PE-Backed ExperCARE Purchases MedCenter Urgent Care
ExperCARE, a partner company of private equity firm Seven Hills Capital, announced that it has purchased MedCenter Urgent Care. MedCenter Urgent Care is a premier urgent care and family medicine provider headquartered in North Port, Alabama, with additional locations throughout greater Tuscaloosa. ExperCARE is a Savannah, Georgia-based provider of urgent care and occupational health services. The partnership marks a significant expansion for ExperCARE, extending its geographic reach and reinforcing its dedication to high-quality, patient-centered care across West and Central Alabama. Financial terms of the deal were not disclosed. According to data captured in the LevinPro HC... Read More »
Alcanza Clinical Research Acquires Innovation Medical Research Center
Methuen, Massachusetts-based Alcanza Clinical Research announced on April 9 its acquisition of Innovation Medical Research Center, a multi-specialty clinical research center in Palmetto Bay, Florida. Innovation conducts Phase I to Phase IV clinical trials in key therapeutic areas such as cardiology, dermatology, endocrinology, gastroenterology, infectious disease, internal medicine, nephrology, neurology, psychiatry, rheumatology and women’s health. Alcanza Clinical Research is a network of research facilities focused on bringing clinical trial opportunities involving life-changing treatments and vaccines to all patients, especially those from underrepresented... Read More »
The 10 Multi-Billion Dollar Deals that Kicked off 2024
The first quarter of 2024 started the Healthcare M&A market off with a bang, with 13 transactions in the billion-dollar price range announced during the first quarter. This compares to Q1:23, when only six transactions exceeded $1 billion. More than half of the billion-dollar transactions announced during Q1:24 were in the Biotechnology sector. Acquirer Target Price Target Sector Novo Holdings A/S Catalent, Inc. $16,500,000,000 Other Services Gilead Sciences, Inc. CymaBay Therapeutics, Inc. $4,300,000,000 Biotechnology Health Care Service Corporation Cigna’s Medicare assets $3,700,000,000 Managed... Read More »
OCLI Vision acquires Fishman Center for Total Eye Care
OCLI Vision, which is managed by Blue Sea Capital’s Spectrum Vision Partners, announced that it entered into an agreement to acquire Fishman Center for Total Eye Care. Fishman Center for Total Eye Care is an eye care practice with two locations in Queens, New York. According to its website, the practice is run by three providers. OCLI Vision provides ophthalmic services and treatments, including treatment for cataracts, corneal disease, refractive surgery, glaucoma, oculoplastics, retinal disease and neuro-ophthalmology. Founded in 1997, OCLI Vision offers eye care services at locations throughout Connecticut, New Jersey, New York and Pennsylvania. The Bloom... Read More »
Vista Equity Partners Acquires Model N for $1.25 Billion
On April 8, Vista Equity Partners, a private equity firm based in Austin, Texas, announced that it acquired Model N. Under the terms of the agreement, Vista will acquire all the outstanding shares of Model N common stock for $30.00 per share in an all-cash transaction valued at approximately $1.25 billion. Model N is a leader in revenue optimization and compliance for pharmaceutical, medtech and high-tech innovators. It is based in San Mateo, California and has additional locations in Tennessee, Colorado and Delaware as well as India and Switzerland. Vista Equity Partners has more than $101 billion in cumulative capital commitments, as of September 2023. It invests in the... Read More »
Johnson & Johnson to Acquire Shockwave Medical for $13.1 Billion
Johnson & Johnson announced on April 5 that it will acquire all outstanding shares of Shockwave Medical for $335 per share in cash, corresponding to an enterprise value of approximately $13.1 billion including cash acquired. Shockwave Medical is a cardiovascular medical device company changing how calcified cardiovascular disease is treated with intravascular lithotripsy (IVL). IVL safely uses sonic pressure waves to disrupt challenging calcified plaque, resulting in significantly improved patient outcomes. Shockwave has also recently acquired the Reducer, which is under clinical investigation in the United States and is CE Marked in Europe. By redistributing blood flow within the... Read More »
MedLife Acquires Romania-based Personal Genetics
On April 4, MedLife announced its acquisition of a majority stake in Personal Genetics. With this, MedLife becomes the operator with the greatest expertise in the field of genetic sequencing and molecular biology and one of the largest networks of laboratories and collection centers nationwide, the company said in a filing to the Bucharest Stock Exchange. Established in 2011, Personal Genetics is a Bucharest, Romania-based human medical genetics center with national coverage. The company offers advanced genetic diagnostic services for a wide range of conditions, in oncology, onco-hematology, gynecology and rare diseases. Personal Genetics has a network of 18 centers throughout Romania and... Read More »
First Fertility Acquires Fertility & Surgical Associates of California
On April 2, First Fertility announced that it was expanding into California with the purchase of Fertility & Surgical Associates of California. Fertility & Surgical Associates of California is a fertility practice internationally recognized as a leader in advanced fertility treatment. It operates out of three locations in California. According to its website, the practice has four providers on staff. First Fertility is one of the largest fertility networks in the United States. It has more than 35 locations in North America, serving patients in 15 states, including Alabama, Connecticut, Florida, Illinois, Louisiana, Maine, Massachusetts, Mississippi, Missouri, New... Read More »
Viemed Healthcare Acquires East Alabama HomeMed
Viemed Healthcare, Inc. announced that it acquired East Alabama HomeMed. East Alabama HomeMed, also called HomeMed, provides home medical equipment services to patients within the East Alabama Health network, as well as those in the surrounding areas of Eastern Alabama. Viemed Healthcare is a provider of in-home medical equipment and post-acute respiratory healthcare services in the United States. Viemed’s service offerings are focused on effective in-home treatment with clinical practitioners providing therapy and counseling to patients in their homes. The transaction closed on April 1, 2024, with Viemed acquiring a majority ownership interest and assuming managerial... Read More »Schedule a demo
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