Lumia Care Expands into South Australia With Pop-Up Health Acquisition
On October 30, Lumia Care announced that it has expanded into South Australia through its acquisition of Pop-Up Health. Founded in 2012, Pop-Up Health serves more than 400 South Australians daily with in-home and specialty healthcare. Lumia Care is an Australian healthcare group offering homecare services with personalized care plans, including assistance with daily activities and medical care, to support individuals at home. The Pop-Up Health acquisition brings 330 new nurses and care workers to Lumia’s network, extending its reach and service offerings across Australia. By joining Lumia, Pop-Up Health benefits from a national platform that supports local expertise with additional... Read More »
Francisco Partners to Acquire AdvancedMD from Global Payments
Francisco Partners announced on October 30 that it signed a definitive agreement to acquire AdvancedMD from Global Payments, Inc., a leading worldwide provider of payment technology and software solutions. Founded in 1999, AdvancedMD provides a cloud native medical office software platform that unifies practice management, electronic health record, patient engagement and payments software solutions. AdvancedMD’s end-to-end practice and patient workflow solutions help healthcare practices, independent physicians and medical billers optimize operations, reduce administrative burdens, manage higher patient encounters and improve patient outcomes. Francisco Partners is a private equity firm... Read More »
Physician Partners of America Acquires M.I. Spine and Joint Care
On October 28, Physician Partners of America (PPOA) announced that it acquired M.I. Spine and Joint Care for an undisclosed price. M.I. Spine and Joint Care is a Prosper, Texas-based medical group known for its specialized care in spine and joint conditions. According to the website, the practice has one provider on staff. PPOA is a national healthcare company that manages a wide range of medical practices, which include interventional pain management; laser-assisted, minimally invasive spinal procedures; orthopedics; psychology; personal injury; worker’s compensation and ambulatory surgery centers. The acquisition, which went into effect on October 16, 2024,... Read More »
CopilotIQ and Biofourmis Merge to Create AI-Driven Platform for In-Home Care
Nashville, Tennessee-based CopilotIQ and Boston, Massachusetts-based Biofourmis have announced a strategic merger between the two companies. Biofourmis is a global technology-enabled care delivery company, delivering in-home care solutions serving enterprise healthcare customers. Driven by data and FDA-cleared algorithms, the Biofourmis platform delivers interventions personalized to the individual and their disease. It’s configurable and scaleable, to adapt to the needs of organizations and patient populations. Biofourmis has received funding from both General Atlantic and Openspace Ventures. CopilotIQ, which launched in 2021, offers at-home remote health monitoring for older patients.... Read More »
El Paso, Texas MOB Acquired by Healing Realty Trust
Healing Realty Trust (HRT) announced the acquisition of a multi-tenant medical outpatient building (MOB) in El Paso, Texas, enhancing its clinic-focused portfolio. The MOB is being acquired for $7.15 million. The acquired asset is comprised of 50,213 square feet and is leased to a diverse range of medical tenants, including WellMed, Quest Diagnostics, Optum and Universal Health Services, with the opportunity to further enhance occupancy. The MOB is within a few miles of major hospitals (including both HCA Healthcare and Tenet Healthcare hospital systems), ambulatory surgery centers, long-term acute care hospitals, the University of Texas El Paso campus, Texas Tech Medical School and to... Read More »
Ahead of Presidential Election, Deal Volume Declines In October 2024
Activity in the healthcare industry slowed down in October 2024, but an increase in certain sectors has left investors feeling hopeful for the coming months. In October 2024, 144 healthcare transactions were reported, a notable decrease from both October 2023, when 189 deals were announced, and September 2024, when 161 deals were reported. It is important to note that these numbers are preliminary findings for the month, and more deals may be added to the statistics as companies continue to announce transactions. The most active sector in October was Other Services with 44 transactions, or approximately 31% of the announced healthcare deals. This is virtually the same as October 2023... Read More »
AbbVie to Acquire Aliada Therapeutics for $1.4 Billion
On October 28, AbbVie and Aliada Therapeutics announced a definitive agreement under which AbbVie will acquire Aliada. Under the terms of the agreement, AbbVie will acquire all outstanding Aliada equity for $1.4 billion in cash, subject to certain customary adjustments. Aliada Therapeutics is a biotechnology company focused on addressing delivery challenges in central nervous system (CNS) drug development. Aliada uses a novel blood-brain barrier-crossing technology to address challenging CNS diseases. Aliada’s lead investigational asset utilizing this delivery technology, ALIA-1758, is an anti-pyroglutamate amyloid beta (3pE-Aβ) antibody in development for the treatment of... Read More »
Imagen Dental Partners Announces 100th Partnership
Imagen Dental Partners, a dental partnership organization founded in 2020, announced its 100th partnership with the acquisition of Cohen Dental. The financial terms were not disclosed. Cohen Dental operates out of one location in Savannah, Georgia. According to its website, the practice is run by two physicians: Drs. Scott Cohen and Sonam Patel. Cohen Dental is known for its work in cosmetic dentistry, clear aligner therapy, reconstructive dentistry, laser technology and dental sleep medicine. Imagen Dental Partners works with dental practices, invests in them and supports their growth. Imagen Dental Partners supports practices in California, Arizona, Texas, Minnesota, Florida,... Read More »
Merck Acquires Modifi Biosciences for $30 Million
On October 23, Merck & Co., Inc., known as MSD outside the United States and Canada, announced that it acquired Modifi Biosciences for $30 million upfront. Modifi Biosciences has developed a novel class of small molecules that target cancer cells lacking expression of a key DNA repair protein called O6-methylguanine methyltransferase. It is a Yale University spinout company that was formed in 2021. Merck is an American multinational pharmaceutical company headquartered in Rahway, New Jersey. The company is focused on the discovery, development, manufacturing and marketing of prescription medicines, biologic therapies, vaccines and animal health products.... Read More »Schedule a demo
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