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Bavarian Nordic Acquires Emergent BioSolutions’ Travel Health Business for up to $380 Million
Bavarian Nordic has acquired Emergent BioSolutions’ travel health business for up to $380 million. Upon closing of the transaction, Bavarian Nordic will pay Emergent $270 million in upfront cash consideration. Bavarian Nordic will also pay Emergent up to $30 million in sales-based milestones associated with commercial products and up to $80 million in development-based milestones associated with the CHIKV VLP program. Bavarian Nordic will acquire Emergent’s manufacturing site in Bern, Switzerland, and development facilities in San Diego, California. Approximately 280 Emergent employees are expected to join Bavarian Nordic as part of the transaction that is expected to close in... Read More »
Waud Capital-Backed Ivy Rehab Acquires Excel Physical Therapy
Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, announced its acquisition of Excel Physical Therapy, which provides care to patients in 24 clinics throughout New Jersey. This marks Ivy Rehab’s first transaction of 2023. The partnership with Excel Physical Therapy brings an additional 24 clinics to Ivy Rehab’s more than 100 New Jersey locations. Terms of the deal were not disclosed. Founded in 2003, Ivy Rehab is a network of outpatient physical, occupational and speech therapy and ABA clinics throughout the U.S. According to data captured in the LevinPro HC database, this acquisition marks the sixth Rehabilitation transaction of 2023.... Read More »
Prosperity Behavioral Health Acquires Elevated Billing
Prosperity Behavioral Health announced on February 14 that it has acquired Elevated Billing, a South Jordan, Utah-based revenue cycle management (RCM) company that serves behavioral health facilities. The acquisition will create new market opportunities and expand Prosperity’s service offerings. Terms of the deal were not disclosed. Prosperity Behavioral Health is a national provider of financial solutions for behavioral health facilities. Prosperity’s suite of financial services includes RCM, financial analysis and reporting, corporate strategy and back-office operations. Private equity firm NewSpring Capital invested in Prosperity in 2022. According to data captured in the LevinPro HC... Read More »
Insulet Pays $25 Million for Assets of Bigfoot Biomedical’s Insulin Delivery Technologies
Insulet Corporation paid $25 million for assets related to Bigfoot Biomedical’s pump-based automated insulin delivery technologies. The acquisition includes certain Bigfoot patents related to pumps that may be used for automated insulin delivery therapy. Bigfoot Biomedical is a leader in developing intelligent connected injection support systems. Insulet is a medical device company dedicated to simplifying life for people with diabetes and other conditions through its Omnipod product platform. According to data captured in the LevinPro HC database, this acquisition represents the second remote patient monitoring (RPM) deal of 2023. There were 15 RPM transactions in... Read More »
The Managed Care Earnings Round-Up
Some of the largest Managed Care providers in the world have announced their earnings for 2022, and the results are looking promising for the Managed Care space. Humana Inc., Centene Corporation and Cigna Corp. all achieved positive operating and financial results for 2022, with some even surpassing their expectations for the year. However, M&A within the Managed Care sector slowed in 2022, with just 43 transactions announced, a 10.4% decrease from 2021 when 48 deals were announced. This decline is the result of a shift in these company’s growth strategy as they focus on cleaning up their portfolios through divestments. Humana Inc. (NYSE:HUM) Humana reported strong operating and... Read More »
Spire Orthopedic Partners Acquires Practice in New York’s Hudson Valley
Spire Orthopedic Partners has acquired Orthopedic Associates of Dutchess County and The Surgery Center at Orthopedic Associates. Terms of the deal were not disclosed. Founded in 1975, Orthopedic Associates of Dutchess County has 24 subspecialty-trained physicians practicing across five locations and an ambulatory surgery center (The Surgery Center at Orthopedic Associates). The facilities are in the Hudson Valley locations of Poughkeepsie, Kingston, New Windsor, East Fishkill and Rhinebeck, New York. Spire Orthopedic Partners, a portfolio company of Kohlberg & Company LLC, is a national partnership of orthopedic practices providing the support, capital and operational resources... Read More »
Consonance Capital Partners Acquires Embark Behavioral Health
Consonance Capital Partners has acquired Embark Behavioral Health, which plans to open 60 additional outpatient clinics in the next three years. Embark Behavioral Health retained Jefferies LLC to aid in the sale. Terms of the deal were not disclosed. Embark Behavioral Health operates a network of treatment and therapy programs across the U.S. The company treats patients struggling with anxiety, depression and other mental health conditions. It also offers services treating eating disorders and substance use issues. Embark Behavioral Health operates 27 programs across 40 locations in 15 states. Consonance Capital Partners invests in private companies in the lower middle market of the U.S.... Read More »
United Musculoskeletal Partners Acquires All-Star Orthopaedics, OrthoTexas
United Musculoskeletal Partners (UMP) has acquired All-Star Orthopaedics and OrthoTexas Physicians and Surgeons, PLLC. The two practices bring UMP to 223 physicians and 372 providers across Texas, Georgia and Colorado. Terms of the deal were not disclosed. For more than 25 years, All-Star Orthopaedics has provided care to patients in the Dallas-Fort Worth area. It has four locations. With locations in Carrollton, Frisco, Plano and Denton, Texas, OrthoTexas’ 13 physicians and surgeons are focused on delivering care for the full spectrum of musculoskeletal injuries and conditions. It has five clinic locations and one surgery center. UMP was formed in December 2021 by Resurgens... Read More »
Venture Capital Firm CerraCap Ventures Acquires Predicta Med
CerraCap Ventures announced on February 10 an investment in Predicta Med. Terms of the deal were not disclosed. Headquartered in Tel Aviv, Israel, Predicta Med is an AI-based digital health company in the field of predictive analytics. The company helps medical clinics and institutions identify immune-related diseases. CerraCap Ventures is a Costa Mesa, California-based venture capital firm dedicated to early-stage technology investments in enterprise B2B solutions, including cybersecurity and health care. According to data captured in the LevinPro HC database, this acquisition represents the 16th Laboratories, MRI and Dialysis transaction of 2023 and the ninth in the diagnostics... Read More »Schedule a demo
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