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Donaldson Company Purchases Isolere Bio
Donaldson Company, Inc. announced on February 21 that it acquired Durham, North Carolina-based Isolere Bio, Inc. With the addition of Isolere to Donaldson’s portfolio, Donaldson is positioned to create premier separation and filtration solutions for emerging genetic-based drugs. The financial terms of the acquisition were not disclosed. Isolere Bio is an early-stage biotechnology company that develops novel and proprietary IsoTag reagents and accompanying filtration processes used for the purification and streamlined manufacturing of biopharmaceuticals. It was founded in 2017 by Kelli Luginbuhl, Ph.D, Professor Ashutosh Chilkoti and Joe McMahon. Founded in 1915, Donaldson Company is a... Read More »
JLL Capital Markets Announces Sale of Erie, Colorado Medical Office Building
On February 21, JLL Capital Markets announced that it closed on the sale of an Erie, Colorado medical office building (MOB). An undisclosed Arizona-based private real estate company bought the facility. The 8,000-square-foot building was sold by Evergreen Devco, Inc. for $5.65 million. The building is occupied by UCHealth, a not-for-profit healthcare system, and is located on 0.71 acres of land. The price is approximately $706 per square foot. Evergreen Devco, Inc. is a national, fully diversified real estate company specializing in retail, commercial and multifamily development. Its headquarters are in Phoenix, Arizona and it has offices in Denver, Colorado and Salt Lake City, Utah. JLL... Read More »
Behavioral Health Care M&A Activity May Continue to Slide in 2023
Mergers and acquisitions activity in the Behavioral Health Care (BHC) sector declined 14% last year compared to the record level of deals recorded in 2021. One industry expert expects a continuation of that trend. “We expect behavioral health deal volume to slow slightly in 2023,” said Steven Grassa, vice president at Provident Healthcare Partners. “Rising interest rates and tight lending markets will likely impact larger transactions [$300 million and higher] more than most lower middle market deals.” According to data captured in the LevinPro HC database, BHC transactions totaled 108 in 2022 after the total reached 125 in 2021. The numbers were 72 in 2020 and 76 in 2019. Only... Read More »
Modular Devices Partners With Interim Diagnostic Imaging
Modular Devices, a portfolio company of private equity firm O2 Investment Partners, announced on February 16 that it has partnered with Interim Diagnostic Imaging. The addition of Interim Diagnostic Imaging significantly increases Modular Devices’ fleet while providing diversification and improving product offerings. The combined company will offer customers a full range of medical imaging labs including catheterization, cleanroom, PET/CT, MRI and CT. Terms of the deal were not disclosed. Interim Diagnostic Imaging is a provider of mobile CT and MRI medical imaging labs in the U.S. and Canada. The company was founded in 2003 and is headquartered in Plymouth, Minnesota. Founded in 1987,... Read More »
Ivy Rehab for Kids Partners With Sora Therapy
Ivy Rehab for Kids welcomes Sora Therapy to its network. Founded in 2004 and based in Andover, Minnesota, Sora Therapy provides pediatric physical, occupational and speech therapy. Terms of the deal were not disclosed. Ivy Rehab for Kids is an outpatient pediatric rehabilitation provider and part of the Ivy Rehab network. Founded in 2003, Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, 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 marks the seventh Rehabilitation transaction of 2023. This is a significant decrease from the same... Read More »
Spacelabs Healthcare Acquires Predictive Analytics Company PeraHealth
Snoqualmie, Washington-based Spacelabs Healthcare announced on February 16 that it has acquired Charlotte, North Carolina-based PeraHealth. The Spacelabs team will continue the journey that PeraHealth started more than 10 years ago to provide clinicians with a visual dashboard of the patient’s condition in real time, helping them to detect changes before they become life-threatening. Terms of the deal were not disclosed. Founded in 2010, PeraHealth develops predictive enterprise software based on the Rothman Index, a score to quantify patient acuity. PeraHealth’s solutions alert clinicians to patient deterioration, helping to reduce in-hospital mortality, unplanned transfers to the ICU and... Read More »
Avantik Partners With Water Street, Appoints New CEO
Pine Brook, New Jersey-based Avantik has announced a partnership with strategic healthcare investor Water Street Healthcare Partners. Water Street has committed significant capital in addition to its diagnostics experience and network of relationships to advance the next phase of Avantik’s expansion. Working with Water Street, Avantik plans to invest in organic initiatives and acquisitions to expand its portfolio of consumables and equipment and enhance its maintenance and repair services. Avantik and Water Street have appointed Mark Zacur, executive advisor at Water Street, as CEO of Avantik. Terms of the deal were not disclosed. Founded in 1971, Avantik supports anatomic pathology... Read More »
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 »Schedule a demo
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