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Eximia Research Acquires Tidewater Clinical Research
On July 31, Eximia Research announced that it acquired Tidewater Clinical Research, a contract research organization (CRO) that is based in Norfolk, Virginia. Since 1994, Tidewater Clinical Research has been at the forefront of women’s health research in the Hampton Roads/Eastern Virginia region. With a substantial patient database and a strong network of investigators, Tidewater has conducted numerous clinical trials that have significantly advanced medical knowledge and patient care. Eximia is a multi-site, multi-therapeutic, clinical research site network serving pharmaceutical, biotech companies and CROs and providing Phase I-IV research services across a diverse... Read More »
TowerBrook Capital Partners and Clayton, Dubilier & Rice Acquire R1 RCM for $8.9 Billion
On August 1, TowerBrook Capital Partners and Clayton, Dubilier & Rice (CD&R) announced that they entered into an agreement to acquire R1 RCM Inc. for $8.9 billion. R1 RCM Inc. is a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers. The revenue cycle management (RCM) company operates models seamlessly to complement a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash while driving revenue yield, reducing operating costs and enhancing the patient experience. With offices in London and New York, TowerBrook is a private... Read More »
Värde Partners and Unity Medical Properties Acquire Florida ASC for $14.5 Million
Värde Partners and Unity Medical Properties announce a joint venture to acquire an ambulatory surgery center (ASC) in Palm Beach Gardens, Florida. The price is $14.5 million. The ASC’s tenant is Laser and Surgery Center of the Palm Beaches. It is a single-story building that sits on 1.9-acres of land. Värde Partners is a leading global alternative investment firm specializing in credit and credit-related assets. It was founded in 1993 and the firm has invested more than $100 billion across the credit quality and liquidity spectrum in both public and private markets. Unity Medical Properties is a real estate investment firm. Nothing else was disclosed. This is... Read More »
TheraEx Staffing Merges With SVC Group
TheraEx Staffing is merging with SVC Group in a deal that closed in June, the companies announced in a July 26 press release. Based in Concord, California, TheraEx Staffing provides travel nursing and allied healthcare professionals on a per diem and travel basis. It also began a locum tenens business two years ago, and growth of this division is a primary focus. Staffing Venture Capital, also called SVC Group, provides best-in-class talent in the recruitment industry. SVC is based in Nevada and owned by the Fante family. Both companies will merge expertise and resources to create a more comprehensive entity. Both firms are retaining their distinct entities and operational structures.... Read More »
Ira Capital & Oaktree Acquire 12-Property Medical Outpatient Portfolio Spanning 600,000 Square Feet
IRA Capital, one of the leading private buyers of healthcare real estate in the United States, announced on July 31 the acquisition of twelve Class-A medical outpatient buildings (MOBs) through a newly established partnership with funds managed by Oaktree Capital Management, L.P. The acquired MOBs span 600,000 square feet and involve properties from two separate institutional sellers and feature a mix of single and multi-tenant MOBs situated in prime medical corridors across California, Texas, Florida and Oregon. The portfolio is anchored by prominent health systems and leading medical providers, including UC Davis Health, Palomar Health, UCLA, CommonSpirit, Ascension, McKesson and SCA... Read More »
Dental365 acquires The Art of Dentistry and Spa
Dental365, backed by private equity firm The Jordan Company, announced it acquired The Art of Dentistry and Spa. The Art of Dentistry and Spa is a dental practice in Somerset, New Jersey. The practice offers dental services such as oral surgery, custom dentures and general and cosmetic dentistry. According to its website, the practice has seven providers on staff. Dental365 is a full-service family dental practice and support organization with locations throughout New York, Connecticut, New Jersey, Pennsylvania, New Hampshire, Massachusetts and Rhode Island. Dental365 was acquired by The Jordan Company in July 2021. This acquisition signifies Dental365’s continued commitment to serving... Read More »Tindall Orthodontics Partners with Southern Orthodontic Partners
Southern Orthodontic Partners (SOP) announced that it was expanding its presence in Kansas with the acquisition of Tindall Orthodontics. TUSK Partners advised Tindall Orthodontics in this transaction. The financial terms were not disclosed. Tindall Orthodontics is based in Manhattan, Kansas and, according to its website, has one provider on staff: Dr. Mark Tindall. Based in Nashville, Tennessee, SOP is a portfolio company of Shore Capital Partners. The company works with orthodontic practices to provide expertise in finance, marketing, recruiting, benefits and other practice administration to allow orthodontists to focus on patient care. According to data captured in the LevinPro HC... Read More »
M&A Deal Volume Increases in July 2024: A Conversation with Andre Ulloa and Mark Thomas
In July 2024, there were 175 healthcare transactions reported, marking an 8% increase from June 2024 when 162 deals were announced and a 4% from July 2023 when 168 healthcare acquisitions were reported. The deal volume of July 2024 accounts for nearly 15% of the 1,190 healthcare transactions announced since the start of 2024. The most active sector was Other Services with 56 acquisitions. Other Services is a catch-all/miscellaneous sector that encompasses a variety of transactions from medical outpatient buildings (MOBs) to contract development manufacturing organizations (CDMOs). In July 2024, there were 19 MOB transactions, four infusion service acquisitions and two CDMO deals. The... Read More »
Boehringer Ingelheim Acquires Nerio Therapeutics for $1.3 Billion
Boehringer Ingelheim announced on July 29 that it will buy Nerio Therapeutics for $1.3 billion. With the purchase of Nerio Therapeutics, Boehringer Ingelheim is also picking up a preclinical immune checkpoint inhibitor program that it hopes will become the “centerpiece” of its immune-oncology portfolio. Nerio Therapeutics is a biotechnology company focused on the life sciences sector. It was founded in 2019 and is based in La Jolla, California. Nerio has been working on small molecules that inhibit protein tyrosine phosphatases N1 and N2 (PTPN1 and PTPN2). PTPN1 and PTPN2 regulate cytokine signaling and T cell receptor signaling, with preclinical research suggesting inhibiting them can... Read More »Schedule a demo
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