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Walgreens & VillageMD Strike a $9 Billion Deal for CityMD

Walgreens & VillageMD Strike a $9 Billion Deal for CityMD

by | Nov 7, 2022 2:56 pm | Other Services

Walgreens has had a busy few years in the healthcare M&A space, but the pharmacy and retail giant isn’t slowing down. Today, Walgreens announced its subsidiary, VillageMD, has agreed to purchase Summit Health-CityMD in a transaction valued at $8.9 billion, including debt. Walgreens is investing $3.5 billion in the deal, with other investments coming from an affiliate of Evernorth, a subsidiary of Cigna Corporation, which will remain a minority owner in Summit Health-CityMD. VillageMD and Summit will have more than 680 provider locations in 26 markets. Summit Health and CityMD merged in August 2019, creating Summit Health-CityMD, a primary, specialty and urgent care provider.... Read More »
Specialty Networks acquires GI-Specific GPO Gastrologix

Specialty Networks acquires GI-Specific GPO Gastrologix

by | Nov 7, 2022 12:07 pm | Other Services, Physician Medical Groups, Private Equity

On Friday, Specialty Networks, LLC, a portfolio company of private equity firm Linden Capital Partners, announced the acquisition of Gastrologix, LLC, a GI-specific group purchasing organization (GPO) with more than 470 independent physician practice locations and 2,300 providers in its network. Terms of the deal were not disclosed. Haverford Healthcare Advisors served as M&A advisor, and Saxton & Stump served as legal advisor to Gastrologix. Katten Muchin Rosenman, LLC served as legal advisor to Specialty Networks. Specialty Networks, LLC is an integrated, multi-specialty platform with GPOs, life sciences and research solutions in gastroenterology, urology and rheumatology. The... Read More »
Big Sky Medical Acquires San Antonio, TX MOB from Mohr Capital

Big Sky Medical Acquires San Antonio, TX MOB from Mohr Capital

by | Nov 7, 2022 12:05 pm | Medical Office Buildings, Other Services

Cushman & Wakefield announced on November 7 that it had brokered the acquisition of a medical office building (MOB) in San Antonio, Texas by Big Sky Medical, a national real estate investment management firm. The building was purchased from Mohr Capital, which previously acquired the MOB in 2021. County records show a loan from BMO Harris Bank of about $192 million taken out by Big Sky related to the property. The deal’s terms were not disclosed. Alamo Quarry Center is a 99% leased office building in San Antonio, Texas with mainly medical tenants. The 38,370-square foot complex, located along Highway 281, was appraised this year by Bexar County at $12.3 million. Big Sky Medical... Read More »
Reaction Biology Acquires vivoPharm

Reaction Biology Acquires vivoPharm

by | Nov 7, 2022 11:44 am | CRO, Other Services

Malvern, Pennsylvania-based Reaction Biology has acquired Hummelstown, Pennsylvania-based vivoPharm LLC from Vyant Bio, Inc. Terms of the deal were not disclosed. Founded in 2001, Reaction Biology is a contract research organization that has provided drug discovery and development services to more than 1,800 biopharmaceutical customers worldwide. Reaction has laboratory facilities in Malvern and Hershey, Pennsylvania, and Freiburg, Germany, with approximately 170 employees. vivoPharm is a contract research organization that offers integrated preclinical services in different disease areas to the biotechnology and pharmaceutical industries. According to the LevinPro HC database, this was... Read More »
Clarest Health Acquires CSS Health, Integrity Pharmacy

Clarest Health Acquires CSS Health, Integrity Pharmacy

by | Nov 4, 2022 10:49 am | Other Services

Clarest Health has acquired CSS Health and Integrity Pharmacy. Terms of the deal were not disclosed. CSS Health brings a differentiated, end-to-end medication management platform that connects payers, patients and pharmacies to drive engagement and improve medication adherence. Springfield, Missouri-based Integrity Pharmacy provides a custom medication management system that improves adherence and drives better clinical outcomes. Vienna, Virginia-based Clarest Health provides solutions for personalized medication management. According to the LevinPro HC database, this was the 495th Other Services transaction of 2022. This compares with 374 Other Services deals recorded between January 1,... Read More »
WindRose Health Investors acquires Specialty Pharmacy Bank’s Apothecary

WindRose Health Investors acquires Specialty Pharmacy Bank’s Apothecary

by | Nov 4, 2022 10:09 am | Other Services, Private Equity, Specialty Pharmacies

WindRose Health Investors, LLC, a New York-based healthcare private equity firm, announced that it has completed the acquisition of Bank’s Apothecary. Bank’s Apothecary will merge with WindRose’s portfolio companies Terrapin Pharmacy and Ganse Apothecary, significantly expanding the footprint of WindRose’s behavioral health pharmacy platform. Terms of the transaction were not disclosed. Westcove Partners acted as financial advisor to Bank’s. Latham & Watkins LLP acted as legal advisor to WindRose, and Epstein, Becker & Green acted as legal advisor to Bank’s. Terms of the transaction were not disclosed. Bank’s Apothecary is an independent accredited... Read More »