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Roche Acquires Telavant for $7.1 Billion
Roche Holding AG announced on October 23 that it will acquire Telavant Holdings from its majority owner, Roivant Sciences. Under the terms of the agreement, Roche will pay a purchase price of $7.1 billion upfront and a near-term milestone payment of $150 million. Telavant is a biotechnology company that produces drugs to treat inflammatory and fibrotic diseases. It is in the process of developing a new therapy for patients with Crohn’s disease. Telavant was jointly formed by Roivant and Pfizer, Inc. in 2022 to develop and commercialize RVT-3101, a monthly subcutaneously administered anti-TL1A antibody, in the United States and Japan. Roivant currently owns 75% of the issued and... Read More »
Lovell Minnick Partners Majority Makes Growth Investment in ACU-Serve
Lovell Minnick Partners (LMP), a New York City-based private equity firm, announced that it has made a majority growth investment in ACU-Serve Corp., based in Akron, Ohio. Founded in 1993, ACU-Serve is a leader in revenue cycle management (RCM) for healthcare providers focused on post-acute, home-based care, including the home medical equipment, durable medical equipment and home infusion industries. LMP is focused on investments in financial services, business services and financial technology companies. LMP has raised approximately $4.75 billion of committed capital, invested in more than 50 companies and completed more than 175 add-on acquisitions. ACU-Serve will... Read More »
Concentra Acquires Three Occupational Health Centers
Concentra Inc. announces that it acquired three occupational health centers from Pivot Occupational Health. According to data captured in the LevinPro HC database, this transaction is the 17th occupational health acquisition announced in 2023. The three centers are based in Delaware and Maryland. In addition to occupational health services, the centers provide in-house physical therapy services. Concentra, a division of Select Medical, is a premier provider of occupational health services focused on improving the health of America’s workforce, one patient at a time. The company is headquartered in Addison, Texas and operates more than 540 urgent care centers in 44 states and... Read More »
KKR-Backed Company Acquires Trumpet Behavioral Health
BlueSprig Pediatrics announced that it entered an agreement to acquire Trumpet Behavioral Health. Trumpet Behavioral Health offers evidence-based behavioral health services to children and adults with autism spectrum disorder and other developmental disabilities, based on the principles of Applied Behavior Analysis. It is based in Lakewood, Colorado and operates 37 locations in seven states, according to its website. WindRose Health Investors, a private equity firm based in New York City, was the seller. Backed by KKR, BlueSprig Pediatrics is a provider of autism therapy. It is headquartered in Houston, Texas and operates 137 centers in 15 states. The deal also... Read More »
Atlantic Street Capital Announces Acquisition of Brown’s Medical Imaging
Atlantic Street Capital (ASC) has announced the acquisition of Omaha, Nebraska-based Brown’s Medical Imaging. Founded in 1995, Brown’s Medical Imaging is a medical imaging solutions company providing equipment, service, maintenance, services and support to hospitals, physician practices and ambulatory service centers across the Midwest. Key products include a broad suite of medical imaging equipment including X-ray machines, mammography systems, CT scanners, ultrasound machines, MRI systems and surgical C-arm systems. Customer practice specialties include orthopedics, radiology, pulmonology, veterinary, chiropractic, urology, podiatry and urgent care centers. ASC is... Read More »
SportsMed Physical Therapy Acquires Mountainside Wellness in New Jersey
SportsMed Physical Therapy announced it has acquired New Jersey-based Mountainside Wellness. According to data captured in the LevinPro HC database, this transaction marks the 40th Rehabilitation acquisition of the year. Mountainside Wellness is a provider of physical therapy and chiropractic services in the central New Jersey area. The rehab provider has two clinic locations in Mountainside and Colonia, New Jersey. Founded in 2004, SportsMed Physical Therapy is a physical therapy-focused physician practice management company, with 33 clinics that provide physical therapy, chiropractic, acupuncture and occupational therapy services. SportsMed is a portfolio company of private... Read More »
Novo Nordisk Acquires ocedurenone
On October 16, Novo Nordisk A/S announced it acquired ocedurenone from KBP Biosciences PTE., Ltd., a biotechnology company. According to Novo’s press release, the acquisition was valued at $1.3 billion. ocedurenone is an orally administered, small molecule, non-steroidal mineralocorticoid receptor antagonist that is currently being examined in the phase 3 trial, CLARION-CKD, in patients with uncontrolled hypertension and advanced chronic kidney disease. ocedurenone has been investigated in nine clinical trials including the BLOCK-CKD Phase 2b trial. Novo Nordisk is a leading global healthcare company founded in 1923 and headquartered in Denmark. Novo Nordisk employs more than... Read More »
TriasMD Expands in California
TriasMD announced on October 18 that it entered in an agreement to acquire Pinnacle Surgery Center for an undisclosed price. Pinnacle Surgery Center, which is certified by both the Joint Commission of Healthcare Organizations and the Centers for Medicare & Medicaid Services, provides high-quality orthopedics and total joint care. It is based in Walnut Creek, California. Headquartered in Newport Beach, California, TriasMD is a musculoskeletal management company. Using the data-driven model created by DISC Sports & Spine Center, TriasMD positions facilities to thrive, building a clinically integrated network of providers and monitoring the network’s quality. ... Read More »
Premier Choice Healthcare Bolsters PMI Offering with Healthcover Acquisition
Premier Choice Healthcare (PCH), the health insurance intermediary hub owned by Brown & Brown, announced on October 18 the acquisition of the entire share capital of Brighton-based Healthcover Ltd. Healthcover specializes in personal and business private medical insurance (PMI) and has a distinct focus on international health coverage for U.K.-based customers. Founded in 1996, PCH is one of the largest independent insurance intermediaries in the United Kingdom, providing market strength and support with a wide range of resources and expertise. As part of the deal, the Healthcover team will integrate into PCH across the United Kingdom. Healthcover’s two... Read More »Schedule a demo
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