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Avenue Therapeutics Acquires Baergic Bio
Avenue Therapeutics, Inc. acquired Baergic Bio, Inc. in a deal involving two pharmaceutical companies. Terms of the transaction were not disclosed. Founded in December 2019, Baergic Bio is a clinical-stage company that focuses on the development of a pharmaceutical product for the treatment of neurological disorders. Avenue Therapeutics is a specialty pharmaceutical company focused on the development and commercialization of therapies for the treatment of central nervous system diseases. It is owned by Fortress Biotech, Inc. According to the LevinPro HC database, this was the 86th pharmaceutical deal of 2022. This compares with 42 pharmaceutical transactions that were reported between... Read More »
Allied OMS Acquires Paramount Oral Surgery
Allied OMS acquired Paramount Oral Surgery. The deal brings Allied OMS into the New York market. Terms of the transaction were not disclosed. Paramount Oral Surgery, based in the New York City borough of Staten Island, provides oral and maxillofacial services including wisdom teeth removal, dental implants and full mouth restoration. Headquartered in Southlake, Texas, Allied OMS has 36 surgeons serving patients out of 29 locations across California, Colorado, New York, Oregon, and Texas. According to the LevinPro HC database, this was the 174th dental practice deal of 2022. This compares to 72 dental practice transactions recorded between January 1, 2021, and November 10,... Read More »
SCP Health Acquires PREMEDEX in Atlanta Deal
SCP Health acquired PREMEDEX in a deal involving two companies based in Atlanta. SCP Health began leveraging PREMEDEX’s engagement capabilities as a strategic partner last year. Terms of the deal were not disclosed. PREMEDEX helps providers and payers improve engagement, drive better results, serve more patients, improve outcomes, drive revenue, reduce costs and increase satisfaction and loyalty. With a portfolio of more than 8 million patients, 7,500 providers in 30 states and 450 healthcare facilities, SCP Health is a leader in clinical practice management, spanning the continuum of care. According ot the LevinPro HC database, this was the 299th eHealth transaction of 2022. It compares... Read More »
Avalon GloboCare Purchases Laboratory Services
Avalon GloboCare Corp. (NASDAQ: AVCO) announced its acquisition of Laboratory Services MSO, LLC on November 8. The purchase price, for 60% of the company, totaled $31 million. Shares of Avalon’s common stock began trading under the new ticker symbol “ALBT” on the Nasdaq Capital Market on Thursday, November 10, 2022. Revere Securities LLC is acting as an advisor to Avalon in the transaction. Lowenstein Sandler LLP is acting as legal counsel to Avalon in the transaction. Blythe Global LLC is acting as accounting advisor. Headquartered in Costa Mesa, California, Laboratory Services MSO provides a broad portfolio of diagnostic tests including drug testing, toxicology and a wide array of test... Read More »
Sight360 Acquires the practice of Larry Goldberg
Sight360, a portfolio company of SBJ Capital, acquired the ophthalmology practice of Larry Goldberg. The financial terms of the transaction were not disclosed. Led by Larry Goldberg, MD, the practice has one location in St. Petersburg, Florida. Dr. Goldberg has practiced for 30 years and specializes in cataract and intraocular lens surgery, glaucoma treatment and dry eye therapy. Sight360 provides integrated vision care services, including ophthalmology, optometry, optical services and related surgeries at 18 locations in the Tampa, Florida region. This acquisition strengthens Sight360’s presence in Florida and marks Sight360’s second acquisition of the year. Previously,... Read More »
ELNA Medical Acquires m-Health Solutions
Montreal-based ELNA Medical, Canada’s largest integrated network of medical clinics, announced on November 10 its acquisition of m-Health Solutions in Hamilton, Ontario. ELNA’s acquisition of m-Health Solutions follows its investment earlier this year in virtual care provider MD Connected. CIBC Mid-Market Investment Banking acted as exclusive financial advisor to m-Health Solutions. m-Health Solutions has been a leading remote health diagnostics and monitoring solution for ambulatory patients since 2010. Used by more than 4,300 physicians and specialists in more than 60 hospitals and medical establishments across Ontario, m-Health Solutions provides in-home cardiac diagnostic... Read More »
Zelis Acquires Healthcare Payment Provider Payspan
Zelis announced on November 9 the completion of its acquisition of Payspan, a provider of healthcare electronic payment and reimbursement automation services. Terms of the transaction were not disclosed. FT Partners served as the exclusive financial and strategic advisor to Payspan for this transaction. Payspan was represented by Goodwin Procter LLP and Zelis was represented by Kirkland & Ellis LLP. With 18 years of industry presence, Payspan leverages a large healthcare payment network and flexible payment modalities to drive value-based care reimbursement, improve the patient experience and reduce costs. Payspan connects more than 600 health plans, 1.3 million provider payees and... Read More »
Leica Biosystems Acquires Cell IDx
Leica Biosystems acquired San Diego-based Cell IDx, Inc. Terms of the deal were not disclosed. Founded in 2012, Cell IDx provides multiplex staining panels, tissue staining and imaging and analysis services. Buffalo Grove, Illinois-based Leica Biosystems is a cancer diagnostics company and a global leader in workflow solutions. In 2021, Leica Biosystems and Cell IDx announced a partnership to combine the benefits of UltraPlex and BOND RX. According to the LevinPro HC database, this was the 123rd Biotechnology transaction of 2022. This compares with 103 Biotechnology deals recorded between January 1, 2021, and November 10, 2021. Read More »
