MARKET ANALYSIS

Healthcare M&A Weekly 2.12.24

A Look at Recent Transactions Shaping the Future of Healthcare

This week's article provides a summary of recent healthcare M&A news for February 12, 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 - February 5, 2024.

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• Akumin, a Plantation, FL-based provider of radiology and oncology services across the U.S., has become privatized and wholly-owned by Stonepeak, an alternative investment firm specializing in infrastructure and real assets. Click here to view the announcement.

 

• Ambience Healthcare, a San Francisco, CA-based artificial intelligence (AI) company developing technology for healthcare providers, has raised $70M in a Series B round co-led by Kleiner Perkins and OpenAI Startup Fund. Learn more about the financing here.

 

• Catalent [NYSE:CTLT], a New-York based provider of development solutions and drug delivery technologies, will be acquired by Denmark-based private equity and venture capital firm Novo Holdings in an all-cash transaction. Read more about the acquisition here.

 

• Connections Wellness, based in Dallas-Fort Worth, TX, has merged with Integrated Addiction Care and Vertava Health of Tennessee to form Blended Health, a Summit Partners-backed platform company focused on expanding access to care for adolescents and adults with acute mental health challenges. Learn more about the merger here.

 

• Everside Health and Marathon Health, providers of advanced primary care and occupational health for employer and union-sponsored clients, announced the closing of their merger to deliver advanced primary care, mental health, occupational health, musculoskeletal and pharmacy services to customers. Click here for more on the merger.

 

• Ezra, a healthcare AI company focused on early cancer detection, announced that it has raised $21M in new funding. View the press release here.

 

• Headlight, a tech-forward mental health practice committed to offering patients convenience and a simplified care journey, announced $18M in new venture funding, led by Matrix and EPIC Ventures. Read more about the financing here.

 

• IBA has acquired Radcal, a leader in diagnostic X-ray measurement, to expand its medical imaging quality assurance offering and strengthen its presence in the US market. Read more about the acquisition here.

 

• Inovalon, a Bowie, MD-based, PE-backed provider of cloud-based software solutions for data-driven healthcare, has acquired VigiLanz, a Minneapolis, MN-based provider of clinical surveillance and patient safety software and data company. Click here for more on the transaction.

 

• Orthopedic Care Partners, a Fort Lauderdale, FL-based orthopedic practice management platform, has acquired The Orthopedic Partners, a Utah-based orthopedic practice with 11 specialized providers and four locations in Park City, Heber City, Salt Lake, and the Park City Surgery Center. Read more about the acquisition here.

 

• Premier Radiology Services, a radiology service provider, has acquired NationalRad, a Florida-based leading provider of subspecialty teleradiology services. View the press release here.

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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.