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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Radiology AI vendor Lunit completes acquisition of rival Volpara for $193M

Based in Seoul, South Korea, Lunit called the acquisition a “significant milestone” in its “mission to conquer cancer" through artificial intelligence.

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Buffalo’s 2nd largest diagnostic imaging center operator on why it sold to private equity

Founded in 1959, Southtowns Radiology announced in November that it was unloading its imaging center business to Atlanta-based Rezolut. 

WearLinq's eWave six-lead wearable ECG monitor

Wearable ECG specialists acquire new testing facility to reach more patients

San Francisco-based WearLinq says the acquisition will help its six-lead ECG technology reach more heart patients throughout the United States.   

Mergers and acquisitions fueling Epic’s dominance of EHR market

A new KLAS Research report found that of the 319 hospitals that adopted a new EHR in 2023, 77 chose Epic.

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Private equity dealmaking in healthcare stalls amid persistent bid-ask gap, negative regulatory environment

PE sponsors announced or closed about 158 transactions in the first quarter (including five in imaging), a “downward trend even from 2023’s sluggish pace,” Pitchbook reports.  

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Radiation therapy centers sold out of private equity-backed provider’s bankruptcy estate for nearly $3M

American Shared Hospital Services is acquiring a 60% stake and expects the facilities to generate upward of $10 million in annual revenue. 

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Investor-backed Outpatient Imaging Affiliates inks deal to open academic center’s 1st freestanding site

UConn Health has seen “unprecedented growth” in patient volumes and hopes the facility will minimize wait times while cutting costs for patients. 

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RadNet acquires 9 imaging centers through 2 tuck-in transactions totaling $14M

The deals were with Antelope Valley Imaging and Grossman Imaging Centers, both located near RadNet's home base in California.