• Health Catalyst Invests In healthfinch

    To kick off the third quarter, Health Catalyst has announced its second acquisition of 2020. On July 9, the company announced it acquired healthfinch, Inc. for roughly $40 million. healthfinch provides a workflow integration engine delivering insights and analytics into EMR workflows to automate physicians’ ability to close patient care gaps in... Read More »
  • Second Quarter Healthcare M&A Activity Drops

    The decline in second quarter healthcare M&A probably won’t surprise many of our readers. The second quarter was the first full quarter of healthcare M&A in the shadow of the COVID-19 pandemic, and deal making took a hit as a result, as shown in results from our DSO database. Compared with Q1:20, Q2:20 dropped 20%, with 322 transactions... Read More »
  • Sanofi Inks New Licensing Deal

    Just weeks following its agreement with Translate Bio (NASDAQ: TBIO) for COVID-19 vaccine development, Sanofi (NYSE: SNY) has a new agreement with Kymera Therapeutics Inc. Sanofi and Kymera are signing a multi-program collaboration to develop and commercialize first-in-class protein degrader therapies targeting IRAK4 in patients with... Read More »
  • Summit BHC Expands Into West Virginia

    Private equity-backed Summit BHC has announced a new acquisition in West Virginia. The behavioral health treatment company added Highland Hospital to its network for an undisclosed sum. Meridian Behavioral Health Systems, LLC is selling Highland Hospital, an inpatient psychiatric facility (131 beds) with 24 beds dedicated to psychiatric... Read More »
  • Health Care M&A Deals, July 10, 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. The largest deal of the week based on... Read More »
Home Health & Hospice Sector Deals Dipped in Q3:19

Home Health & Hospice Sector Deals Dipped in Q3:19

Deal volume in the home health and hospice sector dipped slightly in the third quarter of 2019, down 23% with 20 publicly announced transactions, compared with 26 acquisitions in the second quarter, according to data from HealthCareMandA.com. Compared with the third quarter of 2018, home health and hospice M&A activity decreased by 20%, when 25 acquisitions were announced. Six of the transactions disclosed prices in the third quarter of 2019, for a combined total of nearly $1.2 billion. In the same quarter of 2018, the total dollar value based on disclosed prices was just $7.2 million. Of the 20 transactions announced in the third quarter, 35% were announced by private equity firms or... Read More »
HealthDrive Acquires New England Geriatrics

HealthDrive Acquires New England Geriatrics

Bain Capital Double Impact and HealthDrive are wasting no time to expand. Although the private equity firm just acquired Healthdrive back in January, the portfolio company announced in February that it’s acquired New England Geriatrics. Founded in 1989, HealthDrive provides on-site dentistry, optometry, podiatry and audiology services to residents in long-term care facilities. New England Geriatrics will complement those services with its psychiatric services, currently provided to more than 13,000 patients in over 129 geropsychiatric hospital units, long-term care facilities, rest homes and assisted living facilities throughout Massachusetts and Connecticut. With a new behavioral... Read More »
Home Health & Hospice Deals Kick Off 2019

Home Health & Hospice Deals Kick Off 2019

The Home Health & Hospice sector is predicted to see a great deal more mergers and acquisitions in 2019 than it has in recent years. Bullish industry watchers cite the growing momentum behind value-based health care delivered in lower-cost settings as just one tailwind that is expected to boost the sector. This sector closed out 2018 with 82 deals in our database, the best year for M&A since 2014, when 81 deals were made public. Four deals are already on the books, all announced in the first week of the new year. Three are from private equity sponsors or their platform companies. One deal echoed a growing trend of joint ventures between not-for-profit health systems and for-profit... Read More »
Bain Capital Builds a Home Health Platform

Bain Capital Builds a Home Health Platform

Bain Capital Double Impact, the impact investing business of Bain Capital, waded into the Home Health Care sector last week. The fund acquired two regional companies on both coasts in order to combine them and create a national home care platform for older adults called Arosa+LivHome. Arosa, based in Durham, North Carolina, operates Nurse Care of North Carolina and Developmental Therapy Associates. The companies provide non-medical in-home care, skilled in-home care, pediatric therapy and facility staffing throughout central and eastern North Carolina. Out in Los Angeles, LivHome offers a personalized suite of in-home care and care management solutions to residents of California, Illinois... Read More »