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Medline Acquires Ecolab’s Surgical Solutions Business for $950 Million
Medline Industries announced that it was acquiring Ecolab’s surgical solutions business for $950 million. The deal encompasses the entire portfolio of products from Ecolab’s Microtek Medical line, which includes a variety of common hospital sanitation and personal protective equipment for healthcare workers. Medline Industries is a global manufacturer and distributor of medical supplies and clinical solutions. Headquartered in Northfield, Illinois, Medline has more than 34,000 employees worldwide and does business in more than 125 countries and territories. This deal will provide Medline with sterile drape solutions for surgeons and Ecolab’s fluid temperature management... Read More »
Arbor Biotechnologies Acquires Serendipity
Arbor Biotechnologies announced on May 8 that it entered into an agreement to acquire Serendipity Biosciences. The financial terms were not disclosed. Serendipity Biosciences is a private biotechnology company focused on the discovery of unique gene editing technologies. Serendipity’s novel editing technologies were discovered in the lab of leading gene editing researcher and Arbor Biotechnologies co-founder, Feng Zhang, of the McGovern Institute for Brain Research at MIT and the Broad Institute of MIT and Harvard. Arbor Biotechnologies is a next-generation gene editing biotechnology company based in Cambridge, Massachusetts. It is focused on discovering and developing... Read More »
Smile Partners USA Expands in Georgia and Illinois
Smile Partners USA has announced that it acquired two dental practices: Family Dental Group and Petrie, Storer & Associates. Family Dental Group is a family dental practice in Decatur, Georgia. According to its website, there are four providers on staff. Petrie, Storer & Associates is a dental practice with one location in Chicago, Illinois. According to its website, the practice is run by a team of three providers. Smile Partners USA is a management support organization that offers back-office resources and services to premier, independent private dental practices and boutique group practices throughout Michigan, Georgia, Illinois and Alabama. It is backed by... Read More »
PromptCare Acquires Coastal Infusion Services
On April 6, PromptCare, a portfolio company of The Halifax Group, announced that it was expanding its infusion services with the acquisition of Coastal Infusion Services. According to data captured in the LevinPro HC database, this acquisition marks the third infusion services transaction of 2024. Coastal Infusion Services provides at-home and alternate-site infusion services throughout the southern United States. It also cares for patients at six ambulatory infusion suites. It was founded in 2017 and is based in Baton Rouge, Louisiana. PromptCare provides specialty respiratory products and infusion therapy services. Established in 1985 and headquartered in New... Read More »
Avel eCare Bolsters Telemedicine Offerings With Horizon Virtual Deal
Avel eCare continues to expand its nationwide leadership in telemedicine with the acquisition of Horizon Virtual. The deal marks Avel’s third acquisition since January 2023 as the company continues its aggressive growth strategy into 2024. Horizon Virtual is a Minnesota-based virtual hospitalist services provider offering telehealth admission and telemedicine coverage to hospital patients. Avel eCare offers one of the largest and most comprehensive virtual health networks in the world. Since 1993, Avel physicians and clinicians have partnered with more than 650 healthcare systems, rural hospitals, outpatient clinics, long-term care facilities, schools and correctional facilities... Read More »
PE Firm KKR Picks up Bengaluru-based Healthium
KKR & Co. announced on Monday its acquisition of Bengaluru, India-based medical devices company Healthium Medtech from an affiliate of funds advised by private equity firm Apax Partners. Healthium was previously known as Sutures India. It is the leading medical device company in India that develops, manufactures and sells a broad range of surgical products globally. Its portfolio caters to a wide spectrum of surgeons’ needs, offering wound closure, arthroscopy, and advanced wound closure products. Healthium’s key brands include Trusynth, Truglyde, Trubond and Sironix. Apax Partners previously acquired the company in 2018. KKR is a leading global investment firm that manages multiple... Read More »
Are We Past the Healthcare Retail Peak?
The Pull-Back Strategy of Village MD The March 2024 announcement from Walgreens Boots Alliance to scale back nearly half of its VillageMD clinics has sent shockwaves through the retail healthcare field. This pull-back, coupled with similar moves by Walmart and hints of caution from other retailers like CVS Health, raises serious questions about the long-term viability of the entire model. When we first covered the retail healthcare space back in late 2022, the message from many industry experts was that retail healthcare was here to stay. But now, with the recent news of Walgreens planning to close 160 VillageMD clinics across several states, we can’t help but to wonder – has retail... Read More »
Mind Body Optimization Acquires Mind Body Wellness
On May 6, Mind Body Optimization (MBO) announced that it entered into an agreement to acquire Mind Body Wellness. Mind Body Wellness is a mental health provider that operates out of Franklin, Tennessee. It focuses on mental health as well as addiction. MBO is an outpatient mental health center that operates out of locations in Texas and Tennessee. It offers treatment for depression, anxiety, PTSD and trauma. With this acquisition MBO operates out of five locations: Southlake, Plano and Fort Worth, Texas, as well as Franklin and Knoxville, Tennessee. The financial terms of the acquisition were not disclosed. According to data captured in the LevinPro HC database,... Read More »
Osstem Implant Acquires Implacil de Bortoli
Osstem Implant announced on May 2 that it entered into an agreement to acquire a 100% stake in Implacil de Bortoli for $89.8 million. Implacil de Bortoli is a Brazilian dental implant firm. With a portfolio of approximately 1,300 product items, the company offers a complete dental solution, ranging from dental implants and prosthetic components to surgical kits and biomaterials. The company has an annual production capacity of 9.1 million units and operates five distribution centers covering more than 13,000 clients across Brazil. According to the press release, the company reported $874 million in revenue in 2023. Osstem Implant, which is backed by MBK Partners and UCK... Read More »Schedule a demo
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