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. 

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RadNet pays $33M to acquire cloud-based imaging solutions provider

The Los Angeles company previously announced it was acquiring Cimar UK in November, with a new SEC filing revealing further details about the purchase agreement. 

artificial intelligence money finance acquisition

Medtronic to acquire AI-enabled FFR specialists CathWorks for up to $585M

Medtronic has held a minority investment in CathWorks for several years, and the two organizations entered into a co-promotion agreement in 2022. Once finalized, the move will increase Medtronic's presence in the cath lab. 

Northwest Radiology

RadNet enters Midwest, acquiring 6 outpatient imaging centers from 60-year-old private practice

The Los Angeles company has reached a deal to buy freestanding centers operated by Indianapolis-based Northwest Radiology, adding $18 million in new annual revenue. 

Evansville Indiana

Indiana imaging group joins Strategic Radiology’s independent practice coalition

Evansville Radiology employs 23 physicians, all of whom live around Vanderburgh County in the vicinity of Indiana’s third largest city. 

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Premier Radiology Services acquires rival teleradiology group NRad

Backed by private equity investors at Grovecourt Capital Partners, the Florida firm is buying National Radiology Solutions for an undisclosed sum.

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Private equity firm sells ownership stake in Solis Mammography

New York-based PE firm Towerbrook Capital has bought a controlling stake in the imaging group, with Madison Dearborn Capital the seller. 

Intermountain Nevada children's hospital

Hospital giant Intermountain Health closes acquisition of Las Vegas radiology practice

The Salt Lake City-based nonprofit is buying Steinberg Diagnostic Medical Imaging for an undisclosed sum, with the integration to be introduced in phases over the coming year.

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Boston Scientific to acquire Penumbra for $14.5B

This is a cash and stock transaction that values Penumbra at $374 per share. The move helps Boston Scientific expand its vascular and neurovascular portfolios, gaining new treatments for pulmonary embolism, stroke, deep vein thrombosis and many other critical cardiovascular conditions.