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Akumin Buys Alliance Healthcare Services
The diagnostic imaging provider Akumin Inc. (NASDAQ: AKU) has announced a definitive agreement to acquire Alliance Healthcare Services for approximately $820 million. Alliance HealthCare Services provides outsourced advanced radiology and radiation therapy services across 45 states in the U.S. Alliance partners with more than 1,000 hospitals, health systems and physician practices. It was owned by Tahoe Investment Group. Upon closing of the transaction, the combined company will offer the most comprehensive radiology and oncology solutions to patients in the U.S., operating in 46 states, with more than 1,000 hospital and health system customers, 154 independent outpatient radiology... Read More »
CD Health Infrastructure Partners Hits the Ground Running
CD Health Infrastructure Partners is capitalizing on the aging population in Northern Phoenix. The vertically integrated real asset investment firm acquired one medical office building, primarily leased out to Banner Health, in Paradise Valley, Arizona. Banner currently has the largest healthcare system in Arizona with over 50,000 employees. The medical office building has approximately 13,800 square feet, but the price for the facility was not disclosed. The Northern Phoenix area benefits from high population density and rapidly growing aging demographics. In particular, the population of age 75 and older within a 15-minute drive time is expected to grow at 5.8% per year from 2020 to... Read More »
Danaher Corporation Buys Aldevron
The medical device giant Danaher Corporation (NYSE: DHR) is back with a new acquisition valued at nearly $10 billion. The company is buying Aldevron for $9.6 billion from private equity firm EQT Partners. Founded in 1998, Aldevron manufactures high-quality plasmid DNA, mRNA, and proteins, serving biotechnology and pharmaceutical customers across research, clinical and commercial applications. The business employs 600 people. No other financials for Aldevron were disclosed. The deal was financed by using cash on hand and/or proceeds from the issuance of commercial paper. Aldevron will operate as a standalone operating company and brand within Danaher’s Life Sciences segment. The... Read More »
Steward Health Acquires Five Tenet Hospitals
Back in June 2020, a management group of Steward Health Care physicians acquired a controlling stake in the health system and assumed ownership from its founding owner, Cerberus Capital Management. It was a significant move; one of the largest privately owned hospital chains in the United States became physician-owned. And now, Steward announced this week it is acquiring a portfolio of five hospitals from Tenet Healthcare Corporation (NYSE: THC) in Florida for $1.1 billion. It is the first acquisition for Steward Health since finalizing full physician control and leadership of the organization. The five hospitals included in the sale are Coral Gables Hospital (245 beds), Hialeah Hospital... Read More »
Medical Properties Trust Grabs 18 Behavioral Health Hospitals
The pubicly traded REIT Medical Properties Trust, Inc. (NYSE: MPW) is significantly expanding its property portfolio. Medical Properties Trust is buying 18 behavioral health hospitals from Welsh, Carson, Anderson & Stowe for $760 million and an interest in the operations of Springstone, LLC, a leading provider of behavioral health services in the United States for $190 million. Springstone provides a full continuum of behavioral care including inpatient, partial hospitalization, and intensive outpatient programs and has targeted diversified geographies with positive demographic trends and a commercial-heavy payor mix. The hospitals, along with additional facilities... Read More »
LifePoint Health & Kindred Healthcare Announce Merger
LifePoint Health has signed a definitive agreement to acquire Kindred Healthcare, LLC, the two companies announced late Monday. The deal brings together two major players in the acute and post-acute healthcare market. LifePoint Health, a subsidiary of RCCH HealthCare Partners, owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities across the country. Kindred Healthcare is the nation’s leading specialty hospital company delivering acute health services in its long-term acute care hospitals, inpatient rehabilitation hospitals, acute rehabilitation units, and behavioral health line of business, all specializing in... Read More »
Datavant Acquires Ciox Health
Private equity-backed Ciox Health has been sold in a $7 billion deal. The buyer was Datavant, a San Francisco-based digital health company that helps healthcare organizations safely link their data to improve medical research and patient care. It is backed by Roivant Sciences, SoftBank Vision Fund and Founders Fund. Ciox Health manages a platform that leverages clinical data to improve patient outcomes and lower healthcare costs. The company simply and securely connects healthcare decision-makers with the data and hidden insights in patient medical records. It was a portfolio company of New Mountain Capital. The combined company’s ecosystem of data and analytics will now include... Read More »
Summit Health Management Expands in New York City
After its transformational merger with CityMD in 2019, Summit Health Management has been quick to expand even further. In April this year, the company purchased Active Orthopedics & Sports Medicine, a leading orthopedic practice in New Jersey with 17 providers and three locations. Now, it’s continuing its ventures with the acquisition of Gotham Gastroenterology for an undisclosed sum. The purchase will add 16 gastrointestinal specialists across four offices in New York City to Summit Health’s current portfolio. These additions act as an important step toward Summit’s mission of providing diversified healthcare services in various locations nationwide. Summit Health is a portfolio... Read More »
Health Care M&A Deals, June 11, 2021
The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our HealthCareMandA.com Deal Database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. The largest deal of the week is Datavant’s purchase of private equity-backed Ciox Health for $7 billion. Ciox Health manages a platform that leverages clinical data to improve patient outcomes and lower healthcare costs. The company simply and securely connects healthcare decision-makers with the data and hidden insights in patient medical records. It was a portfolio... Read More »Schedule a demo
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