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Ivy Fertility Acquires Virginia Fertility & IVF
Ivy Fertility, a portfolio company of New York-based private equity firm InTandem Capital Partners, announced on April 17 that it acquired Virginia Fertility & IVF. Virginia Fertility & IVF is a Charlottesville, Virginia-based reproductive health, infertility and IVF practice led by Christopher Williams, M.D., Laura Smith, M.D. and Linnea Goodman, M.D. FACOG. The practice’s physicians have faculty appointments at the University of Virginia and residents train onsite at Virginia Fertility & IVF. Ivy Fertility is recognized as pioneers and innovators in the field of advanced reproductive technologies, in vitro fertilization, third-party reproduction, andrology and... Read More »
Merck Acquires Prometheus Biosciences for $10.8 Billion
Merck & Co., Inc. announced on April 17 that it will acquire, through a subsidiary, Prometheus Biosciences for $200.00 per share for a total equity value of approximately $10.8 billion. The transaction is expected to close in the third quarter of 2023. Morgan Stanley & Co. LLC acted as financial advisor to Merck and Paul, Weiss, Rifkind, Wharton & Garrison LLP as its legal advisors. Centerview Partners LLC and Goldman Sachs acted as financial advisors to Prometheus and Latham & Watkins LLP as the company’s legal advisor. Prometheus Biosciences is a clinical-stage biotechnology company pioneering a precision medicine approach for the discovery, development and... Read More »
Newmark Facilitates Recapitalization of Boston Life Sciences Building
Newmark has arranged the recapitalization of 15 Necco Street, a 345,995-square-foot Class A life science asset currently being developed in the Seaport District of Boston. Newmark represented the partial interest seller, an Alexandria Real Estate Equities, Inc. affiliate and National Development, and procured the partial interest buyer, Mori Trust Co., Ltd.’s U.S. subsidiary, MORI America LLC. The recapitalization is the largest single-building life science transaction in the United States year-to-date and Mori Trust’s first life science transaction in the United States, according to data from Irving Levin Associates, LLC. The laboratory/office component of 15 Necco Street will be fully... Read More »
Verisma and ScanSTAT Announce Merger
Verisma Systems, a portfolio company of private equity firm NewSpring Capital, and ScanSTAT announced a merger of the two companies, creating a new market leader in Release of Information (ROI). NewSpring Healthcare, NewSpring’s healthcare strategy and an existing investor in Verisma, provided funding to facilitate the transaction. Guggenheim Securities, LLC acted as exclusive financial advisor to ScanSTAT. Financial terms of the deal were not disclosed. ScanSTAT Technologies is a medical records release and disclosure management company. ScanSTAT specializes in ROI solutions for physician groups, ambulatory services, health systems and hospitals with expanded health information management... Read More »
Main Street Therapy Partners Adds Sternen Physical Therapy Clinic in Beachwood, Ohio
Main Street Therapy Partners has announced its recent acquisition of Beachwood, Ohio-based Sternen Physical Therapy, as well as its brand, Cleveland BodyWise. With Main Street Therapy Partners’ support, the Beachwood clinic will continue to operate under its current name and brand, while benefiting from Main Street Therapy Partners’ industry experience and operational, clinical and administrative resources. This acquisition solidifies Main Street Therapy Partners’ commitment to expanding its footprint and providing care to patients across the country. Financial terms of the deal were not disclosed. Founded in 1998, Sternen Physical Therapy’s team specializes in general orthopedic... Read More »
Rising Medical Solutions Announces Acquisition of Preferred Disability Management
Rising Medical Solutions announced on April 12 the acquisition of Preferred Disability Management (PDM), a regional case management company headquartered in Carmel, Indiana. PDM’s services supplement Rising’s own portfolio and include telephonic, field-base and catastrophic case management services as well as medical record analysis, physician peer reviews, triage services, independent medical evaluations, life care planning, medical cost projections for setting reserves and return to work assessments. With the acquisition of PDM, Rising reinforces its delivery of full-service managed care solutions to the national marketplace while deepening its Midwest presence. Financial... Read More »
Alpine Investors Acquires RCM Provider Medusind
Private equity firm Alpine Investors has acquired Medusind, a leading provider of technology solutions and revenue cycle management (RCM) services to physicians and clients in the healthcare industry. Monroe Capital LLC acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition. Founded in 2002 and based in Miami, Florida, Medusind provides expertise and RCM solutions to dental, anesthesia, pathology, emergency, surgery, radiology and other specialties. Alpine Investors has raised more than $900 million of committed capital and invested in more than 50 companies since its launch in 2001. According to data captured in the... Read More »
National Partners in Healthcare Acquires Medstream Anesthesia
National Partners in Healthcare (NPH) announced on April 12 that it has expanded into 12 states with the acquisition of Medstream Anesthesia. Medstream Anesthesia is run by more than 700 providers. McGuireWoods LLP provided legal counsel to National Partners in Healthcare. SVB Securities served as exclusive financial advisor and Hall Render Killian Heath & Lyman PC served as legal advisor to Medstream Anesthesia. Founded in 2018, NPH partners with anesthesiologists and CRNAs providing long-term sustainable solutions for their medical practices. NPH is a joint venture between Archimedes Health Investors LLC and Assured Healthcare Partners. This transaction adds more than 700 providers... Read More »
Advanced Reconstructive Surgery Alliance Acquires CimiSurgical
Advanced Reconstructive Surgery Alliance (ARSA) announced its acquisition of CimiSurgical on April 10, marking the 156th Physician Medical Groups transaction of the year. CimiSurgical provides plastic and reconstructive surgery to the Maywood and Ridgewood areas of New Jersey. It is run by four providers. Based in Red Bank, New Jersey, ARSA is an alliance of more than 50 plastic and reconstructive surgeons. CimiSurgical is the second practice to join ARSA in 2023, following the January acquisition of Plastic, Reconstructive & Microsurgical Associates. With the addition of CimiSurgical, ARSA adds a premier partner in New Jersey and further expands its footprint in the northeast... Read More »Schedule a demo
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