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Hologic Completes Acquisition of Endomagnetics
Hologic, Inc. announced on July 25 that it completed its previously announced acquisition of Endomagnetics Ltd, a privately held UK-based developer of breast cancer surgery technologies, for approximately $310 million. Endomagnetics, also called Endomag, develops and sells breast surgery localization and lymphatic tracing technologies. The Cambridge, United Kingdom-based company was founded in 2007 and produces surgical guidance products that assist surgeons in locating and removing cancerous tumors, predominantly for breast cancer surgery. Its products include the Magseed® marker for magnetic tissue localization before surgery, the Magtrace® lymphatic tracing injectable for breast cancer... Read More »
Astrana Health Enters Definitive Agreement to Acquire Collaborative Health Systems
Astrana Health, Inc., together with its subsidiaries and affiliated entities, announced on July 25 that the company entered into a definitive agreement to acquire Collaborative Health Systems (CHS), a Centene Corporation company. CHS is a management services organization (MSO) that partners with independent primary care physicians as they move to value-based models. CHS serves more than 129,000 beneficiaries across 17 states. Astrana Health is a MSO comprised of healthcare professionals and more than 600 employees. Astrana provides comprehensive administrative support and various auxiliary services to provide the highest quality of care to patients. The acquisition facilitates the... Read More »
PE-Backed Behavioral Framework Acquires Behavior Consultation & Psychological Services
Behavioral Framework announced on July 24 that it has acquired Behavior Consultation & Psychological Services (BCPS) in Greenville, North Carolina. Founded in 2010, BCPS is a premier provider of clinic, home and school-based applied behavior analysis (ABA) therapy and autism diagnostic services for children in North Carolina. Behavioral Framework, backed by private equity firm Renovus Capital Partners, is a leading provider of ABA therapy in Maryland and Virginia. The company was founded in 2017 and is based in Rockville, Maryland. Together, Behavioral Framework and BCPS will provide individualized therapy and autism diagnostics to more than 1,000 families across Maryland, Virginia,... Read More »
PM Pediatric Care Acquires Florida Urgent Care Centers
PM Pediatric Care announced that it acquired 10 pediatric urgent care centers in Florida from Pediatrix Medical Group. The acquired assets include 10 urgent care locations in the Greater Orlando, Jacksonville, Melbourne and Port St. Lucie areas. The offices were formerly known as Night Lite Pediatrics prior to their 2022 acquisition by Pediatrix Medical Group. PM Pediatric Care is one of the largest pediatric urgent care providers for children and young adults in the United States. Staffed by teams experienced in caring for ill and injured children, including board-certified pediatric emergency physicians and pediatricians, PM’s urgent care sites offer pediatric imaging, lab testing... Read More »
Molina Healthcare to Acquire ConnectiCare
Molina Healthcare, Inc. announced on July 23 that it has entered into a definitive agreement to acquire ConnectiCare Holding Company, Inc., a wholly owned subsidiary of EmblemHealth, Inc. The purchase price for the transaction, which is expected to close in the first half of 2025, is $350 million. The acquisition represents a strong strategic fit for Molina, adding an established government business, recognized brand and a statewide provider network. ConnectiCare is a leading health plan in the state of Connecticut serving approximately 140,000 members across Marketplace, Medicare and certain commercial products as of June 30, 2024. Molina Healthcare, Inc., a Fortune 500 company, provides... Read More »
Munich, Germany-Based neurocare group Acquires Smart TMS
Munich, Germany-based neurocare group AG announced on July 22 the acquisition of Smart TMS in the United Kingdom. According to data captured in the LevinPro HC database, this acquisition represents the 40th Behavioral Health Care transaction of 2024, and the third transaction announced in the transcranial magnetic stimulations provider specialty. Smart TMS is the largest provider of transcranial magnetic stimulation (TMS) treatment in the United Kingdom. Smart TMS operates nine clinics across the United Kingdom and Ireland. Founded in 2015, Smart TMS was a pioneer in using TMS for treating conditions like obsessive-compulsive disorder, addiction and adolescent psychiatry. TMS, a... Read More »
Owens & Minor Acquires Rotech Healthcare for $1.36 Billion
On July 23, Owens & Minor, Inc. announced that it entered into an agreement to acquire Rotech Healthcare Holdings, Inc. for $1.36 billion in cash. Given anticipated tax benefits of approximately $40 million from the transaction, the net purchase price is approximately $1.32 billion, which represents approximately a 6.3x multiple of last 12 months EBITDA, excluding synergies. Rotech is one of the largest providers of home medical equipment and related products and services in the United States, with a comprehensive offering of oxygen, other respiratory therapy equipment, wound care equipment and supplies and diabetes devices and supplies. Rotech generated approximately $750... Read More »
Earnings Week in Review: Healthcare Giants Navigate Growth and Hurdles
We’re taking a look at some of the major companies reporting earnings in the week of July 15-July 19, across a variety of sectors. UnitedHealth Group and Novartis showcased strong growth, while Johnson & Johnson and Elevance Health presented more mixed results. Abbott Laboratories also reported solid results, driven by its medical devices segment, while facing challenges in its diagnostics business due to waning COVID-19 testing demand. This week’s earnings reports offer insights into the broader healthcare industry’s performance and future trajectory. UnitedHealth Group UnitedHealth Group (UHG) demonstrated a significant turnaround in its second quarter of 2024, posting a... Read More »
Specialized Dental Partners acquires Lowcountry Endodontics of Beaufort
Specialized Dental Partners (SDP) announced that it continued its acquisition streak with the purchase of Lowcountry Endodontics of Beaufort. Lowcountry Endodontics of Beaufort is run by Dr. Erich Heitman, the only provider on staff. Dr. Heitman provides endodontics care with an emphasis on digital and radiography dentistry. A portfolio company of private equity firm Quad-C Management, SDP is a leading specialty dental service organization that provides comprehensive support services to endodontic specialists across the United States. According to its website, SDP is based in more than 35 states and has partnered with more than 200 practices. This marks SDP’s 16th... Read More »Schedule a demo
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