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. 

Steve MacMillan Hologic

Private equity firms reportedly offer $16B-plus to acquire Hologic

The Marlborough, Mass., vendor rejected the offer from TPG and Blackstone but left the matter open to continued negotiations, according to the Financial Times. 

Merit Medical

Merit Medical acquires fellow interventional radiology vendor Biolife for $120M

Founded in 1999 and headquartered in Florida, Biolife produces hemostatic devices under the brand names StatSeal and WoundSeal. 

Rite Aid sells over 1,000 pharmacies to competitors, including CVS and Walgreens

The deals account for most of Rite Aid’s remaining stores, as the bankrupt chain nears its final days.

CVS Health announces $10.6B acquisition of Oak Street Health

CVS, Kroger among bidders for Rite Aid stores and prescription data

According to a report, Walgreens also expressed interest in an unknown number of pharmacies as Rite Aid seeks to liquidate all its assets.

I-MED Radiology Network

Private equity firm Stonepeak closing in on $1.9B purchase of radiology network

The New York investment group, which also owns Akumin, is reportedly "inches" from acquiring Australia's largest diagnostic imaging provider.

Optum UnitedHealthcare UnitedHealth Group HQ

UnitedHealth, Amedisys offer divestitures as $3.3B merger advances

Pennant and BrightSpring Health Services have agreed to purchase some healthcare businesses from UnitedHealth and Amedisys. However, it remains unclear whether this will be enough for the DOJ to drop its lawsuit blocking the merger.

Video of how capital investments firms are partnering with hospitals.

Private equity firm Deerfield earmarks $600M for healthcare investments

Deerfield Management released details on its latest Healthcare Innovations Fund program, promising to finance “promising therapeutics” and “elevating emerging technologies," including artificial intelligence. 

Lantheus

Lantheus announces plans to divest SPECT imaging business

Janesville, Wisconsin-based nuclear fusion firm Shine Technologies is the buyer, issuing an upfront cash payment under terms of the deal.