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Merck Acquires Imago BioSciences for $1.35 Billion
Merck & Co., Inc. has entered into a definitive agreement under which Merck, through a subsidiary, will acquire Imago BioSciences, Inc. for $36.00 per share in cash for an approximate total equity value of $1.35 billion. The transaction is expected to close in the first quarter of 2023. Morgan Stanley & Co. LLC is acting as financial advisor to Merck in this transaction and Gibson, Dunn & Crutcher LLP as its legal advisors. Centerview Partners is acting as financial advisor to Imago and Latham & Watkins LLP as its legal advisors. Imago BioSciences is a clinical stage biopharmaceutical company developing medicines for the treatment of myeloproliferative neoplasms and other... Read More »
Gundersen Health System, Bellin Health to Merge
After six months of negotiations, two Wisconsin-based health systems, Gundersen Health System and Bellin Health, have announced a merger agreement and expect to combine operations by December 1. The merger will create one of the largest health systems in the Midwest. Bellin Health is an integrated healthcare delivery system established in 1908 and based in Green Bay, Wisconsin. It has more than 5,000 employees and offers services in cardiac, orthopedics, sports medicine, digestive health, mental health and primary care medicine. It comprises Bellin Hospital (167 beds), Bellin Psychiatric Center, 29 Bellin Health primary and specialty care physician clinics and retail health clinics known... Read More »
Reverie Mind Acquires Arizona Ketamine Treatment and Research Institute
Reverie Mind has acquired the Arizona Ketamine Treatment and Research Institute. Located in the Arizona State University Research Park in Tempe, Arizona, Ketamine Treatment and Research Institute (AKTARI) provides ketamine treatment for depression, bipolar disorder, OCD, anxiety, PTSD, panic disorder, alcohol abuse and opiate addiction. Reverie Mind, also based in Tempe, Arizona, is a psychedelic clinic and research organization for mental wellness services and coordinated clinical trials. Reverie’s clinics are designed to provide qualified individuals access to plant-based therapies, special access programs, traditional therapy options and clinical trials focused on psychedelic... Read More »
Beyond Podiatry Acquires Cincinnati Foot & Ankle Care
Beyond Podiatry, a portfolio company of private equity firm Albaron Partners, LP., has acquired Cincinnati Foot & Ankle Care. Founded in 1998, Cincinnati Foot & Ankle Care is a podiatry practice of foot and ankle surgeons committed to providing care for all types of foot and ankle injuries and conditions. Cincinnati Foot & Ankle Care has 19 foot and ankle surgeons providing care at 18 locations across southwest Ohio. Clinton Township, Michigan-based Beyond Podiatry is one of the largest podiatry practice management organizations in the Midwest. Terms of the transaction were not disclosed. According to the LevinPro HC database, this was the 17th podiatry practice transaction of... Read More »
Sonrava Health Acquires Two Las Vegas Dental Practices
Sonrava Health has acquired Sahara Dental Center and Las Vegas Smile Center. Sahara Dental Center and Las Vegas Smile Center have been serving the Las Vegas area for more than 15 years with specialized teams focused on general dentistry, orthodontics and reconstructive dental care. Sonrava Health, through its affiliates, is a dental support organization supporting care for approximately 4 million patient visits annually in more than 582 affiliated offices across 20 states. Terms of the transaction were not disclosed. According to the LevinPro HC database, this was the 182nd dental practice transaction of 2022. This compares to 79 dental practice deals reported between January 1,... Read More »
Kain Capital Announces Formation of New Hospice Holding Company and Its First Acquisition
Kain Capital LLC, a New York-based private equity firm, announced on November 18th both the formation of a new holding company for hospice investments, PERA Holdings, and the completion of the new platform’s acquisition of a majority stake in Hospice Care of America (HCA). The HCA acquisition marks PERA Holdings’ first acquisition. Terms of the deal were not disclosed. Founded in 2004 and headquartered in Kansas City, HCA offers quality hospice services and has operations in Oklahoma, Kansas, Missouri and Colorado. HCA also operates Colorado Palliative & Hospice Care, Missouri Palliative & Hospice Care, Kansas Palliative & Hospice Care and Oklahoma Palliative &... Read More »
Montecito Medical Acquires Lynchburg, Virginia Women’s Health MOB
Montecito Medical has completed the acquisition of a women’s health medical office building (MOB) in Lynchburg, Virginia. The property, which offers 21,657 square feet, is 100% occupied under a long-term lease by Women’s Health of Central Virginia. The acquisition continues the expansion of Montecito’s footprint in central Virginia. Dana Hamric, CEO of Hamric Capital, arranged the transaction and served as the exclusive financial advisor to the seller, Women’s Health of Central Virginia. Terms of the deal were not disclosed. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since 2006, it has completed transactions across the U.S.... Read More »
Apex Physics Partners Acquires Fusion Physics, Radiation Physics & Engineering
Apex Physics Partners has acquired Fusion Physics, LLC and Radiation Physics & Engineering, Inc. Based in Valrico, Florida, Fusion Physics is a provider of diagnostic medical physics consulting services. Headquartered in Gilbert, Arizona, Radiation Physics & Engineering offers diagnostic medical physics services to healthcare and environmental companies across Arizona, New Mexico and the Southwest. Apex Physics Partners, a portfolio company of Blue Sea Capital, is a medical physics business services support organization. Partner physics practices receive an array of support services including client services, information technology and data analytics. Terms of the deal were not... Read More »
