MARKET ANALYSIS

Healthcare M&A Weekly 5.22.23

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.
 

• Advanced Medaesthetic Partners, a leading medical aesthetics platform, announced a strategic investment in an industry-leading medical spa, Glo MedSpa in Wilmington, NC. Read more here.

 

• Alimera Sciences, Inc. [NASDAQ:ALIM], an Alpharetta, GA-based pharmaceutical company, will buy the rights to YUTIQ® (fluocinolone acetonide intravitreal implant) 0.18mg from EyePoint Pharmaceuticals, Inc. [NASDAQ:EYPT], a Watertown, MA-based drug developer, for $82.5M. Read more here.

 

• ARC Health, a Thurston Group portfolio company, announced the acquisition of Denver Wellness Associates, a mental healthcare provider group located in Denver, CO. Read more here.

 

• Aspirion, a leading technology-enabled healthcare revenue cycle management provider for complex claims and revenue integrity, announced that it has acquired FIRM Revenue Cycle Management Services, Inc., a trusted partner to hospital systems in the recovery of denied, unpaid, and underpaid medical insurance claims. Read more here.

 

• Biomerics, the leading vertically integrated contract manufacturer for the interventional medical device market, announced that it has entered into definitive agreements to merge with Precision Concepts' medical business. The transaction includes the acquisition of the medical business of Precision Concepts International as well as Precision Concepts Group. Read more here.

 

• Capitol Pain Institute, backed by Iron Path Capital, has acquired Balcones Pain Consultants, acute pain and chronic pain management facilities, and Water Leaf Surgery Center, a specialty surgery provider. Read more here.

 

• Flourish Research, a NMS Capital portfolio company, announced that it has partnered with company management in the recapitalizations of AMC Research, LLC and Central Research Associates, which are both leading clinical research sites that further establish Flourish as one of the largest integrated clinical research site companies in the U.S. Read more here.

 

• HCA Healthcare, Inc. (NYSE:HCA), one of the nation’s leading healthcare providers, announced it has signed an agreement to purchase 41 urgent care centers in Texas from FastMed. Read more here.

 

• Hippocratic AI announced the industry’s first safety-focused Large Language Model (LLM) designed specifically for healthcare, as well as a $50M seed round co-led by General Catalyst and Andreessen Horowitz. Read more here.

 

• ​Juno Pharmaceuticals Canada, a leader in the commercialization of specialty pharmaceuticals, announced the acquisition of Omega Laboratories, one of Canada’s largest domestic specialty injectable pharmaceutical manufacturers. Read more here.

 

• Nomi Health announced its acquisition of Phoenix-based clinic I Am Wellness. The acquisition expands patient access to critical opioid use disorder (OUD) and substance use disorder (SUD) treatments while driving down care costs for local cities, counties and employers with Nomi’s whole-person and recovery-oriented program for treatment and recovery. Read more here.

 

• Practice Perfect EMR has acquired equity in Clinical Billing Solutions to provide outpatient rehabilitation clinics with a fully-realized Revenue Cycle Management solution. Read more here.

 

• Solaris Health Holdings announced that Spokane Urology, serving Spokane and Spokane Valley in Washington state, has joined as an affiliate. Read more here.

 

• US Pharma Lab, a US nutraceuticals company, has been acquired by Biofarma, an Italian pharmaceutical group backed by the fund Ardian. Read more here.

 

• U.S. Renal Care, the nation's largest privately held and fastest growing kidney care provider, announced that it has successfully raised $328M in new capital to further accelerate the Company's growth and expansion plans. Read more here.

 

• Validic Inc., a market-leading digital health and personalized care company, acquired the assets of Trapollo LLC, a connected health, technical support, and device logistics provider that helps healthcare organizations care for patients at home. Read more here.

 

• WELL Health Technologies Corp. [TSX:WELL] [OTCQX:WHTCF], a digital health company, entered into a definitive share purchase agreement to acquire all of the issued and outstanding shares of MCI Medical Clinics (Alberta) Inc. from MCI Onehealth Technologies Inc. [TSX:DRDR]. MCI AB owns and operates five primary care clinics in Calgary, Alberta. 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.