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. 

money business cash flow dollar. Kingsway Financial Services, a Chicago-based holding company with subsidiaries in several industries, has acquired New Jersey-based Digital Diagnostics Imaging (DDI) for $11 million. The transaction was funded with $5.4 million in cash and $5.6 million in debt financing.

Cordis finalizes deal to acquire MedAlliance for up to $1.1B

The total value of the acquisition, first announced in 2022, is dependent on various regulatory and commercial milestones.

October 2, 2023

Private equity-backed cardiology management group expands Florida footprint again with latest acquisition

Orlando-based Cardiovascular Associates of America has now acquired six Florida practices in 2023 alone. This most recent deal includes a team of 13 cardiologists who operate out of six locations. 

September 13, 2023

Abbott inks deal to acquire insulin management specialists

Abbott has agreed to acquire Bigfoot Biomedical, a California-based healthcare technology company focused on diabetes care.

September 6, 2023
Handshake

Private equity-backed cardiology management group acquires another Florida practice, its 5th of 2023

The Orlando-based management group has expanded its footprint in the Sunshine State yet again.

September 6, 2023
money business cash flow dollar. Kingsway Financial Services, a Chicago-based holding company with subsidiaries in several industries, has acquired New Jersey-based Digital Diagnostics Imaging (DDI) for $11 million. The transaction was funded with $5.4 million in cash and $5.6 million in debt financing.

Shockwave Medical, the subject of recent acquisition rumors, announces $650M private offering

A majority of the proceeds raised would go toward "general corporate purposes," which could mean anything from research and development to investments in other healthcare companies.  

August 14, 2023
business news announcement

Private equity-backed cardiology management group acquires 4th Florida practice of 2023

Cardiovascular Associates of America, which calls Orlando home, has made increasing its presence in the Sunshine State a top priority in 2023.

July 19, 2023
Business Handshake

Eli Lilly to acquire private equity-backed drugmaker for up to $1.9B

Versanis, founded in 2021 by a venture capital firm, is primarily known as the company behind the obesity drug bimagrumab.

July 14, 2023
business news announcement

Private equity-backed cardiology group continues busy year with acquisition of Florida practice

Cardiovascular Associates of America, which has already had an eventful 2023, announced a new acquisition that helps expand its footprint in the Sunshine State. 

June 22, 2023

Around the web

Eleven medical societies have signed on to a consensus statement aimed at standardizing imaging for suspected cardiovascular infections.

Kate Hanneman, MD, explains why many vendors and hospitals want to lower radiology's impact on the environment. "Taking steps to reduce the carbon footprint in healthcare isn’t just an opportunity," she said. "It’s also a responsibility."

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