Insights

A Look at Recent Transactions Shaping the Future of Healthcare

This week's article provides a summary of recent healthcare M&A news for June 12, 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 - June 5, 2023.

• Allentown, LLC, a portfolio company of Aterian Investment Partners, announced the acquisition of Northwestern Systems Corporation. Read more here.
• ARC Health, a Thurston Group portfolio company, announced the acquisition of Silver Lake Psychology, a mental healthcare provider group. Read more here.
• CERo Therapeutics, Inc., an innovative immunotherapy company seeking to advance the next generation of engineered T-cell therapeutics that employ phagocytic mechanisms, and Phoenix Biotech Acquisition Corp., a special purpose acquisition company, announced they have entered into a definitive business combination agreement. Read more here.
• Contentra, a leader in occupational medicine, announced the acquisition of Holland Medi Center (Read more here) and One Source Occupational Medicine (Read more here).
• Cordata Healthcare Innovations, a SaaS company serving at-risk populations by coordinating treatment and community resources has acquired MedReportGuard, a comprehensive solution for supporting and meeting the needs of interpersonal violence survivors. Read more here.
• Dallas County Hospital announced the acquisition of Broadlawns Dallas Center Clinic. Read more here.
• The Guthrie Clinic has agreed to acquire Our Lady of Lourdes Memorial Hospital from Ascension. Read more here.
• Hosparus Health has acquired Baptist Health Deaconess Hospice. Read more here.
• HUB International, a leading full-service global insurance brokerage and financial services firm, announced that it has acquired the employee benefits assets of HORAN Associates, Inc. and HORAN Smart Business, LLC. Read more here.
• Kortesis Bharti Management Group, LLC, parent company to H/K/B Cosmetic Surgery brand, announced the acquisition of Lowcountry Plastic Surgery Center. Read more here.
• Med-Metrix, LLC, a provider of technology-enabled RCM solutions, backed by A&M Capital Partners, announced it has acquired Tritech Healthcare Management, LLC. Read more here.
• MGS Manufacturing Group, Inc., a provider of integrated manufacturing solutions for complex, high-precision plastic components for healthcare and pharma applications, announced that it has acquired Technolution A/S, a consultancy and development company within pharma and medtech. Read more here.
• Optum, a subsidiary of UnitedHealth Group, has submitted an all-cash proposal to the Board of Directors of Amedisys in a bid to combine with the home health, hospice and high-acuity care provider in a transaction estimated at $3.26 billion. Read more here.
• Paratek Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company focused on the development and commercialization of novel therapies for life-threatening diseases and other public health threats, announced it has entered into a definitive agreement to be acquired by Gurnet Point Capital and Novo Holdings. Read more here.
• Pareto Health, Inc, an employee benefits platform, announced a significant investment from Warburg Pincus. TripleTree served as exclusive financial advisor to Pareto Health for this transaction. Read more here.
• Parkview Health System is to acquire Ohio-based Community Hospital and Wellness Centers. Read more here.
• Priority Ambulance acquired the assets of Greater Amsterdam Volunteer Corps, including the agency's Certificate of Need. Read more here.
• The Oncology Institute (NASDAQ: TOI), announced the acquisition of Southland Radiation Oncology Network, which will amplify TOI's radiation oncology market presence by five additional clinics across the eastern San Gabriel Valley and Inland Empire. Read more here.
• Ryan Specialty, a leading international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of Point6 Healthcare, LLC, a distributor of medical stop loss insurance, pharmacy solutions, and complex claims management on behalf of retail brokers and third party administrators. Read more here.
• SpendMend, a leading provider of solutions to optimize the cost-cycle for the healthcare industry, has announced the successful completion of its acquisition of Rebate Insight, a software solution provider that streamlines the management and optimization of rebates for healthcare organizations. Read more here.
• TPG (NASDAQ: TPG), a global alternative asset management firm, and AmerisourceBergen Corporation (NYSE: ABC) have announced the completion of their previously announced acquisition of OneOncology, a network of leading oncology practices. Read more here.
• Wolters Kluwer Health announced it has signed and completed the acquisition of Invistics Corporation, a provider of cloud-based, AI-enabled software for drug diversion detection and controlled substance compliance. 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.