A Look at Recent Transactions Shaping the Future of Healthcare
This week's article provides a summary of recent healthcare M&A news for July 17, 2023.
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 - July 10, 2023.
- Aspirion, a leading technology-enabled healthcare revenue cycle management provider for complex claims and revenue integrity, announced the acquisition of Continuum Health Solutions, LLC, a trusted motor vehicle accident and third-party liability revenue cycle management company. Read more here.
- Bicycle Therapeutics (Nasdaq:BCYC), a biotech company developing a new class of therapeutics, has commenced an underwritten public offering of $200M. Read more here.
- Big Health, the leading provider of non-drug digital treatments for mental health, has acquired Limbix, creators of the first, evidence-based digital therapeutic for teens and young adults with symptoms of depression. Read more here.
- CoJourney Inc, a global innovator in manufacturing and development of cell & gene therapy has raised $30m in Series A funding led by Legend Holdings. Read more here.
- CurvaFix Inc., a developer of medical devices to repair fractures in curved bones, announced the close of a $39m Series C round led by MVM Partners. Read more here.
- Elara Caring, a multi-state home health provider of clinical services has closed on its acquisition of Assisted Daily Living, a 50-person, privately owned home healthcare provider based in Warwick, RI. Read more here.
- Eli Lilly and Company [NYSE:LLY], has agreed to acquire Versanis Bio, a California-based clinical-stage biopharmaceutical company for up to $1.93B in cash. Read more here.
- HonorHealth, an Arizona-based healthcare system, announced it has signed an agreement to purchase the remaining interest in 26 urgent care centers in Arizona from FastMed. Read more here.
- Infinity Pharmaceuticals, a clinical-stage biotechnology company, announced that its stockholders have adopted a merger with MEI Pharma [Nasdaq:MEIP], a California-based pharmaceutical company. Read more here.
- Integrated Health 21, a Pittsburgh-based medical clinic company backed by Tomayko Group has acquired Health Fitness Concepts RN, an NY-based provider of screenings. Read more here.
- Parker Health, a biotech company for electronic health records and other subscription-based health services, has raised $25m in a Series A round led by Bias Capital. Read more here.
- Phreesia, a leader in patient intake, outreach and activation, announced it has acquired Comsort, Inc. d/b/a MediFind, a health technology company that uses analytics to help patients. Read more here.
- Radon Medical Imaging, a medical imaging equipment maintenance & repair services company, announced it has acquired Tristate Biomedical Solutions, a provider of medical equipment sales and services for imaging and biomedical equipment. Read more here.
- Revelation Pharma Corporation, a Colorado-based pharmaceutical company has acquired Eagle Pharmacy and Lee Silsby Compounding Pharmacy. Read more here.
- Transaction Data Systems, a provider of pharmacy management systems, has announced the closing of their merger with Outcomes, a company that provides patient engagement solutions for payers, pharmacies and pharma companies. Read more here.
- Vantage Surgical Solutions, a provider of mobilized surgical solutions, announced its acquisition of Ophthalmic Surgical Solutions, a Kansas-based company specializing in ophthalmic surgical equipment and services. Read more here.
- WELL Health, a practitioner focused digital health company, has acquired CarePlus Management, a company providing services geared towards anesthesia providers. Read more 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.
