Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40

Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
A Resilient Industry: M&A Trends in Specialty Pharmacy

A Resilient Industry: M&A Trends in Specialty Pharmacy

by | Nov 29, 2022 9:24 am | Other Services, Specialty Pharmacies

Significant changes have swept the specialty pharmacy market over the past several years. It was once a niche in the pharmacy industry but has grown significantly in market size. According to a report by Axtria, specialty drug spending is growing and constituted about 46% ($222.9 billion) of all prescription drugs in 2019, compared with 34.9% ($132 billion) in 2014. These numbers make sense with the tailwinds that pushed the industry, such as an aging population in the U.S. creating a greater need for medications that treat chronic and complex diseases.  Most of the changes in the market have come from M&A activity. Consolidation has swept the industry, with a few players controlling... Read More »
Excelsior Capital Acquires Chattanooga MOB

Excelsior Capital Acquires Chattanooga MOB

by | Nov 23, 2022 2:05 pm | Medical Office Buildings, Other Services, Private Equity

Nashville-based private equity firm Excelsior Capital has purchased a 17,837-square-foot medical office building (MOB) in Chattanooga, Tennessee for $7.4 million, or approximately $415 per square foot. The MOB was built in 2014 and houses the Center MedSpa on the first floor and the Center for Integrative Medicine on the second floor. The property is at 100% occupancy and the 1.2-acre site includes both on-street and off-street parking. Excelsior Capital is a real estate private equity firm based in Nashville, Tennessee. Excelsior Capital typically targets stable assets, typically in the $8 million to $20 million range, in healthy submarkets that have a strong history of occupancy. ... Read More »
Millstone Medical Outsourcing Acquires MycoScience

Millstone Medical Outsourcing Acquires MycoScience

by | Nov 22, 2022 12:11 pm | CDMO, Other Services

Millstone Medical Outsourcing has acquired MycoScience. Headquartered in Willington, Connecticut, MycoScience has more than 30 years of expertise in medical device and pharmaceutical laboratory testing, environmental testing and related regulatory support services. Fall River, Massachusetts-based Millstone Medical Outsourcing is a provider of customized outsourcing solutions to the medical device industry with a client roster of global original equipment manufacturers and emerging-growth companies. Millstone was acquired by private equity firm Arlington Capital Partners in January 2022. MycoScience’s leadership team will remain at the helm. Terms of the deal were not disclosed. According... Read More »
Millstone Medical Outsourcing Acquires MycoScience

ARCH Medical Acquires Alpha Manufacturing & Design

by | Nov 22, 2022 11:02 am | CDMO, Other Services, Private Equity

ARCH Medical Solutions, a platform company of middle-market private equity firm The Jordan Company, announced on November 21 its acquisition of Alpha Manufacturing & Design. The acquisition adds to the depth and breadth of the ARCH Medical portfolio of precision-manufacturing solutions. Terms of the deal were not disclosed. Alpha Manufacturing & Design is a precision contract manufacturer for the orthopedic industry, specializing in highly engineered and complex surgical devices for spine, trauma, large joint and dental applications. ARCH Medical Solutions is a consolidated contract manufacturer for orthopedic and dental implants and instruments, as well as components and... Read More »
Uniphar Acquires BModesto Group

Uniphar Acquires BModesto Group

by | Nov 21, 2022 12:51 pm | Other Services

Uniphar PLC (LON: UPR) announced its acquisition of BModesto Group on November 21 for nearly $52.3 million.  Founded in 2014, BModesto Group is a Dutch healthcare services firm. It offers a range of services, including the distribution of medicines, clinical trial services, market authorization holder services and medical device distribution. In 2021, it reported $7,890,498 in revenue (€7.7 million). Uniphar is a pharmaceutical manufacturing and healthcare services organization with offices in Ireland, England and the U.S. The company was founded in 1967 and is based in Dublin, Ireland. In 2021, Uniphar generated revenue of $1,946,977,500 (€1.9 billion), gross profit of $281,287,012... Read More »
Reverie Mind Acquires Arizona Ketamine Treatment and Research Institute

Reverie Mind Acquires Arizona Ketamine Treatment and Research Institute

by | Nov 18, 2022 3:22 pm | Other Services

Reverie Mind has acquired the Arizona Ketamine Treatment and Research Institute. Located in the Arizona State University Research Park in Tempe, Arizona, Ketamine Treatment and Research Institute (AKTARI) provides ketamine treatment for depression, bipolar disorder, OCD, anxiety, PTSD, panic disorder, alcohol abuse and opiate addiction. Reverie Mind, also based in Tempe, Arizona, is a psychedelic clinic and research organization for mental wellness services and coordinated clinical trials. Reverie’s clinics are designed to provide qualified individuals access to plant-based therapies, special access programs, traditional therapy options and clinical trials focused on psychedelic... Read More »