Avid Bioservices to be Acquired by PE Firms in $1.1 Billion Transaction
Avid Bioservices, Inc., GHO Capital Partners LLP and Ampersand Capital Partners announced that they have entered into a definitive merger agreement for Avid to be acquired by funds managed by GHO and Ampersand in an all-cash transaction valued at approximately $1.1 billion. The transaction is expected to close in the first quarter of 2025. Avid Bioservices is a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing its services to biotechnology and pharmaceutical companies. According to its most recent annual report, Avid Bioservices’ revenue during the fiscal year (FY) ended April 30, 2023 was $149.3 million, and... Read More »
PE-Backed Choice Health at Home Bolsters Oklahoma Footprint With Accentra Home Health and Hospice
Private equity-backed Choice Health at Home announced that it is acquiring the Oklahoma City-based Accentra Home Health and Hospice. Accentra Home Health and Hospice is dedicated to providing home health and hospice services to patients across Oklahoma. Accenture’s growing network can admit patients in the cities and towns surrounding Oklahoma City, Tulsa, Kingfisher, Henryetta, Norman, Duncan, Chickasha and Enid. Choice Health at Home, a portfolio company of Coltala Holdings and backed by Trive Capital, was founded in 2008 as a rehabilitation service provider, entered home health in late 2012 and launched its hospice segment in 2018. The company provides a broad spectrum of... Read More »
Cencora Picks Up Texas-Based MSO Platform Retina Consultants of America
Cencora, Inc. announced on November 6 that it has entered into a definitive agreement to acquire Retina Consultants of America (RCA) from Webster Equity Partners. Cencora will acquire RCA for approximately $4.6 billion in cash, subject to a customary working capital and net debt adjustment. RCA is a new specialty platform created by the acquisition and merger of Retina Consultants of Houston, Retina Group of Florida, Long Island Vitreoretinal Consultants and Retinal Consultants (Northern California). RCA is a Southlake, Texas-based management services organization (MSO) of retina specialists. Cencora, formerly known as AmerisourceBergen, is an American drug wholesale company and a contract... Read More »
Elevate Patient Financial Buys RCM Provider NYX Health Eligibility Services
Elevate Patient Financial Solutions announced on November 5 the acquisition of NYX Health Eligibility Services for an undisclosed price. NYX Health Eligibility Services provides revenue cycle management (RCM) solutions focused on Medicaid eligibility verification and enrollment on behalf of hospitals and health systems. NYX Health Eligibility Services was founded in 2023 and is based in Alpharetta, Georgia. Elevate Patient Financial Solutions delivers RCM solutions to hospitals, health systems and health providers nationwide. ElevatePFS is backed by private equity firms Frazier Healthcare Partners and The Edgewater Funds. This acquisition strengthens Elevate’s current eligibility and... Read More »
The Current State of the Healthcare Investment Market: Insights from the McGuireWoods Healthcare Finance and Growth Conference
McGuireWoods’ 17th Annual Healthcare Finance and Growth Conference brought together more than 200 healthcare leaders to explore the latest developments and challenges shaping the industry in 2024 and beyond. Through a combination of in-depth panels and engaging networking sessions, attendees had the opportunity to connect with industry peers and gain insights into emerging trends and sectors, from the future of telehealth to the evolving role of value-based care in driving healthcare outcomes. With 15 panels and 57 speakers, the conference covered a wide array of topics, offering actionable strategies for navigating the current and evolving healthcare investment market landscape. On day... Read More »Schedule a demo
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