Top 5 Home Health & Hospice Deals of 2024
The Home Health & Hospice (HH&H) market has experienced a significant number of tailwinds in the past few years, such as aging demographics, a focus on expanding more cost-effective care settings, and favorable reimbursement trends. This environment has kept the HH&H healthy, often hovering around 100 per deals annually. Based on preliminary results, there were 92 transactions announced in the HH&H in 2024, compared with 99 in 2023 and 114 in 2022. As we close out the year, we wanted to provide the top five HH&H deals of 2024. Owens & Minor, Inc., a healthcare supply chain management company, acquired Rotech Healthcare for $1.36 billion, or 1.8x Rotech’s... Read More »
Immedica Acquires Marinus Pharmaceuticals for $151 Million
On December 30, Immedica Pharma announced that it acquired Marinus Pharmaceuticals, Inc. for approximately $151 million. Immedica will acquire all the outstanding shares of Marinus common stock for a cash purchase price of $0.55 per share, representing a premium of 48% based on Marinus’ closing share price as of December 27th and a premium of 97%, based on the 30-day volume-weighted average price of $0.28 per share preceding the announcement of the transaction. Marinus is a commercial-stage pharmaceutical company dedicated to the development of innovative therapeutics for seizure disorders. The Company’s product, ZTALMY® (ganaxolone) oral suspension CV, is an... Read More »
Guided Practice Solutions Acquires Five Dental Practices
On December 24, Guided Practice Solutions (GPS Dental) announced that it completed the acquisition of five dental practices. Operating in Pasco and Kennewick, Washington, Mid-Columbia Dental is run by four providers. Pinnacle Peak Family Dentistry is a dental practice with one location in Scottsdale, Arizona. According to its website, there are three doctors on staff. Based in Scottsdale, Arizona, AZ Sleep and TMJ Solutions is run by one physician: Dr. Sara Vizcarra. Prosthodontics of New York is a dental practice in New York. Nothing else was disclosed. Timber Dental operates six locations in the Portland, Oregon MSA. According to its website, there are 17 providers on... Read More »
Colliers U.S. Healthcare Capital Markets Advises on Decatur, GA Transaction
On December 30, Colliers’ U.S. Healthcare Capital Markets team announced that it advised on a medical outpatient building (MOB) acquisition by an undisclosed buyer. Decatur Medical Plaza is a boutique urban MOB based in Decatur, Georgia. It is a 42,921 square foot MOB that is fully leased to an impressive roster of tenants including investment grade health system, Emory Healthcare (Moody’s: Aa2), and multiple private equity owned physician groups. Decatur Medical Plaza is strategically located less than two miles from both Emory Decatur Hospital and the flagship Emory University Hospital. The MOB features prominent visibility within vibrant Downtown... Read More »
Top Five Private Equity Transactions of 2024
Private equity (PE) groups have experienced a decline in deal activity throughout 2024. There have been 664 deals completed by a PE (PE) firm and/or a portfolio company. This accounts for nearly 34% of the 1,943 healthcare transactions announced since January 1, 2024. This is a decrease from 2023 when PE transactions accounted for more than 35% of healthcare acquisitions (774 out of 2,199). In 2024, the sector that experienced the most PE investment was Physician Medical Group with 270 transactions. Here are five of the top PE transactions of 2024 KKR & Co. and Verital Capital acquire Cotiviti On February 14, KKR & Co. L.P. and Veritas Capital announced that... Read More »
Top 5 Physician Medical Group Deals of 2024
The Physician Medical Group (PMG) market experienced a decline in deal activity, totaling 455 transactions, compared to the 537 in 2023, and the 622 in 2022. The transactions varied in size and buyer time, with many of them small or independent practices getting purchased by large private equity groups. Dental was the most active specialty with 238 transactions reported since the start of 2024. Here are the top five PMG transactions of the year. Mission Cancer + Blood Purchased by University of Iowa Health Care On October 7, Mission Cancer + Blood was acquired by the University of Iowa Health Care (UIHC) for $280 million. Mission Cancer + Blood will continue... Read More »
Top 5 U.S. Hospital Deals of 2024
Hospital M&A activity has remained stable in the past few years, and based on preliminary results for 2024, it seems like the market kept the same pace. With only a couple of days before Christmas, there have been 67 Hospital deals announced, a marginal difference from the 75 announced in 2023 and 68 in 2022. Much of the activity has been driven by divestment from health systems, such as Tenet Healthcare, or from the bankruptcy proceedings of Steward Health Care. However, there was still a mix of health system mergers, community hospitals seeking larger partners, and deals in the international market. We plan to dig through the numbers and details in our upcoming Health Care Services... Read More »
Colliers’ U.S. Healthcare Capital Markets Advises on Athens, GA Transaction
Colliers’ U.S. Healthcare Capital Markets team announced that it advised on a medical outpatient building (MOB) acquisition by an undisclosed buyer. The property is a 36,678-square-foot MOB located in Athens, Georgia. The four-story facility is master-leased by Piedmont Healthcare on a long-term triple-net lease. The recently renovated MOB is adjacent to the 427-bed Piedmont Athens Regional Medical Center and serves in direct partnership with the neighboring hospital to deliver medical training and outpatient care to the surrounding community through the Piedmont Graduate Medical Education and Clay Community Care Clinic. The transaction closed on December 19, 2024. The... Read More »
Together Women’s Health Acquires Advanced Gynecology
On December 17, Together Women’s Health (TWH) announced that it acquired Advanced Gynecology, a Georgia-based urogynecology practice. Advanced Gynecology operates three locations in Georgia: Watkinsville, Atlanta and Roswell. According to its website, the practice has four providers, one physician assistant and two family nurse practitioners on staff. TWH is a management services organization (MSO) backed by Shore Capital Partners. The MSO supports its affiliated practices and physician partners with strategic guidance, administrative resources (including revenue cycle management, marketing, human resources, finance, accounting and IT), operational expertise and capital. Currently,... Read More »Schedule a demo
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