merge

Kindeva Drug Delivery, a Woodbury, Minnesota-based medical manufacturer, is merging with Meridian Medical Technologies, a maker of auto-injector pens and similar devices based in St. Louis, Missouri. Kindeva and Meridian will continue to operate independently until closing. The combined company will have a substantial breadth of drug delivery capabilities, with expertise and technology spanning the parenteral, inhalation, transdermal and intradermal routes of administration. Milton Boyer, CEO of Meridian, will be CEO of the newly combined company. Financial terms of the deal were not disclosed. Kindeva Drug Delivery is a contract development manufacturing organization (CDMO) for... Read More »
Our Lady of the Lake Regional Medical Center Sells Baton Rouge, Louisiana Surgery Center

Our Lady of the Lake Regional Medical Center Sells Baton Rouge, Louisiana Surgery Center

Baton Rouge, Louisiana-based Our Lady of the Lake Regional Medical Center sold its ambulatory surgery center (ASC) in the same city for $8.95 million. The Lake Surgery Center was sold to Perkins Plaza Development, represented by orthopedic surgeon Larry “Chip” Bankston, MD. According to the LevinPro HC database, this marks the 27th ASC acquisition of 2022. Established in 2002, Lake Surgery Center is a 23,000-square-foot facility. The surgery center is co-owned by Our Lady of the Lake Regional Medical Center and Dr. Bankston’s practice, Baton Rouge Orthopaedic Clinic. In addition to Dr. Bankston, other officers for Perkins Plaza Development include Our Lady of the Lake... Read More »
TripSitter Clinic Acquires Reconscious Medical

TripSitter Clinic Acquires Reconscious Medical

TripSitter Clinic Ltd announced on November 11 the closing of its acquisition of assets of Insight Systems, PBC, doing business as Reconscious Medical. The deal was originally announced on March 22, 2022. The assets of Reconscious Medical will be instrumental in the future growth plans of the TripSitter Clinic. Reconscious Medical will be integrating their technology platform created specific to virtual psychedelic psychotherapy with TripSitter Clinic’s telehealth delivery system. Terms of the deal were not disclosed. Reconscious Medical is a psychedelic psychotherapy company engaging in both in-clinic and online virtual care with safety, monitoring and support provided through a... Read More »
Des Moines, Iowa Medical Office Building Sold

Des Moines, Iowa Medical Office Building Sold

Fairfield Advisors announced that it facilitates the sale of a 17,000-square-foot medical office building in Des Moines, Iowa. The buyer in the transaction was not disclosed. The purchase price is $4.35 million, or $255 per square foot. The building, built in 2009, is anchored by MercyOne, one of the largest hospital systems in Iowa. MercyOne provides a range of services including pediatric urgent care and imaging. This is the fourth transaction Fairfield Advisors has worked on this year. Read More »
Irwin Naturals Expands Its Foothold

Irwin Naturals Expands Its Foothold

Irwin Naturals Inc. (CSE: IWIN) announced, on November 9, that it acquired Tri-Cities Infusion and Wellness Clinic PLLC, marking Irwin’s seventh acquisition of 2022.  Founded in 2019 and located in Kennewick, Washington, Tri-Cities Infusion and Wellness Clinic offers ketamine infusion as well as nutrient IV infusions, aesthetic procedures and regenerative treatments such as platelet-rich plasma injections.  Founded in 1994, Irwin Naturals Inc. is a nutraceuticals (natural products and supplements) company with a portfolio of products available in more than 100,000 retail locations across North America. Its national chain of psychedelic mental health clinics is called Irwin... Read More »
Elevance Health Acquires Specialty Pharmacy BioPlus

Elevance Health Acquires Specialty Pharmacy BioPlus

Elevance Health acquired Altamonte Springs, Florida-based specialty pharmacy BioPlus from CarepathRx. Terms of the deal were not disclosed. BioPlus provides services for patients living with complex and chronic conditions, such as cancer, multiple sclerosis, Hepatitis C, autoimmune diseases and rheumatology. Indianapolis-based Elevance Health connects consumers, families and communities to the care, support and resources they need. Its companies serve more than 119 million people through a portfolio of medical, digital, pharmacy, behavioral, clinical and complex care solutions. According to the LevinPro HC database, this was the 23rd specialty pharmacy transaction of 2022. This compares... Read More »