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CrossMed Healthcare Acquires Summit Medical Staffing
CrossMed Healthcare Staffing announced on September 18 that it has acquired Fremont, Nebraska-based Summit Medical Staffing. Founded in 2014, Summit Medical Staffing is a veteran and employee-owned healthcare staffing agency. The company provides staffing resources to healthcare providers, hospitals and clinics nationwide. CrossMed Healthcare Staffing is a women-owned healthcare staffing firm based in Omaha, Nebraska. Founded in 2019, CrossMed serves travel nurses, allied health professionals, locum tenens and facilities across the country. The acquisition strengthens CrossMed’s clinician network, providing healthcare clients with access to a broader pool of... Read More »
Avanos Medical Bolsters Device Portfolio With Nexus Medical
On September 15, Avanos Medical, Inc. announced the acquisition of Nexus Medical, LLC for an undisclosed price. Nexus Medical is a Lenexa, Kansas-based company that develops and sells medical devices and related services globally. Its operating and reportable segment provides medical device products to healthcare providers and patients. Nexus is renowned for its TKO anti-reflux needleless connector technology, which enhances the safety and consistency of nutrition and medication delivery, particularly in high-acuity settings like neonatal and pediatric intensive care units. Avanos Medical is a medical technology company focused on delivering clinically superior breakthrough medical device... Read More »
23andMe Sells Lemonaid Health
On September 16, Bambu Ventures announced that, alongside Innova Capital Partners, it was purchasing Lemonaid Health. The transaction is being done through a special purpose vehicle (SPV) where the two companies will be acquiring a 100% stake in Lemonaid Health. The seller, 23andMe Holding Co., initially purchased Lemonaid Health in October 2021 for $400 million. Founded in 2013, Lemonaid Health is a leading innovator in telemedicine and prescription drug delivery. The Lemonaid Health platform leverages clinical algorithms to augment its experienced medical providers’ knowledge base, enabling patients to quickly, safely and inexpensively get care and prescriptions for a... Read More »
Keensight Capital Acquires Majority Stake in Isto Biologics
French private equity firm Keensight Capital announced it has agreed to acquire a majority stake in Isto Biologics from Thompson Street Capital Partners. Founded in 2016, Isto Biologics is a regenerative MedTech company developing and manufacturing orthobiologic products to help patients heal faster. Isto’s product offering covers six functional areas of unique bone graft solutions, and includes a range of allografts, which are notably used for bone repair in the spine. Isto sells its products to more than 400 hospitals and clinics, which are used in 15,000 surgical procedures per month, primarily in the United States. Keensight Capital is a European growth buyout firm. With more than 25... Read More »
PracticeSuite Buys EHR Company MicroMD
PracticeSuite announced that it has successfully acquired Youngstown, Ohio-based MicroMD. MicroMD delivers a mature electronic health record (EHR) platform with intuitive, customizable features that enhance efficiency, care delivery and patient satisfaction. Since it was founded in 1982, MicroMD has served thousands of physicians across primary care and specialty disciplines. PracticeSuite provides an end-to-end medical office solution that helps physicians operate at the highest level of efficiency and allows patients to interact with the office electronically, including electronic check-in and e-payments. The transaction closed in 2024. As a subsidiary of PracticeSuite, MicroMD continues... Read More »
Genesee Scientific Acquires Jade Scientific
On September 15, Genesee Scientific, based in San Diego, California, announced that it entered into an agreement to acquire Jade Scientific. Founded in 1995, Jade Scientific is a distributor of chemicals and consumables, serving clinical reference, pharma/biotech, industrial and environmental labs. It is based in Westland, Michigan. Founded in 1995, Genesee Scientific is a manufacturer and distributor of products to global life science markets. Genesee provides academic and biotech organizations with mission-critical scientific consumables and equipment, including filter tips, tissue cultures, reagents and other life science products. It is backed by LLR Partners. ... Read More »
Southern Orthodontic Partners Acquires 3 Orthodontic Practices
Southern Orthodontic Partners (SOP), a portfolio company of Shore Capital Partners, announced that it added three orthodontic practices to its network: Lowcountry Orthodontics, Gerlein Orthodontics and Smile at the World Orthodontics. Lowcountry Orthodontics operates out of three locations in South Carolina: St. George, Goose Creek and Summerville. There is one physician on staff, Dr. Roland Fulcher. Based in Chevy Chase, Maryland, Gerlein Orthodontics is run by Dr. Eduardo Gerlein and a team of 12 employees, including orthodontic assistants and lab technicians. Smile at the World Orthodontics has one location in Temple, Texas. According to its website, the orthodontic... Read More »
Inside the 2025 Clinical Trials M&A Market
The clinical trials market, part of our newly formed Life Sciences R&D sector, has seen a shift in M&A deal volume over the last few years. The post-pandemic dealmaking frenzy has cooled, with acquirers now making more strategic and deliberate moves over the large-scale expansion of previous years. According to data captured in the LevinPro HC database, deal volume was modest before the post-pandemic surge, with 12 deals in 2019, 14 in 2020 and 18 in 2021. Volume escalated more than 66% in 2022 when 30 deals were reported. It hit a high in 2023 when 43 acquisitions were announced. However, M&A activity fell 37% in 2024 with 27 deals. If activity continues at its current pace,... Read More »
