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. 

Pritzker family-backed Epic Staffing Group acquires teleradiology outfit

Independently owned and launched in 2015, the radiology practice is “committed to providing the most efficient, quality reads in nearly 50 states."

November 6, 2023

AMN Healthcare to acquire radiology staffing firm in deal valued at $300M

Adding MSDR will allow AMN to provide a larger candidate pool, including professionals specializing in some of the “most needed, in-demand services.” 

October 24, 2023

Private equity firm says acquisition of imaging services provider creates 2nd largest such company in the US

Atlantic Street Capital is purchasing Brown’s Medical Imaging and plans to combine the company with previously acquired Prestige Medical Imaging.  

October 19, 2023
profits revenue finance money

Private equity-backed Solis Mammography saw earnings jump 25% last year, up to $54M

The Addison, Texas-based company was founded in 1986 and in 2018 sold a majority stake to private equity firm Madison Dearborn Capital Partners, which has pursued rapid expansion.

October 18, 2023

Novartis may sell assets from its diagnostic imaging unit: Report

The Swiss company is already is in the initial stages of seeking buyers for some of its radiology-related products, Bloomberg reported Tuesday. 

October 5, 2023
mergers acquisitions puzzle M&A

Siemens Healthineers company Varian acquiring radiology services provider Aspekt Solutions

The move will allow Varian to expand its advanced oncology solutions offerings and address rising demand for customized services, leaders said. 

September 27, 2023
Former managers of a Tampa Florida-based radiology company Advanced Diagnostic Group (ADG) and its employee stock ownership plan (ESOP) retirement benefit manager GreatBanc Trust Co. will pay $19 million to settle a class action lawsuit. The suit alleges they allowed the ESOP’s value to be diverted to managers, directors and their shell companies and away from employee participants. money gavel court lawsuit legal judge judgement

Investment firm sues ultrasound developer QT Imaging hoping to force completion of merger deal

GigCapital5 and the Novato, California-based ultrasound-maker first announced their intent to partner in December 2022, creating a company with combined value of $151M. 

September 18, 2023
Healthcare M&A, mergers and acquisitions business deal.

Private equity-backed imaging parts and service provider acquires competitor

DirectMed Parts & Service, which partnered with NMS Capital in 2021, is buying Siemens specialist Technical Prospects for an undisclosed amount. 

September 13, 2023

Around the web

"This was an unneeded burden, which was solely adding to the administrative hassles of medicine," said American Society of Nuclear Cardiology President Larry Phillips.

SCAI and four other major healthcare organizations signed a joint letter in support of intravascular ultrasound. 

The newly approved AI models are designed to improve the detection of pulmonary embolisms and strokes in patients who undergo CT scans.

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