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Novo Nordisk Inks $1 Billion Buyout of Cardior Pharmaceuticals
Novo Nordisk announced that it has agreed to acquire Cardior Pharmaceuticals for up to €1.025 billion (approximately $1.1 billion USD), including an upfront payment and additional payments if certain development and commercial milestones are achieved. The acquisition is an important step forward in Novo Nordisk’s strategy to establish a presence in the cardiovascular disease treatment space. Cardior Pharmaceuticals is a clinical-stage biopharmaceutical company focused on the discovery and development of RNA-based therapeutics designed to prevent, repair and reverse cardiovascular diseases. Cardior’s therapeutic approach uses distinctive non-coding RNAs as a platform for addressing... Read More »
Why Invest in the Health Clinic Market
We sat down and spoke with industry expert Andre Ulloa, Partner and Executive Advisor of M&A Healthcare Advisors, to discuss the key considerations investors should know before investing in the health clinic market. Ulloa sheds light on the factors driving the recent surge in health clinic investment, and what’s to come for this booming market. What is a Health Clinic? A health clinic, also called a walk-in clinic, is a convenient option for immediate, non-emergency medical care. These types of clinics can treat a wide range of conditions, such as the flu, strep throat, small cuts and skin infections. They can also provide services like physical exams, immunizations and similar... Read More »
Trinity Health Michigan Acquires West Michigan Rheumatology
Trinity Health Michigan has entered into an agreement to acquire West Michigan Rheumatology, a three-provider practice. Based in Grand Rapids, Michigan, West Michigan Rheumatology has provided care to patients suffering from a variety of rheumatological conditions throughout West Michigan for more than 25 years. The clinical team collaborates closely with other specialists such as physical therapists, occupational therapists and nutritionists to provide a holistic treatment plan for patients. Trinity Health Michigan, also called Trinity Health Medical Group, is one of the largest not-for-profit, Catholic health care systems in the nation. With more than 24,000 full-time... Read More »AbbVie Acquires Landos Biopharma for $137.5 Million
On March 25, Chicago-based AbbVie Inc. announced that it entered into an agreement to acquire Landos Biopharma for $137.5 million. AbbVie will acquire Landos at a price of $20.42 per share in cash upon closing, plus one non-tradable contingent value right per share with a value of up to $11.14 per share, or approximately an additional $75 million in the aggregate, subject to the achievement of a clinical development milestone. Landos Biopharma is a clinical stage biopharmaceutical company focused on the development of first-in-class oral therapeutics for patients with autoimmune diseases. Landos’ lead investigational asset is NX-13, a first-in-class oral NLRX1... Read More »
Lone Peak Dental Group Acquires Zoo Crew Pediatric Dentistry
Lone Peak Dental Group announced that it acquired Zoo Crew Pediatric Dentistry, a seven-provider dental practice based in the Nashville, Tennessee MSA. Zoo Crew Pediatric Dentistry provides specialized pediatric care and personalized dental care to patients from its four locations in the Nashville MSA which are Hermitage, Mount Juliet, Cookeville and Lebanon. Founded in 2003 by two pediatric dentists, Lone Peak Dental Group is a dental services organization focusing on the pediatric market segment. The company has 69 offices spanning 14 states. As of February 2024, it is backed by investment firm BlackRock as well as the Memorial Hermann Health System. With this acquisition,... Read More »
Sonic Healthcare Acquires Dr. Risch in Switzerland
Sonic Healthcare announced this week that it agreed to pay CHF 117 million (approximately $131.7 million USD) for the acquisition of Dr. Risch. Dr. Risch is a Switzerland-based second-generation family business. Since its founding in 1970, the laboratory has developed into a leading partner in the field of laboratory medicine diagnostics and today has 16 networked competence centers in Switzerland and Liechtenstein. The company has about 650 employees. Founded in 1987, Sonic Healthcare is a global medical diagnostics company providing laboratory, pathology and radiology services. It has a presence in Australia, New Zealand, United States, United Kingdom, Germany, Switzerland,... Read More »
TriasMD Purchases Thousand Oaks Surgery Center
Newport Beach, California-based TriasMD has announced its acquisition of Thousand Oaks Surgery Center. Thousand Oaks Surgery Center is an AAAHC-accredited, Medicare-certified ambulatory surgery center (ASC) In Thousand Oaks, California. The facility features four operating rooms, five private pre-op rooms, 11 recovery bays and two overnight suites for patients staying 23 hours or less. TriasMD is a musculoskeletal management company. Using the data-driven model created by its subsidiary, DISC Surgery Center, TriasMD positions facilities to thrive, building a clinically integrated network of providers and monitoring the network’s quality. The strategic acquisition... Read More »
MB2 Dental Acquires Dental Wellness of Anna
MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners, announced on March 21 that it expanded its foothold in Texas with the acquisition of Dental Wellness of Anna. Dental Wellness of Anna operates out of one location in Anna, Texas and, according to its website, has two providers on staff. The facility spans 3,030 square feet, featuring 11 state-of-the-art operation rooms. MB2 Dental Solutions partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery. The original press release notes that this acquisition is the 700th... Read More »
Arches Medical Partners Acquires 11 Internal Medicine Practices
On March 20, Arches Medical Partners announced that it purchased 11 internal medicine practices in Rhode Island from VillageMD. The 11 practices employ a total 55 providers, according to the original press release. Arches Medical Partners, founded in 2023, is a medical group management company. It is based in Cambridge, Massachusetts. This transaction is Arches’ first acquisition since it was formed. Sidley Austin provided Arches with legal representation. Terms were not disclosed. According to data captured in the LevinPro HC database, this transaction marks the 122nd Physician Medical Group (PMG) deal of 2024, and the eighth in the internal medicine specialty.... Read More »Schedule a demo
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