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SAIGroup Picks up Patient Engagement Provider Get Well

SAIGroup Picks up Patient Engagement Provider Get Well

SAIGroup announced on July 9 the acquisition of Get Well, a Bethesda, Maryland-based provider of digital patient engagement. Get Well’s digital engagement tools connect patients to the information they need, when they need it, providing scalable operational efficiencies to hospitals, health systems, payers and other risk-bearing entities. Get Well currently facilitates more than 10 million patient interactions annually across more than 1,000 healthcare organizations. Founded in 2017, SAIGroup is a private equity firm based in Palo Alto, California. The firm focuses on artificial intelligence software companies. SAIGroup seeks majority acquisitions of software, data, analytics and... Read More »
GQR Acquires Healthcare Staffing Provider Uniti Med

GQR Acquires Healthcare Staffing Provider Uniti Med

GQR has announced the acquisition of Uniti Med, a healthcare staffing company based in Omaha, Nebraska. This strategic acquisition marks a significant advancement for both organizations, enhancing their capabilities to serve clients and candidates across a broader array of sectors and geographical regions. This strategic acquisition marks a significant advancement for both organizations, enhancing their capabilities to serve clients and candidates across a broader array of sectors and geographical regions. Uniti Med specializes in travel nursing, locum tenens and other healthcare sectors. GQR is a global leader in workforce solutions, delivering talent to the healthcare, life sciences,... Read More »
Tennessee Retina Strengthens Nashville Foothold  

Tennessee Retina Strengthens Nashville Foothold  

Tennessee Retina announced on July 8 that it welcomed Retina Consultants of Nashville to its network.   Retina Consultants of Nashville operates out of one location in Nashville, Tennessee and provides high-quality eye care. According to the press release, there are three providers on staff.  Owned by Retina Consultants of America, which is a portfolio company of Webster Equity Partners, Tennessee Retina is one of the largest and most recognized retina practices in the area. Tennessee Retina offers advanced diagnostic and treatment options for the full spectrum of surgical and medical retina conditions, including macular degeneration, diabetic retinopathy, retinal detachment,... Read More »
Tobin Scientific Acquires BioRepository Resources 

Tobin Scientific Acquires BioRepository Resources 

On July 2, Tobin Scientific announced that it acquired all assets of BioRepository Resources, LLC.   BioRepository Resources, LLC is a specialty contract services company that is focused on regulated long-term storage of biological and pharmaceutical materials. It is based in New Providence, New Jersey.   Tobin Scientific is a leading provider of biopharma cold chain, ambient storage and transport and logistics services. It is based in Beverly, Massachusetts and was founded in 1960. It has more than 300,000 square feet of ambient warehouse space and a robust portfolio of specialized transport and storage services.  This strategic acquisition enhances Tobin Scientific’s... Read More »
Vivo Infusion Acquires Infusion Associates 

Vivo Infusion Acquires Infusion Associates 

Vivo Infusion, backed by InTandem Capital Partners, announced on July 9 that it acquired Infusion Associates for an undisclosed price.   Founded in 2001, Infusion Associates is a provider of infusion services across the Midwestern United States. The company specializes in long-term treatment of chronic health conditions across a range of therapeutic areas including neurology, gastroenterology, rheumatology and immunology.  Vivo Infusion provides infusion and injection care for patients suffering from compromised immune systems, infectious diseases and other medical conditions. Vivo serves communities in Colorado, Florida, Ohio, Oklahoma, Pennsylvania, New Jersey and Texas... Read More »
Substance Use Disorder M&A Market During 1H 2024

Substance Use Disorder M&A Market During 1H 2024

The substance use disorder (SUD) specialty is often the most active submarket in the Behavioral Health Care (BHC) sector, and the first half of 2024 was no exception. According to data captured in the LevinPro HC database, 10 SUD deals were announced during the first six months of 2024, making up about 28% of all BHC deals announced during that time. 1H 2024 activity mirrored the activity witnessed in the first half of 2023, when SUD deals comprised 27% of all BHC deals announced. This consistency reflects sustained investor interest in the SUD treatment space. However, a comparison to the first half of 2022 (36% of BHC deals) and 2021 (34% of BHC deals), when SUD deal totals hit 21... Read More »
SAIGroup Picks up Patient Engagement Provider Get Well

Health Catalyst Adds Quarvis Health to Investment Portfolio

Health Catalyst announced at the start of July 2024 that it has added Quarvis Health, Inc. to its portfolio of digital health investments. Quarvis Health is a healthcare technology platform that virtually connects both the aging population and employees/health plan members to their health needs through AI-enabled text-based chat and voice-enabled devices. Quarvis offers a comprehensive solution to engage and navigate users to existing, underutilized benefits, reducing distress and improving behavioral health access and overall well-being. Quarvis Health was formed by the merger of HCC portfolio company Sibly, Inc. with Health4Home, LLC, d/b/a HandsFree Health, also announced in July 2024.... Read More »
PE-Backed MedPharm Merges With CDMO Tergus Pharma

PE-Backed MedPharm Merges With CDMO Tergus Pharma

MedPharm, an Ampersand Capital Partners portfolio company, announced on July 8 a merger with Tergus Pharma, backed by Great Point Partners. The combined organization will operate under the MedPharm name, establishing a leading, end-to-end contract development and manufacturing organization (CDMO) with robust scientific, clinical trial manufacturing and commercial production capabilities. Tergus Pharma is a CDMO that provides formulation development, in vitro permeating testing, in vitro release testing, skin biology, analytical services and clinical manufacturing services for branded and generic dermatology products. MedPharm is an end-to-end contract service provider of topical and... Read More »
Specialized Dental Partners Acquires McMurtrey Endodontics 

Specialized Dental Partners Acquires McMurtrey Endodontics 

On July 3, Specialized Dental Partners (SDP) announced that it acquired its second Colorado practice of 2024 with the acquisition of McMurtrey Endodontics.   McMurtrey Endodontics operates out of one location in Westminster, Colorado. In addition to general dentistry, it provides endodontic services. According to its website, it is run by two providers.  A portfolio company of private equity group 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 data captured in the LevinPro HC database, this acquisition represents the 260th Physician Medical... Read More »
Lilly Acquires Morphic Holding, Inc. for $3.2 Billion 

Lilly Acquires Morphic Holding, Inc. for $3.2 Billion 

On July 8, Lilly (formally known as Eli Lilly and Company) announced that it acquired Morphic Holding, Inc. for an estimated $3.2 billion. Lilly plans to acquire all outstanding shares of Morphic for $57 per share in cash. The purchase price at closing is a premium of around 79% to the closing stock price on Friday. Morphic Holding is a Massachusetts-based biotechnology company that is leading the development of new oral integrin drugs for inflammatory bowel diseases. Its proprietary MInT drug discovery platform combines an expert understanding of integrin dynamics and analytical capabilities with foundational structural biology insights and ongoing input from the Massachusetts-based... Read More »