Healthcare M&A Weekly 5.6.24


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 6, 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 - April 29, 2024.

  • Avel eCare, a leading provider of clinician-to-clinician telemedicine services backed by Aquiline, has acquired Horizon Virtual, a virtual hospitalist services provider. Read more about the acquisition here.
  • AvevoRx, an independent provider of specialty infusion services, has acquired Infupharma Pharmacy to expand the therapeutic offerings and geographic reach to current patients. Learn more about the acquisition here.
  • Cotiviti, a leading healthcare data analytics and technology business, has completed a recapitalization with KKR and long-standing owner Veritas Capital. TripleTree served as a financial advisor to KKR for this transaction. Click here for more on the recapitalization.
  • Council Capital, a healthcare-focused private equity firm, made an investment in OccMD, a physician-led medical and nurse case management company driving better outcomes at fair cost for employers and payers. View the announcement here.
  • Deciphera Pharmaceuticals, a biopharmaceutical company focusing on developing and commercializing cancer medicine, will be acquired by Ono Pharmaceutical for $2.4B. ONO will acquire all outstanding shares of Deciphera common stock for $25.60 per share. Learn more about the acquisition here.
  • GeBBS Healthcare Solutions, a ChrysCapital portfolio company and leading provider of revenue cycle management (RCM) services and risk adjustment solutions, has acquired CCD Health, a market leader in AI-enabled appointment scheduling for an array of radiology and other healthcare groups. Click here for more on the acquisition.
  • The Ensign Group, a publicly traded company (NASDAQ: ENSG) that invests in and provides skilled nursing and senior living services and real estate, has announced numerous acquisitions. The Ensign Group has acquired a long-term acute care hospital and skilled nursing facility in Utah (Link to Article), additional skilled nursing facilities in Iowa (Link to Article), Tennessee (Link to Article), and Texas (Link to Article), and a healthcare campus in both Arizona (Link to Article) and Kansas (Link to Article).
  • Ivy Fertility, a globally-renowned provider in advanced reproductive technology, in-vitro fertilization, and third-party reproduction, has announced its acquisition of Dallas IVF, a fertility practice across the state of Texas. Read more about the acquisition here.
  • Ivy Rehab Partners, a musculoskeletal rehabilitation and pediatric therapy provider, has partnered with Hilltop Physical Therapy, a holistic physical therapy practice. The practices are partnering in order to continue enhancing geographic presence and service offerings. Learn more about the partnership here.
  • Kain Capital, a private equity firm focused on technology enablement of healthcare services companies, has announced an investment in Essen Health Care, the largest independent healthcare provider in the Bronx. Click here for more on the investment.
  • Quest Diagnostics, a provider of diagnostic information services, will acquire select assets of PathAI Diagnostics, a global provider of AI-powered technology for pathology. View the announcement here.
  • Radformation, a provider of automation solutions for cancer care, announced its acquisition of Limbus AI, a global provider of automated contouring software for radiation therapy. Learn more about the acquisition here.
  • SubjectWell, a patient access marketplace connecting individuals with known health conditions to appropriate care options, has received a majority growth investment from WindRose Health Investors. Read more about the investment here.
  • UptimeHealth, a leader in healthcare technology solutions, has acquired Dental Whale, a dental practice solutions and learning provider, and its subsidiaries, Dental Fix, Florida Dental Repair, and Front Office Rocks. Click here to learn more.
  • US Physical Therapy, an operator of outpatient physical therapy clinics and industrial injury prevention services (IIP), has announced the acquisition of an IIP services business and a two-clinic physical therapy practice. Learn more about the acquisitions here.
  • Your Behavioral Health, a portfolio company of Comvest Partners providing leading behavioral health services for adults and teens, is expanding their clinical network through their acquisition of Insight Treatment Programs, a provider of teen outpatient programs for mental health and addiction treatment. Read 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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