Insights

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, 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 - October 8, 2024.

• Actylis, a provider of life sciences and specialty ingredients, announced the acquisition of Pharm-Rx, a supplier of specialty ingredients for the vitamin, mineral, and supplement and pharmaceutical industries. Read more about the acquisition here.
• Aptar Pharma, a provider of drug delivery systems, services and active material science solutions, announced that it has acquired all device technology assets from the proprietary portfolio of SipNose Nasal Delivery Systems, a company focused on intranasal delivery platforms for local, systemic and central nervous system indications. View the press release here.
• Growth equity investor Assured Healthcare Partners formed CollabriOS Health after acquiring a suite of technologies from AnewHealth (formerly Tabula Rasa HealthCare and CareVention HealthCare), which includes PACELogic and TruChart EHR platforms, as well as the CASELogic care management platform. Additionally, CollabriOS Health will acquire RTZ Systems, another provider of PACE EHR and financial service TPA solutions. Read the announcement here.
• Breast Center of Acadiana in South Louisiana, was acquired by Solis Mammography, a Madison Dearborn Partners-owned women's health company and the nation's largest provider of specialised breast health services. Learn more about the acquisition here.
• Caldera Medical, a developer of women's health medical devices, announced the acquisition of UVision 360, a developer of hysteroscopy and cystoscopy systems that enhance patient outcomes in gynecologic procedures. Read more about the acquisition here.
• Cloudbreak Health, a healthcare-focused video remote interpretation services company and portfolio company of GTCR, rebranded as Equiti and acquired Voyce Global, a Florida-based provider of language interpretation services for health care. View the announcement here.
• Fullscript, a healthcare platform for whole person care, acquired Rupa Health, a company that helps practitioners order, track and manage more than 3,000 laboratory tests in a single interface. Click here to learn more.
• Private equity firm, GTCR, and technology services investment platform, Recognize, signed a definitive agreement to acquire TRANZACT, a provider of marketing, sales, and technology solutions to several large health insurance carriers in a deal that values the firm at $632M. View the announcement here.
• Harmony Healthcare IT, a health data management platform and solutions provider, announced the acquisition of Trinisys, a data management platform for the healthcare industry based in Nashville, TN. Read more about the acquisition here.
• Hilb Group, a property, casualty and employee benefits insurance brokerage and advisory firm backed by The Carlyle Group, acquired a Rhode Island-based Medicare book of business. Learn more about the acquisition here.
• HuFriedyGroup, a global manufacturer of dental products and affiliate of Peak Rock Capital, acquired SS White Dental, a manufacturer of branded, differentiated carbide and diamond burs and endodontic instruments and lab related tools for the dental industry. Click here for more on the acquisition.
• Ivy Fertility, an InTandem Capital Partners-backed provider of IVF and third-party reproduction services, acquired Northern California Fertility Medical Center. Read more about the acquisition here.
• Kauhale Health, an acquirer of nursing and assisted-living facilities, acquired purpose-built memory care community Symphony Centerville. View the press release here.
• Las Mercedes, a South Florida-based healthcare provider, announced the acquisition of Pasteur and Wellmax Medical Centers, one of the largest Medicare-focused staff model medical centers in South Florida, previously owned by Elevance Health. Click here to read the announcement.
• LTC Global, a provider of capital to insurance agents and agencies, acquired LTC Affinity Direct, a distributor of Long Term Care insurance. Learn more about the acquisition here.
• MB2 Dental, a Charlesbank Capital portfolio company and dental service organization, acquired Central Park West Pediatric Dentistry and Orthodontics, a New York City-based dental practice. Learn more here.
• OneOncology, a physician-led national platform for independent oncology practices, closed on the acquisition of United Urology Group, a urology management services organizations supporting more than 250 providers. Click here to read more about the acquisition.
• Onspire Health Marketing, a provider of consulting and digital marketing for medical groups, acquired Aesthetic Brand Marketing, a San Diego-based interactive web design and marketing agency focused on the elective healthcare market – primarily cosmetic surgery centers, dermatology practices and medical spas. View the press release here.
• PRIA Healthcare, a patient access and reimbursement services platform, acquired Argenta Advisors, a consulting firm specializing in market access and reimbursement strategy. Learn more about the acquisition here.
• Resilience Lab, a clinician-driven, AI-supported provider of mental health care, acquired Options MD, a provider of online psychiatric medication management for severe and treatment-resistant depression. View the announcement here.
• Reveleer, a developer of a healthcare data analytics platform designed to offer health plans with a comprehensive set of services, acquired Curation Health, a developer of a clinical decision support platform for value-based care. Click here to learn more.
• RTI Surgical, a Contract Development and Manufacturing Organization that serves the dental, surgery, sports medicine, and other industries, has entered into an agreement to acquire Collagen Solutions, a global supplier of engineered medical-grade collagen and xenograft tissue with applications in cardiac, sports medicine, and orthopedics. Read more about the acquisition here.
• Safe Life, a Swedish provider of life-saving solutions with portfolio companies across Europe and North America, acquired US-based Automated External Defibrillator (AED) providers SafetyMed, and Enerspect. Click here to learn more about the acquisition.
• Virios Therapeutics (NASDAQ: VIRI), a development-stage biotechnology company focused on antiviral therapies, and Wex Pharmaceuticals, a private biopharmaceutical company developing a new class of non-opioid analgesics, announced a merger to form Dogwood Therapeutics (NASDAQ: DWTX). Read more about the merger here.
• Vizgen and Ultivue, two Cambridge, MA-based life science companies focused on genomics and biomarker detection, announced a merger. Learn more about the merger here.
• VMG Health, a healthcare business performance consulting firm, acquired Carnahan Group, a provider of healthcare consulting and valuation services in Tampa, FL. Read more about the acquisition here.
• VSP Vision, a provider of eye care health and insurance services, will acquire eye care provider Eyemart Express from FFL Partners and Leonard Green & Partners. Learn more 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.