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Spectrum Solutions Acquires Alimetrix, Inc. and Microarrays, Inc.
Spectrum Solutions, backed by private equity firm DW Healthcare Partners, announced on March 7 its acquisitions of Alimetrix, Inc. and Microarrays, Inc., both of which are based in Huntsville, Alabama. These assets, combined with Spectrum Solutions core competencies of providing industry leading contract manufacturing services and unique biospecimen collection devices, results in a portfolio of products and services that accelerates Spectrum’s go-to-market strategies and enhances the overall patient testing experience whether in a clinical setting or at home. Terms of the deal were not disclosed. Alimetrix, Inc. is a CLIA and CAP accredited molecular diagnostic laboratory skilled at custom... Read More »
Transcarent to Acquire On-Demand Primary Care Company 98point6
Transcarent announced its plans to acquire 98point6. According to data captured in the LevinPro HC database, this acquisition represents the 49th eHealth transaction of 2023, seven of them in the telehealth specialty. Founded in 2015, 98point6 is an AI-powered, digital primary care service that provides personalized consultation, diagnosis and treatment to patients. The transaction is expected to close March 31, 2023, after which 98point6 will continue to develop technology solutions and focus its efforts on licensing its 98point6 technology platform software to third-party health care providers. Transcarent’s acquisition of 98point6’s technology and the ability to closely partner with an... Read More »
Medicare Advantage Fuels Vertical Consolidation
Gauging the Managed Care sector is a nuanced affair. On one hand, the M&A market, especially in the last few years, has been relatively subdued, at least in terms of the raw numbers. In 2022, investors announced 44 transactions in the Managed Care sector, a minor slowdown compared with the 48 deals announced in 2021. Like other sectors, the market was hit with some headwinds. “Health insurance providers and HMOs have to deal with industry challenges like other providers,” said Bruce D. Platt, Partner at Akerman, a full-service national law firm. With a background in healthcare and medical technology, Mr. Platt helps insurers, providers and related companies navigate federal and state... Read More »
MB2 Dental Solutions Acquires Three Dental Practices
MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners, announced on March 6 that it acquired three dental practices, marking the 26th dental transaction of the year. MB2 Dental Solutions partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery. Operating in both Maitland and Winter Park, Florida, McIntosh Orthodontics is run by Dr. David McIntosh. The practice offers high-quality eye care. Providing pediatric and general dental services out of one location in Pittsford, New York, Pittsford Family Dental is run by seven doctors. Operating out... Read More »
Advanced Plastic Surgery Center Joins Advanced Medaesthetic Partners
Advanced Medaesthetic Partners (AMP) announced on March 6 its newest strategic investment in Advanced Plastic Surgery Center. Advanced Plastic Surgery Center is the most recent aesthetic practice to join AMP’s rapidly growing family. With this addition, AMP continues to be the premier platform for aesthetics practice owners looking to grow. Terms of the deal were not disclosed. Advanced Plastic Surgery Center is led by the world-renowned double-board certified plastic surgeon Michael Fiorillo, MD. Advanced Plastic Surgery Center treats patients with the most sophisticated technology at its two locations in the New York City MSA. AMP is a platform of aesthetic practices throughout the... Read More »
ARCH Medical Solutions Acquires Bettanini’s Custom Manufacturing
ARCH Medical Solutions Corp., a platform company of The Jordan Company, announced on March 6 that it acquired Bettanini’s Custom Manufacturing, located in Sonora, California. Bettanini’s Custom Manufacturing is a contract manufacturer of precision-machined components for the surgical robotics, defense, aerospace and specialized components markets. Bettanini’s Custom Manufacturing will join ARCH Medical Solutions, bolstering ARCH as a diversified supplier noted for growth and scale within the medical device contract manufacturing market. The acquired business features expertise that aligns well with ARCH Medical Solutions’ Sonora-based facility and will be integrated... Read More »
VillageMD Acquires Starling Physicians
VillageMD, a subsidiary of Walgreens, announced on March 3 that it acquired Starling Physicians, a multi-specialty physician group based in Connecticut. Cain Brothers acted as an exclusive financial advisor to Starling Physicians. The financial terms were not disclosed. Starling Physicians provides a range of primary care services out of its 34 Connecticut locations. It is run by more than 50 physicians that is supplemented by a support staff of more than 50 employees. VillageMD provides tools, technology, operations and staffing support for physician groups, independent practice associations and health systems. VillageMD, through its subsidiary Village Medical, is a national... Read More »
agilon health Acquires mphrX in $45 Million Deal
agilon health has acquired mphrX with a $45 million investment. Management does not anticipate mphrX will have a meaningful impact on agilon’s adjusted EBITDA in 2023. Macquarie Capital Partners, LLC served as exclusive financial advisor to mphrX. mphrX created the Minerva Healthcare Data Platform, which uses FHIR-based standards to help organizations aggregate, access and store data across healthcare delivery networks. agilon health provides the technology, people, capital, process and access to a peer network of more than 2,200 primary care physicians that allow physician groups to maintain their independence. According to data captured in the LevinPro HC database, this transaction marks... Read More »
