Healthcare M&A Weekly 1.9.23

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.
  • Akeso Occupational Health, a California--based company operating a chain of occupational therapy clinics sponsored by Kain Capital, announced the acquisition of Inland Empire Occupational Medicine of Riverside, California. Read more here.
  • CaseWorthy, a Salt Lake City-based human services case management software backed by Symphony Technology Group, has made a majority investment in MediSked, a health and human services software provider for publicly funded agencies and non-profits as well as care management administrative entities. Read more here.
  • Careficient, provider of Electronic Medical Record (EMR) solutions, announced the acquisition of Net Health’s EMR line of home health, hospice, home care and palliative solutions and RCM services (collectively, “home health and hospice”). Read more here.
  • Certara (NASDAQ: CERT), a Princeton, New Jersey-based regulatory writing consultancy services and model-informed drug development software firm, has acquired Vyasa Analytics, a Boston, Massachusetts-based provider of scalable deep-learning software which allows life sciences organizations to perform predictions and answer complex questions across structured and unstructured bio-medical information. Read more here.
  • Codex IT, a Columbus, Ohio-based healthcare technology solutions and managed services, announced the acquisition of Intranet Consulting, a Salt Lake City, Utah-based premier managed services provider. Read more here.
  • DW Healthcare Partners, a healthcare-focused private equity firm, announces the completion of its investment in Med Learning Group, previously a division of Ultimate Medical Academy, is a full-service medical education company that holds an Accreditation with ACCME. Read more here.
  • ECHO Health, a Westlake, Ohio-based insurance claim disbursements software firm, acquired Prelude Software, a Braintree, Massachusetts-based provider of payment software. Read more here.
  • Health Network One, a Fort Lauderdale, FL-based hospital and healthcare company, backed by H.I.G. Capital has acquired Premier Eye Care, a Boca Raton, FL-based company involved in optometry and ophthalmology. Read more here.
  • HealthStream (NASDAQ: HSTM), the Tennessee-based provider of workforce and provider solutions for the healthcare industry, has acquired substantially all of the assets of Electronic Education Documentation System, an Ashville, North Carolina-based healthcare technology company. HealthStream acquired substantially all of the assets of eeds for approximately USD 7m in cash, subject to customary post-closing purchase price adjustments. Read more here.
  • Help at Home,  a Chicago, Illinois-based provider of home care and community-based services backed by Centerbridge Partners and The Vistria Group, announced the acquisition of Open Systems Healthcare home care operations in Pennsylvania and Delaware. Read more here.
  • Henry Schein (NASDAQ: HSIC), the Melville, NY-based healthcare company, announced that its subsidiary, eAssist Dental Solutions, a UT-based dental solutions company, has acquired a majority interest in Unitas PPO Solutions, the Mesa, AZ-based dental services provider. Read more here.
  • iCoreConnect, a SaaS company with an enterprise and healthcare workflow platform, and FG Merger Corp, a special purpose acquisition corporation, announced they have entered into a business combination agreement to trade under the ticker “ICCT”. Read more here.
  • Karrington Clinical Laboratory, a Fulton, Maryland-based medical lab company, acquired the Matrix Clinical Laboratory from Matrix Medical Network, a Scottsdale, Arizona-based provider of in-home health assessments and care management services. Read more here.
  • KeyCare, a Chicago-based virtual-first care platform built with Epic, announced the completion of $27M Series A funding round led by Ziegler. Read more here.
  • ModMed, a Boca Raton, Florida-based physicians practice management software firm backed by Warburg Pincus, has acquired Xtract Solutions, a Beaverton, Oregon-based the allergy testing and immunotherapy software. Read more here.
  • Neuca Group (WSE:NEU), a Polish pharmaceutical wholesale group, has announced that its US, Delaware-based subsidiary Neuca Clinical Trials, acquired a 72.6% stake in OncoBay Clinical, a Tampa, Florida-based clinical research organization for $33.5m. Read more here.
  • Nocturne Acquisition Corporation (NASDAQ: MBTCU), a La Jolla, California-based special purpose acquisition company, announced execution of a definitive business combination agreement with Cognos Therapeutics, an Inglewood, CA-based neurological medical device firm, for $120m. Read more here.
  • Onc.AI, a California-based medical technology company developing a novel digital clinical management solution focused on immuno-oncology, announced that it has raised $25m in a Series A financing round co-led by MassMutual and Action Potential Venture Capital. Read more here.
  • Planet DDS, a Newport Beach, California-based cloud-based software solutions for dental practices provider, has acquired Cloud 9 Software, a Roswell, Georgia-based dental practice management systems company, from Accel-KKR. Read more here.
  • Quipt Home Medical Corp, a U.S. based home medical equipment provider, focused on end-to-end respiratory care, announced that it has acquired Great Elm Healthcare, a division of Great Elm Group (NASDAQ:GEG) for $80m. 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.
Like most websites we use cookies here, but we don't share your information. By continuing your visit, you accept the use of cookies. Find out more