Healthcare M&A Weekly 9.11.23

SEP 11
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.
  • Acacium Group, a provider of staffing solutions that operates health and service businesses based out of the UK, has acquired SUMO Medical Staffing, a staffing and recruiting company based in Utah. Read more here.
  • Accenture, a global professional, information technology services and consulting firm, acquired Nautilus Consulting, an UK-based digital healthcare firm that specializes in Electronic Patient Record (EPR) solutions. Through this acquisition, Accenture aims to build its digital transformation, optimization, and implementation capabilities in the healthcare space. Read more here.
  • Concord Health Partners, an investment firm focused in healthcare, announced an investment in NeuroFlow, a market leading behavioral health SaaS platform. Read more here.
  • Divine Healthcare Management, a provider of healthcare services, acquired Superior Healthcare Rehabilitation Center, a Wisconsin-based rehabilitation and skilled nursing facility. Read more here.
  • Enlyte, a tech-enabled cost containment pharmacy benefit management company, acquired Therapy Direct, a physical therapy provider, from Upstream Rehabilitation. Read more here.
  • Ensign Group, an investor and provider of skilled nursing, occupational therapies, and other rehabilitative, healthcare services, acquired South Carolina-based Ashley River Healthcare, a 125-bed skilled nursing facility, and The Reserve Healthcare and Rehabilitation, a South Carolina-based 135-bed skilled nursing facility. Read more here.
  • ERPHealth, a firm focused on outcome tracking technology in the behavioral health space, has acquired Manifesto, an evidence-based peer support and health coaching platform. Read more here.
  • Family Resource Home Care, an independent home healthcare company based in Washington and backed by Great Point Partnersacquired Companion Care, a Washington-based home care agency. Read more here.
  • Integrated Practice Solutions, a electronic health record (EHR) software and practice management platform has merged with PracticeTek, a provider of software and payments solutions in the retail healthcare market. Lightyear Capital still holds majority ownership, GSV will continue its investment position, and Waud Capital will have a minority stake. Read more here.
  • Mariana Oncology, a next-generation radiopharmaceuticals company based in Massachusetts, raised $175M in Series B funding co-led by Forbion and Deep Track Capital. Other investors include Atlas Venture, Access Biotechnology, RA Capital Management, Nextech Invest, Surveyor Capital, and Eli Lilly and Company. Read more here.
  • Tekton Research, a leading Texas-based clinical trial site network, secured an undisclosed majority investment from Havencrest Capital Management, a Texas-based private equity firm. Read more here.
  • TeleVox, an Alabama-based provider of digital patient engagement technology, acquired Odeza, a patient engagement business formerly owned by Ensemble Health Partnersa revenue cycle management company based in Ohio. Read more here.
  • Thoma Bravo is set to acquire NextGen Healthcare, a provider of cloud-based technology solutions that is based in Atlanta, Georgia. Read more here.
  • UChicago Medicine acquired four oncology centers in Northwest Indiana from Michiana Hematology Oncology. 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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