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Therapy Brands Acquires EHR Provider The Echo Group

Therapy Brands Acquires EHR Provider The Echo Group

Birmingham, Alabama-based Therapy Brands, a leading healthcare IT partner for mental, behavioral and rehabilitative therapy practices, announced on November 28 its acquisition of Conway, New Hampshire-based The Echo Group. This acquisition will allow Therapy Brands to expand its capabilities and offer complimentary solutions to its growing product portfolio. Terms of the deal were not disclosed. Since 1981, The Echo Group has partnered with behavioral health agencies across the country by providing electronic health record (EHR) services specific to the needs of behavioral health agencies. The Echo Group created EchoVantage EHR, a visual-based EHR for behavioral health. Therapy Brands... Read More »
CAIRE Acquires MGC Diagnostics Holdings

CAIRE Acquires MGC Diagnostics Holdings

Ball Ground, Georgia-based CAIRE Inc. has acquired MGC Diagnostics Holdings, Inc. MGC designs, develops, manufactures and markets non-invasive cardiorespiratory diagnostic systems, accessories and consumables for the detection, classification and management of cardiorespiratory disease. In addition to its St. Paul, Minnesota, headquarters, MGC has facilities in Belgium, Germany, France and Australia with more than 200 employees. Global oxygen equipment manufacturer CAIRE is a leader in pioneering technologies and market solutions in support of industrial applications to benefit commercial enterprises. According to the LevinPro HC database, this represents the 107th Medical Devices... Read More »
Cushman & Wakefield Arranged the Sale of New Jersey Medical Office Building Portfolio

Cushman & Wakefield Arranged the Sale of New Jersey Medical Office Building Portfolio

Cushman & Wakefield on November 28 announced that it arranged the sale of a medical office building portfolio in Wayne, New Jersey, that sold for $22.25 million. Cushman & Wakefield represented the seller Chopp Holdings. The buyer was undisclosed.  Oak Hill Park is a Class A medical and office park totaling 122,600 square feet across two buildings. The property is 95% leased to more than 30 tenants, with a 42% medical tenant base. Medical practices include pediatrics, foot and ankle specialists, neurology, spine orthopedics, dentistry, plastic surgery and more. The price was $181 per square foot. According to the LevinPro HC database, this acquisition marks the 193rd medical... Read More »
Cardiovascular Associates of America Acquires Georgia-Based Heart and Vascular Care

Cardiovascular Associates of America Acquires Georgia-Based Heart and Vascular Care

Cardiovascular Associates of America has acquired Cumming, Georgia-based Heart and Vascular Care, which was founded more than 15 years ago and operates from nine locations across metro Atlanta and north Georgia. Heart and Vascular Care joined Cardiovascular Associates of America as its sixth partner. Terms of the deal were not disclosed. Cardiovascular Associates of America is a physician management services organization headquartered in Orlando, Florida. Through its physician-centered practice management model, physicians drive clinical care and their practice culture, while benefiting from the business expertise and shared resources available through Cardiovascular Associates of America.... Read More »
Innovation Fertility Acquires Fertility Clinic SpringCreek Fertility

Innovation Fertility Acquires Fertility Clinic SpringCreek Fertility

Innovation Fertility, a portfolio company of New Republic Partners and Albaron Partners, announced on November 29 that it acquired SpringCreek Fertility. Innovation Fertility is a network of IVF clinics and laboratories, primarily located across the southeast and midwest. The leadership team consists of reproductive endocrinologists and seasoned fertility laboratory managers and operators. SpringCreek Fertility is a fertility center that offers comprehensive reproductive health care treatment options, including in vitro fertilization, egg donation, genetic testing, intrauterine insemination, egg freezing and gestational carrying. It is run by three doctors and has locations in Dayton,... Read More »
Amulet Capital Partners Acquires United Vein & Vascular Centers

Amulet Capital Partners Acquires United Vein & Vascular Centers

Amulet Capital Partners, LP, a middle-market private equity investment firm focused exclusively on the healthcare sector, announced on November 29 its acquisition of United Vein & Vascular Centers (UVVC). UVVC will continue to be led by founder and CEO Dr. Gamal Wazni and the existing management team. Amulet will work with management to grow UVVC’s network of office locations and service mix in both existing and new markets and provide care for more complex lower extremity vascular conditions. Established in Tampa, Florida in 2014, UVVC is a provider of vascular care treatment services. UVVC operates across more than 30 clinical locations in Florida, Chicago, Colorado and... Read More »
AstraZeneca Acquires Neogene Therapeutics for up to $320 Million

AstraZeneca Acquires Neogene Therapeutics for up to $320 Million

AstraZeneca has acquired Neogene Therapeutics in a transaction valued at up to $320 million. Consideration will include an initial payment of $200 million upon closing, and a further amount of up to $120 million in contingent, milestones-based and non-contingent consideration. The transaction is expected to close in the first quarter of 2023. Upon completion of the transaction, Neogene Therapeutics will operate as a wholly owned subsidiary, with operations in Amsterdam, The Netherlands, and Santa Monica, California. Neogene Therapeutics is a clinical-stage biotechnology company focused on discovering, developing and manufacturing transformative TCR therapies targeting neoantigens in solid... Read More »
Investor Interest & Demand Grow for Several Physician Medical Group Specialties

Investor Interest & Demand Grow for Several Physician Medical Group Specialties

The Physician Medical Groups (PMG) sector is one of the most frequently discussed in healthcare M&A and one of the most active markets covered by LevinPro HC.  Since the start of 2022 through November 18, 2022, 541 PMG deals have been announced, according to the LevinPro HC database, representing 25% of the 2,172 healthcare deals announced during that period. With the prominence of the PMG sector in the healthcare M&A market, we often talk about the dental, dermatology, eye care and gastroenterology specialties as they are the most active. But specialties such as  podiatry, cardiology, fertility, women’s health and OB/GYN are on the rise and increasingly attracting more... Read More »
A Resilient Industry: M&A Trends in Specialty Pharmacy

A Resilient Industry: M&A Trends in Specialty Pharmacy

Significant changes have swept the specialty pharmacy market over the past several years. It was once a niche in the pharmacy industry but has grown significantly in market size. According to a report by Axtria, specialty drug spending is growing and constituted about 46% ($222.9 billion) of all prescription drugs in 2019, compared with 34.9% ($132 billion) in 2014. These numbers make sense with the tailwinds that pushed the industry, such as an aging population in the U.S. creating a greater need for medications that treat chronic and complex diseases.  Most of the changes in the market have come from M&A activity. Consolidation has swept the industry, with a few players controlling... Read More »
Scanmed Acquires Ars Medical

Scanmed Acquires Ars Medical

Scanmed, backed by Abris Capital Partners, announced its acquisition of Ars Medical on November 24.  With this acquisition, Scanmed will become the largest independent healthcare provider in Poland, broadening and strengthening Scanmed’s position. Additionally, the acquisition will expand the company’s presence in north-west Poland. The financial terms of the acquisition were not disclosed. Scanmed is a healthcare provider in Poland, offering a wide range of medical services within primary care, outpatient specialist consultations, diagnostics and inpatient/hospital treatment. The group operates in more than 40 locations across Poland and runs two multi-specialist hospitals, 13... Read More »