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4DMedical Merges with Imbio
4DMedical Limited announced the creation of a comprehensive cardiothoracic image analysis portfolio with the acquisition of Imbio. Imbio is a leader in artificial intelligence medical imaging solutions for chronic lung and cardiothoracic diseases. Imbio’s regulatory cleared solutions transform the way patients are discovered, diagnosed and treated. It was a portfolio company of Invenshure, a biotechnology organization based in Minneapolis, Minnesota. 4DMedical Limited is a global medical technology company that has created a step change in the capacity to understand the lung function of patients with respiratory diseases. Through its flagship patented XV Technology®,... Read More »
ConcertAI Acquires CancerLinQ
ConcertAI, based in Cambridge, Massachusetts, announced that it entered into an agreement to acquire CancerLinQ, based in Alexandria, Virginia. CancerLinQ is an oncology data platform developed by the American Society of Clinical Oncology, Inc. that collects and aggregates longitudinal electronic health record data from oncology practices throughout the United States. By using data from nearly 7 million patient records, CancerLinQ helps improve health outcomes for all oncology patients and advances evidence-based research. ConcertAI is the leader in Real-World Evidence and Generative AI technology solutions for life sciences and health care. It works with biomedical... Read More »
Bain Capital-Backed Surgery Partners Acquires Nevada Surgical Suites
Surgery Partners, Inc., backed by Bain Capital, announced that it has expanded its ambulatory surgery center (ASC) presence with the acquisition of Nevada Surgical Suites (NSS). NSS founded in 2009 by Dr. Alain Coppel, is a portfolio of ASCs affiliated with the premier provider of outpatient interventional pain management in Nevada. It has two locations in Las Vegas. Surgery Partners is a leading operator of surgical facilities and ancillary services with more than 180 locations nationwide. It is based out of Brentwood, Tennessee. Hyde Park Capital served as the exclusive investment banker and financial advisor to NSS. Epstein Becker Green served as legal counsel to... Read More »
Navigating Year Over Year Trends of the Physician Medical Group M&A Market
The Physician Medical Groups (PMG) market is an industry that we frequently analyze, and for good reason. Coupled with its high deal volume, the sector is brimming with changing trends such as the growth in the cardiology space or how the size of the practices being purchased has changed over time. According to the LevinPro HC database, between January 1, 2023, and November 30, 2023, there were 2,001 healthcare transactions reported, 478 of them in the PMG sector, accounting for approximately 24% of deals. PMGs represent the second largest healthcare sector, with Other Services, a catch-all for ancillary services and companies at 502 transactions. Source: LevinPro HC, December 2023 The... Read More »
Nonprofit Hanley Foundation Acquires Origins Behavioral HealthCare
West Palm Beach, Florida-based Hanley Foundation announced that it has acquired Origins Behavioral HealthCare. According to data captured in the LevinPro HC database, this transaction marks the 78th Behavioral Health Care acquisition of 2023, and the 23rd in the substance use disorder specialty. Origins Behavioral HealthCare’s mental health and addiction treatment centers offer comprehensive, evidence-based treatment for adults in Texas and Florida. Hanley Foundation is a nonprofit company providing substance abuse prevention and education programs for parents and caregivers. The agreement encompasses all of Origins’ locations across Texas and Florida, including Hanley Center in West... Read More »
Cigna Calls Off Humana Merger, Plans Big Stock Buyback
The Wall Street Journal had originally reported on November 29 that payer giants Cigna and Humana are exploring a merger that could shake up the power dynamics of the industry, citing people familiar with the matter. The two companies were discussing an all-cash deal that would have been finalized by the end of the year. However, Cigna and Humana have now ended merger talks amid concern from investors and an inability to pin down key financial terms, according to a new Wall Street Journal report. If it had gone through, the merger would have created a $140 billion industry giant, positioning itself as the largest player in the Managed Care space. Instead of pursuing the merger,... Read More »
OneOncology Bolsters Oncology Network
OneOncology, Inc., a subsidiary of TPG Capital and AmerisourceBergen Corporation, announced that it acquired two practices through portfolio companies, expanding its oncology presence in Michigan and California. Genesee Cancer and Blood Disease Treatment Center, operating in Flint, Michigan, was purchased by Cancer and Hematology Centers. Genesee Cancer is led by Dr. Rizwan Danish. Pacific Cancer Medical Center, a five-provider practice servicing the Los Angeles MSA, was bought by Los Angeles Cancer Network, a leading cancer treatment center in California. Pacific Cancer Medical Center also provides clinical trials services. In addition to the acquisitions, OneOncology also... Read More »
R1 RCM Acquires Acclara from Providence
R1 RCM announced that it is acquiring revenue cycle management (RCM) company Acclara from Renton, Washington-based health system Providence Health & Services. R1 RCM is buying Acclara for $675 million and warrants to purchase 12.2 million shares of R1 stock, according to a December 6, 2023 R1 RCM news release. Acclara supports patients and providers through streamlined billing and payment processes, improves financial performance and enhances patient experience. Founded in 2003, R1 RCM is a RCM company that services hospitals, health systems and physician groups across the United States. R1 RCM saw revenues of $1.8 billion in 2022 but a net loss of $57.6 million,... Read More »
5 Factors Likely to Shape Health Care in 2024: Deloitte Report
In its annual healthcare outlook survey, Deloitte cited five factors that will reshape the healthcare industry in 2024. The survey serves as a compass for industry trends and forecasts, outlining a transformative roadmap for the year ahead. From the resurgence of M&A activities and the adoption of generative AI, to navigating workforce talent challenges and exploring outsourcing strategies, the healthcare industry is gearing up for some real changes. These key factors are projected to reshape the healthcare market in the coming year: M&A, Consolidation and Convergence: While hospital and health system M&A activities saw a notable decline during the COVID-19... Read More »Schedule a demo
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