Zimmer Biomet Buys Paragon 28 For Approximately $1.1 Billion
Zimmer Biomet Holdings, Inc. announced that it entered into a definitive agreement to acquire all outstanding shares of common stock of Paragon 28, Inc. for an upfront payment of $13 per share in cash. This corresponds to an equity value of approximately $1.1 billion and an enterprise value of approximately $1.2 billion. Based in Englewood, Colorado, Paragon 28 is a medical device company exclusively focused on the foot and ankle orthopedic segment and is dedicated to improving patient lives. The company was established in 2010 to address unmet and under-served needs of the foot and ankle community. Paragon 28 provides orthopedic solutions, procedural approaches and instrumentation that... Read More »
Lantheus to Acquire Evergreen Theragnostics for Upfront Payment of $250 Million
Lantheus Holdings, Inc. announced on January 8 a definitive agreement to acquire Evergreen Theragnostics, Inc. in an all-cash transaction of an upfront payment of $250 million and up to an additional $752.5 million in potential milestone payments. The transaction is expected to solidify Lantheus’ capabilities as a fully integrated radiopharmaceutical company and is expected to close in the second half of 2025. Founded in 2019, Evergreen Theragnostics is focused on improving the available options for cancer patients using radiopharmaceuticals. The company is engaged in contract development and manufacturing (CDMO) services, as well as drug discovery and commercialization of... Read More »
Advanced Reconstructive Surgery Alliance acquires Complete Breast Care
Advanced Reconstructive Surgery Alliance (ARSA) announced that it entered into an agreement to acquire Complete Breast Care, based in Plano, Texas. Complete Breast Care is a surgical practice that specializes in advanced breast cancer surgery and offers a range of services designed to support patients through every stage of their breast cancer journey. It is led by Dr. Beth Anglin, a breast cancer surgeon with more than two decades of experience. Headquartered in Red Bank, New Jersey, ARSA is an alliance of reconstructive and cosmetic surgeons with high clinical standards and shared resources that offer economies of scale. It was founded in 2022. Through the collaboration... Read More »
Cormica Expands In The U.S. With Focus Laboratories Acquisition
U.K.-based Cormica, backed by mid-market private equity Limerston Capital, announced on January 28 that it is furthering its expansion strategy with the acquisition of U.S.-based Focus Laboratories. This marks Cormica’s second acquisition in the United States. Focus Laboratories specializes in microbiological testing, including rapid microbiology and consulting for the pharmaceutical, biotech and medical device sectors. Focus Laboratories, originally founded in 1996, was acquired in 2016 by Tony Grilli. Cormica (formerly known as WMP Group) is a global contract research organization, providing comprehensive testing services for medical device, combination device and pharmaceutical... Read More »
Marcus & Millichap Announces Sale of Fort Walton Beach, Florida MOB
Marcus & Millichap announced the sale of a medical outpatient building (MOB) in Florida on January 24. Marcus & Millichap’s Frank Roti, Brett Rodgers and Alex Sacks represented the seller, Emerald Coast Diversified Properties, LLC, and procured the buyer, Montecito Medical Real Estate. The property sold for $25.35 million, or $539.45 per square foot. The 46,992-square-foot MOB is located in Fort Walton Beach, Florida. Built in 2008, the three-story building is adjacent to the 257-bed HCA Florida Fort Walton-Destin Hospital, near the Oskaloosa Heart & Vascular Center. Montecito Medical Real Estate specializes in healthcare-related real estate acquisitions and funding. Since... Read More »
PAX Health Acquires Harris Psychiatric Services
PAX Health, supported by private equity firm HCAP Partners and investment firm Hamilton Lane, announced that it acquired Harris Psychiatric Services for an undisclosed sum. Harris Psychiatric Services specializes in outpatient psychiatric care for individuals recovering from workplace injuries and motor vehicle accidents. Its expertise includes treating depression, anxiety disorders and post-traumatic stress disorder associated with serious physical injuries and chronic pain. PAX Health is a leading behavioral health company dedicated to providing innovative and comprehensive solutions for mental health and well-being. Through strategic integration of best practices and... Read More »
CORA Physical Therapy Acquires One to One Physical Therapy Locations
On January 27, CORA Health Services, Inc., d/b/a CORA Physical Therapy, announced that it acquired four One to One Physical Therapy locations. The locations are in Boca Raton, Boynton Beach, Delray Beach and Palm Springs, Florida. One to One Physical Therapy is a leading physical therapy organization that has locations across the country. CORA Physical Therapy is an outpatient rehabilitation company that uses proven clinical practices and cost-effective treatment protocols to return patients to their jobs and lifestyles as soon as possible. CORA operates more than 250 clinics in Florida, Georgia, Illinois, Kentucky, Missouri, North Carolina, South Carolina, Tennessee,... Read More »
SightMD Acquires Sambursky Eye & Esthetics
SightMD, a portfolio company of Chicago-based private equity firm Chicago Pacific Founders, announced on January 21 that it acquired Sambursky Eye & Esthetics. Sambursky Eye & Esthetics is an eye care practice with one location in Johnson City, New York. According to its website, there are four physicians on staff. SightMD is an ophthalmic provider group, offering patients access to more than 70 ophthalmic surgeons and specialists at 33 locations in New York City and Long Island. Its services include laser cataract surgery and lens implantation, glaucoma management, retinal disorder treatment, corneal services and neuroophthalmology. This transaction marks... Read More »
Behind the Deal: PGP Advises on Women’s Health Transaction with Webster Backed Nova Women’s Health
Physician Growth Partners (PGP), a sell-side healthcare investment banking firm dedicated to representing independent physician practices in transactions with private equity, announced it advised on a new Women’s Health platform transaction. Webster Equity Partners recently formed Nova Women’s Health Partners through its simultaneous acquisition and merger of WomanCare and Women’s HealthFirst alongside Georgia-based Midtown OB/GYN. Women’s HealthFirst is an OB/GYN practice with five locations in Illinois. There are 10 physicians on staff. WomanCare is a 17-physician OB/GYN practice that is based in four locations in Illinois. Founded in 2003, Webster Equity... Read More »Schedule a demo
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