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The Oncology Institute Acquires Hematology/Oncology Associates of Miami
The Oncology Institute, Inc. announced its acquisition of Hematology/Oncology Associates of Miami on November 22. This marks The Oncology Institute’s third transaction of the year. The Hematology/Oncology Associates of Miami has one location in Miami, Florida and is run by Dr. Roberto Ochoa. Founded in 2007, The Oncology Institute, also known as The Oncology Institute of Hope and Innovation (TOI), is a value-based oncology services platform. TOI has a network of 93 physicians and advanced practice providers across 55 clinics in five states, with more than 600 employees. TOI became publicly traded via a de-SPAC transaction with DFP Healthcare Acquisition Corp., announced in June 2021.... Read More »
Millstone Medical Outsourcing Acquires MycoScience
Millstone Medical Outsourcing has acquired MycoScience. Headquartered in Willington, Connecticut, MycoScience has more than 30 years of expertise in medical device and pharmaceutical laboratory testing, environmental testing and related regulatory support services. Fall River, Massachusetts-based Millstone Medical Outsourcing is a provider of customized outsourcing solutions to the medical device industry with a client roster of global original equipment manufacturers and emerging-growth companies. Millstone was acquired by private equity firm Arlington Capital Partners in January 2022. MycoScience’s leadership team will remain at the helm. Terms of the deal were not disclosed. According... Read More »
ARCH Medical Acquires Alpha Manufacturing & Design
ARCH Medical Solutions, a platform company of middle-market private equity firm The Jordan Company, announced on November 21 its acquisition of Alpha Manufacturing & Design. The acquisition adds to the depth and breadth of the ARCH Medical portfolio of precision-manufacturing solutions. Terms of the deal were not disclosed. Alpha Manufacturing & Design is a precision contract manufacturer for the orthopedic industry, specializing in highly engineered and complex surgical devices for spine, trauma, large joint and dental applications. ARCH Medical Solutions is a consolidated contract manufacturer for orthopedic and dental implants and instruments, as well as components and... Read More »
Private Equity Targeting Industry Segment That Maintains Strong Performance: Worker Shortage Drives Healthcare Staffing M&A Toward Record High
Acquisitions of healthcare staffing companies in 2022 are approaching last year’s record total as they work to fill positions amid a severe worker shortage that shows no signs of ending. According to the LevinPro HC database, investors and dealmakers have announced 31 healthcare staffing deals this year through November 14. This compares with a record-high 35 transactions in 2021. These totals are in sharp contrast to the 13 deals posted in 2020 and 17 in 2019. As has been the case with other healthcare segments, private equity has targeted the healthcare staffing subsector. So far in 2022, 15 of the 31 (48%) acquisitions have come from private equity firms and/or their portfolio... Read More »
Earnings Takeaways: How Companies Are Evolving to Meet Labor and Inflation Headwinds
It’s been a turbulent earnings season. Although some companies are thriving, inflation, reimbursement changes, labor shortages and other headwinds have hit every organization across the board. Some companies, like American Well Corp (Amwell) (NYSE: AMWL), U.S. Physical Therapy, Inc (USPT) (NYSE: USPH) and Addus HomeCare Corp. (NASDAQ: ADUS), were able to post strong financial and performance results despite the headwinds, while others, like Providence Health & Services (NASDAQ: PRSC), Universal Health Services (NYSE: UHS) and Laboratory Corporation of America Holdings (Labcorp) (NYSE: LH), reported significant losses. We don’t expect these headwinds to disappear anytime soon as... Read More »
SS Innovation Merges With Avra Medical Robotics
SS Innovation has merged with Avra Medical Robotics. Orlando, Florida-based Avra Medical Robotics develops and manufactures surgical devices. It offers surgical robotic systems, surgical tools, implantable devices and surgical robotic training. The company develops a treatment-independent autonomous robotics system to deliver skin resurfacing treatments, such as micro-needling and laser therapies. The company was formerly known as Avra Surgical Microsystems and changed its name to Avra Medical Robotics in November 2015. SS Innovation is an Indian medtech startup founded by Dr. Sudhir Srivastava in 2016. The company aims to provide an advanced, cost-effective surgical robotic system through... Read More »
Cambrex Acquires Snapdragon Chemistry
East Rutherford, New Jersey-based Cambrex Corporation has acquired Snapdragon Chemistry of Waltham, Massachusetts. Snapdragon specializes in active pharmaceutical ingredient (API) batch and continuous flow process development, utilizing automation technology and proprietary equipment to solve complex process and analytical development challenges. Cambrex is a global contract development and manufacturing organization (CDMO) that provides drug substance, drug product and analytical services across the entire drug lifecycle. The transaction is expected to close following the completion of customary regulatory approvals. This will be Cambrex’s second acquisition within a year along with... Read More »
Uniphar Acquires BModesto Group
Uniphar PLC (LON: UPR) announced its acquisition of BModesto Group on November 21 for nearly $52.3 million. Founded in 2014, BModesto Group is a Dutch healthcare services firm. It offers a range of services, including the distribution of medicines, clinical trial services, market authorization holder services and medical device distribution. In 2021, it reported $7,890,498 in revenue (€7.7 million). Uniphar is a pharmaceutical manufacturing and healthcare services organization with offices in Ireland, England and the U.S. The company was founded in 1967 and is based in Dublin, Ireland. In 2021, Uniphar generated revenue of $1,946,977,500 (€1.9 billion), gross profit of $281,287,012... Read More »
MB2 Dental Solutions Acquires Maryland Practice, Celebrates 500th Acquisition
MB2 Dental Solutions announced on November 18 that it completed its 500th partnership with its acquisition of Dr. Pattanashetti, DMD Cosmetic, Implant, & General Dentistry. The practice of Dr. Pattanashetti, DMD Cosmetic, Implant, & General Dentistry is located in Towson, Maryland and is run by one dentist. MB2 Dental Solutions, a portfolio company of middle-market private equity firm Charlesbank Capital Partners since February 2021, partners with dentists and specialists. Founded in 2007, MB2 offers general dentistry services, orthodontics, cosmetic dentistry and oral surgery. This acquisition represents MB2 Dental’s 37th acquisition of the year. The terms of the... Read More »Schedule a demo
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