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. 

V-Wave has gained considerable attention or its Ventura Interatrial Shunt System, a small implantable device designed to reduce pressure on the left atrium and the lungs in patients with heart failure with reduced ejection fraction (HFrEF). The Ventura device includes a nitinol hourglass-shaped frame that anchors to the patient’s fossa ovalis in a way that prevents migration or embolization. It is implanted via an interventional procedure with fluoroscopy and echocardiography guidance.

Johnson & Johnson completes V-Wave acquisition

While the initial purchase price was $600 million, the final amount could reach approximately $1.7 billion if certain milestones are met. V-Wave's Ventura Interatrial Shunt System for HFrEF has gained considerable interest in recent years, and Johnson & Johnson was an early investor in the technology back in 2016.

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Private equity firm buys controlling stake in Surescripts

TPG will not own a majority of the e-prescriber, with CVS Health and Express Scripts maintaining a minority stake.

healthcare money economics dollar stethoscope acquire merger

Orlando Health buys 5 Alabama hospitals for $910M

The nonprofit health system purchased the Brookwood Baptist Health network from for-profit Tenet Healthcare, which held a 70% controlling stake.

GE HealthCare

GE HealthCare completes $53M acquisition of AI ultrasound business

Based in Cardiff, Wales, seller Intelligent Ultrasound specializes in integrated, AI-driven tools to make scans “smarter and more efficient.” 

Gavin Newsom

Governor vetoes bill to increase scrutiny of private equity physician practice purchases

The bill would have given the state attorney general power to impose conditions on the acquisition of radiology groups or other healthcare entities. 

Lumus Imaging

Private equity firm acquiring diagnostic imaging provider for $658M

Affinity Equity Partners is buying 30-year-old Lumus Imaging, which employs over 2,000 imaging experts and support staff across 150 care sites. 

Telix Pharmaceuticals

Imaging agent developer Telix to buy RLS radiopharmaceutical network for up to $250M

RLS operates America’s only Joint Commission-accredited radiopharmacy network, with 31 locations covering over 85% of the U.S. population. 

Merit Medical Systems Fred P. Lampropoulos

Interventional radiology vendor Merit Medical to acquire device portfolio for $210M

Cook Medical’s lead management portfolio generated about $37 million in revenue in 2023, with most sales in the U.S., Utah-based Merit noted.