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Private Equity Interest in Pain Management ‘Starting to Heat Up’
More than 20% of American adults suffer from chronic pain, and research from the National Institutes of Health shows that only about 1 in 10 people experience a full recovery within a year. Numbers like these indicate a strong need for improved pain management services – and after years of wariness, many in the private equity community are now showing interest. “It’s a smaller niche market that was, to some extent, overlooked by private equity given its perceived risk in the context of the opioid crisis,” says Eric Major, a Managing Director at Provident Healthcare Partners. But now, he says interest is “starting to heat up.” One possible reason is a growing emphasis on... Read More »
Solaris Health Acquires Urologic Consultants
Solaris Health announced that it has continued its acquisition streak of 2023 having completed its fourth transaction. It has expanded its presence in Michigan with the acquisition of Urologic Consultants, a five-provider practice. Urologic Consultants provides urology care to all ages from four locations in Michigan. According to its website, its five physicians are supported by a team of six employees. Solaris Health, a portfolio company of private equity firm Lee Equity Partners, is a national healthcare platform committed to enhancing access to specialty health care. The group was formed in June 2020 when Lee Equity Partners purchased and merged Integrated Medical... Read More »
Medray Acquires Avista Medical
Medray, based in Dublin, Ireland, announced its acquisition of Avista Medical. According to data captured in the LevinPro HC database, this transaction represents the 34th healthcare product distributor transaction of 2023. Founded in 2004, Avista supplies medical imaging equipment and support services to radiology departments in hospitals. It is a support specialist for Canon Medical Systems, the global manufacturer of CT, MRI, X-Ray and Ultrasound diagnostic imaging equipment in Ireland. Medray supplies healthcare equipment to radiology, dental, veterinary and associated sectors across Ireland and the United Kingdom. The company was founded in 1979 and was bought by private... Read More »
Resurgens Technology Partners Acquires Valant Medical Solutions
Gemspring Capital, a private equity firm based in Westport, Connecticut, announced on December 4 the sale of Valant Medical Solutions to Resurgens Technology Partners. Aeris Partners served as financial advisor to Valant and McDermott Will & Emery LLP served as legal counsel to Gemspring. The financial terms were not disclosed. Valant Medical Solutions is a provider of SaaS-based electronic health record (EHR) and practice management software for behavioral health providers. It provides a comprehensive and differentiated software platform that enables customers to manage key operational, clinical and financial workflows to drive optimal business and patient outcomes. Valant... Read More »
New Mountain Capital-Backed PerkinElmer Acquires Covaris
PerkinElmer, backed by New York-based private equity firm New Mountain Capital, announced on December 4 that it has acquired Covaris. According to data in the LevinPro HC database, this transaction marks the 118th Laboratories, MRI and Dialysis acquisition of 2023, and 27th in the laboratories specialty. Covaris, also majority-owned by New Mountain Capital, provides tools and technologies to improve pre-analytical sample preparation, enable novel drug formulations and manage compounds in the drug discovery process. The company was founded in 1999 in Woburn, Massachusetts. PerkinElmer provides products and services to the diagnostics, research, environmental, industrial and... Read More »
Roche Acquires Carmot Therapeutics for $2.7 Billion
Carmot Therapeutics Inc. announced on December 4 that it entered into a definitive merger agreement to be acquired by Roche Holding AG at a purchase price of $2.7 billion upfront and the potential for $400 million in milestone payments. Carmot Therapeutics is a biotechnology firm with injectable dual GLP-1/GIP receptor agonists and an oral GLP-1 drug in clinical development. The biotechnology company filed to go public in November 2023. Roche Holding AG, commonly known as Roche, operates in the pharmaceuticals and diagnostics businesses worldwide. The company’s headquarters are located in Basel, Switzerland. According to its 2022 annual report, Roche’s net sales... Read More »
Laborie Medical Technologies Invests in Start-Up Bright Uro
Laborie Medical Technologies Corp. (LMT) has announced a strategic equity investment in Bright Uro, an early-stage medical technology company headquartered in Irvine, California. Founded in 2021, Bright Uro is developing the Glean Urodynamic System™, a wireless, catheter-free, urodynamic monitoring system intended to quantify the pressure characteristics of the lower urinary tract. LMT, a subsidiary of Stockholm-based private equity firm Patricia Industries, is a global medical technology company focused on urology, urogynecology, gastroenterology, obstetrics, gynecology and neonatal health. LMT develops, manufactures and markets medical technology and consumables to diagnose and... Read More »
Quadrant-Backed Partnered Health Acquires New View Psychology
Partnered Health, a portfolio company of Quadrant Private Equity, has acquired a psychology services platform in a small but strategic bolt-on acquisition. The company announced its acquisition of New View Psychology (NVP) on November 30, 2023. Founded in 2005, NVP is an Australian business that connects organizations with psychologists. NVP acts as a bridge between its network of nearly 150 psychologists across the country and parties in need of their services, including GP clinics, corporates and Employee Assistance Program providers. Partnered Health is made up of a number of established businesses that have been delivering health services to more than five million people... Read More »
ReFocus Eye Health acquires Washington Eye Institute
ReFocus Eye Health announced that it has completed yet another transaction with the acquisition of Washington Eye Institute. Washington Eye Institute provides full-scope ophthalmologic care out of three locations in Maryland, spanning the Washington, D.C. MSA. According to its website, the practice has eight physicians on staff. ReFocus Eye Health, a portfolio company of investment firm Zenyth Partners, is an eye care management services organization that partners with more than 65 affiliated ophthalmologists and optometrists across 25 practice locations, and one ambulatory surgery center in the Northeast and Mid-Atlantic regions. This transaction is the seventh one to be... Read More »Schedule a demo
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