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Avacta Group Acquires Coris BioConcept for $9.2 Million
Avacta Group plc has acquired Coris BioConcept for £7.4 million, approximately $9.2 million USD, with an earnout based on future business performance, payable in cash, of up to £3 million. According to data captured in the LevinPro HC database, this marks the 63rd Laboratories, MRI and Dialysis transaction of the year and the 31st in the diagnostic subsector. Coris BioConcept is a middle-sized company specialized in developing, manufacturing and marketing rapid diagnostic test kits, mainly lateral flow tests, for use by healthcare professionals. Coris BioConcept was established in 1996 and is based in Gembloux, Belgium. Avacta Group plc is a life sciences company. The company is focused on... Read More »
Advanced Hospice Management Makes Strategic Acquisition
Advanced Hospice Management (AHM) announced the strategic acquisition of Healthcare Management and Billing Service, LLC (HCMBS), a leading Home Health Billing Service. HCMBS specializes in end-to-end billing and revenue cycle management (RCM) for the home health industry. Based in New Orleans, Louisiana, AHM is a specialized billing service working solely with hospice providers across the country to maximize collections. As part of this acquisition the combined companies will be renamed Advanced Revenue Cycle Management, LLC. AHM CEO Delaine Henry will become an owner and serve as CEO of the combined companies. Financial terms of the deal were not disclosed. According to data captured in... Read More »
BC Platforms Acquires 4Pharma
Paris-based BC Platforms (BCP) announced on June 1 that it acquired 4Pharma Ltd, a contract research organization (CRO). 4Pharma provides medical research services to pharmaceutical, biotechnology and medical device companies. 4Pharma was founded more than 20 years ago and has collaborations with approximately 70 clients in the Nordics, Central Europe and the US. BC Platforms is a global leader in building data networks for the life sciences industry and provides versatile technology platforms for personalized medicine, accelerating the translation of innovations into clinical practice. In November 2022, Jolt Capital invested $20 million into BC Platforms. The acquisition expands... Read More »
BJC HealthCare, Saint Luke’s Health System Begin Merger Talks
Two Missouri-based health systems have begun merger negotiations. On May 31, BJC HealthCare of St. Louis and Saint Luke’s Health System of Kansas City announced they have signed a non-binding letter of intent to form an integrated, academic health system in the state. The letter of intent was unanimously approved by both health systems’ Boards of Directors. Combined, this new organization will have $10 billion in revenue. BJC HealthCare is one of the largest nonprofit integrated academic healthcare systems in the country, providing services to residents primarily in the greater St. Louis, southern Illinois and southeast Missouri regions. With net revenues of $6.3 billion and more... Read More »
healthŌme Acquires Kailos Genetics
healthŌme™ Inc. announced earlier this week its acquisition of Kailos Genetics, LLC for an undisclosed price. Kailos Genetics is a CLIA-certified and CAP-accredited genetic testing laboratory and supplier of clinical grade laboratory reagents for next-generation sequencing. healthŌme is a leading genomics-based, health navigation company based at the HudsonAlpha Institute for Biotechnology in Huntsville, Alabama. healthŌme, in partnership with Hannover Re US, the reinsurer for healthŌme’s new first-of-its-kind, patent pending cancer program, designs, develops and delivers its health management solutions through a network of life and critical insurance carriers. With the acquisition, Kailos... Read More »
Elevate ENT Enters Louisiana with Acquisition of Louisiana Ear, Nose, Throat and Sinus
Elevate ENT Partners, backed by Audax Private Equity, announced on May 30 that it acquired Louisiana Ear, Nose, Throat and Sinus (LENTS). The transaction makes LENTS the first Elevate ENT practice in the state of Louisiana. Financial terms of the deal were not disclosed. LENTS provides patients in the Baton Rouge and surrounding communities with ear, nose and throat (ENT) and sinus treatment. According to the company’s website, there are 14 physicians on staff. With more than 75 otolaryngology centers and 120 physicians, Elevate ENT Partners invests in private ENT and allergy practices across the United States. It provides scalable infrastructure to help practices reach the next... Read More »
Trinity Hunt Partners Announces Majority Investment in Centricity Research
Trinity Hunt Partners announced on May 31 a majority investment in Centricity Research, a leading clinical research services provider specializing in conducting Phase I-IV clinical trials across more than 40 therapeutic areas. With more than 35 locations across the United States and Canada, Centricity has the capabilities and expertise to partner with pharmaceutical sponsors and contract research organizations in the design and execution of clinical trials. The company’s centralized processes, patient recruitment capabilities, integrated technology and dedicated team of clinical research professionals have conducted more than 2,500 studies and more than 100 FDA and Health Canada drug... Read More »
RC Capital Acquires James River Cardiology
Cincinnati-based private equity firm, RC Capital, announced on May 31 that it acquired James River Cardiology. By partnering with James River Cardiology, RC Capital formed Aligned Cardiovascular Partners. Provident Healthcare Partners advised James River Cardiology and Kaufman & Canoles served as the legal counsel, while McDermott Will & Emery LLP served as legal counsel to RC Capital. The financial terms of the deal were not disclosed. James River Cardiology operates out of six locations in the Richmond, Virginia MSA. According to its website, the practice is run by a team of eight physicians and a support staff of nine nurses and physician assistants. Founded in 1994, RC Capital... Read More »
Latticework Capital Management Partners with The Aesthetic Center for Plastic Surgery and ACPS the SurgiCentre
Latticework Capital Management announced on May 26 that it acquired The Aesthetic Center for Plastic Surgery, LLP and ACPS the SurgiCentre PA. Cross Keys Capital acted as the exclusive financial advisor to The Aesthetic Center for Plastic Surgery, LLP and ACPS the SurgiCentre PA. The financial terms were not disclosed. The Aesthetic Center for Plastic Surgery, LLP and ACPS the SurgiCentre PA is a multi-site cosmetic surgery practice and MedSpa. The two practices, which are partnered and work in tandem, provide services that include breast augmentation, body sculpting, liposuction, facial rejuvenation, laser procedures and other procedures. Latticework Capital Management makes control... Read More »Schedule a demo
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