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Telix Pharmaceuticals Acquires Optimal Tracers
Telix Pharmaceuticals Limited has acquired Sacramento, California-based Optimal Tracers. Optimal Tracers is a division of Northern California PET Imaging Center, a not-for-profit business providing clinical and clinical trial imaging services in northern California. Optimal Tracers provides manufacturing and development radiochemistry services in support of academic and pharmaceutical research activities. Telix Pharmaceuticals is a biopharmaceutical company focused on the development and commercialization of diagnostic and therapeutic radiopharmaceuticals. Telix is developing a portfolio of radiopharmaceutical products that aims to address significant unmet medical needs in oncology and... Read More »
Pennsylvania Ambulance Acquires Commonwealth Health EMS
Pennsylvania Ambulance has acquired Commonwealth Health EMS in a deal involving organizations based in northeast Pennsylvania. Located in Scranton, Pennsylvania, Commonwealth Health EMS is a full-service medical transportation provider offering lifesaving services. Headquartered in Dunmore, Pennsylvania, Pennsylvania Ambulance is a locally owned and operated EMS provider. Terms of the deal were not disclosed. According to the LevinPro HC database, this is the 11th medical transportation services deal of 2022. This compares with six medical transportation services transactions reported between January 1, 2021, and November 15, 2021. Read More »
CDMOs Kindeva Drug Delivery & Meridian Medical Technologies to Merge
Kindeva Drug Delivery, a Woodbury, Minnesota-based medical manufacturer, is merging with Meridian Medical Technologies, a maker of auto-injector pens and similar devices based in St. Louis, Missouri. Kindeva and Meridian will continue to operate independently until closing. The combined company will have a substantial breadth of drug delivery capabilities, with expertise and technology spanning the parenteral, inhalation, transdermal and intradermal routes of administration. Milton Boyer, CEO of Meridian, will be CEO of the newly combined company. Financial terms of the deal were not disclosed. Kindeva Drug Delivery is a contract development manufacturing organization (CDMO) for... Read More »
CardieX Acquires Wearable Sensor Startup Blumio
CardieX Limited announced on November 15 that it has acquired all the assets of Blumio, Inc., a Silicon Valley-based sensor technology startup, signifying the company’s continued investment in cardiovascular health monitoring technologies. Blumio’s technology has the potential to significantly increase clinical performance for CardieX’s ecosystem of heart health monitoring solutions. As a result of the prior 3-year collaboration between Blumio and CardieX, the companies have already demonstrated Blumio’s sensor technology to be compatible with ATCOR’s patented SphygmoCor® arterial health technology. Blumio CEO and Co-founder Catherine Liao joins CardieX as... Read More »
EyeSouth Partners Acquires University Retina and Macula Associates
EyeSouth Partners announced on November 15 that it purchased University Retina and Macula Associates (RUMA), marking the 530th Physician Medical Groups transaction of 2022. EyeSouth Partners is an eye care services organization and is headquartered in Atlanta, Georgia. EyeSouth’s affiliate network consists of 34 practices with more than 275 doctors providing medical and surgical eye care services at more than 160 locations including 19 surgery centers throughout 11 states. EyeSouth supports its affiliated practices and physician partners with strategic guidance, administrative resources, operating expertise and capital. In September 2022, it received a significant growth investment... Read More »
Private Equity Dominates Dermatology
The dermatology space has proven to be worth watching in recent years. From January 1, 2022, through November 11, 2022, there have been 29 dermatology deals announced, according to the LevinPro HC database. This compares to the 25 deals during the same timeframe in 2021. Through the first two weeks of November, there were 23 deals announced in 2019. The same period of time in 2020 saw a decline in deal volume with 14 transactions with the drop attributed to the COVID-19 pandemic. Partners Group’s acquisition of Forefront Dermatology represents the largest purchase price within the dermatology subsector this year for $1.5 billion. OMERS Private Equity was the seller. Forefront... Read More »
High Hopes for the Rehabilitation Market: Strong Tailwinds Push Deal Activity
Whenever we speak with dealmakers in the healthcare M&A market, they frequently discuss how the market is fragmented. Although there is no shortage of major players, especially as retail and tech giants push deeper into healthcare, there’s still a high volume of smaller, independently owned agencies and providers. The U.S. outpatient rehabilitation market has more than 37,000 independent clinics, and no company owns more than 10% market share. Some significant players include Select Medical (1,933 clinics), ATI Physical Therapy (900 clinics) and U.S. Physical Therapy, Inc. (629 clinics). Additionally, rehabilitation services are split across many sources: hospitals, therapy clinics,... Read More »
Gastroenterology Associates of Plattsburgh Joins University of Vermont Health Network
Gastroenterology Associates of Plattsburgh has joined the University of Vermont Health Network. The University of Vermont Health Network is a six-hospital network based in Burlington, Vermont, that serves Vermont and the northern New York state region. Gastroenterology Associates of Plattsburgh, which is located in Plattsburgh, New York, will close its doors on November 28 as its practice will become part of the University of Vermont Health Network, operating under the new name CVPH Gastroenterology. Terms of the deal were not disclosed. According to the LevinPro HC database, this was the 25th gastroenterology practice transaction of 2022. This compares with 35 gastroenterology deals... Read More »
Our Lady of the Lake Regional Medical Center Sells Baton Rouge, Louisiana Surgery Center
Baton Rouge, Louisiana-based Our Lady of the Lake Regional Medical Center sold its ambulatory surgery center (ASC) in the same city for $8.95 million. The Lake Surgery Center was sold to Perkins Plaza Development, represented by orthopedic surgeon Larry “Chip” Bankston, MD. According to the LevinPro HC database, this marks the 27th ASC acquisition of 2022. Established in 2002, Lake Surgery Center is a 23,000-square-foot facility. The surgery center is co-owned by Our Lady of the Lake Regional Medical Center and Dr. Bankston’s practice, Baton Rouge Orthopaedic Clinic. In addition to Dr. Bankston, other officers for Perkins Plaza Development include Our Lady of the Lake... Read More »Schedule a demo
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