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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 »
Intelligent Medical Objects Announces the Acquisition of Melax Technologies
Intelligent Medical Objects (IMO) announced that it has acquired Melax Technologies for an undisclosed price. According to data captured in the LevinPro HC database, this acquisition represents the 110th eHealth transaction of the year, and the 18th in the analytics specialty. Melax Technologies is a healthcare data analytics and business intelligence company focused on Natural Language Processing that provides healthcare organizations with actionable insights into clinical and financial performance. The company is trusted by more than 650 healthcare organizations. Founded in 1994, IMO is a healthcare data enablement company that provides clinical terminology management and data quality... Read More »
Hospital Market Status & Review: Spring 2023 Update
As we approach the halfway point of 2023, we thought it’d be worthwhile to examine the state of the hospital M&A market so far. Through mid-May, strategic buyers and investors announced 30 hospital deals, 16 of which were in the first quarter, according to data captured in the LevinPro HC database. Considering the number of mergers already in the letter-of-intent stage, deal activity is on pace to beat the volume from 2022. Health systems and hospitals were battered with headwinds in 2022, such as staffing issues and operating expenses, forcing hospitals to partner with a more extensive system or network. But another challenge has been competing in the outpatient care market, which has... Read More »
Bavarian Nordic Closes Acquisition of Emergent BioSolutions’ Travel Health Business
Gaithersburg, Maryland-based Emergent BioSolutions Inc., a specialty biopharmaceutical company, announced that it closed on the sale of its portfolio of travel vaccines to Bavarian Nordic. The transaction was initially announced on February 15, 2023. The portfolio includes Vivotif and Vaxchora, which prevent typhoid fever and cholera, respectively. Emergent BioSolutions is also selling a Phase III vaccine candidate for the prevention of Chikungunya virus. Emergent received $270 million and may receive up to an additional $110 million in potential future milestone payments. Wells Fargo Securities, LLC served as financial advisor, and Barnes & Thornburg LLP served as legal counsel... Read More »
Amulet Capital Partners acquires Alliance Clinical Network
Amulet Capital Partners announced on May 22 its acquisition of Alliance Clinical Network (ACN) for an undisclosed price. According to data captured in the LevinPro HC database, this acquisition marks the 11th clinical trials transaction of the year. Headquartered in Dallas, Texas, ACN is a comprehensive clinical site platform. ACN currently owns and operates six clinical research sites serving patients, leading pharmaceutical sponsors and contract research organizations across three states (California, Nevada and Texas). With a focus on Phase II and Phase III general medicine trials and a demonstrated expertise in enrolling diverse patient populations, ACN services a range of clinical... Read More »
Latus Health Acquires Two U.K.-Based Occupational Health Providers
Latus Health recently announced the acquisition of ELAS Occupational Health and The Industrial Diagnostics Company (IDC) from Citation Group. According to data captured in the LevinPro HC database, this represents the 12th occupational health deal of 2023. ELAS’ expertise in health surveillance directly complements Latus’ solutions to ensure its current and future customer base has access to a truly holistic solution for all their occupational health needs. ELAS Occupational Health specializes in providing occupational health, employee well-being and health surveillance services to businesses across the United Kingdom. Established in 1994, IDC provides a full remit of occupational health... Read More »
NexPoint Acquires Two Life Science Properties
NexPoint announced that it acquired two life science properties in Philadelphia from Frontida BioPharm, LLC for an undisclosed price. The properties were indirectly acquired by NexPoint Life Sciences II DST, a Delaware statutory trust seeking to raise $42 million in equity from accredited investors via a private placement offering. The two properties include nearly 18 acres of land and more than 250,000 square feet of interior space. The first property comprises R&D, production, and warehouse facilities capable of producing three billion tablets and capsules annually. The second property features distribution facilities and packaging capacity for four billion tablets and capsules... Read More »Schedule a demo
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