A Look at Recent Transactions Shaping the Future of Healthcare
This week's article provides a summary of recent healthcare M&A news for December 17, 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 - December 11, 2024.
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Access Physical Therapy & Wellness acquired Physical Therapy Associates of Schenectady, a therapist-owned physical therapy practice with seven clinics across Massachusetts and New York. Read more about the acquisition here.
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Amulet Capital Partners announced a new platform investment in Theoria Management, a tech-enabled management service organization providing for the delivery of value-based primary care services to senior living communities across the United States. Learn more about the announcement here.
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Carta Healthcare, a San Francisco, CA-based clinical data company, acquired Realyze Intelligence. The Realyze Intelligence solution leverages AI to match patients to clinical trials to accelerate research and reduce costs while providing patients with the latest advances in care. Click here for more on the acquisition.
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Community Health Systems, Inc. [NYSE: CYH] announced that a subsidiary of the company has signed a definitive agreement to sell 123-bed Lake Norman Regional Medical Center in Mooresville, N.C., and related businesses, to Duke Health for approximately $280M. View the announcement here.
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Dynamic Infusion, a provider of home infusion nursing services, acquired CCE Partners d/b/a Solution Nursing, which includes operations in Maryland, Delaware, Pennsylvania and Northern Virginia. Solution Nursing is a provider of home infusion nursing services on behalf of specialty pharmacies. Read more about the acquisition here.
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Goldman Sachs Alternatives acquired autism therapy provider Center for Social Dynamics. As part of the deal, the Center for Social Dynamics’ previous private equity backer, NMS Capital, also reinvested in the company. Click here to read more.
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Espire Dental, a cosmetic and multi-specialty group practice, founded by dentists, announced a partnership and acquisition of Sauvage Dentistry, a five-practice dental group located in Seattle, WA. View the press release here.
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Health Advocates Network, Inc., a national provider of supplemental healthcare staffing solutions, acquired Louisiana-based Medical Temps, Inc. Read more about the acquisition here.
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Labcorp, a global provider of laboratory services, finalized its acquisition of select outreach laboratory services from Ballad Health. Ballad Health will continue to operate its inpatient and emergency department laboratory, as well as lab services for hospital-based practices. View the announcement here.
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Lauxera Capital Partners acquired Galen Data, a provider of secure, cloud-based connectivity solutions for medical devices. This transaction follows Lauxera’s 2022 acquisition of Matrix Requirements, an ALM and eQMS software solution for medical device R&D and Quality teams. Learn more about the acquisition here.
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Morgan Stanley Capital Partners, the middle-market focused private equity team at Morgan Stanley Investment Management, agreed to acquire Prescott’s, a healthcare focused specialty outsourced clinical engineering services provider, from Atlantic Street Capital. Click here for more on the acquisition.
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Nationwide Medical, a national provider of home medical equipment and clinical services for patients with chronic sleep and respiratory conditions, formed a growth partnership with Heritage Group. TripleTree served as exclusive financial advisor to Nationwide Medical for this transaction. Read more about the growth partnership here.
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New Day Healthcare announced its acquisition of Good Samaritan Society’s hospice operations in Texas. Learn more about the acquisition here.
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NVIDIA acquired VinBrain, a start-up under Vingroup that offers medical products that use artificial intelligence. VinBrain has provided AI-based equipment and tools for 182 hospitals in Vietnam, the US, India, Australia and other countries, to help medical professionals improve their work efficiency. Click here for more on the acquisition.
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Patterson Companies, Inc. (Nasdaq: PDCO), a dental and animal health distributor, entered into a definitive agreement to be acquired by Patient Square Capital. Under the terms of the agreement, Patterson shareholders will receive $31.35 in cash per share, or a transaction value of approximately $4.1B. View the press release here.
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Principle Health Systems, the mobile diagnostic provider for the long-term care community, acquired Telos PGX, a provider of pharmacogenetic testing solutions in the LTC market. Read more about the acquisition here.
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Proven Behavior Solutions, a provider of outpatient therapy services for children with autism in Massachusetts, acquired Prism Autism Education & Consultation of Connecticut. This strategic partnership will expand Proven's geographic reach and service offerings while enhancing opportunities for both organizations' employees and clients. Learn more here.
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Suven Pharmaceuticals signed definitive agreements to acquire a 56% equity stake in NJ Bio, Inc, a CRO that provides integrated chemistry and biology services to clients from the biotech and pharma sectors. The $64.4M deal includes both primary equity infusion and secondary acquisition. Click here to read more.
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Thompson Street Capital Partners, a private equity firm based in St. Louis, announced the acquisition of BuildClinical, the patient recruitment solution for academic researchers, by OpenClinica, a provider of eClinical software solutions and a portfolio company of TSCP. Read more about the acquisition here.
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Wildcat DX acquired Navis Clinical Laboratories, Inc., a provider of diagnostic lab testing services. 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.
