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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 »
Globus Medical Merges With NuVasive in $3.1 Billion Deal
Globus Medical has announced its merger with San Diego-based NuVasive, Inc. in an all-stock deal valued at $3.1 billion. Following the close of the transaction, Globus Medical shareholders will own about 72% of the combined company and NuVasive shareholders will own the remaining 28%. NuVasive will allow Globus to support more patients and expand its commercial reach in the $50 billion global musculoskeletal market. The combined company will have an 11-member board composed of all eight directors from Globus Medical’s board and three directors from NuVasive’s board. The deal is expected to be completed by mid-2023. NuVasive is a medical device company based in San Diego. The... Read More »
India’s MediBuddy Acquires vHealth From Aetna
MediBuddy has acquired Dehli, India-based vHealth from Aetna Inc. Over the next six months, vHealth will transition to be rebranded as MediBuddy vHealth. Terms of the deal were not disclosed. vHealth is the India-based health business of Aetna Inc., a CVS Health company. vHealth offers subscription-based primary healthcare services such as telehealth consultations, an outpatient network, pharmacy, diagnostics and dental as well as other benefits. Bangalore, India-based MediBuddy is a healthtech platform that was founded in 2013 by Satish Kannan and Enbasekar Dinadayalane. It has a network of 2,500 pharmacies, 3,000 diagnostic centers, 7,000 hospitals and 90,000 doctors in several Indian... Read More »
Abbott Acquires Cardiovascular Systems for $890 Million
Abbott is expanding its cardiovascular device portfolio with its acquisition of Cardiovascular Systems. Under terms of the agreement, Cardiovascular Systems’ stockholders will receive $20 per common share at a total expected equity value of approximately $890 million. J.P. Morgan Securities LLC served as the financial advisor to Cardiovascular Systems. The transaction is expected to be neutral to Abbott’s 2023 ongoing earnings per share guidance. Cardiovascular Systems is a medical device company focused on the development and commercialization of solutions for treating complex peripheral vascular disease and coronary artery disease. Abbott manufactures and sells healthcare... Read More »Schedule a demo
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