MARKET ANALYSIS

Healthcare M&A Weekly 11.20.23

A Look at Recent Transactions Shaping the Future of Healthcare

This week's article provides a summary of recent healthcare M&A news for November 20, 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 - November 13, 2023.

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• Aesthetic Management Partners, a medical device and biologics company based in Cordova, TN, has secured an investment from Norwest to accelerate growth in new markets. Click here for more on the investment.

 

• Aranscia, a Houston, TX-based provider of diagnostics software and testing services, announced the acquisition of select assets of the YouScript personalized medication management platform from San Francisco, CA-based Invitae [NYSE:NVTA] in an all-cash transaction. Learn more about the acquisition here.

 

• AristaMD, a San Diego, CA-based digital health company, announced a merger with Sitka, a Carmel, CA-based video-consult specialist network supporting value-based care providers, and the close of its latest financing to help expand cost-effective and timely specialty care. Read more about the merger here.

 

• Bradford Health Services, a Birmingham, AL-based provider of drug and alcohol addiction treatment, backed by Comvest Credit Partners, has acquired Vertava Health of Southaven, MS. Click here to read more about the acquisition.

 

• Cytovale, a San Francisco, CA-based medical diagnostics company, has raised $84M in a Series C round led by Norwest Venture Partners with participation by additional new investors Sands Capital and Global Health Investment Corporation. View the announcement.

 

• Forward has secured $100M from a funding round, the San Francisco, CA-based healthcare tech start-up said in a press release. Learn more here.

 

• Lumicare Hospice has been acquired by Texas-based home health agency, Choice Health at Home. Read more about the acquisition here.

 

• Medical Specialists of the Palm Beaches, a primary care-focused, multi-specialty physician group practice in South Florida, backed by Ascend, has acquired Tequesta Family Medical Center, the Florida-based medical practice offering concierge medicine. Click here to read more about the acquisition.

 

• Parallel ENT & Allergy Partners, a physician-centric management services organization for ear, nose, and throat and allergy practices backed by Trinity Hunt Partners, has added Michigan ENT & Allergy Specialists as a Parallel supported practice. Learn more here.

 

• Probo Medical, an Avista-backed global provider of medical imaging equipment, parts, repair, and service, has acquired Davis Medical Electronics, a Vista, CA-based leading provider of equipment and supplies for cardiology practices. Read more about the acquisition here.

 

• Regent Surgical Health, a Franklin, TN-based national platform of ambulatory surgery centers specializing in health system joint venture partnerships, has secured a majority stake in Oregon Surgical Institute, a Beaverton, OR-based internationally recognized outpatient surgery center specializing in complex cases. Click here to read the press release.

 

• UpLift, a New York-based technology-driven behavioral health company, announced that it has acquired Minded, a local online psychiatry provider with specialized care for women. Read more about the acquisition here.

   

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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.