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. 

RadNet CEO Howard Berger

RadNet acquires remote MRI scanning solutions provider Alpha RT

The company offers a suite of services including AI-powered safety monitoring in case something goes wrong in the MRI suite, staffing, training and certification. 

Rad Partners commercializes teleradiology platform pioneered by acquired company vRad

The product is a fully integrated, artificial intelligence-enabled technology tool, providing real-time analytics to interested outside radiology groups.

rope pulling tug of war bidding war

Novo Nordisk, Pfizer enter bidding war for biotech startup—and it is getting ugly

Pfizer was all set to acquire New York City-based Metsera for $4.9 billion, but Novo Nordisk stepped in with an unexpected counteroffer of $6.5 billion. Both companies hope to add Metsera's drugs to their GLP-1 portfolios.

Las Vegas

Hospital giant Intermountain Health to acquire Las Vegas radiology practice

The Salt Lake City-headquartered nonprofit is buying Steinberg Diagnostic Medical Imaging for an undisclosed sum, with the integration taking place sometime after Jan. 1. 

closing closure going out of business shutter

Consolidation may be driving radiologists away from practicing as generalists

Radiologists who experienced a practice closure are more likely to operate as subspecialists afterward, according to new Neiman research.  

Steve MacMillan Hologic

Private equity firms to acquire Hologic for $18.3B

Blackstone and TPG have reached a definitive agreement to acquire the Marlborough, Massachusetts-based company for approximately $79 per share. 

USC Pasadena

Private equity-backed outpatient imaging provider enters California via USC partnership

Outpatient Imaging Affiliates has inked an agreement with Keck Medicine, providing revenue cycle and imaging center management services for a facility in Pasadena. 

CVS Health announces $10.6B acquisition of Oak Street Health

CVS finalizes buyout of Rite Aid prescription data, 63 retail stores

The prescription information comes from 626 pharmacies in 15 states. CVS said it could gain access to 9 million new customers.