MARKET ANALYSIS

Healthcare M&A Weekly 5.28.24

MAY 28

A Look at Recent Transactions Shaping the Future of Healthcare

This week's article provides a summary of recent healthcare M&A news for May 28, 2024. 

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 - May 20, 2024.

  • Addus HomeCare Corporation, a provider of home care services, announced a definitive agreement to sell the company’s New York operations to HCS-Girling. Click here to view the press release.
 
  • Biogen, a Cambridge, MA-based biotech company, has agreed to acquire Human Immunology Biosciences (HI-Bio), a California-based privately-held clinical-stage biotechnology company, for an upfront payment of $1.15B. Read more about the acquisition here.
 
  • Cal Dental USA, a closely held dental services organization (DSO), announced a strategic expansion into the orthodontic market through the acquisition of Los Angeles, CA-based LA Dental Braces. Learn more about the acquisition here.
 
  • Centivo, a New York-based provider of health plans for self-insured employers, announced the acquisition of Eden Health, an employer-centered virtual-first medical provider. Read more about the acquisition here.
 
  • Click Therapeutics, a New York-based digital therapeutics company, has acquired the assets of San Francisco, CA-based Better Therapeutics, Inc. View the announcement here.
 
  • Expressable, a virtual speech therapy provider, announced it raised $26M in Series B funding led by HarbourVest Partners, with participation from Digitalis Ventures and existing investors F-Prime Capital and Lerer Hippeau. Read more about the funding here.
 
  • Goldman Sachs Alternatives, a New York City-based investment management firm, has acquired Xpress Wellness, an Oklahoma City-based provider of pediatric and adult care services, from Latticework Capital. Read more about the acquisition here.
 
  • InTandem Capital Partners, a healthcare services-focused private equity firm, has partnered with the founders and management team of Adams Clinical, a Watertown, MA-based renowned clinical trial site network with locations across the Northeast that conducts independent evaluations of drugs to treat psychiatric and neurologic illnesses. Read the press release here.
 
  • JPA Health, a Washington D.C.-based full-service, integrated health agency backed by Great Point Partners, has acquired BioCentric, Inc., a Collingswood, NJ-based medical communications agency. Learn more about the transaction here.
 
  • Med Learning Group, a full-service accredited continuing medical education company, announced its successful acquisition of Talem Health, a provider of accredited medical education. Click here to view the announcement.
 
  • Orna Therapeutics, a Cambridge, MA-based biotechnology company that designs and delivers fully engineered circular RNA therapeutics, has acquired ReNAgade Therapeutics, a company engaged in unlocking the potential of RNA therapeutics. Click here to learn more.
   
  • Tuesday Health, a pioneer in value-based care dedicated to transforming serious illness, has launched its innovative supportive care solution in partnership with Valtruis, Blue Venture Fund, Mass General Brigham Ventures, and CareSource. This alliance brings a $60M strategic investment to Tuesday Health. View the announcement here.
 
  • Wayspring, a value-based care entity focused on substance use disorder (SUD) populations, announced a capital raise led by CVS Health Ventures. Existing investors including Valtruis (portfolio company of Welsh, Carson, Anderson & Stowe), HLM Venture Partners, and .406 Ventures all participated in the funding round. Read more about the investment here.
 
  • WearLinq, a San Francisco, CA-based provider of wearable health monitoring and diagnosis solutions, has acquired AMI Cardiac Monitoring, a Rockville, MD-based established independent diagnostic testing facility. Learn more about the acquisition here.

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.
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