MARKET ANALYSIS

Healthcare M&A Weekly 1.16.24

A Look at Recent Transactions Shaping the Future of Healthcare

This week's article provides a summary of recent healthcare M&A news for January 16, 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 - January 8, 2024.

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• ARC Health, a group of mental healthcare practices, has acquired Mindsoother Therapy Center (Mindsoother), a mental health practice providing comprehensive behavioral healthcare services to Livingston, New Jersey residents. Read more about the acquisition here.

 

• Albaron Podiatry Holdings LLC d/b/a Beyond Podiatry, a podiatric medicine practice management company, has been acquired by CUC Inc. Click here to read more about the acquisition.

 

• Boston Scientific Corporation  announced it has entered into a definitive agreement to acquire Axonics, Inc., a publicly traded medical technology company primarily focused on the development and commercialization of differentiated devices to treat urinary and bowel dysfunction. Learn more about the acquisition here.

 

• CardioFocus, Inc., a medical device company dedicated to advancing ablation treatment for cardiac arrhythmias, announced the acquisition of Galvanize Therapeutics' Electrophysiology Technology division. Click here for more on the transaction.

 

• ClarisHealth, a provider of enterprise payment integrity technology for health plans, has secured a strategic growth investment from Pamlico Capital. Read more about the investment here.

 

• ClinicMind, a provider in multi-specialty EHR and RCM services, announced that Genesis Chiropractic, a provider of EHR software and billing services to chiropractors, has joined forces with ClinicMind. Click here to view the press release.

 

• Elevate Patient Financial Solutions, a provider of technology-enabled specialty revenue cycle management (RCM) solutions, announced the acquisition of Professional Medical Services, a provider of RCM solutions focused on low-balance accounts receivable resolution. Read more about the acquisition here.

 

• Evaluate, a Norstella company, announced the acquisition of J+D Forecasting, a provider of forecasting solutions for the pharmaceutical industry. Learn more here.

 

• Fortis Health acquired Physiocare Home Health and Hospice, a Medicare-certified home health and hospice provider that operates in Indiana. Click here for more on the transaction.

 

• GE HealthCare announced it has entered into an agreement to acquire MIM Software, a global provider of medical imaging analysis and artificial intelligence (AI) solutions for the practice of radiation oncology, molecular radiotherapy, diagnostic imaging, and urology at imaging centers, hospitals, specialty clinics, and research organizations worldwide. Read more about the acquisition here.

 

• Graphium Health, a provider of anesthesia healthcare technology solutions, announced the acquisition of The ABG Anesthesia Data Group, LLC, a move aimed at bolstering advancements in anesthesia quality and safety. View the announcement here.

 

• Medline, a market-leading manufacturer and supplier of medical supplies and solutions, announced the acquisition of United Medco, a national provider and partner of supplemental benefits and member engagement solutions. Read more about the acquisition here.

 

• MedRisk, a managed care organization dedicated to the physical rehabilitation of workers' compensation patients, announced its acquisition of Medata, a provider of cost management and clinical solutions in the United States. Click here to learn more.

 

• New Day Healthcare, a home health and hospice provider, has acquired Texas-based Compassion Hospice for an undisclosed amount. Learn more here.

 

• OrthoPediatrics Corp., a company focused on advancing the field of pediatric orthopedics, announced that it has acquired Boston Orthotics & Prosthetics, a leader in pediatric orthotic management. Read more about the acquisition here.

 

• Quest Diagnostics, a provider of diagnostic information services, announced it has acquired select assets of Steward Health Care System's outreach laboratory services business serving patients and physicians in Pennsylvania and Ohio. Click here for more on the transaction.

 

• Sabai Group LLC, a provider of custom solutions for biosafety and human research protections, announced the acquisition of Alpha Independent Review Board, LLC. Read more about the acquisition here.

 

• Schweiger Dermatology Group announced it has acquired United Skin Specialists. Learn more here.

 

• Uwill, an on-campus mental health provider, announced the acquisition of Christie Campus Health, which offers counseling and mental health and wellness support to 750,000 students from more than 100 colleges. View the announcement here.

 

• Ventra Health announced that it has combined forces with Advocate RCM, a provider of premium technology-enabled RCM services for radiology and other facility-based physician specialties. Click here for more.

 

• Vision Innovation Partners, a mid-atlantic eye care platform with nearly 70 locations, announced that it has acquired Bucks-Mont Eye Associates, P.C. Learn more about the transaction.

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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.