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Private Equity Drives 35% of Healthcare M&A Activity During Q3 2024
Private equity (PE) mergers and acquisitions (M&A) in the healthcare market remained robust during Q3 2024, accounting for a significant portion of overall deal activity. Out of 453 deals during Q3 2024 (as of September 23, 2024), 158 involved PE acquirers and/or their portfolio companies, accounting for 35% of the total deals. This is consistent with the same 2023 period (July 1, 2023 – September 23, 2023), when 162 of 483 deals (34%) involved PE acquirers. However, it shows a slight decline from the same 2022 period (July 1, 2022 – September 23, 2022), when 222 of 575 deals (about 39%) involved PE acquirers. This trend highlights the continued interest and investment from... Read More »
Align ENT + Allergy Acquires Mid-Michigan ENT
Align ENT + Allergy, a portfolio company of Zenyth Partners, announced that it acquired Mid-Michigan ENT. Mid-Michigan ENT has one location in East Lansing, Michigan. According to its website, there are five physicians on staff. Align ENT + Allergy is a management services organization (MSO) supporting a community of physician-led ear, nose & throat (ENT) and allergy practices. Align provides non-clinical support services to private practices through a true partnership model, whereby partners gain the advantages of a professionalized MSO while retaining local control so that they can focus on providing care within their communities. Align will continue to grow... Read More »
Imagen Dental Partners Acquires the Practice of Dr. Mark Weems
Imagen Dental Partners, based in Scottsdale, Arizona, announced that it acquired the practice of Dr. Mark Weems, which is based in Ada, Oklahoma. According to the website, Dr. Weems is supported by a team of eight employees. Imagen Dental Partners is a dental partnership organization founded in 2020 that joins with dental practices, invests in them and supports their growth. Imagen Dental Partners supports practices in California, Arizona, Texas, Minnesota, Florida, Georgia, South Carolina, Tennessee, Kentucky, Illinois, Indiana, Ohio, Michigan, Oregon and Wisconsin. This transaction marks Imagen Dental Partners’ 14th acquisition of 2024, and its first in Oklahoma for the... Read More »
Guided Practice Solutions Acquires 100th Location
On September 18, Guided Practice Solutions (GPS Dental) announced that it acquired its 100th practice location with the purchase of Taylor Street Dental. According to data captured in the LevinPro HC database, this acquisition represents the 364th Physician Medical Group transaction of the year, and the 192nd in the dental specialty. Taylor Street Dental is located in one office in Springfield, Massachusetts. According to its website, there are four physicians on staff. GPS Dental is a dental service organization founded in 2015 by Dr. Hunter Smith and Dr. William Little. It received a strategic investment by Main Post Partners in 2021. Dr. Hunter Smith, CEO and Co-Founder of... Read More »
Stryker Completes Sixth Deal of 2024
Stryker has made its sixth deal announcement of the year with the completion of its acquisition of NICO Corporation in Indianapolis, Indiana. This acquisition further strengthens Stryker’s commitment to neurotechnology through tumor and stroke care. Financial terms of the deal were not disclosed. NICO Corporation is a privately held company that provides a systematic approach to minimally invasive surgery for tumors and intracerebral hemorrhage procedures. Stryker develops, manufactures and markets specialty surgical and medical products. These include orthopedic implants, powered surgical instruments, endoscopic systems and patient care and handling equipment. Stryker impacts more... Read More »
Cardinal Health to Acquire Integrated Oncology Network for More Than $1.1 Billion
On September 20, Cardinal Health announced that it entered into a definitive agreement to acquire Nashville, Tennessee-based Integrated Oncology Network (ION) for more than $1.1 billion in cash. ION is a physician-led independent community oncology network that partners directly with physicians, hospitals and other healthcare providers to offer the latest services and technologies to patients. Founded in 2008, ION has grown to more than 50 centers nationwide, providing a complete and integrated continuum of care including diagnostic testing, radiation oncology, medical oncology, urology and other ancillary services. Cardinal Health is an American multinational healthcare services company,... Read More »
Flourish Research Receives Strategic Majority Investment from Genstar Capital
Flourish Research has announced a strategic majority investment from San Francisco, California-based Genstar Capital. Based in New York City, Flourish Research is a fully integrated clinical trial organization in North America. The company has sites throughout Alabama, California, Florida, Illinois, North Carolina, Pennsylvania and Texas. Flourish’s network of 24 sites and 150 investigators conducts studies spanning all phases of clinical trial research. Flourish Research was formed in 2021 by New York-based private equity firm NMS Capital. Genstar Capital is a private equity investment firm that makes leveraged investments in middle-market companies. Genstar has approximately $49... Read More »
RxLive Becomes Wholly Owned Subsidiary of Competitor Scriptology
Tech-enabled medication management company Scriptology announced that it has acquired its competitor, RxLive. RxLive is a concierge telehealth pharmacy service that connects patients with expert pharmacists in a secure, private and personal way. RxLive began in 2017, and over the last seven years, it has made significant investments to build out its technology platform, artificial intelligence and analytics. RxLive sells its medication management platform to other healthcare organizations. Scriptology is an Atlanta, Georgia-based provider of medication management services intended for improving patient outcomes and lowering the total cost of care. Scriptology is a pre-series A... Read More »
SubjectWell Buys Digital Patient Recruitment Provider Trials24
SubjectWell has announced its acquisition of Trials24, a provider of global digital patient recruitment solutions. This marks SubjectWell’s first acquisition announcement since it was acquired by New York-based private equity firm WindRose Health Investors in April 2024. Trials24 is a patient recruitment provider that assists biopharmaceutical companies and contract research organizations in completing clinical trials on time. It offers cutting-edge technology, digital marketing expertise, and an engagement center with local native-language representatives in more than 13 European countries. SubjectWell is a patient access marketplace that connects patients with chronic health conditions... Read More »Schedule a demo
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