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Berkeley Biologics Acquires Elutia’s Orthobiologics Business Unit
Elutia Inc. (previously known as Aziyo Biologics, Inc.) announced on September 18 that it divested its Orthobiologics business unit to Berkeley Biologics LLC. Mizuho Securities USA LLC acted as advisor to Elutia. According to data captured in the LevinPro HC database, this transaction marks the 110th Biotechnology transaction of the year. Elutia will receive cash proceeds of up to $35 million, comprising an upfront payment at closing of $15 million plus potential earnout payments of up to $20 million over a five-year period. The transaction is expected to close in the fourth quarter of 2023. Orthobiologics are therapies that can be used by orthopaedic... Read More »
New Story Acquires Thrive Alliance Group
New Story announced on September 18 that it entered an agreement to acquire Parsippany, New Jersey-based Thrive Alliance Group. Thrive Alliance Group is focused on supporting children with mental health needs in school. It provides care to children and young adults with special education needs in its private schools and directly within public schools for children with Individual Education Plans. Founded in 1997, New Story is a provider of special and alternative education and therapeutic services. New Story offers integrated academic and therapeutic programming to children and young adults with autism spectrum disorder, mental illness, emotional and behavioral challenges.... Read More »
What Is Value-Based Care?
Value-based care is the future of the U.S. healthcare system. The Centers for Medicare & Medicaid Services (CMS) want all Medicare beneficiaries and the majority of Medicaid beneficiaries to be in value-based care arrangements by 2030 – and the rest of the healthcare marketplace is expected to follow. Value-based care is often promoted as a system with the potential to reduce costs and improve care quality. But what does “value-based care” really mean? How are “value” and “quality” defined? This article attempts to answer those questions as clearly and comprehensively as possible. We’ll explain the structure of value-based care, including the risk types and reimbursement models, why... Read More »
Unifeye Vision Partners Acquires Insight Vision Group
Unifeye Vision Partners (UVP), a portfolio company of private equity firm Waud Capital Partners, has acquired California-based Insight Vision Group. According to data captured in the LevinPro HC database, this acquisition represents the 393rd Physician Medical Groups transaction of the year, and the 34th in the eye care specialty. This also marks Unifeye’s fifth acquisition of 2023. Brown Gibbons Lang & Company’s Healthcare & Life Sciences investment banking team served as the exclusive financial advisor to Insight Vision Group. Financial terms of the deal were not disclosed. Insight Vision Group is an eyecare platform with ten clinics and two... Read More »
Sagaliam Acquisition Corp. Acquires Biogenysis and Virogentics
Enzolytics, Inc. announced on September 18 that it sold two of its wholly owned subsidiaries, Biogenysis, Inc. and Virogentics, Inc., to Sagaliam Acquisition Corp. in a transaction valued at $450 million. Enzolytics is a Texas-based biotechnology company with both patented anti-HIV therapeutics and a proprietary methodology for producing fully human IgG1 monoclonal antibodies for treating infectious diseases with non-toxic passive immunotherapy. Biogenysis uses proprietary techniques to produce fully human monoclonal antibodies (mAbs) against infectious diseases. The technology is currently being employed to produce monoclonal antibody therapeutics for treating the CoronaVirus... Read More »
Redefine Healthcare Expands Presence in New Jersey
On September 18 Redefine Healthcare announced it was merging with Mercer-Bucks Orthopedics. Mercer-Bucks Orthopedics is an orthopedic practice. It operates four locations in New Jersey and one in Pennsylvania. According to its website, the practice is run by 13 physicians, five physician assistants, eight physical therapists and two occupational therapists. Redefine Healthcare is a leading multidisciplinary medical practice dedicated pain management and orthopedics. It has 19 locations in New Jersey. With an expanded team of more than 70 providers, patients of the merged company can now receive comprehensive treatment for sports medicine injuries, joint... Read More »
Pharmanovia Acquires CNS Portfolio From Sanofi
Pharmanovia announced on September 18 the expansion of its neurology portfolio with the acquisition of 11 central nervous system (CNS) brands from global healthcare company, Sanofi. According to data captured in the LevinPro HC database, this transaction is the 75th Pharmaceutical acquisition of 2023. Sanofi is selling a portfolio of CNS brands, including Frisium®, Sentil®, Urbanyl®, Urbanil®, Urbanol®, Urbadan®, Noiafren®, Castilium®, Gardenal®, Tercian® and Stemetil®. The brands span four therapy areas of ongoing unmet need associated with CNS disorders – psycholeptic, anxiolytic, anti-epileptic and anti-psychotic. Pharmanovia (formerly known as Atnahs Pharma UK Limited) is a... Read More »
The Crossover of Rehabilitation and Behavioral Health
Traditionally, Behavioral Health Care (BHC) and Rehabilitation have been seen as two separate healthcare sectors with little overlap, but, in the wake of both COVID-19 and the third wave of the opioid crisis, that may (and should) change as more companies discover the potential benefits of pairing both types of healthcare providers together. To get a thorough understanding of each market, we need to define the sectors and what type of care is provided. Rehabilitation provides services related to physical therapy for sports injuries, brain damage accidents, post-acute care physical rehabilitation and work-place injuries. BHC consists of providers that focus on treating mental health. This... Read More »
Best Buy Partners with Geisinger for Chronic Care Management
Minneapolis-based retail giant Best Buy has announced plans to expand its at-home care offerings through a partnership with Pennsylvania-based healthcare system Geisinger Health. Best Buy and Geisinger plan to co-create a chronic care management package in which Best Buy will supply patient engagement and monitoring, and Geisinger will bring clinical expertise to healthcare organizations. Geisinger Health comprises 10 hospitals, as well as a health plan with more than half a million members. The health system has 25,000 employees and more than 1,700 physicians. The health system also has 133 primary care and specialty clinic sites and serves 67 counties. In 2021, Geisinger... Read More »Schedule a demo
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