A Look at Recent Transactions Shaping the Future of Healthcare

This week's article provides a summary of recent healthcare M&A news for May 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 - May 13, 2024.

 

• Alpha Aesthetics Partners, a Thurston Group portfolio company and supporters of medical spas with top-tier resources, expertise, and growth strategies acquired RN Esthetics, a medical aesthetic practice with three locations on the North Shore of Massachusetts. Read more about the acquisition here.
• Avathon Capital has acquired Summit Professional Education, a provider of continuing education for allied health professionals from Greybull Stewardship. Learn more about the acquisition here.
• The Brydon Group, an investment firm that partners with experienced executives to acquire and operate businesses in software and business-to-business, government, and healthcare services has acquired Micro-Dyn Medical Systems. View the announcement here.
• Dove Healthcare, a Wisconsin-based post-acute and long-term care provider, has acquired Spooner Care Centers, a skilled nursing center and an assisted living residence in Spooner, WI. Click here to learn more about the acquisition.
• Eventus WholeHealth, a full-service, physician-led provider of interdisciplinary healthcare to individuals residing in skilled nursing and assisted living facilities, announced that it has acquired Premier Geriatric Solutions, a market leader in value-based medical directorships, primary care and behavioral health services in Virginia, West Virginia, and North Carolina. Read more about the acquisition here.
• Golden State Dermatology announced a new partnership with Gregory Bricca, MD which includes his medical dermatology practice and his ambulatory surgery center (California Skin Surgery Center), all based in Roseville, CA. View the press release here.
• HealthEquity, a provider of Health Savings Account (HSA) and consumer-directed benefits administration, acquired Conduent's BenefitWallet HSA Portfolio (NASDAQ: CNDT). HealthEquity will welcome more than 616,000 HSA members and approximately $2.7B in HSA assets. Learn more about the transaction here.
• MB2 Dental Partners, a dental partnership organization (DPO) working to empower dentists to preserve their profession and practice, has partnered with Potach & Mitchell Dental Clinic, a dental practice located in Austin, MN. Read more here. MB2 Dental also partnered with CopperMine Dental Studio, a provider of specialized tooth restoration and replacement services in both Rancho Sahuarita and Madera Canyon, AZ. Read more here.
• The Pennant Group (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, acquired Nurses on Wheels, a provider of hospice services in Corpus Christi, Texas. Click here to learn more.
• Southern Pediatrics, a provider of comprehensive care in resource-limited communities, has acquired Grace Pediatrics, a well-respected pediatric group serving children in Middle Tennessee with 3 locations and 14 providers. View the announcement here.
• Tulip Hill Recovery, Louisville Addiction Center, and Lexington Addiction Center have merged to form Tulip Hill Healthcare. The merger unites the strengths of three addiction recovery organizations to enhance Partial Hospitalization Program (PHP) and Intensive Outpatient Program (IOP) services across several states. Read more about the merger here.
• TurningPoint Healthcare Solutions, a leader in comprehensive condition management, has acquired Fairway Health, a health technology company specializing in AI-powered tools that streamline complex clinical workflows. Click here for more about the acquisition.
• Versant Diagnostics, an independent physicians services company, has acquired Associate Pathologists of Joliet, a multi-specialty pathology practice based in Joliet, IL. Learn more about the acquisition 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.