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Notable eHealth M&A Activity of 2024, So Far
The eHealth sector has witnessed a flurry of high-stakes M&A activity in 2024, with billion-dollar deals dominating the headlines. While the overall eHealth deal volume has dipped by 18% compared to the same period last year (155 deals versus 187 announced between January 1, 2023, and August 26, 2023), the sector has still attracted substantial investment, with announced spending reaching more than $17 billion year to date. The recent decline in deal volume follows a peak in 2021 (366 deals), and significant deal activity in 2022 (325 deals) and 2023 (274 deals), reflecting a shift from the rapid expansion during the early pandemic years to a more stabilized and strategically focused... Read More »
McKesson Acquires CORE Ventures for $2.49 Billion
McKesson Corporation, based in Irving, Texas, announced that it entered into an agreement to acquire Community Oncology Revitalization Enterprise Ventures, LLC (Core Ventures) for $2.49 billion, representing approximately 70% ownership. Core Ventures is a management services organization. It was established by Florida Cancer Specialists & Research Institute, LLC (FCS), a leading physician-owned community oncology practice. FCS is an oncology practice with more than 250 physicians and 280 advanced practice providers, across nearly 100 locations in Florida. McKesson Corporation distributes pharmaceuticals and provides health information technology, medical supplies and care... Read More »
Behind the Deal: PGP Advises On CVAUSA Acquisition
Physician Growth Partners (PGP), a physician-focused advisory firm based in Chicago, Illinois, recently played a major role in the acquisition of two physicians by Cardiovascular Associates of America (CVAUSA). The two physicians, Drs. Ken Zelnick and Kathir Subramanian, offer high-quality cardiology services out of Fort Lauderdale, Florida. Along with two other unnamed providers, Drs. Zelnick and Subramanian deliver comprehensive diagnostic, medical and procedural services. CVAUSA, formed by Waltham, Massachusetts-based private equity firm Webster Equity Partners in 2021, is a physician management services organization. Through CVAUSA’s physician-centered... Read More »
Walz Kraft Acquires Two-Property Women’s Healthcare Portfolio in Atlanta Area
Chicago-based Walz Kraft, formerly known as Walz Capital, has announced its acquisition of a medical outpatient portfolio in the Atlanta MSA for an undisclosed price. The acquired assets include two medical outpatient buildings, totaling 9,800 square feet. The properties are fully occupied by The Women’s Center, PC, who has been serving the Atlanta area since 2003. The properties are located in Stockbridge and Conyers, Georgia. Both locations offer a full range of women’s health services including ultrasound, urology, hormone replacement therapy, comprehensive exams, osteoporosis screening, gynecology, infertility and more. Walz Kraft is a Chicago-based real estate investment firm that... Read More »
Rafael Holdings Merges With Cyclo Therapeutics
Rafael Holdings, Inc. and Cyclo Therapeutics, Inc. announced that they have entered into a definitive merger agreement to combine the two companies to focus on the development of Trappsol® Cyclo™ for the treatment of Niemann-Pick Disease Type C1. The companies are building on a year-long history of strategic collaboration and investment. The merger involves Rafael Holdings issuing Class B common stock to Cyclo Therapeutics shareholders, valuing Cyclo shares at $0.95 each. In addition, the cash value will take into account the funding of Cyclo’s operations by Rafael with convertible notes through closing. Cyclo Therapeutics is a clinical-stage biotechnology company that focuses on the use... Read More »
Paragonix Technologies Signs Definitive Agreement to be Acquired by Getinge
On August 22, Paragonix Technologies announced that it entered into a definitive agreement to be acquired by Getinge for an undisclosed price. Paragonix Technologies, headquartered in Waltham, Massachusetts, is a developer and manufacturer in the organ transplant industry. In March 2023, Paragonix partnered with Signet Healthcare Partners, a New York-based private equity firm, to support the company’s growth and strategic objectives. Founded in Sweden in 1904, Getinge is a global medical technology company that provides hospitals and life science institutions with products and solutions aiming to improve clinical results and optimize workflows. Getinge employs approximately 12,000 people... Read More »
Arsenal Capital Partners to Acquire Knowtion Health
Arsenal Capital Partners, a New York-based private equity firm, announced it has signed a definitive agreement to acquire Knowtion Health. Sunstone Partners, the current majority owner of Knowtion, will maintain a significant strategic co-investment in the company. Knowtion Health (formerly known as RSource Healthcare) is a Boca Raton, Florida-based provider of revenue cycle management (RCM) services to hospitals and health systems. The company leverages AI-driven technology and deep domain expertise to reduce denials and underpayments across all denial types, low balance accounts and complex claims, while also enhancing patient experience and satisfaction. Arsenal Capital Partners... Read More »
Danaher Corporation Acquires Genedata AG
On August 18 Danaher Corporation, based in Washington, D.C., announced the acquisition of Genedata AG for an undisclosed price. Founded in 1997 and headquartered in Basel, Switzerland, Genedata is at the forefront of transforming data into intelligence for the life sciences industry. Genedata delivers scalable and open solutions that enhance R&D productivity, serving top global biopharmaceutical and biotechnology organizations around the globe. Danaher is a leading global life sciences and diagnostics innovator, committed to accelerating the power of science and technology to improve human health. The company designs, manufactures and markets professional, medical,... Read More »LetsGetChecked Acquires Truepill
LetsGetChecked (LGC), which is based in Dublin, Ireland and New York, New York, announced the acquisition of Truepill for $25 million. Founded in 2016, Truepill’s business-to-business solutions include its virtual pharmacy digital experience, patient services to drive adherence, engagement, quality and performance and nationwide prescription fulfillment. Truepill had raised more than $370 million in venture capital funding, including at a $1.6 billion valuation in 2021, from firms like Optum, Optum Ventures, Oak HC/FT and Initialized Capital. LGC is a leading healthcare solutions company that allows customers to manage their health from home, providing direct access to... Read More »Schedule a demo
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