MARKET ANALYSIS

Healthcare M&A Weekly 2.20.24

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 20, 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 12, 2024.

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• AbbVie, a public pharmaceutical research and development company, has completed its acquisition of Immunogen expanding Abbvie's line of immuno-oncology assets. Read more about the acquisition here.

 

• American Pharmacy Cooperative, Inc., a cooperative of over 1,600 independently owned community pharmacies and American Pharmacy Services Corporation, an independent, member-owned cooperative of pharmacies across 8 states, have announced their merger plan. Learn more about the merger here.

 

• Avesi Partners announced that it has made an investment in Visante, a leading provider of specialized tech-enabled consulting and advanced partnership services focused on helping health systems accelerate financial and operational performance through their pharmacy offerings. TripleTree advised Avesi Partners for this transaction. Click here for more on the investment.

 

• Baptist Memorial and Urgent Team Walk-In Urgent Care have announced a partnership creating a branded network of walk-in urgent and family care centers. Read more about the partnership.

 

• CentralReach, a provider of Autism and Intellectual and Developmental Disabilities (IDD) software, has acquired SILAS, a social and emotional learning and behavior solution for children. Learn more about the acquisition here.

 

• Cotiviti, a technology and data analytics company, announced a recapitalization with KKR and long-standing owner Veritas. Read more about the recapitalization here.

 

• IntellaTriage, a provider of after-hours nurse triage services for healthcare providers, has acquired NurseLine, a provider of hospice and home health triage services. Click here to learn more about the acquisition.

 

• Kolter Solutions, a technology staffing solution focused on healthcare IT, has been acquired by national consulting, recruitment, and workforce solutions company, Tandym Group. Read more about the acquisition here.

 

• Nava Health MD, Inc., a tech-enabled chain of healthcare centers, and 99 Acquisition Group, Inc. announced a merger agreement for Nava Health to become a publicly traded entity (NASDAQ: NNAG). View the announcement here.

 

• PatientFi, a technology-based payments platform, has received a significant growth equity investment from Questa Capital. Click here for more on the investment.

 

• Soaak Technologies, a provider of innovative health technology solutions leveraging artificial intelligence (AI) and digital innovation, announced the acquisition of Tulsa Natural Health Clinic, a naturopathic clinic based in Oklahoma. Read more about the acquisition here.

 

• Stockdale Capital Partners has acquired three Banner Health medical office buildings in Arizona. Click here to view the announcement.

 

• Tecum Capital announced an investment in Five Point Dental Specialists, a multi-specialty dental support organization. Learn more about the investment here.

 

• Varsity Healthcare Partners has completed its sale of Angels of Care, a provider of comprehensive home health services to pediatric patients with complex medical conditions, to Nautic Partners. 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.