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Syllable Announces Purchase of Actium Health
Syllable announced its purchase of Actium Health, which will operate as a division of Syllable following completion. Actium Health provides consumer engagement utilizing health-system data intelligence. Its solutions help health systems drive patient volume by accelerating inbounding patients’ access to care through care navigation and identifying the most valuable and highest-risk patients for outreach. Syllable is a healthcare services company powered by artificial intelligence. Syllable helps patients gain access to primary care, specialty care and emergency care. Syllable also helps patients gain access to their medical record, assists with prescription refills and vaccinations.... Read More »
PE Firm Fletch Equity Buys Autism Spectrum Interventions
Private equity investor Fletch Equity announced that it has purchased Fullerton, California-based provider Autism Spectrum Interventions (ASI). Founded in 2009, ASI is a provider of applied behavior analysis therapy in home- and school-based settings. The company works with school districts, Medi-Ca, Medicaid and several commercial health plans. Founded in 2019, Fletch Equity is a firm focused on the lower-middle market. The company is headquartered in Los Angeles, California and prefers to invest in growth-stage companies through buyouts. According to Fletch Equity, the ASI acquisition marks the firm’s thirteenth acquisition in the last 33 months. Mergers and... Read More »
Montecito Medical Acquires MOB Portfolio in Wisconsin
Montecito Medical Real Estate announced on March 19 that it has acquired two buildings in the Milwaukee suburb of Germantown, Wisconsin. The two adjacent properties encompass a total of 92,573 square feet. The medical office building (MOB) portfolio is 100% occupied by Advocate Aurora Health, the third-largest nonprofit, integrated health system in the United States, operating more than 65 hospitals and 1,000 care sites. Providers at both properties deliver a wide range of health services. One of the buildings includes an ambulatory surgery center with six operating rooms and MRI/CT imaging. Montecito Medical specializes in healthcare-related real estate acquisitions and funding. Since... Read More »
Panoramic Health Acquires The Kidney and Hypertension Center
Panoramic Health announced on March 19 that it entered into an agreement to partner with The Kidney and Hypertension Center (KHC). KHC is one of the largest independent nephrology practices in Cincinnati, Ohio. According to its website, the practice has 34 physicians and 11 nurse practitioners on staff. KHC treats roughly 2,500 stage 4 and stage 5 chronic kidney disease patients and more than 1,700 end-stage kidney disease patients out of 23 locations. Panoramic Health is a physician-led kidney care organization. Panoramic Health’s Clinical Research division partners with sponsors and clinical research organizations to bring treatments to patients with kidney... Read More »
NewStreet Properties Acquires East Mesa ASC
NewStreet Properties, based in Omaha, Nebraska, announced on March 20 that it acquired an ambulatory surgery center (ASC) in East Mesa, Arizona. The property is located next to Banner Baywood Medical Center and was built in 2002. NewStreet Properties is a real estate investment firm. According to its website, as of March 2024, it owns more than 2.8 million commercial square feet and has more than $1 billion assets under management. The original press release notes that New Street Properties has plans to expand the property by building a 5,214-square-foot addition to the current ASC. The financial terms of the transaction were not disclosed. According to data captured in... Read More »
Specialized Dental Partners Acquires 2 Endodontics Practices
Franklin, Texas-based Specialized Dental Partners announced that within one week it acquired both Northeastern Ohio Endodontics and Apex Endodontics. Northeastern Ohio Endodontics provides care out of two locations in Ohio: Canfield and Warren. It has three providers on staff, according to its website. Apex Endodontics is an endodontics practice with one location in Colorado Springs, Colorado. According to its website, it has three providers on staff. A portfolio company of private equity firm Quad-C Management, Specialized Dental Partners is a leading specialty dental service organization that provides comprehensive support services to endodontic specialists across... Read More »
AstraZeneca Acquires Fusion Pharmaceuticals for $2 Billion
AstraZeneca announced on March 19 that it entered into a definitive agreement to acquire Fusion Pharmaceuticals Inc., based in Hamilton, Canada. Fusion will become a wholly owned subsidiary of AstraZeneca, with operations continuing in Canada and the United States. The upfront cash portion of the consideration represents a transaction value of approximately $2 billion. Combined, the upfront and maximum potential contingent value payments represent, if achieved, a transaction value of approximately $2.4 billion. Fusion Pharmaceuticals is a clinical-stage biopharmaceutical company developing next-generation radioconjugates (RC). Fusion’s clinical-stage development portfolio includes its lead... Read More »
Kroger Sells Specialty Pharmacy Business to CarelonRx
Kroger, a Cincinnati-based supermarket chain, announced on March 19 the sale of its specialty pharmacy business to CarelonRx, a subsidiary of Indianapolis-based health insurer Elevance Health. Kroger’s specialty pharmacy serves patients with chronic illnesses that require complex care. Those illnesses include rheumatoid arthritis, growth hormone deficiencies, multiple sclerosis and bleeding disorders. Patients and prescribers work with skilled clinicians and access therapy programs through the specialty pharmacy to gain education, resources and counseling. Patients can also get help with side-effect management, financial assistance and personalized care. Kroger has owned the specialty... Read More »
Private Equity’s Prominence in 2023 and 2024
Private equity (PE), for several years, has had a large presence in the healthcare M&A market. In 2023, there were 766 transactions that were completed by a private equity group, and/or a portfolio company. This equates to roughly 35% of the entire 2,197 healthcare acquisitions that were reported during 2023. This high percentage of PE activity in the healthcare M&A market continued from 2022 which saw 976 PE-backed acquisitions, or approximately 40% of the 2,461 announced deals. Between January 1, 2024 and February 29, 2024, 113 of the 359 deals have been completed by a PE-backed buyer, or 31%. The sector with the most PE interest was Physician Medical Group (PMG), totaling... Read More »Schedule a demo
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