Fragmented ASC Market Poised for M&A Growth

As the healthcare market moves toward a value-based care model, outpatient settings and services will only rise in demand from investors and patients alike. Ambulatory surgery centers, or ASCs, will be one of the most valuable assets in this shift in the healthcare industry. With several tailwinds driving the ASC investment market, including demographic and reimbursement benefits, a fragmented industry and the versatility of ASC services and specialties, investors should pay close attention to this market. Market Overview & Players According to the Ambulatory Surgery Center Association (ASCA), ASCs are healthcare facilities focused on providing same-day surgical care, including... Read More »
Ivy Fertility Adds Dallas IVF to Network

Ivy Fertility Adds Dallas IVF to Network

Ivy Fertility, a global leader in advanced reproductive technology, in-vitro fertilization (IVF) and third-party reproduction, announced on April 29 that it has acquired Dallas IVF. The addition of Dallas IVF expands Ivy Fertility’s presence in Texas. Dallas IVF is a fertility practice serving patients in the greater Dallas-Fort Worth MSA. With locations in Dallas, Frisco, Tyler and McKinney, Texas, Dallas IVF has helped more than 13,000 babies come into the world since its founding in 1997. The Frisco location is also home to a state-of-the-art IVF lab and surgery center. According to its website, the practice has four providers on staff. Ivy Fertility, a portfolio company of... Read More »
Deciphera Pharmaceuticals to be Acquired by Ono Pharmaceutical for $2.4 Billion

Deciphera Pharmaceuticals to be Acquired by Ono Pharmaceutical for $2.4 Billion

Deciphera Pharmaceuticals announced on April 29 that it has entered into a definitive merger agreement with Ono Pharmaceutical Co., Ltd. Ono will acquire all outstanding shares of Deciphera common stock for $25.60 per share in cash through a tender offer followed by a merger of Deciphera with a wholly-owned subsidiary of Ono, for a total equity value of $2.4 billion. Deciphera Pharmaceuticals is a biopharmaceutical company focused on discovering, developing and commercializing important new medicines to improve the lives of people with cancer. In addition to advancing multiple product candidates from our platform in clinical studies, QINLOCK® is Deciphera’s switch-control inhibitor for the... Read More »
Labcorp to Acquire Bankrupt Genetic Test Maker Invitae for $239 Million

Labcorp to Acquire Bankrupt Genetic Test Maker Invitae for $239 Million

Labcorp announced that it will acquire Invitae Corporation’s assets auctioned through a voluntary bankruptcy protection process. This comes just a few months after the genetic test maker filed for bankruptcy. Labcorp will acquire all of the bankrupt firm’s assets on a going concern basis for $239 million in cash consideration and other non-cash consideration. In February 2024, Invitae filed for voluntary Chapter 11 protection in a U.S. bankruptcy court and said that it intended to pursue a sale process. Invitae’s estimated assets were in the $500 million – $1 billion range, while its liabilities were in the $1 billion – $10 billion range, according to the... Read More »
Ivy Rehab Partners with Hilltop Physical Therapy

Ivy Rehab Partners with Hilltop Physical Therapy

Harrison, New York-based Ivy Rehab announced this week its latest partnership with Hilltop Physical Therapy in Fredericksburg, Virginia. Hilltop Physical Therapy has a team of physical therapists and licensed orthopedic manual therapists who specialize in treating a variety of conditions, including back pain, sciatica, neck pain, headaches, shoulder pain, knee pain, hip pain, foot pain, ankle pain, elbow, wrist or hand pain, sports injuries and more. The company’s treatment techniques include physical therapy, orthopedic manual therapy, sports injury rehabilitation, massage therapy, therapeutic exercise techniques and kinesio taping. Founded in 2003, Ivy Rehab, a portfolio company of... Read More »
First Citizens Bank Funds $58.4 Million for Miami Medical Rehabilitation Facility

First Citizens Bank Funds $58.4 Million for Miami Medical Rehabilitation Facility

First Citizens Bank’s Healthcare Finance division has allocated $58.4 million in financing to Anchor Health Properties for the construction of a state-of-the-art, 92-bed inpatient rehabilitation facility in Miami, Florida. Set to encompass 96,000 square feet of rentable space, including an attached parking garage, the facility will be leased to a collaborative effort between Baptist Health South Florida and Lifepoint Health. It will specialize in acute rehabilitation services for conditions stemming from stroke, brain and spinal cord injuries, amputations, as well as neurological and orthopedic disorders. Baptist Health South Florida, one of the largest healthcare organizations in... Read More »
Fort Bend Dental Acquires Aliana Family Dental 

Fort Bend Dental Acquires Aliana Family Dental 

Fort Bend Dental announced on April 16 that it entered into an agreement to acquire Aliana Family Dental. The financial terms of the acquisition were not disclosed.  Aliana Family Dental is a dental practice in Sugar Land, Texas. It offers digital dentistry as well as orthodontic services. According to its website, the practice has one provider on staff as well as a support team of five employees.  Fort Bend Dental is a dental practice with locations in Missouri City, Aliana, Sugar Land, Richmond and Rosenberg, Texas.  This move marks a significant milestone in Fort Bend Dental’s mission to provide dental services to the entire Fort Bend community. This transaction... Read More »
ShiftMed Acquires Healthcare Staffing Company CareerStaff Unlimited

ShiftMed Acquires Healthcare Staffing Company CareerStaff Unlimited

ShiftMed announced on April 22 its acquisition of CareerStaff Unlimited from Genesis HealthCare, a national post-acute care provider. CareerStaff is a leader in the delivery of workforce solutions and staffing services for the healthcare industry, with a national network of offices throughout the United States. CareerStaff’s services include local, travel and per diem employment opportunities for nurses, therapists and pharmacists. Additionally, CareerStaff provides managed service programs to hundreds of healthcare facilities nationally. ShiftMed’s workforce management platform empowers healthcare facilities across all segments – acute care hospitals, post-acute care centers... Read More »
Alcanza Expands Reach into Puerto Rico with Acquisition of FDI Clinical Research

Alcanza Expands Reach into Puerto Rico with Acquisition of FDI Clinical Research

Alcanza Clinical Research announced on April 23 the acquisition of FDI Clinical Research, a multi-specialty research organization based in San Juan, Puerto Rico, with an additional site in the west coast city of Mayagüez. Financial terms of the deal were not disclosed. FDI Clinical Research is a state-of-the-art research facility and medical care clinic providing Phase I-IV clinical trials in support of biopharmaceutical sponsors and contract research organizations. The company specializes in a range of therapeutic areas including infectious diseases; hematology and oncology, endocrine and metabolic diseases; rheumatology and immune diseases as well as respiratory diseases. Alcanza... Read More »
Dermatology and Laser Center of Charleston Joins Epiphany Dermatology

Dermatology and Laser Center of Charleston Joins Epiphany Dermatology

On April 23, Epiphany Dermatology, a portfolio company of New York City-based private equity firm CI Capital Partners, announced that it has expanded its presence in South Carolina through its partnership with Todd Schlesinger, MD, and his team at Dermatology and Laser Center of Charleston. Founded in 2005, Dermatology and Laser Center of Charleston provides dermatology and cosmetic services to patients in Charleston, South Carolina, and surrounding communities. The practice has two providers on staff, according to the original deal press release from April 22, 2024. Through its partnerships with dermatologists across 90 locations in 13 states, Epiphany provides general dermatology, skin... Read More »