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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Stewardship Health sale to private equity finalized for $245M

The physician group, once part of Steward Health Care, has been rebranded as Revere Medical.

Peter Kecskemethy PhD CEO co-founder Kheiron Medical

RadNet subsidiary DeepHealth acquires another artificial intelligence firm

The outpatient imaging center operator is adding Kheiron Medical Technologies, which uses deep learning to help radiologists detect breast cancer. 

Las Vegas

HLTH24 in Las Vegas: Highlighted news and announcements

The popular annual conference that brings in diverse healthcare professionals from all over the world is wrapping up. Here are some of the big announcements.

Enlitic

Radiology data sharing vendor Enlitic completes $5M acquisition of imaging IT pioneer

The Fort Collins, Colorado-based company has purchased all shares of Laitek Inc., a major provider of medical imaging data migration and routing services in the U.S. 

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Private equity firm invests $7.8M in radiology market-intelligence outfit Signify Research

Leaders said the investment from London-based BGF will help Signify accelerate its growth plans and expand the company's market presence. 

Steve MacMillan Hologic

Hologic to acquire developer of ultrasound imaging device for $350M

Gynesonics is the creator of the Sonata System, which is the first FDA-cleared device for diagnosis and treatment of certain symptomatic fibroids. 

DirectMed Imaging

Private equity firm acquires radiology parts and services provider DirectMed Imaging

After acquiring the Poway, California, company in 2021, NMS Capital is now selling off its stake to fellow PE group Frazier Healthcare Partners. 

Elizabeth Warren

Members of Congress introduce bill to halt private equity ‘looting’ of healthcare entities

The Stop Wall Street Looting Act closes regulatory loopholes and ends incentives that allow investors to “pillage” acquired businesses, Sen. Elizabeth Warren and colleagues note.