MARKET ANALYSIS

Healthcare M&A Weekly 8.28.23

The healthcare industry is rapidly evolving, with the lines betweeen 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.
 

• Enhabit Home Health & Hospice confirms exploration of strategic alternatives to enhance stockholder value. Read more here. 

 

• Genesis Therapeutics, provider of AI technologies used to create medicines for severe diseases, has closed a $200M series B financing co-led by a U.S.-based life-sciences-focused investor and returning investor Andreessen Horowitz (a16z) Bio + Health in addition to several other investors. Read more here.

 

• HealthDrive, a multi-specialty clinical services organization to patients residing in long-term care facilities, was acquired by Cressey & Company. Read more here.

 

• Nursa, a nationwide platform that exists to put a nurse at the bedside of every patient in need quickly and safely, removing the financial strain and operational gaps of traditional staffing methods, has raised $80M in series B funding led by Drive Capital in addition to existing partners. Read more here.

 

• Nutex Health Inc., a tech-integrated healthcare delivery system, has announced acquisitions of Florida-based independent practice associations, Population Health Associates and Managed Care Insurance Consultants, which will assist in expanding their existing client-base. Read more here.

 

• Ovation Healthcare, provider of shared services, announced a merger with 3D Technology, a technology provider of professional and managed services to assist hospitals improve clinical efficiencies and patient experience. Read more here.

 

• Princeton Medspa Partners has acquired its sixth physician-owned medical spa, Advanced Life Clinic, a Huntsville-based aesthetic medical practice. Read more here.

 

• Reproductive Medicine Associates, a New Jersey-based provider of fertility solutions has acquired Conceptions Reproductive Associates of Colorado. RMA is owned by IVI-RMA Global. Read more here.

 

• Sanuwave Health, provider of next-generation wound care products, announced a planned business combination with SEP Acquisition Corp where the combined company is anticipated to trade on the Nasdaq Capital Market. Read more here.

 

• Madison Dearborn Partners portfolio company Solis Mammography, a provider of specialized breast health services including an AI-driven diagnostic tool, has acquired Carolina Breast Imaging, a network of three breast imaging centers. Read more here.

 

• Thyme Care, provider of value-based cancer care services, has secured $60M in a series B fundraise co-led by Town Hall Ventures and Foresite Capital alongside participation from current investors. Read more here.

 

• Timber Pharmaceuticals, a clinical-stage biopharmaceutical company, has agreed to be acquired by LEO Pharma, a medical dermatology company, for a total transaction value of up to $36M. Read more here.

 

• Travel Nurse Across America (TNAA), announced their acquisition of Stogo, an innovative health system shift management platform. Read more here.

 

• WellSky, leading health and community care technology company, has announced its acquisition of Experience Care, provider of a suite of software solutions for post-acute and long-term care providers. 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.