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Danaher Corporation Acquires Abcam plc for $5.7 Billion
Danaher Corporation announced on August 28 that it has entered into a definitive agreement to acquire Abcam plc. According to data captured in the LevinPro HC database, this acquisition represents the 94th Laboratories, MRI and Dialysis transaction of 2023. Danaher will acquire all the currently outstanding shares of Abcam at a price of $24.00 per share in cash. In total, this acquisition is valued at approximately $5.7 billion, which factors in assumed debts and deducts acquired cash. Abcam Plc is a global life science company, which distributes antibodies and associated protein research tools. Its products include primary and secondary antibodies, proteins, peptides, lysates,... Read More »
Q2:23 Thematic Earnings Roundup
This earnings season has provided us with insights into how various publicly traded healthcare companies are navigating the current landscape. Let’s delve into the trends and outcomes that defined the second quarter of 2023. The Home Health & Hospice Market: The Erosion of Medicare Fee-For-Service The Home Health & Hospice (HH&H) market has been volatile of late, with companies like Amedisys Inc. (NASDAQ: AMED) reporting a significant shortfall in earnings and a decline in revenue compared to the same period last year. Amedisys reported a financial loss in the second quarter of $80.3 million, after reporting a profit in the same 2022 period. A significant portion of this... Read More »
SANUWAVE Health Merges with SPAC SEP Acquisition Corp.
SANUWAVE Health Inc. has entered into a definitive merger agreement with SEP Acquisition Corp. Upon completion of the proposed transaction, the combined company is expected to operate under the SANUWAVE name and trade on the NASDAQ Capital Market under the symbol “SNWV”. SANUWAVE Health is commercial stage medical device company. It has two FDA approved products and its lead product, UltraMIST®, has nationwide schedule 1 reimbursement from CMS. According to its FY 2022 financial report, SANUWAVE had FY 2022 revenues of $16.7 million. SEP Acquisition Corp. is a Houston-based special purpose acquisition company (SPAC) affiliated with Sweat Equity Partners and Mercury Life... Read More »
Travel Nurse Across America Acquires Stogo
Travel Nurse Across America (TNAA) announced on August 24 the acquisition of Stogo, a health system shift and float pool management platform based in San Antonio, Texas. According to data captured from the LevinPro HC database, this acquisition represents the 21st healthcare staffing transaction of 2023. The mobile app-based Stogo platform enables healthcare providers to fill critical staffing gaps with their internal employees or with local, Stogo-employed clinicians in their community. According to the original press release, clinicians will fill more than 100,000 shifts this year through Stogo’s mobile staffing marketplace. TNAA is a staffing agency that places travel nurse... Read More »
Heartland Dental Acquires Implant & General Dentistry of Northern Colorado
Heartland Dental, a portfolio company of private equity firm KKR & Co. Inc., has announced its acquisition of Implant & General Dentistry of Northern Colorado. Implant & General Dentistry of Northern Colorado operates out of one Loveland, Colorado office. According to its website, the practice has three physicians on staff. Heartland Dental is a dental support organization providing non-clinical, administrative support services with more than 2,600 doctors in more than 1,650 locations across 38 states. The addition of the Loveland practice expands Heartland Dental’s foothold in Colorado. The financial terms of the acquisition were not disclosed. ... Read More »
Solis Mammography Acquires Carolina Breast Imaging Specialists
Solis Mammography, based in Addison, Texas, announced its acquisition of Carolina Breast Imaging Specialists for an undisclosed price. For more than 10 years, Carolina Breast Imaging Specialists has been providing patients care through a team of fellowship trained breast imaging specialists and state-of-the-art technology. It has three locations in North Carolina: Greenville, Goldboro and Wilson. Solis Mammography, a portfolio company of Madison Dearborn Partners since August 2018, is one of the largest independent providers of mammography and breast health services in the United States. It has more than 70 centers and has performed more than 5 million procedures. ... Read More »
Shuman Development Group Acquires Reading, PA Medical Office Buildings
Shuman Development Group announced its acquisition of two medical office buildings (MOBs) Pennsylvania from Penn State Health. The Penn State Health St. Joseph downtown properties in Reading, Pennsylvania are located at 604 Walnut Street and 145 North 6th Street. Haven Behavioral Hospital of Eastern Pennsylvania, an acute care behavioral health hospital, is housed on the third floor of the North 6th Street property. Shuman Development Group is a Reading, Pennsylvania-based real estate developer. Following the sale, which is expected to close in October 2023, Penn State Health will become a tenant in the buildings. Terms were not disclosed. According to data captured... Read More »
Reproductive Medicine Associates Acquires Conceptions Reproductive Associates of Colorado
Reproductive Medicine Associates (RMA) announced on August 23 its acquisition of Conceptions Reproductive Associates of Colorado. Founded in 1986, Conceptions Reproductive Associates of Colorado operates four Colorado locations. According to its website, the practice has six physicians on staff. RMA has been helping build families through the most advanced treatment options and patient-centered fertility care for more than 20 years. RMA is a leader in IVF research, pioneering the Single Embryo Transfer, increasing safety for mom and baby and pre-Implantation genetic testing, increasing successful outcomes. With this acquisition, RMA adds Colorado to its network of 25... Read More »
Vitana Pediatric & Orthodontic Partners Acquires Pediatric Dental Partners
Vitana Pediatric & Orthodontic Partners announced on August 23 its acquisition of Pediatric Dental Partners for an undisclosed price. Pediatric Dental Partners is based out of two locations in Louisiana: Bossier City and Shreveport. Per its website, the practice has four providers on staff. Vitana Pediatric & Orthodontic Partners is a dentist-led dental partnership organization focused exclusively on elite pediatric dental and orthodontic practices, with operations in Florida, Alabama, Louisiana, Pennsylvania and New Jersey. According to data captured in the LevinPro HC database, this transaction represents the 362nd Physician Medical Groups acquisition of the... Read More »Schedule a demo
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