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. 

boston scientific acquires axonics

Everside and Marathon agree to merge

Going forward, all 680 health centers in the two provider groups will combine to operate under the Marathon Health banner.

Money bankruptcy debt liquidation

Radiology provider Akumin completes bankruptcy process

The Florida-based imaging group has successfully deleveraged from its debts, which totaled some $470 million at the time of the filing in October. 

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Private equity-backed Premier Radiology inks long-term partnership with nation’s largest occupational health provider

The Miami-based teleradiology group will provide support to Concentra’s network of 540 medical centers through 2030. 

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HCSC buys Cigna’s Medicare biz for $3.3B

Cigna said the deal will enable it to free up around $400 million in capital it can redeploy, effectively pushing the transaction to $3.7 billion.

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Florida cardiology practices unite with help from private equity-backed cardiovascular group

The two neighboring practices have joined forces to provide improved cardiovascular care for patients throughout the Sunshine State. 

Phoenix Arizona

RadNet-Dignity Health joint venture acquires 7 imaging centers from Cigna company

Arizona Diagnostic Radiology is buying the Phoenix-area outpatient locations from Evernorth Care Group, the medical practice division of Cigna HealthCare of Arizona. 

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Practices should prep for M&A surge, says Grant Thornton

For practices that have lagged on investment, it's time to get forward-thinking about revenue cycles and make those 'go/no go' decisions, according to the advisors.

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Radiology provider to close if it can’t find a buyer by end of March

Saltzer Health has faced "significant financial pressures as the rising cost of providing care, driven by inflation, has increased since the pandemic."