Mergers & Acquisitions

The healthcare industry sees a lot of consolidation between both vendors and healthcare providers this channel tracks mergers and acquisitions between large healthcare systems, community hospitals, private practices, vendors and private equity investors. Health systems have been growing in size substantially in the past decade with mergers with smaller healthcare systems and hospitals. This is largely due to the need to be more efficient amid lower reimbursements and rising costs by building an economy of scale in a larger health system. On the vendor side, mergers have become a common way to reduce research and development costs by purchasing intellectual rights for new technologies, or to purchased companies with new technologies that already have regulatory market clearance. 

Video of how capital investments firms are partnering with hospitals.

Private equity firm Deerfield earmarks $600M for healthcare investments

Deerfield Management released details on its latest Healthcare Innovations Fund program, promising to finance “promising therapeutics” and “elevating emerging technologies," including artificial intelligence. 

Lantheus

Lantheus announces plans to divest SPECT imaging business

Janesville, Wisconsin-based nuclear fusion firm Shine Technologies is the buyer, issuing an upfront cash payment under terms of the deal. 

Rite Aid closing stores bankruptcy

Rite Aid seeking buyout as it files for bankruptcy—again

For the second time in less than two years, the struggling retail pharmacy chain has filed for Chapter 11 bankruptcy protection, seeking buyers as it prepares for store closures.

Ezra

Whole-body MRI firm Ezra acquired by celebrity-backed longevity startup Function Health

Matt Damon, Pedro Pascal and Kevin Hart have invested in Function, which offers 100-plus lab tests to help its 200K members live "100 healthy years." 

UPS Healthcare

UPS Healthcare acquires Canadian supply chain company for $1.6B

Ontario-based Andlauer Healthcare Group ships sensitive temperature-controlled products necessary for healthcare manufacturing and research. It has agreed to be acquired by the world’s largest courier, with the all-cash deal expected to close later this year. 

business partnership handshake merger acquisition M&A

Private equity-backed Integrated Diagnostic Services acquires rival radiology firm

Formed by HCAP Partners in March, IDS is now launching its "roll-up" strategy by buying First Choice Mobile Radiology Services.  

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RadNet leaders discuss rationale behind blockbuster $103M iCAD AI acquisition

RadNet provides 1.9M mammograms per year in the U.S., and adding iCAD’s installed customer base would boost the number of impacted exams to 10M. 

UnitedHealth Group - 2

UnitedHealth, Amedisys enter mediation with DOJ over block on $3.3B merger

The two companies have been unable to assuage antitrust concerns raised by the Department of Justice. A magistrate will attempt to hammer out acceptable terms for the home healthcare merger at a conference scheduled for August.