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PE-Backed Cardiovascular Associates of America Expands in Florida
Cardiovascular Associates of America (CVAUSA) announced its acquisition of The Cardiovascular Center of Florida. This is CVAUSA’s sixth transaction of 2023. The Cardiovascular Center of Florida operates two locations in Florida. According to its website, the practice is run by 26 physicians. CVAUSA is a physician management services organization headquartered in Celebration, Florida. Through CVAUSA’s physician-centered practice management model, physicians drive clinical care and their practice culture, while benefiting from the business expertise and shared resources available through CVAUSA. It was formed by Webster Equity Partners in 2021. Following the completion of... Read More »
Laborie Medical Technologies Acquires Urotronic
Portsmouth, New Hampshire-based Laborie Medical Technologies, Inc. (LMT) signed a definitive agreement on September 6 to acquire Urotronic, Inc. According to data captured in the LevinPro HC database, this transaction marks the 76th Medical Devices acquisition of 2023. Under the terms of the agreement, the transaction consists of an upfront cash payment of $255 million, and up to an additional $345 million in potential commercial and reimbursement milestone payments. Urotronic is a Plymouth, Minnesota-based medical device company pioneering the application of its Optilume® drug-coated balloon technology for use in interventional urology including treating urethral strictures... Read More »
Abbott Signs Definitive Agreement to Acquire Bigfoot Biomedical
Abbott has entered a definitive agreement for the acquisition of Bigfoot Biomedical Inc. for an undisclosed price. Bigfoot Biomedical is a medical technology start-up headquartered in Milpitas, California, founded by a team of people with personal connections to type 1 and type 2 diabetes. One of its lead products is Bigfoot Unity, a smart insulin management system. It features connected insulin pen caps that use continuous glucose monitoring data and healthcare provider instructions. The system is indicated for use by people aged 12 years and older with diabetes who need multiple insulin injections every day. Abbott manufactures and sells healthcare products worldwide... Read More »
HiRO Acquires U.S.-Based CRO Courante Oncology
Harvest Integrated Research Organization (HiRO) announced its acquisition of Courante Oncology, a full-service clinical research organization (CRO) based in Excelsior, Minnesota. According to data captured in the LevinPro HC database, this transaction represents the 26th CRO acquisition of the year. Courante Oncology provides clinical research consulting and services to pharmaceutical and medical device companies that are developing oncology products. HiRO is a CRO based in Shanghai, China. With global operations and integration capabilities, it provides a range of solutions and services to its clients, including early pre-clinical strategic planning, clinical trial design,... Read More »
EyeSouth Partners Acquires Retina and Vitreous of Texas
EyeSouth Partners announced on September 5 that it partnered with Retina and Vitreous of Texas, one of Houston’s leading retina-only practices. The affiliation represents EyeSouth’s thirty-eighth overall and the network’s first retina-only affiliation in the state of Texas. Financial terms of the deal were not disclosed. Retina and Vitreous of Texas has served the greater Houston market for more than 25 years, been involved in upwards of 180 medical publications and developed a nationally-renowned fellowship program that was originally established in 1997. According to its website, the practice is led by a team of six board-certified, fellowship-trained physicians. EyeSouth... Read More »
PracticeTek Merges with Integrated Practice Solutions
PracticeTek announced on September 5 that it merged with Integrated Practice Solutions (IPS) for an undisclosed price. The combined company will retain the PracticeTek brand. IPS is a retail healthcare software company, with product lines in the segments of chiropractic, optometry and speech therapies. IPS provides mission-critical practice management, electronic health record, integrated payments and revenue cycle management solutions to help specialty healthcare providers streamline operations, improve patient care and increase practice profitability. PracticeTek is a Knoxville, Tennessee-based investment firm that targets healthcare software companies. The company is backed... Read More »
LabGenomics USA Acquires QDx Pathology
LabGenomics USA announces its acquisition of Edison, New Jersey-based QDx Pathology Services. QDx Pathology Services is an independent, full-service molecular and anatomical pathology laboratory in Edison, New Jersey. The company was founded in 2006. LabGenomics USA, a subsidiary of South Korea-based LabGenomics Co., Ltd., is a healthcare company specializing in molecular diagnostics. It is based in Fountain Valley, California. The acquisition is expected to have significant implications for the future of both companies and the industry, according to the press release. The financial terms of the acquisition were not disclosed. According to data captured in... Read More »
Nestlé Divests Peanut Allergy Brand to Stallergenes Greer
Nestlé Health Science announced on September 5 its divestment of Palforzia, a children’s peanut allergy drug, to Stallergenes Greer International AG. According to data captured in the LevinPro HC database, this transaction represents the 77th Pharmaceuticals acquisition of 2023. Palforzia became the first drug approved by the FDA for peanut allergy in children in January 2020. At the time, it was projected that the drug could reach $1.28 billion in sales by 2024. Backed by B-FLEXION, Stallergenes Greer International AG is a global biopharmaceutical company. It is based in Baar, Switzerland and specializes in the diagnosis and treatment of respiratory allergies through... Read More »
VitalPoint Technologies Acquires Herban Healing
Houston-based VitalPoint Technologies, Inc. (VPT) announced on August 31 it acquired Herban Healing, LLC. The financial terms of the transaction were not disclosed. Herban Healing is a Texas-based biopharmaceutical company focused on healthcare products centered around CBD. Co-Founders Kyle Williams and Jennifer Gillelan established Herban Healing with the goal of addressing the opioid epidemic. Founded in 2019, the company operates two locations in Cypress, Texas and one in North Spring, Texas. VitalPoint Technologies was established to conduct research, develop solutions and provide education on alternative healthcare options. VPT is a tech-enabled innovative Healthcare... Read More »Schedule a demo
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