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. 

Atrium Health and Best Buy Health Partner to Improve Experience When Receiving Care at Home

Best Buy Health sells at-home tech company back to founder

Current Health—purchased by Best Buy for $400 million in 2021—is set to become an independent company again, with co-founder Christopher McGhee taking over. The electronics retailer appears to be backing away from remote patient monitoring services, shifting its healthcare division's focus to consumer products that improve the lives of seniors.

Desert Imaging

El Paso’s Desert Imaging acquired by private equity-backed radiology company

Panos Partners-backed Diagnostic Imaging Centers of Texas now offers radiology services at 23 locations in five markets following the deal.

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Radiology practice seeks to dismiss disgruntled doc’s lawsuit over $20M private equity deal

Gregory R. Ball, MD, filed the complaint against Southtowns Radiology Associates in February, and the practice is now asking a judge to reject his allegations. 

mergers and acquisitions M&A partnerships

Ascension buys ambulatory surgery centers in deal reportedly worth $3.9B

Nonprofit Ascension Health announced its purchase of Amsurg, adding 250 outpatient surgery centers to its expanding portfolio. The Catholic-based hospital group said the move will allow it to focus more on community-based care by keeping more patient referrals in-house.

Bristol Myers Squibb

Bristol Myers Squibb will pay $350M-plus to add prostate cancer imaging agent

Subsidiary RayzeBio has inked a definitive deal to license the worldwide rights for the drug from Philochem, a Swiss biotechnology firm. 

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RadNet scores $100M loan to fuel future acquisitions

The Los Angeles-based radiology services provider's new term loan is slated to mature on April 18, 2031, coinciding with the $868.4 million balance on its existing credit line. 
 

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American Medical Association cautions radiology groups considering corporate investments

This new guidance emphasizes that clinical and operational decisions must “remain in the ultimate control” of radiologists or other clinicians, the AMA said Monday.  

neck ultrasound thyroid

RadNet enters ultrasound AI, acquiring imaging vendor See-Mode Technologies

Founded in 2017, the Melbourne, Australia-based company offers software that analyzes breast and thyroid images, “producing fast and accurate radiology reports.”