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PE-Backed Laboratoire X.O Acquires nimodipine
Laboratoire X.O, backed by European mid-market private equity firm Stanley Capital Partners, announced on November 6 that it purchased nimodipine from Bayer AG, a German biopharmaceutical company. nimodipine is a second-generation calcium channel blocker designed to prevent and treat cerebral vasospasm following an aneurysmal subarachnoid hemorrhage. nimodipine is sold and marketed under the brand name Nimotop. Laboratoire X.O is a pharmaceutical company that specializes in mature market authorizations to sell and market drugs across various therapeutic areas such as pain, central nervous system, cardiology, oral care and women’s health. It is based in Paris, France. The... Read More »
PE-Backed Everest Clinical Research Acquires August Research
Everest Clinical Research, a portfolio company of Washington, D.C.-based private equity firm Arlington Capital Partners, announced on November 7 that it acquired Sofia, Bulgaria-based August Research. August Research is a contract research organization (CRO) that provides clinical trial services (CTS) and pharmacovigilance services to a variety of pharmaceutical and biotechnology clients. The CRO has worked on more than 120 projects for Phase I-IV clinical trials across multiple therapeutic areas including cardiovascular, infectious disease, oncology and rare disease. Everest Clinical Research is a full-service CRO providing a range of expertise-based clinical research services... Read More »
Surescripts Acquires Cost-Focused Prescription Startup ActiveRADAR
Arlington, Virginia-based Surescripts announced that it has acquired ActiveRADAR, a clinical intelligence company that identifies therapeutic alternatives for prescriptions. ActiveRADAR, formerly known as RxTE Health, is a healthcare analytics company delivering value-based reimbursement products and services for prescription drug benefits. ActiveRADAR’s clinical catalogue covers more than 165 therapeutic categories, including more than 30 specialty drug categories and more than 33,000 drug pairs. Surescripts is an American information technology company that supports e-prescription, the electronic transmission of prescriptions between healthcare organizations and pharmacies,... Read More »
Bristol Myers Squibb Acquires Orum’s ORM-6151
On November 6, Bristol Myers Squibb (BMS) announced that it entered into an agreement to acquire Orum Therapeutics’ GSPT1 platform. Under this transaction, BMS will pay an upfront payment of $100 million, and Orum Therapeutics is eligible to receive milestone payments for a total deal value of $180 million. Orum Therapeutics’ GSPT1 platform uses unique Dual-Precision Targeted Protein Degradation (TPD) approach to build novel targeted protein degraders combined with the precise tumor cell delivery mechanisms of antibodies. This generates innovative, first-in-class, tumor-selective TPDs for the treatment of cancer. BMS is a global biopharmaceutical company whose... Read More »
Corewell Health Acquires Gastroenterology Practice
Corewell Health announced on November 1 that it partnered with Great Lakes Gastroenterology, a gastroenterology practice in St. Joseph, Michigan. Corewell Health is a not-for-profit health system that provides health care and coverage with a team of more than 60,000 employees. The company has a team of more than 11,500 physicians and advanced practice providers; more than 15,000 nurses providing care and services in 22 hospitals; more than 300 outpatient locations and several post-acute facilities. It is also is partnered with Priority Health, a provider-sponsored health plan serving more than 1.3 million members. Upon completion of the transaction, Great Lakes Gastroenterology... Read More »
Health Catalyst Acquires Electronic Registry Systems
Salt Lake City, Utah-based Health Catalyst announced that it has acquired Electronic Registry Systems (ERS) in Cincinnati, Ohio. ERS has been providing cancer registry compliance and informatics services since 1989 and is widely recognized for its flagship platform solution, CRStar. Specifically designed for Certified Tumor Registrars, the CRStar platform records and reports vital cancer patient information to oncology registries. Health Catalyst is a data warehousing, analytics and outcomes-improvement company that helps healthcare organizations of all sizes perform the clinical, financial and operational reporting and analysis needed for population health and accountable... Read More »
Palm Medical Centers Acquires Primary Care Clinic in Oviedo, Florida
Palm Medical Centers, a portfolio company of MBF Healthcare Partners II, L.P., has announced its acquisition of Amana Medical Center P.A. in Oviedo, Florida. Amana Medical Center is a primary care clinic. The clinic is led by Dr. Jamal Abusuwa, a primary care physician with more than 20 years of experience with managed care programs. Palm Medical Centers is a provider of value-based primary care services. The company also coordinates cardiology, dentistry, optometry, pediatrics, podiatry, psychiatry and other specialist services. Operating a network of 36 medical centers across nine counties in Florida, Palm Medical Centers serves more than 50,000 Medicare Advantage and managed... Read More »
JLL Report: 2023 Life Sciences Industry and Real Estate Perspective
Recently, JLL released a report titled, “2023 Life Sciences Industry and Real Estate Perspective: Assessing the future landscape for biopharma, medtech and biomanufacturing” that explores the real estate landscape of technology sectors. According to data captured in the LevinPro HC database, JLL has advised on 24 transactions in 2023. Of those, there were 19 medical office buildings, two inpatient behavioral health hospitals, one ambulatory surgery center and one acute care facility. In total, the 50 facilities consist of more than 4.2 million square feet. The report was broken down into multiple sections that looked at various elements of the market. Below, we’ve summarized each... Read More »
