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OrthoPediatrics Buys ApiFix Ltd.
Deals that were in the pipeline prior to the Covid-19 pandemic are still closing, particularly on the technology side of health care. OrthoPediatrics Corp. (NASDAQ: KIDS) announced its acquisition of Israeli orthopedic device maker ApiFix Ltd. on April 1 for approximately $36 million. OrthoPediatrics provides products to the pediatric orthopedic market, such as trauma and deformity correction, scoliosis and sports medicine, in the United States and 41 countries. It went public in October 2017, raising $52 million as a company serving the previously neglected field of children’s orthopedics and implants. Revenues in 2019 were up 59%, to $76.6 million, compared with $45.6 million for... Read More »
Bristol Hospice Trades with Healthy Living
Despite the challenges of the Patient-Driven Groupings Model and the Covid-19 pandemic, March is usually a good month for mergers and acquisitions in the Home Health & Hospice sector. To date, seven deals are on the books for the month and 19 for the first quarter. Two deals involved Bristol Hospice and Healthy Living Network, LLC, which traded assets in some western states. Salt Lake City-based Bristol Hospice, a portfolio company of Webster Equity Partners, paid an undisclosed sum for Healthy Living Network’s Sojourn Hospice & Palliative Care, which runs eight programs in Salt Lake City, Sacramento, Freso, East Bay, San Jose, Modesto, Redding and San Diego. The Sojourn... Read More »
Hospital M&A in the Age of Coronavirus
Hospitals have always been a prime target in the healthcare services market. Suddenly the novel coronavirus pandemic has thrust them squarely into the national conversation. While the attention is warranted, it hasn’t been completely positive regarding a shortage of intensive care beds and personal protective equipment for healthcare workers. We hosted a webinar on the effect the coronavirus will have on hospital M&A market later this year. Chris Schoeplein, Vice President at Ponder & Company, was a panelist who gave us his thoughts. HealthCareMandA.com: Looking back to what feels like another era, pre-coronavirus, how would you characterize the hospital M&A market in 2019?... Read More »
Align Technology Bites for Exocad Global
Align Technology, Inc. (NASDAQ: ALGN), best known for its Invisalign system, acquired exocad Global Holdings GmbH in March. The price was approximately $407 million (EUR376 million). Exocad, based in Darmstadt, Germany, is a global provider of dental CAD/CAM software market and offers fully integrated workflows to dental labs and dental practices via a broad customer base of partners, and resellers in over 150 countries. It was a portfolio company of Carlyle Europe Technology Partners. The deal has many benefits for Align. First, it strengthens Align’s digital platform that delivers tools and features for diagnostic, restorative, implant, and orthodontic workflows. It also adds exocad’s... Read More »
PE-Backed Coronis Health Acquires RCM Provider
In the eHealth sector, acquisitions for revenue cycle management (RCM) firms are usually headline-worthy deals, such as Frazier Healthcare Partners’ $250 million purchase of MedData, Inc. from Mednax (NYSE: MD) back in October 2019. RCM companies tend to service hospitals, large health systems and healthcare providers. MedData, for instance, serves more than 10,000 physicians in a network of more than 3,000 facilities nationwide. However, Coronis Health focuses on something more niche. A portfolio company of 424 Capital (formerly known as Brook Venture Partners), Coronis Health announced last week it acquired Reliabill, LLC, an RCM provider to the behavioral health market, focusing... Read More »
Centric Buys Specialty Pharmacy Network
Centric Health Corporation (TSE: CHH) is on its way to becoming the largest specialty pharmacy company serving seniors in Canada, thanks to its recently announced acquisition of Remedy Holdings Inc. The price is approximately US$27.2 million. This is the second deal in March 2020 targeting special services for seniors. Early in the month, NaviHealth acquired Innovative Healthcare Delivery IHD delivers a high-touch, patient-centric and non-clinical approach that is paired with proprietary workflow and patient engagement technology to help seniors to better understand and participate in their care plans. In February, Guardian Pharmacy Services added to its Florida holdings with... Read More »
Health Care M&A Deals, March 27, 2020
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 Deal Search Online database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. To subscribe to our Health Care M&A deals chart and more, visit our membership site. HealthCareMandA.com is devoted to healthcare merger and acquisition data for the serious analyst and investor. Every day, this service alerts you to developments in all the key segments of the health care service and technology markets. Biotechnology Acquirer... Read More »
Caregiver Expands With Four New Providers
The spread of Covid-19 has forced most healthcare companies to hit pause on their M&A activity, especially those in the services sectors. Hospitals are overwhelmed and the Centers for Medicare & Medicaid Services issued guidelines that all elective surgeries, non-essential medical, surgical and dental procedures be delayed, which are likely to stifle physician groups’ revenue flow. However, some companies have proved to be resilient in the pandemic. Caregiver Inc., a behavioral healthcare company, is one example. It provides services to adults with intellectual and developmental disabilities (IDD). Since 2015, Caregiver has expanded rapidly, building its network across... Read More »
Health Care M&A Deals, March 20, 2020
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 Deal Search Online database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. To subscribe to our Health Care M&A deals chart and more, visit our membership site. HealthCareMandA.com is devoted to healthcare merger and acquisition data for the serious analyst and investor. Every day, this service alerts you to developments in all the key segments of the health care service and technology markets. Biotechnology ... Read More »Schedule a demo
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