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Biosynex to Acquire Chembio Diagnostics for $17.2 Million

Biosynex to Acquire Chembio Diagnostics for $17.2 Million

Biosynex SA and Chembio Diagnostics, Inc. have entered into a definitive merger agreement under which Biosynex, through a subsidiary, will acquire Chembio in an all-cash transaction valued at $17.2 million. Ernst & Young LLP is acting as financial advisor and White & Case LLP is serving as legal counsel to Biosynex. Craig-Hallum Capital Group is acting as financial advisor and K&L Gates LLP is serving as legal counsel to Chembio. Chembio Diagnostics is a Medford, New York-based point-of-care diagnostics company focused on infectious diseases, including sexually transmitted infections, respiratory viruses and fever and tropical disease. Chembio’s total revenue for 2021 was... Read More »
Center for Pain Management Acquires Indiana Spine & Pain Institute

Center for Pain Management Acquires Indiana Spine & Pain Institute

Center for Pain Management announced on January 31 that it acquired Indiana Spine & Pain Institute, a three-clinic pain management practice.  Center for Pain Management receives essential management support provided by American Pain Consortium Holdings, LLC (APC). APC supports a growing network of interventional pain management practices and pain-focused ambulatory surgical centers and provides patient-focused support services.  The acquisition of Indiana Spine & Pain Institute reaffirms Center for Pain Managements dedication to providing exceptional, individualized patient care by industry-leading interventional pain physicians. Terms of the deal were not disclosed.... Read More »

Gen4 Dental Partners Makes Its Third Transaction of The Year

Tempe, Arizona-based Gen4 Dental Partners announced its acquisition of Comfort Dental of Clinton for an undisclosed price.  Comfort Dental of Clinton provides dental care in Clinton, Utah. The practice is run by Dr. John Lee Roring and Dr. Trevor Garrett. A portfolio company of the Thurston Group, Gen4 Dental Partners is a dental services organization providing support to providers of dental services. Gen4 has more than 80 locations in 11 states and over 150 dentist partners. This acquisition marks Gen4’s third transaction of the year. In 2022, Gen4 completed eight acquisitions, expanding its presence in Utah, Minnesota, California and Ohio. According to data captured in the... Read More »
Vivo Infusion Announces Acquisition of CIVIC Infusion

Vivo Infusion Announces Acquisition of CIVIC Infusion

Vivo Infusion announced on January 31 it has acquired Wilton, Connecticut-based CIVIC Infusion. Vivo Infusion will now have a combined 36 ambulatory infusion centers across nine states. CIVIC’s co-founders Barry D. Stein, M.D. and Robert M. Roteman, M.D. will join Vivo Infusion as medical directors. Financial terms of the transaction were not disclosed. Founded in 2018, CIVIC Infusion delivers solutions for infusion patients in Connecticut and New York. It offers therapies for acute and chronic conditions in specialties such as allergy/immunology, gastroenterology, neurology and rheumatology. CIVIC’s physicians work with certified infusion nurses to provide medical care to adult and... Read More »
JLL Advises the Sale of Two Cincinnati Medical Office Buildings 

JLL Advises the Sale of Two Cincinnati Medical Office Buildings 

Azora Exan announced on January 30 that it acquired two medical office buildings (MOB) in Cincinnati for $78 million. 90 North Real Estate LLP, a real estate investment manager, was the seller. JLL represented both 90 North Real Estate and Azora Exan in the transaction. JLL also arranged the acquisition loan for Azora. The Offices at Vernon Manor is a seven-story, 156,000-square-foot building that was built in 1924 and renovated in 2011. Offices @ Vernon Place consists of 147,130 square feet and is a four-story building. It was completed in 2017. Both buildings are fully leased by Cincinnati Children’s Hospital. The price is approximately $257 per square foot. Founded in 2013, Azora Exan... Read More »
CardioOne Announces Its First Acquisition

CardioOne Announces Its First Acquisition

CardioOne announced that it acquired Chesapeake Cardiac Care for an undisclosed price, marking its first acquisition in our database.  Chesapeake Cardiac Care provides cardiac care to Bowie, Maryland and the surrounding areas. The practice is run by two providers. CardioOne is a physician-centric partner that enables independent cardiology practices to unlock their full potential. The company was founded in 2022.  According to data captured in the LevinPro HC database, this acquisition represents the 44th Physician Medical Groups transaction of the year, and the second in the cardiology specialty. In January 2022, one cardiology acquisition was... Read More »
Digital Health and Fertility Targeted by Venture Capital

Digital Health and Fertility Targeted by Venture Capital

Venture capital (VC) is playing an increasing role in health care as companies are desperate for the resources, expertise and funding that VC firms provide. According to SVB Financial Group’s annual Healthcare Investments and Exits Report, healthcare venture capital funding totaled nearly $22 billion in 2022, and over the last 24 months, there has been more than $50 billion in newly raised health care funds. This falls short of the $28 billion raised in 2021, which was a record. SVB’s report also noted that while there was a dip in funding in 2022, VC fundraising and investment remained strong throughout the year as there were more healthcare investments than in 2020. Due to public market... Read More »
Charles River Laboratories acquires SAMDI Tech for $50 Million

Charles River Laboratories acquires SAMDI Tech for $50 Million

Charles River Laboratories International, Inc. (NYSE: CRL) announced on January 30 that it acquired SAMDI Tech, Inc. The purchase price was $50 million in cash for 80% ownership. Based in Chicago, Illinois, SAMDI Tech offers a proprietary mass spectrometry (MS) technology for high-throughput analysis of biochemical activities and affinity selection MS for identifying binding interactions.  Charles River Laboratories is a provider of research tools and integrated support services that enable drug discovery and development, including genetically and virally defined purpose-bred lab animals. In 2021, the company reported revenue of $3.54 billion. The combination of Charles River’s... Read More »
Alamitos Eyecare Acquires the Optometrist Practice of Dr. Michael Fanarof

Alamitos Eyecare Acquires the Optometrist Practice of Dr. Michael Fanarof

Alamitos Eyecare has acquired the optometrist practice of Dr. Michael Fanarof. The transaction was Alamitos Eyecare’s fourth acquisition in recent years. Terms of the deal were not disclosed. Dr. Fanarof is now seeing his patients at Alamitos Eyecare’s two-story complex in Los Alamitos, California. Dr. Avani Patel, the owner and chief optometrist at Alamitos Eyecare, began private practice in 1995, opening Alamitos Eyecare in 2003. According to data captured in the LevinPro HC database, this acquisition represents the fifth eye care transaction of 2023. There were 88 eye care deals in 2022. Read More »
Wellness Coaches Acquires Corporate Health Solutions

Wellness Coaches Acquires Corporate Health Solutions

Blue Bell, Pennsylvania-based Wellness Coaches has announced its acquisition of Corporate Health Solutions (CHS) in Jamison, Pennsylvania. Wellness Coaches has acquired all CHS client contracts, personnel, technology and intellectual property to enhance its health and well-being offerings and ensure a seamless transition for CHS customers. CHS’ customers will have access to a wider range of clinical and well-being services from a single provider. Terms of the deal were not disclosed. For more than two decades, CHS has been a provider of healthcare solutions to employers. Offerings include biometric testing, health coaching, health assessments and physician consulting services.... Read More »