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Telehealth: Answering the Call
If you’ve attended any healthcare deal-making conference in the last few years, you’ve heard that telehealth is one of the hottest target sectors going, right up there with autism services and physician practices (dermatologists, ophthalmologists, dentists, you name it). It’s caught in something of a perfect storm at the moment, as more states and regions implement laws to facilitate telehealth services. On the federal level, the Centers for Medicare and Medicaid Services on April 5, 2019 finalized policies that increase plan choices and benefits, including allowing Medicare Advantage plans to include additional telehealth benefits. Private health insurers have been offering telehealth... Read More »
BayMark Health Keeps Buying
BayMark Health Services, a portfolio company of Webster Equity Partners (formerly known as Webster Capital), is still on the acquisition trail, even as it is reportedly prepping for a sales process. In its first deal announced in 2019, BayMark targeted Recovery Services of New Mexico, based in Albuquerque. Recovery Services offers opioid treatment programs for patients around the state. It has three traditional opioid treatment programs, one office-based treatment program and a fifth location inside of Bernalillo County Metropolitan Detention Center. BayMark provides medication-assisted treatment for opiate addiction and dependency to thousands of patients nationwide. It is the largest... Read More »
Health Care M&A Deals, Week Ending May 3, 2019
The Health Care M&A Weekly chart is a selection of transactions announced during the prior week(s). The deals presented here are from our Deal Search Online database, which is updated every business day. Visit www.dealsearchonline.com to see how Deal Search Online can help you stay up-to-date on the healthcare market overall, or in a particular sector of interest to your firm. Behavioral Health Care Acquirer Target Price Pinnacle Treatment Centers Addiction Medicine Care of Columbus N/A Biotechnology Acquirer Target Price Canopy Biosciences, LLC Zellkraftwerk GmbH N/A eHealth Acquirer Target Price Capsule Technologies, Inc Bernoulli Health N/A... Read More »
Misonix Buys TheraSkin Maker Solsys Medical
Misonix, Inc., (NASDAQ: MSON) an international surgical device manufacturer, has acquired the pharmaceutical company Solsys Medical, LLC. The target company markets TheraSkin, a cellular and tissue-based product for regenerative wound healing, especially for difficult-to-heal chronic wounds. TheraSkin has been applied to more than 100,000 wounds supported by multiple clinical studies. The deal will cost Misonix a total of $117 million, comprised of $97 million in stock plus Solsys’ $20 million outstanding secured debt. As part of the deal, Misonix will issue 5.7 million new shares. Upon closing, it will own 64% of the company and Solsys unitholders will own 36%. Misonix hopes to get... Read More »
Rehabilitation Platform ClearSky Health Hits the Ground Running
ClearSky Health, a newly launched rehabilitation platform, is wasting no time on the acquisition front. Created by a partnership between Blue Wolf Capital Partners LLC and Peloton Equity LLC, and a management team led by Darby Brockette, ClearSky Health will develop and acquire inpatient rehabilitation facilities (IRFs) and related post-acute services companies. Blue Wolf Capital and Peloton Equity are focused on middle-market investments and acquisitions and have a diverse portfolio in the healthcare market. The company reported it acquired four Texas and Louisiana-based inpatient rehabilitation facilities from Maxim Management Group, LLC. The specific facilities and price terms... Read More »
AMN Healthcare Services Acquires Staffing Firm
AMN Healthcare Services, Inc. (NYSE: AHS), a healthcare solutions and staffing services company, has acquired Advanced Medical Personnel Services, Inc. for $200 million. Advanced Medical Personnel specializes in placing therapists and nurses in contract positions across multiple settings including hospitals, schools, clinics, skilled nursing facilities, and home health. AMN purchased Advanced Medical for the company’s recently launched telehealth platform for delivery of speech therapy to children in large school districts across the country. Another telehealth company changed hands in early April, as Advantia Health, a physician medical group, acquired Pacify, a telehealth company.... Read More »
Emergency Care Partners Buys Ascension Emergency Physicians
Emergency Care Partners (ECP), backed by Varsity Healthcare Partners and Regal Healthcare Capital Partners, has acquired Ascension Emergency Physicians. The target provides outsourced emergency department management services to Our Lady of the Lake Ascension, formerly known as St. Elizabeth Hospital. Financial terms were not disclosed. ECP provides emergency medicine and outsourced emergency department management services to hospital facilities across Lousiana, New York, and Pennsylvania. ECP was initially formed through the joint recapitalization of Professional Emergency Medicine Management (PEMM) and Professional Emergency Physicians Associates (PEPA). The combined emergency medicine... Read More »
FSD Pharma Acquires Prismic Pharmaceuticals
FSD Pharma Inc. (CSE: HUGE), a Canadian-based cannabis company, has acquired Prismic Pharmaceuticals Inc. a specialty pharmaceutical company focused on novel non-addictive prescription drugs for the treatment of pain, inflammation and neurological disorder. The transaction cost approximately $17.5 million, but FSD gains Prismic’s worldwide licensing rights to a patent-protected form of palmitoylethanolamide, which can increase the effectiveness while lowering the dosage amount for non-addictive prescription drugs. That lines up well FSD’s cannabinoid product portfolio. It’s a step closer to FSD’s goal of creating a platform that advances research and development of... Read More »
Health Care M&A Deals, Week Ending April 26, 2019
The Health Care M&A Weekly chart is a selection of transactions announced during the prior week(s). The deals presented here are from our Deal Search Online database, which is updated every business day. Visit www.dealsearchonline.com to see how Deal Search Online can help you stay up-to-date on the healthcare market overall, or in a particular sector of interest to your firm. Biotechnology Acquirer Target Price Fulcrum Therapeutics Global rights to losmapimod N/A Eli Lilly and Company Global licensing for immunology medicines $20,000,000 eHealth Acquirer Target Price Computer Programs and Systems, Inc. Get Real Health $11,000,000 Labs, MRI & Dialysis... Read More »Schedule a demo
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