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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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. 

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Samsung to acquire ultrasound artificial intelligence firm Sonio for more than $92M

Founded in 2020, the Paris-based firm offers products to aid physicians in assessing and documenting OB/GYN scans. 

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Novartis to acquire radiopharmaceutical firm Mariana Oncology for up to $1.75B

The Swiss drugmaker said the deal will bolster its research infrastructure and clinical supply capabilities, with an eye toward improving oncologic care. 

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Ecolab selling its surgical solutions business for $950M

Medline has entered into a “definitive agreement” to buy the surgical division, giving the company access to a variety of surgical supplies and equipment used by clinicians and patients.

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Private equity-backed cardiology group acquires Arizona practice with 4 locations

Florida-based Cardiovascular Associates of America has expanded its roster to include a team of 14 cardiologists and advanced practitioners in Arizona.