Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40
Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
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 »
Broward Health Buys MOB in Coral Springs, Florida
Broward Health has purchased a Coral Springs, Florida medical office building (MOB) for $11 million. The property last traded ownership for $5.8 million in 2018, so it has nearly doubled in value, reflecting the strong demand for medical office space in Broward County. The property is a 40,926-square-foot MOB located north of Broward Health Coral Springs. The five-story building was constructed on the 1.34-acre site in 1974. Broward Health is a public, non-profit health system operating more than 30 healthcare facilities. With more than 7,590 employees, Broward Health services all segments of the community through its four hospitals, a children’s hospital, seven primary care centers,... Read More »
United Dental Corporation Expands Footprint in Tennessee
United Dental Corporation (UDC), a Miami, Florida-based dental services organization, announced that it has acquired Gorham and Ammarell Dentistry, marking its first acquisition in Tennessee. Gorham and Ammarell Dentistry is a general dentistry practice that has been operating in Nashville, Tennessee since 1969. According to its website, the practice has two providers on staff. UDC partners with dentists seeking to maximize the value of their practices while retaining operational autonomy. UDC exclusively partners with growth-oriented, entrepreneurial dentists producing $2 million to $5 million in annual collections typically from a single location. Triumphant Transition Partners... Read More »
Children’s Autism Center Expands in Northeast Indiana With Child’s Play Plus
The Children’s Autism Center announced that it has acquired local provider Child’s Play Plus, signaling a strategic move to enhance its services in Northeast Indiana. Starting in 2014 as one clinic specializing in autism services, Child’s Play Plus has become a multidisciplinary pediatric therapy center offering behavioral, developmental and rehabilitative services across multiple locations in Northeast Indiana. Children’s Autism Center is a nonprofit Applied Behavior Analysis (ABA) agency headquartered in Fort Wayne, Indiana. Children’s Autism Center has been providing autism support in northeast Indiana since 2005, serving around 140 clients annually across its Fort... Read More »
AstraZeneca Acquires Amolyt Pharma From Sofinnova Partners
Sofinnova Partners announced on March 14 that its portfolio company, Amolyt Pharma, has entered into a definitive agreement with AstraZeneca for its acquisition. The transaction includes $800 million upfront at deal closing, plus the right for Amolyt Pharma’s shareholders to receive an additional contingent payment of $250 million payable upon achievement of a specified regulatory milestone. Amolyt Pharma is a global, clinical-stage biopharmaceutical company specializing in the development of therapeutic peptides for rare endocrine and related diseases. Its portfolio includes eneboparatide (AZP-3601), a long-acting PTH1 receptor agonist as a potential treatment for hypoparathyroidism, and... Read More »
Madisonhealth Acquires Upper Valley Orthopedics
Madisonhealth, based in Rexburg, Idaho, announced that it acquired Upper Valley Orthopedics for an undisclosed amount. Upper Valley Orthopedics provides state-of-the-art orthopedic care. According to its website, the practice has three providers on staff. Madisonhealth is a network of interconnected clinics, healthcare professionals and support personnel throughout eastern Idaho. Anchored by Rexburg’s Madison Memorial Hospital, Madisonhealth is 720 employees strong, with a dedicated team of 270 local providers, and an additional 50 contracted therapists and nurse anesthetists. According to data captured in the LevinPro HC database, this acquisition marks the 107th... Read More »
Montecito Medical Acquires Two MOBs in Minnesota
Montecito Medical Real Estate announced on March 12 that it has purchased two medical office buildings (MOBs) in Minnesota, marking its third transaction of the year. The two MOBs, which encompass a total of 13,100 square feet, are located in the suburban communities of Maplewood and Apple Valley, Minnesota in the Minneapolis–Saint Paul MSA. Both are 100% occupied by Minnesota Women’s Care. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the United States involving more than $5.1 billion in medical real estate. The acquisition of the MOB expands Montecito Medical’s presence in the... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
