Healthcare M&A Weekly 3.27.23

MAR 27
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.
  • Ascend Vision Partners, backed by Chicago Pacific Founders, has announced a partnership with Winter Park Ophthalmology, adding another premier eye care practice to their network. Read more here.
  • Emmes, a healthcare contract research organization has acquired Essex Management, a biomedical informatics and health information technology-focused consultancy. Emmes is a portfolio company of New Mountain Capital. Read more here. 
  • Espire Dental announced the recent acquisition of Fox Creek Family Dental, a five-location group with practices located in Longmont, Loveland, Thornton, Westminster and Broomfield, CO. Espire Dental is backed by Rallyday Partners LLC. Read more here.
  • Fingerpaint Group, an integrated collective of healthcare companies that offer commercialization solutions spanning the full product life cycle, is growing its robust medical communications expertise with the acquisition of PharmaHEALTHLabs, a highly scientific healthcare communications agency that specializes in the oncology and biologics space. Read more here.
  • Gravie, one of the fastest growing employer health benefits companies in the United States, announced that General Atlantic, a leading global growth equity investor, will anchor a $179M equity investment into the Company, alongside participation from existing Gravie investors FirstMark Capital and AXA Venture Partners. Read more here.
  • INVO Bioscience, Inc. (Nasdaq: INVO), a commercial-stage fertility company focused on expanding access to advanced treatment worldwide with its INVOcell® medical device and the intravaginal culture procedure it enables, announced it has signed binding agreements to acquire Wisconsin Fertility Institute. The purchase price of the acquisition is $10M payable over a three-year period. Read more here.
  • Janus, a leading provider of healthcare revenue cycle management technology, announced it received a strategic growth investment from Enhanced Healthcare Partners. Read more here.
  • Love.Life, a health and wellness company leading the convergence of food, medicine, and wellness therapies, announced the acquisition of Plant Based TeleHealth Inc., a nationwide telemedicine service focused on the prevention and reversal of chronic disease utilizing lifestyle medicine. Read more here.
  • Maven Clinic, the world's largest virtual clinic for women's and family health, announced that it has acquired the London-based digital health company Naytal to accelerate its expansion in the United Kingdom and throughout Europe. Read more here.
  • Proxim Diagnostics Corp., an innovative company developing a handheld, point-of care diagnostic device, announced it has received a strategic investment from bioMérieux, a world leader in the field of in vitro diagnostics. The funds will be used to complete the development and commercial path for Proxim’s Profile System, a portable and fully automated immunodiagnostic device that can run a variety of multiplexed assays with disposable cartridges. Read more here.
  • PurposeCare, a leading provider of coordinated home care and home health services in the Midwest, announced  the acquisition of Home Sweet Home In-Home Care, a St. Joseph, Michigan-based independent home health care agency that has provided high-quality services to southwest Michigan residents since its inception in 2011. Read more here.
  • Safe Life AB, the Sweden based AED and first aid company has acquired Coro Medical LLC, the United States based distributor of new and refurbished AEDs, manual defibrillators, and related training and services. Read more here.
  • SonderMind, provider of personalized mental health care, announced the acquisition of Mindstrong’s technology and transition of select technology team members, accelerating SonderMind’s efforts to revolutionize the industry by delivering personalized, objectively measurable, high-quality care. Read more here.
  • Waud Capital Partners, in partnership with experienced healthcare executives Bales Nelson and Allen Dye, announced the establishment of a new platform company, Fusion Health. Fusion Health will provide clinical staffing services to healthcare facilities, providers, and health plans, solving a variety of episodic clinical resource needs through technology-enabled solutions. 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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