MARKET ANALYSIS

Healthcare M&A Weekly 10.16.23

A Look at Recent Transactions Shaping the Future of Healthcare

This week's article provides a summary of recent healthcare M&A news for October 16, 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 - October 10, 2023.

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• Access Healthcare, a global leader in revenue cycle management and healthcare services, announced the acquisition of Envera Health, a market leader in patient engagement services. Read more about the acquisition here.

 

• Applied Stemcell, a Milpitas, CA-based biotech firm, has been acquired by private equity firm QHP Capital. Click here to read the announcement.

 

• Bristol-Myers Squibb (BMY.N) will acquire cancer drugmaker Mirati Therapeutics (MRTX.O) for up to $5.8B. Click here to learn more.

 

• Cosmos Health Inc., a diversified, vertically-integrated global healthcare group engaged in R&D, announced that it has entered into a purchase agreement to acquire Cloudscreen, an AI-powered platform. Learn more about the acquisition here.

 

• Eclat Health Solutions announced the acquisition of the health information management division of Excite Health Partners. Click here to read the press release.

 

• EQT announced that its BPEA Private Equity Fund VIII has agreed to acquire VetPartners from National Veterinary Associates, Inc. Learn more about the acquisition here.

 

• Evernorth Health Services, the pharmacy, care, and benefits solution division of The Cigna Group, announced it will enhance MDLIVE's virtual care by acquiring the technology and clinical capabilities of Bright.MD, a provider of asynchronous care, triage, and healthcare navigation services. Read the announcement here.

 

• Getinge announced that it has acquired 100% of the shares in US-based Healthmark Industries Co. Inc., a provider of instrument care and infection control consumables, for approximately $320M. Read more about the acquisition here.

 

• Global Life Inc. announced it has signed an agreement to acquire Evry Health, a business-to-business health insurance company. Click here to learn more.

 

• Haemonetics Corporation, a global medical technology company, and OpSens, Inc., a medical device cardiology-focused company delivering solutions based on its proprietary optical technology, announced that they have entered into a definitive agreement under which Haemonetics will acquire all outstanding shares of OpSens for approximately $253M. Read the announcement here.

 

• Headlands Research continues accelerated growth with the acquisition of Clinical Research Professionals, further expanding its geographic reach. Learn more about the acquisition here.

 

• Health Care Originals, a pulmonary care company, has announced the strategic acquisition of Dawn Health's virtual care platform. Click here to learn more.

 

• Health & Wellness Partners, LLC, announced the acquisition of Hybrid Healthcare Communications, LLC. Read more about the acquisition here.

 

• Hospice of Northwest Ohio is buying the operations of ProMedica Ebeid Hospice Residence. Learn more here.

 

• LGI Healthcare Solutions, Inc., a healthcare IT solution provider based in Canada, announced that it has completed the acquisition of Boston Software Systems, a US-based global provider of robotic process automation solutions. Read the press release here.

   

• OptimizeRx Corp., the provider of healthcare technology solutions helping life sciences companies reach and engage healthcare professionals and patients, announced it has signed an agreement to acquire Scottsdale, AZ-based Healthy Offers, Inc., dba Medicx Health, a healthcare consumer-focused omnichannel marketing and analytics company. Read the announcement here.

 

• Sage Dental, a dental service organization, announced it has acquired 13 new practices from Narducci Dental Group, P.A. Click here to read more.

 

• Statlab, a Mckinney, TX-based manufacturer and distributor of medical diagnostic supplies and equipment, backed by Audax Private Equity and Linden Capital Partners, has agreed to acquire Waldemar Knittel Glasbearbeitungs GmbH, a German manufacturer of microscope slides and cover glass and provider of engineering consulting services. Learn more about the acquisition here.

 

• Vitori Health, a national precision-built health plan solution that provides a high-performing alternative for mid-market employers and their employees, announced its acquisition of Flume Health's third-party administrator operations. Read more about the acquisition here.

 

• Wellsky, a health and community care technology company, announced that it has acquired Corridor, an end-to-end tech-enabled services platform designed for the post-acute care industry's toughest challenges, from HealthEdge Investment Partners, a healthcare-focused private equity firm. Read more about the acquisition here.

 

• Yale New Haven Health System announced that it has acquired Physician One Urgent Care, a regional leader in 24/7 urgent care. Click here to read more.

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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.