MARKET ANALYSIS

Healthcare M&A Weekly 4.18.23

APR 18
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 activity and highlights the industry transactions shaping the future of healthcare.
 
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  • 1upHealth, a Boston, Massachusetts-based electronic health records company, raised $40M in a Series C investment round led by Sixth Street Growth. Read more here.
 
  • The Austin, Texas-based Accelemed Research Institute has been acquired by Centre Partners-backed The IMA Group, which is expanding in the Southwest. Read more here.
 
  • Availity, one of the nation's largest real-time health information networks, announced a definitive agreement to acquire the utilization management solution and business unit from healthcare automation company Olive AI, Inc. Read more here.
 
  • Blue Point Capital Partners announced the acquisition of eyebobs, a market leader in premium reading glasses. The investment is part of the firm’s broader plan to build a unique eyewear platform designed for B2B and B2C growth. Read more here.
 
  • Discovery Life Sciences, a Huntsville, Alabama-based biospecimen analysis and procurement firm backed by Water Street Healthcare Partners, has acquired Reachbio Research Labs, a Seattle, Washington-based company specializing in cell-based assays, predictive hematoxicity, and drug screening services. Read more here.
 
  • Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, announced it has acquired MediSource, an independent marketing organization based in Little Rock, Arkansas. Read more here.
 
  • Medical Specialists of the Palm Beaches, a Florida-based primary care-focused, multi-specialty physician group practice, announced that it has acquired Palm Beach Digestive Associates, a gastroenterology practice and colonoscopy clinic, based in Delray Beach, FL. Read more here.
 
  • MedSpa Partners, a Toronto-based operator of medical aesthetics clinics, backed by Persistence Capital Partners, has acquired Faces of South Tampa. Read more here.
 
  • Precision Value & Health, the industry leader in delivering complementary, integrated and specialized capabilities across the commercialization continuum, announced that it has acquired Makara Health, a UK-based international healthcare communications agency. Read more here.
 
  • QualityMetric, a global leader in measuring patient health in clinical trials and in real world settings announced today its acquisition of HealthActCHQ's portfolio of internationally recognized child and infant parent and patient-reported outcome measuring tools, including Child Health Questionnaires. Read more here.
 
  • Rising Medical Solutions, a national managed care firm that provides medical cost containment and medical care management services to the workers' compensation, auto, liability, and group health markets, announced the acquisition of Preferred Disability Management, a regional case management company headquartered in Carmel, Indiana. Read more here.
 
  • Thurston Group, a private equity firm focused on investments in healthcare service companies, announced that it has closed on a partnership with Esthetics Center, a premier MedSpa group based in Sacramento, CA, to form Alpha Aesthetics Partners. Esthetics Center will become the "anchor" affiliate of Alpha Aesthetics Partners, a management services organization focused on partnering with leading medical aesthetics practices nationwide. Read more here.
 
  • Verisma, a trusted disclosure management partner servicing diverse healthcare environments with their most complicated release challenges, and ScanSTAT, Release of Information (ROI) experts specializing in physician groups, ambulatory services, health systems and hospitals with expanded health information management (HIM) solutions, announced a merger of the two companies, creating a new market leader in Release of Information. Read more here.
 
  • VintaBio, a life sciences company with unmatched industry expertise helping alleviate the viral vector bottleneck in cell and gene therapy development, announced $64 million in funding led by Decheng Capital, and a custom-built manufacturing facility in Philadelphia that is open and accepting orders. Read more here.
 
  • Vytalize Health, a leading risk-bearing provider enablement platform, announced it acquired a majority interest in physician-lead Independent Physician Association of New York, through an investment in Practice Management of America. Read more here.

   
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.

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