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. 

Vintage neon drug sign at the Walgreens pharmacy on Canal Street in downtown New Orleans.

Walgreens shareholders approve $10B acquisition by private equity firm

Shareholders of the retail pharmacy giant voted in favor of the terms of the sale to Sycamore Partners for $11.45 a share. The deal is expected to close later this year. 

Samsung

Samsung buys Xealth to integrate consumer wearables and clinical data

Xealth’s data sharing platform will be used to make use of health information gathered from everyday devices like the Samsung Galaxy Smartwatch, the companies said.

mergers and acquisitions M&A consolidation puzzle business deal

Private equity-backed Premier Radiology Services acquires another rival telerad group

The Deerfield Beach, Florida-based company is adding MetisMD, “a highly regarded teleradiology provider with deep expertise in musculoskeletal imaging.” 

Anchorage Alaska

Strategic Radiology expands to 25th state with addition of Alaska Imaging

Based in Anchorage, the state’s largest community, the 25-year-old practice employs 20 board-certified radiologists delivering diagnostic and interventional services. 

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Private equity firm buys health data analytics company Arcadia

With the buyout, global private equity investor Nordic Capital makes a big bet on healthcare AI. Arcadia said the influx of cash will be used to improve its technology and find new sources for data it can use for quality care initiatives. 

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.