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Sanford Acquires Women’s Health Center in Williston, North Dakota
Sanford Health announced its expansion into the Williston, North Dakota area with its recent acquisition of Great Plains Women’s Health Center. Great Plains Women’s Health Center is a full-service practice that addresses the obstetric and gynecologic (OB/GYN) needs of women at every stage of life. According to its website, the practice has four providers on staff. Sanford Health is one of the largest rural health systems in the nation. Headquartered in Sioux Falls, South Dakota, the organization serves 1.4 million patients and nearly 200,000 health plan members across 250,000 square miles. The integrated health system has 45 hospitals, 211 clinic locations, more than 160 Good Samaritan... Read More »
Ascend Plastic Surgery Partners Expands to Florida With Ponte Vedra Plastic Surgery
Ascend Plastic Surgery Partners announced that it has acquired Ponte Vedra Plastic Surgery, expanding its footprint into Florida. Ponte Vedra Plastic Surgery is a cosmetic and reconstructive surgery center serving patients in North Florida and South Georgia. According to its website, the practice has six providers on staff. Ascend Plastic Surgery Partners is an Atlanta-based management services organization formed by private equity firm Sheridan Capital Partners in October 2023. The plastic surgery firm has practices in Alabama, South Carolina, Utah and New Mexico. Ponte Vedra Plastic Surgery was advised by Westcove Partners and Advos Legal. Ascend was advised by McDermott Will & Emery... Read More »
RadNet Acquires Six Imaging Centers in Houston MSA
RadNet, Inc. announced that it has signed a definitive agreement to purchase the assets of six imaging centers in the greater Houston, Texas MSA. This acquisition, which is anticipated to be completed before the end of the second quarter of 2024, is RadNet’s second announced transaction in the Houston area. Upon closing, the transaction will bring the number of RadNet centers in the Houston MSA to 13. The acquired assets include six imaging centers in the Houston MSA. The centers offer a broad range of imaging services, including MRI, CT, mammography, ultrasound and X-ray, and currently operate under the American Health Imaging brand. RadNet, Inc. is a provider of freestanding, fixed-site... Read More »
PE-Backed ExperCARE Purchases MedCenter Urgent Care
ExperCARE, a partner company of private equity firm Seven Hills Capital, announced that it has purchased MedCenter Urgent Care. MedCenter Urgent Care is a premier urgent care and family medicine provider headquartered in North Port, Alabama, with additional locations throughout greater Tuscaloosa. ExperCARE is a Savannah, Georgia-based provider of urgent care and occupational health services. The partnership marks a significant expansion for ExperCARE, extending its geographic reach and reinforcing its dedication to high-quality, patient-centered care across West and Central Alabama. Financial terms of the deal were not disclosed. According to data captured in the LevinPro HC... Read More »
Alcanza Clinical Research Acquires Innovation Medical Research Center
Methuen, Massachusetts-based Alcanza Clinical Research announced on April 9 its acquisition of Innovation Medical Research Center, a multi-specialty clinical research center in Palmetto Bay, Florida. Innovation conducts Phase I to Phase IV clinical trials in key therapeutic areas such as cardiology, dermatology, endocrinology, gastroenterology, infectious disease, internal medicine, nephrology, neurology, psychiatry, rheumatology and women’s health. Alcanza Clinical Research is a network of research facilities focused on bringing clinical trial opportunities involving life-changing treatments and vaccines to all patients, especially those from underrepresented... Read More »
The 10 Multi-Billion Dollar Deals that Kicked off 2024
The first quarter of 2024 started the Healthcare M&A market off with a bang, with 13 transactions in the billion-dollar price range announced during the first quarter. This compares to Q1:23, when only six transactions exceeded $1 billion. More than half of the billion-dollar transactions announced during Q1:24 were in the Biotechnology sector. Acquirer Target Price Target Sector Novo Holdings A/S Catalent, Inc. $16,500,000,000 Other Services Gilead Sciences, Inc. CymaBay Therapeutics, Inc. $4,300,000,000 Biotechnology Health Care Service Corporation Cigna’s Medicare assets $3,700,000,000 Managed... Read More »
OCLI Vision acquires Fishman Center for Total Eye Care
OCLI Vision, which is managed by Blue Sea Capital’s Spectrum Vision Partners, announced that it entered into an agreement to acquire Fishman Center for Total Eye Care. Fishman Center for Total Eye Care is an eye care practice with two locations in Queens, New York. According to its website, the practice is run by three providers. OCLI Vision provides ophthalmic services and treatments, including treatment for cataracts, corneal disease, refractive surgery, glaucoma, oculoplastics, retinal disease and neuro-ophthalmology. Founded in 1997, OCLI Vision offers eye care services at locations throughout Connecticut, New Jersey, New York and Pennsylvania. The Bloom... Read More »
Vista Equity Partners Acquires Model N for $1.25 Billion
On April 8, Vista Equity Partners, a private equity firm based in Austin, Texas, announced that it acquired Model N. Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion. Model N is a leader in revenue optimization and compliance for pharmaceutical, medtech and high-tech innovators. It is based in San Mateo, California and has additional locations in Tennessee, Colorado and Delaware as well as India and Switzerland. Vista Equity Partners has more than $101 billion in cumulative capital commitments, as of September 2023. It invests in the... Read More »
