A Look at Recent Transactions Shaping the Future of Healthcare
This week's article provides a summary of recent healthcare M&A news for June 17, 2024.
The healthcare industry is rapidly evolving, with the lines between the healthcare technology and services sectors blurring - creating the catalyst for innovation, transformation, and continued market activity. TripleTree's Healthcare M&A Weekly summarizes recent mergers, acquisitions, and investments shaping the future of healthcare.
To view previous healthcare M&A activity, please review last week's post: Healthcare M&A Weekly - June 11, 2024.
- Addus HomeCare Corporation [NASDAQ:ADU], a Frisco, TX-based provider of home care services, announced a definitive agreement to acquire the personal care operations of Gentiva for an anticipated purchase price, after customary purchase price adjustments, of approximately $350M. Read more about the acquisition here.
- Apex Infusion, a Signal Hill, CA-based provider of ambulatory infusion therapy services, has received an investment from FFL Partners, a private equity firm focused on growth investments in healthcare and tech-enabled services businesses. Click here for more on the investment.
- Brightside Health, a San Francisco, CA-based tele-mental health company, has acquired Lionrock Recovery, a virtual substance abuse counseling company based in California. Learn more about the acquisition here.
- Cosmos Health [NASDAQ:COSM], a Chicago, IL-based distributor of pharmaceuticals, branded generics, OTC medications and medical devices, has acquired the pharmacy distribution network owned by PELOFARM Ι.Κ.Ε., an established pharmaceutical wholesale company operating in the region of Arcadia, Greece. View the press release here.
- Healthly, a Los Angeles, CA-based medical services firm backed by Corbel Capital Partners, announced the non-clinical acquisition and a partnership with Lifestyle Medical, a medicine-based primary care practice in Southern California. Read the announcement here.
- IRA Capital, an Irvine, CA-based private equity firm, acquired Quail Park of Lynnwood, a 253-unit senior housing facility in Lynnwood, WA, and plans to close on $325M in investments in the next 30 days. Read more about the acquisition here.
- Kauhale Health, a Westerville, OH-based provider of assisted living and memory care services to seniors, has acquired The Parker, an assisted living and memory care community. Click here for more on the acquisition.
- MDpanel, a Los Angeles, CA-based provider of expert medical opinions as part of the insurance claims process, and backed by Aquiline Capital Partners, has expanded its presence in the Midwest with the acquisition of Medical Evaluators, an Ohio-based provider of independent medical evaluations (IMEs). Learn more about the acquisition here.
- NeuroFlow, a Philadelphia, PA-based provider of behavioral health technology infrastructure, has acquired Owl, a Portland, OR-based care technology company. The combined entity will oversee over 17 million users on the platform and assist payers and providers across all 50 states. View the announcement here.
- ONO Pharmaceutical [TYO: 4528] has completed its $2.4B acquisition of Deciphera Pharmaceuticals [NASDAQ: DCPH], a Massachusetts-based drug discovery and development company. Read more about the acquisition here.
- RedSail Technologies, a provider of pharmacy technology and solutions, announced a strategic growth investment from Leonard Green & Partners (LGP). As part of the transaction, Francisco Partners (FP), which created RedSail by combining two separate divisional carve-outs in 2020, will also reinvest in the company alongside management. TripleTree served as lead advisor to RedSail for this transaction. View the press release here.
- Think Research Corporation, a software medical company, has sold its subsidiary BioPharma Services to HEALWELL AI, a domestic healthcare technology company. Read the announcement here.
Transactions outlined in this summary highlight some of the key trends shaping the future of healthcare. Get the latest industry news from TripleTree every week.
This is a partial list of transaction activity across the healthcare industry and is not intended to be a complete listing. Transaction information was identified from various sources and TripleTree may or may not have acted as the financial advisor for the transactions listed. All product names, logos and brands are property of their respective owners. All company, product and service names used in this communication are for identification purposes only. Use of these names, logos and brands does not imply endorsement.
