MARKET ANALYSIS

Healthcare M&A Weekly 1.8.24

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 8, 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 - December 18, 2023.

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• Acentra Health, a provider of clinical services and technology solutions to government healthcare agencies, announced that it has acquired EAP Consultants, LLC, a leader in workplace mental health and well-being programs. Read more about the acquisition here.

 

• American Pain Consortium, a market-leading, physician-led provider of advanced interventional pain management services, announced a strategic growth investment from Cresset Partners, Cedar Pine, and American Discovery Capital. Click here for more on the investment.

 

• Arbital Health, a technology startup focused on accelerating the healthcare industry's transition to value-based care, announced the acquisition of Santa Barbara Actuaries, and $10 million in Series A financing led by digital healthcare investor Transformation Capital. Click here to learn more.

 

• ARC Health, an Independence, OH-based mental health practice operator and portfolio company of Thurston Group, announced the acquisition of Mindsoother Therapy Center, a mental health practice providing comprehensive behavioral healthcare services to Livingston, New Jersey residents. Read more here. Additionally, ARC Health acquired Exult Healthcare, a Texas-based mental health practice providing comprehensive behavioral healthcare services. Read more here.

 

• Elevance Health announced that it has entered into an agreement to acquire Paragon Healthcare, Inc., a company specializing in life-saving and life-giving infusible and injectable therapies. View the announcement here.

 

• Ensign [NASDAQ: ENSG], a provider of skilled nursing, senior living services, therapies and other healthcare services, announced that it has acquired the operations of TriState Health and Rehabilitation Center, a 116-bed skilled nursing facility located in Harrogate, TN. Read more about the acquisition here.

 

• Huntsville Hospital Health System, a community hospital, is to acquire DeKalb Regional Medical Center, the local hospital. The transaction is pending regulatory approval and is expected to be finalized on March 31st. Click here to learn more.

 

• Nalu Medical, a private company focused on innovative, minimally invasive, and non-opioid solutions for chronic neuropathic pain, announced the closing of a $65M equity financing led by Novo Holdings. Learn more about the financing here.

 

• O2X Human Performance, a provider of custom wellness and performance programs for federal agencies, the military, public safety departments, and corporations in the U.S., announced a growth investment from Falfurrias Growth Partners. Read more about the investment here.

 

• Pharos Capital Group announced its acquisition of a majority stake in RhythMedix, a leading manufacturer and provider of remote cardiac monitoring systems and related services. Read the press release here.

 

• Renovus Capital Partners announced an investment in Behavioral Framework, a leading provider of applied behavior analysis (ABA) therapy for children diagnosed with autism spectrum disorder. Click here for more on the investment.

 

• RoundTable Healthcare Partners, an operating-oriented private equity firm focused exclusively on the healthcare industry, announced that it has completed the sale of TIDI Products to The Jordan Company, a New York-based middle-market private equity fund. Read more here. Additionally, RoundTable Healthcare Partners announced a partnership and investment in EHOB, a manufacturer and distributor of pressure injury prevention and safe patient handling products used in the acute care setting. Read more here.

 

• Sterling Check Corp, a provider of technology-enabled background and identity verification services, has acquired Vault Workforce Screening, a leading U.S. clinic management platform. Read more about the acquisition here.

 

• Veradigm, a medtech software company engaged with delivering an open integrated platform for healthcare organizations, has acquired Koha Health, a company focused on providing revenue cycle management (RCM) solutions to the ambulatory healthcare market. Click here to view the press release.

 

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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.