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Private Equity M&A Activity in Healthcare Rises in Q2:24
Private equity (PE) investment has continued to play a substantial role in the healthcare M&A market. In the second quarter of 2024, there were 186 deals completed by PE companies or their sponsored companies (PE buyers, collectively), or approximately 38% of all the 496 announced healthcare deals, according to new data captured in the LevinPro HC database. This is a 24% increase from the first quarter of 2024 when 150 acquisitions from PE buyers were announced. Activity in Q2:24 represents a 17% decrease from Q2:23 when 224 PE buyer transactions were reported. In Q2:24, 10 transactions with a PE buyer had a disclosed price. The ten deals totaled more than $5.49 billion in announced... Read More »
ABA Connect Expands Its Reach With ABA Therapy of Houston Acquisition
ABA Connect announced on July 22 the successful acquisition of ABA Therapy of Houston (ATH). ATH provides applied behavior analysis (ABA) therapy, ABA afterschool program, speech therapy, occupational therapy and free autism screenings to children between the ages of 2-12. BrightPath Health Holdings, LLC, doing buisiness as ABA Connect, is a Texas-based provider of ABA therapy for children and adolescents with autism spectrum disorder. Since its founding in 2013, the company has expanded service offerings to six facilities across the Austin and Houston MSAs. The company is backed by Coral Gables, Florida-based private equity firm MBF Healthcare Partners II, L.P. ABA Connect was formed... Read More »
Agilent to Acquire North American CDMO BIOVECTRA
Agilent Technologies Inc. announced that it has signed a definitive agreement to acquire BIOVECTRA, a specialized contract development and manufacturing organization (CDMO), for $925 million. BIOVECTRA produces biologics, highly potent active pharmaceutical ingredients and other molecules for targeted therapeutics. BIOVECTRA delivered $113 million in revenue during 2023 and expects double-digit revenue growth in 2024, according to a July 22 press release on BusinessWire. Agilent provides bio-analytical solutions and services to the life sciences, diagnostics and genomics, chemical analysis, communications and electronics industries worldwide. Its global headquarters is in Santa Clara,... Read More »
Blue Sea Capital-Backed Apex Physics Partners Acquires RPS Oncology
Apex Physics Partners (APP), the largest outsourced medical physics services company in North America, announced its acquisition of RPS Oncology. The addition of RPS Oncology expands APP’s national footprint. RPS Oncology is a provider of therapy medical physics and dosimetry consulting services in Minnesota and North Dakota. Over the last year, the company has expanded its footprint into Wisconsin and California. APP is a medical physics business services support organization. Partner physics practices receive an array of support services including client services, information technology and data analytics. APP is backed by Blue Sea Capital, a West Palm Beach-based private equity... Read More »
Provident Healthcare Partners Advises Quest Health Solutions in Partnership
Provident Healthcare Partners, a Boston, Massachusetts-based healthcare investment banking firm, announced on July 18 that it had advised Quest Health Solutions in its partnership with Sumitomo Corporation of Americas (SCOA). Quest Health Solutions was founded in 2017 to provide medical supplies to patients with chronic illnesses. The company is headquartered in Coral Springs, Florida, and is a leading provider of continuous glucose monitors (CGM), remote patient monitoring (RPM) services and other medical supplies to diabetic patients. Established in 1952 and headquartered in New York City, SCOA has nine offices in major U.S. cities. SCOA is the largest subsidiary of Sumitomo Corporation,... Read More »
Agenda Health Advises Angel Senior Home Care on Sale – A Look Behind the Deal
Agenda Health, a healthcare-focused M&A advisory firm based in Austin, Texas, played a key role in the recent acquisition of Angel Senior Home Care, a Virginia-based home health provider, by an undisclosed buyer. The deal marks a strategic move for the buyer, enabling it to expand its footprint into Virginia, a new state for its operations. Agenda Health’s involvement began by initiating contact with Angel Senior Home Care. Ryan Lafferty, an M&A advisor at Agenda Health, shared insights into the deal process. “I connected with the sellers last summer and went through a process of helping them figure out their value and connect with buyers. It took about a year to... Read More »
Healthcare M&A Volume Drops in Q2:24, According to Acquisition Data from LevinPro HC
Healthcare merger and acquisition activity slightly decreased in the second quarter of 2024, with 496 deals announced, according to new acquisition data from LevinPro HC. Activity in the Q2:24 was 2% lower than in the first quarter, when 506 transactions were announced. However, it is a drop of 18% compared with activity in the second quarter of 2023, when 604 deals were announced. Activity in sectors such as Physician Medical Groups and Other Services drove much of the volume, with 124 and 135 deals, respectively. Demand for healthcare real estate, such as medical outpatient buildings and properties, has driven high deal volume in the Other Services for the past several years. Activity in... Read More »
Braff Group Advises on Sale of Two Companies in Northern Virginia
The Braff Group, a Pittsburgh, Pennsylvania-based M&A advisory firm specializing exclusively in health care services, announced the completion of an acquisition of Community Concepts Inc. and Community Visions LLC by Beacon Specialized Living. Both companies run residential and day support programs in Northern Virginia. Community Concepts provides residential, in-home and day support services to persons with Intellectual/developmental disabilities (I/DDs) in the Northern Virginia area. Founded in 2008, Community Visions provides services, education and advocacy to ensure that people with disabilities direct their own lives. Beacon Specialized Living, a portfolio company of Pharos... Read More »
Atlantic Health Creates Joint Venture With Premier Health Associates, LLC
On July 15 Atlantic Health System (AHS) announced that it was acquiring Premier Health Associates, LLC to create a joint venture. Premier Health Associates, LLC is a multi-specialty physician group, focused on primary-care delivery across 16 locations in Sussex, Warren and Morris Counties in New Jersey and Pike County, Pennsylvania. Premier Health provides care in the following specialties: gastroenterology, orthopedics/sports medicine, endocrinology, pulmonology, rheumatology, general/colorectal surgery, interventional pain management, chiropractic medicine, acupuncture and imaging. According to its website, it has 36 providers on staff. AHS is one of the largest non-profit... Read More »Schedule a demo
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