Alcanza Clinical Research Acquires Innovation Medical Research Center

Alcanza Clinical Research Acquires Innovation Medical Research Center

Methuen, Massachusetts-based Alcanza Clinical Research announced on April 9 its acquisition of Innovation Medical Research Center, a multi-specialty clinical research center in Palmetto Bay, Florida.  Innovation conducts Phase I to Phase IV clinical trials in key therapeutic areas such as cardiology, dermatology, endocrinology, gastroenterology, infectious disease, internal medicine, nephrology, neurology, psychiatry, rheumatology and women’s health.  Alcanza Clinical Research is a network of research facilities focused on bringing clinical trial opportunities involving life-changing treatments and vaccines to all patients, especially those from underrepresented... Read More »
The 10 Multi-Billion Dollar Deals that Kicked off 2024

The 10 Multi-Billion Dollar Deals that Kicked off 2024

The first quarter of 2024 started the Healthcare M&A market off with a bang, with 13 transactions in the billion-dollar price range announced during the first quarter. This compares to Q1:23, when only six transactions exceeded $1 billion. More than half of the billion-dollar transactions announced during Q1:24 were in the Biotechnology sector. Acquirer Target Price Target Sector Novo Holdings A/S Catalent, Inc. $16,500,000,000 Other Services Gilead Sciences, Inc. CymaBay Therapeutics, Inc. $4,300,000,000 Biotechnology Health Care Service Corporation Cigna’s Medicare assets $3,700,000,000 Managed... Read More »
OCLI Vision acquires Fishman Center for Total Eye Care 

OCLI Vision acquires Fishman Center for Total Eye Care 

OCLI Vision, which is managed by Blue Sea Capital’s Spectrum Vision Partners, announced that it entered into an agreement to acquire Fishman Center for Total Eye Care.  Fishman Center for Total Eye Care is an eye care practice with two locations in Queens, New York. According to its website, the practice is run by three providers.  OCLI Vision provides ophthalmic services and treatments, including treatment for cataracts, corneal disease, refractive surgery, glaucoma, oculoplastics, retinal disease and neuro-ophthalmology. Founded in 1997, OCLI Vision offers eye care services at locations throughout Connecticut, New Jersey, New York and Pennsylvania.   The Bloom... Read More »
Vista Equity Partners Acquires Model N for $1.25 Billion 

Vista Equity Partners Acquires Model N for $1.25 Billion 

On April 8, Vista Equity Partners, a private equity firm based in Austin, Texas, announced that it acquired Model N. Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion.  Model N is a leader in revenue optimization and compliance for pharmaceutical, medtech and high-tech innovators. It is based in San Mateo, California and has additional locations in Tennessee, Colorado and Delaware as well as India and Switzerland.  Vista Equity Partners has more than $101 billion in cumulative capital commitments, as of September 2023. It invests in the... Read More »
Johnson & Johnson to Acquire Shockwave Medical for $13.1 Billion

Johnson & Johnson to Acquire Shockwave Medical for $13.1 Billion

Johnson & Johnson announced on April 5 that it will acquire all outstanding shares of Shockwave Medical for $335 per share in cash, corresponding to an enterprise value of approximately $13.1 billion including cash acquired. Shockwave Medical is a cardiovascular medical device company changing how calcified cardiovascular disease is treated with intravascular lithotripsy (IVL). IVL safely uses sonic pressure waves to disrupt challenging calcified plaque, resulting in significantly improved patient outcomes. Shockwave has also recently acquired the Reducer, which is under clinical investigation in the United States and is CE Marked in Europe. By redistributing blood flow within the... Read More »
MedLife Acquires Romania-based Personal Genetics

MedLife Acquires Romania-based Personal Genetics

On April 4, MedLife announced its acquisition of a majority stake in Personal Genetics. With this, MedLife becomes the operator with the greatest expertise in the field of genetic sequencing and molecular biology and one of the largest networks of laboratories and collection centers nationwide, the company said in a filing to the Bucharest Stock Exchange. Established in 2011, Personal Genetics is a Bucharest, Romania-based human medical genetics center with national coverage. The company offers advanced genetic diagnostic services for a wide range of conditions, in oncology, onco-hematology, gynecology and rare diseases. Personal Genetics has a network of 18 centers throughout Romania and... Read More »
First Fertility Acquires Fertility & Surgical Associates of California 

First Fertility Acquires Fertility & Surgical Associates of California 

On April 2, First Fertility announced that it was expanding into California with the purchase of Fertility & Surgical Associates of California.  Fertility & Surgical Associates of California is a fertility practice internationally recognized as a leader in advanced fertility treatment. It operates out of three locations in California. According to its website, the practice has four providers on staff.  First Fertility is one of the largest fertility networks in the United States. It has more than 35 locations in North America, serving patients in 15 states, including Alabama, Connecticut, Florida, Illinois, Louisiana, Maine, Massachusetts, Mississippi, Missouri, New... Read More »
Viemed Healthcare Acquires East Alabama HomeMed 

Viemed Healthcare Acquires East Alabama HomeMed 

Viemed Healthcare, Inc. announced that it acquired East Alabama HomeMed.  East Alabama HomeMed, also called HomeMed, provides home medical equipment services to patients within the East Alabama Health network, as well as those in the surrounding areas of Eastern Alabama.  Viemed Healthcare is a provider of in-home medical equipment and post-acute respiratory healthcare services in the United States. Viemed’s service offerings are focused on effective in-home treatment with clinical practitioners providing therapy and counseling to patients in their homes.  The transaction closed on April 1, 2024, with Viemed acquiring a majority ownership interest and assuming managerial... Read More »
Kentucky Counseling Center Acquires Flourish Psychotherapy 

Kentucky Counseling Center Acquires Flourish Psychotherapy 

Kentucky Counseling Center (KCC) announced on April 3 that it entered into an agreement to acquire Flourish Psychotherapy.   Flourish Psychotherapy is a mental health counseling center in Cincinnati, Ohio. It also serves the Columbus, Ohio area.  KCC provides mental health counseling out of three locations in Kentucky. It has nearly 180 employees. According to the press release, the company reported 63% revenue growth during 2022 and 2023.  The original deal press release notes that the acquisition will expand KCC’s presence to Cincinnati and Columbus. Flourish Psychotherapy will rebrand as Counseling Now. The combined company will have five locations that are run by more... Read More »
First Fertility Acquires Fertility & Surgical Associates of California 

Physician Growth Partners Advises The Woman’s Group in its Acquisition by Femwell  

Physician Growth Partners (PGP) announced that it acted as an advisor to The Woman’s Group in its sale to Femwell Group Health.  The Woman’s Group is a leading OB/GYN practice with four locations Florida: two in Tampa, one in Lutz and one in Riverview. According to its website, the practice has 29 providers on staff.  Femwell Group Health, backed by Los-Angeles, California-based investment firm LightBay Capital, is a leading management services organization providing cost-effective business solutions to physicians. It is based in Miami, Florida.  This transaction marks Femwell’s first acquisition of the year. The financial terms were not disclosed.  According to... Read More »