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Bausch + Lomb Acquires AcuFocus
Bausch + Lomb Corporation, a subsidiary of Bausch Health, and AcuFocus, Inc. announced on January 17 that an affiliate of Bausch + Lomb has acquired AcuFocus, pursuant to a merger transaction with the parent company of AcuFocus. BofA Securities served as exclusive financial advisor to AcuFocus. Norton Rose Fulbright served as legal advisor to Bausch + Lomb, and Latham & Watkins LLP served as legal advisor to AcuFocus. Financial terms of the deal were not disclosed. AcuFocus is a privately held ophthalmic medical device company based in Irvine, California. AcuFocus has delivered breakthrough small aperture intraocular technology to address the diverse unmet needs in eye care, including... Read More »
Ingenovis Health Acquires Springboard Healthcare Staffing & Education
Ingenovis Health has acquired Springboard Healthcare Staffing & Education. Citizens M&A Advisory served as the exclusive financial advisor to Springboard Healthcare Staffing & Education. Terms of the deal were not disclosed. Founded in 2002, Phoenix-based Springboard Healthcare is a healthcare staffing and education company specializing in cardiovascular medicine. Founded in 2021, Cincinnati-based Ingenovis Health, backed by private investment firms Cornell Capital and Trilantic North America, is a tech-enabled platform for healthcare staffing. According to data captured from the LevinPro HC database, this transaction represents the second healthcare staffing transaction... Read More »
LifeFlow Partners Acquires Colorado Cardiovascular Surgical Associates, Oregon Vascular Specialists
LifeFlow Partners has acquired Colorado Cardiovascular Surgical Associates and Oregon Vascular Specialists. Terms of the deal were not disclosed. Colorado Cardiovascular Surgical Associates (CCVSA) serves patients in Denver, Lone Tree, Englewood and Lakewood, Colorado. As cardiothoracic and vascular surgeons, CCVSA offers surgical treatment options, comprehensive care and 24-hour availability. Oregon Vascular Specialists is located in Bend, Redmond, Klamath Falls and Burns, Oregon. Dr. Wayne Nelson and Dr. Jason Jundt created Oregon Vascular Specialists to serve patients in central and southern Oregon. LifeFlow Partners is a physician-owned, physician-led management services organization... Read More »
Shockwave Medical Acquires Neovasc in $100 Million Deal
Shockwave Medical, Inc. has acquired Neovasc Inc. in a deal valued at approximately $100 million. Richmond, British Columbia-based Neovasc’s shareholders will also receive a potential deferred payment in the form of a non-tradable contingent value right entitling the holder to receive up to an additional $12 per share in cash if certain regulatory milestones are achieved. The transaction will be implemented by way of a court-approved plan of arrangement pursuant to the Canada Business Corporations Act, and is subject to customary closing conditions, including requisite Neovasc shareholder approval. Shockwave expects to complete the transaction in the first half of 2023. Neovasc is a... Read More »
The Stepping Stones Group Announces Its First Acquisition of 2023
The Stepping Stones Group, based in Lafayette, Colorado, announced its purchase of Catalyst Speech Language Pathology. Catalyst Speech Language Pathology is a provider of school-based, speech-language pathology services in the greater Los Angeles area. It provides services to more than 20 schools. The Stepping Stones Group, a portfolio company of Five Arrows Capital Partners, provides therapy and behavioral health services to children in the K-12 educational setting. Stepping Stones serves more than 1,000 clients and 300,000 children across 42 states each year. Catalyst Speech will continue to operate and market itself as a standalone entity. Financial terms of the transaction were... Read More »
Private Equity Leads Physician Medical Group M&A Activity in 2022
According to data captured in the LevinPro HC database, 2022 was a historic year for the Physician Medical Groups (PMG) sector with 607 deals, an approximate 33% increase from 2021 when 457 PMG transactions were announced. Private equity firms, and/or their portfolio companies, dominated the PMG sector, accounting for 423 of the transactions last year, or approximately 70%. The most active subsectors were dental with 226 deals (37% of the transaction total), eye care with 87 transactions (14%) and orthopedic with 35 deals (6%). From the previous year, dental increased 151% from 90 transactions, eye care decreased 11% from 98 deals and orthopedic increased 25% from 28... Read More »
Amid Headwinds and Competition, Health Systems Look to New Markets in 2023
Hospitals and health systems have a complicated path ahead of them in 2023. Headwinds such as inflation, labor issues and operational costs have hit the industry hard, and M&A activity over the past two years has stagnated. Preliminary numbers from 2022 show that transaction volume remained level with 2021 numbers, with 65 and 64 announced mergers, respectively. Spending values were also remarkably unchanged year over year, based on disclosed prices. Spending in 2022 reached $9.2 billion, a small 7% decline compared with totals in 2021, which hit $9.87 billion. For context, in 2020, transaction volume climbed to 79 deals, and in 2019, it soared to 100 deals. COVID-19 is an obvious... Read More »
Southeast Primary Care Partners Acquires Ladiga Medical
Southeast Primary Care Partners has acquired Ladiga Medical, LLC, which will continue to serve patients under Ladiga Family Medicine. Terms of the deal were not disclosed. Ladiga Medical has been operating in Jacksonville, Alabama, since 2004. The practice serves the residents of the Piedmont region. Southeast Primary Care Partners is a primary care-focused management services organization. According to data captured in the LevinPro HC database, this marks the 15th Physician Medical Groups (PMG) deal of 2023. There were 608 PMG transactions reported in 2022. Read More »
Sentara Healthcare Acquires AvMed Health Plan
Sentara Healthcare, a Norfolk, Virginia-based nonprofit healthcare system, has acquired nonprofit health plan AvMed for an undisclosed price. AvMed is based in Miami with regional offices in Fort Lauderdale and Gainesville, Florida. It has more than 200,000 health plan members and nearly 500 employees. More than 35,000 health care providers are in its network. Sentara Healthcare operates more than 100 sites of care, including 12 hospitals, four medical groups and multiple imaging centers throughout Virginia and northeastern North Carolina. The company’s Sentara Health Plans division has more than 1.2 million members. According to data captured in the LevinPro HC database, this marks... Read More »Schedule a demo
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