Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40
Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
Devices to Digital: Insights into the Medical Devices and eHealth Markets in Q1:23
The Medical Devices Market: As of May 26, 2023, a total of 46 Medical Device deals have been announced this year, and 28 of those deals were announced during Q1:23. The Q1:23 deal total is comparable to the 27 deals announced during Q1:22, yet an 18% drop from the 56 deals announced between January 1, 2022, and May 26, 2022. M&A activity is also 25% down compared to the 35 Medical Device deals announced during Q1:21, and 6% lower than the 49 deals announced between January 1, 2021, and May 26, 2021. While M&A is down compared to recent Q1’s, considering we just had a few years of unprecedented upheaval, the market is still at a better place than it was before the COVID-19 pandemic.... Read More »
The Physician Medical Groups Market Thrives, Despite Economic Instability
During the first five months of 2023, the Physician Medical Groups (PMG) sector has seen a large amount of M&A activity. There have been 244 PMG transactions reported, so far, which represents a 6% increase from the first five months of 2022. Considering the economic uncertainty currently plaguing investors, this increase is almost surprising. Yet, it was not surprising that the most active specialty was dental, with 80 transactions. Compared to the first five months of 2023, when 63 dental transactions were reported, this year’s 80 transactions is even more impressive. The most active acquirer, in the dental and PMG spaces overall, is MB2 Dental Solutions, a portfolio company of... Read More »
Medtronic Acquires Wearable Insulin Patch Maker EOFlow
Medtronic plc announced on May 25 that it has entered into a set of definitive agreements to acquire EOFlow Co. Ltd. According to data captured in the LevinPro HC database, this represents the 46th Medical Devices transaction of the year. To the extent that all the public shares participate in the tender offer, the total consideration for the acquisition of the shares in EOFlow would be KRW 971 billion, or $738 million USD. EOFlow is a South Korean medical device company founded in 2011 and is headquartered in Seongnam, South Korea, with additional offices in San Jose, California. EOFlow’s flagship product is the EOPatch® device, a wearable insulin patch pump that provides continuous... Read More »
TA Associates Announces Strategic Growth Investment in Alpha II
TA Associates, a Boston-based private equity firm, announced that it has signed a definitive agreement to make a significant growth investment in Alpha II. As part of the transaction, Alpha II’s existing shareholder WestView Capital Partners will reinvest alongside TA Associates to maintain a minority position in the company. Alpha II is a provider of revenue cycle management (RCM) technology solutions to healthcare providers across the care continuum. TA Associates has invested in more than 560 companies around the world and raised more than $48.6 billion in capital since its founding in 1968. It leads buyouts and minority recapitalizations in the technology, financial services,... Read More »
Pyxis Oncology Acquires Apexigen
Pyxis Oncology announced on May 24 that it acquired Apexigen, Inc. for $16 million. Founded in 2010, Apexigen, Inc. is a clinical-stage biopharmaceutical company focused on discovering and developing a new generation of antibody therapeutics for oncology. Pyxis Oncology is building a differentiated portfolio of biologics, including antibody-drug conjugates and immunotherapies. It is funded by the Longwood Fund, a Boston-based venture capital firm. This acquisition was announced nearly a year after Apexigen went public by a merger with Brookline Capital Acquisition Corp. According to data captured in the LevinPro HC database, this acquisition represents the 61st... Read More »
GraceMed Acquires Canadian Dermatology Centre
GraceMed announced on May 23 that it purchased the Canadian Dermatology Centre for an undisclosed price. Canadian Dermatology Centre is a Toronto-based dermatology clinic that also provides plastic surgery services. It was founded by Dr. Renita Ahluwalia and Dr. Quinton Chivers and has a total of eight providers on staff, according to its website. GraceMed is a leading North American-based dermatology and plastic surgery platform. Per its website, GraceMed operates out of 11 locations in Ontario, Canada. The acquisition of the Canadian Dermatology Centre is part of GraceMed’s strategy to expand its presence across North America, providing greater access to care for patients. ... Read More »
NewSpring-Backed Patheous Health Acquires Carolina Speech Pathology
Patheous Health, backed by private equity firm NewSpring Capital, announced on May 24 its acquisition of Carolina Speech Pathology for an undisclosed price. This deal expands the company’s mobile dysphagia imaging and education service to 18 states, according to the press release. This is Patheous Health’s second acquisition since April 2020, when the company acquired MBS Envision, a leading innovator in feeding and swallow health for diagnostics and therapeutics. The deal also marks the 31st Behavioral Health Care deal of 2023, according to data captured in the LevinPro HC database. Since 1996, Carolina Speech Pathology has been providing mobile fiberoptic endoscopic... Read More »
Florence Acquires Virtual Care Provider Zipnosis
New York-based Florence Labs announced on May 24 its acquisition of Minneapolis-based Zipnosis. Zipnosis is a 60-person health tech company that offers a white-labeled virtual care solution that uses asynchronous telemedicine to connect patients with local board-certified physicians. Florence Labs is a health tech company that works with health systems and provider groups to maximize clinical capacity and reduce administrative burden. Florence Labs was founded in 2021 by Aniq Rahman. Through this acquisition, Florence will broaden its product offerings with synchronous and asynchronous virtual care and further their mission to create a consumer-centric interface that engages patients at... Read More »
Mercy Iowa City Acquires OB-GYN Associates of Iowa City & Coralville
Mercy Iowa City announced on May 17 that it acquired OB-GYN Associates of Iowa City & Coralville. According to its website, OB-GYN Associates of Iowa City & Coralville has four physicians and two nurses on staff. It is in Coralville, Iowa. Mercy Iowa City’s medical staff is composed of more than 250 doctors representing all major medical specialties and most subspecialties. Its hospitals have more than 190 acute care beds, 25 outpatient surgery rooms and 23 bed nurseries. Mercy Iowa City’s birthing center has five labor and delivery suites, a dedicated C-section suite and a pediatric hospitalist team. More than 800 babies are born at Mercy Iowa City each year. The staff... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
