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. 

Samsung

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. 

Steve MacMillan Hologic

Hologic to acquire rival breast care company for $310M—plus 2 more radiology vendor M&A deals

In other news, West Physics Consulting is acquiring part of Tricord Inc., while radiology appointment scheduling firm CCD Health was recently sold. 

Solis Mammography

Private equity-backed radiology provider Solis Mammography inks joint venture deal with large hospital system

The “nation's largest independent provider of specialized breast health services” is teaming with Northwest Healthcare to expand imaging offerings in the Tucson region.

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Private equity bankruptcies in healthcare explode 112% in 5 years

According to the Private Equity Stakeholder Project, 21% of all healthcare bankruptcies in 2023 involved organizations owned by financial firms.

mergers and acquisitions M&A puzzle

Riverside Radiology Medical Group joins growing independent practice coalition

The organization is the 38th to join Strategic Radiology and third in California, leaders announced. 

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Nearly 80% of physicians now work for hospitals or other corporate entities as private practice dwindles

For the first time, the percentage of practice ownership by PE firms and other corporate entities (30%) surpassed hospitals or health systems' share (28%). 

Houston Texas

RadNet acquiring 6 imaging centers, adding $15M in annual revenue

American Health Imaging, a partner with the larger private equity-backed US Radiology Specialists, is selling the locations. 

Around the web

The nuclear imaging isotope shortage of molybdenum-99 may be over now that the sidelined reactor is restarting. ASNC's president says PET and new SPECT technologies helped cardiac imaging labs better weather the storm.

CMS has more than doubled the CCTA payment rate from $175 to $357.13. The move, expected to have a significant impact on the utilization of cardiac CT, received immediate praise from imaging specialists.

The all-in-one Omni Legend PET/CT scanner is now being manufactured in a new production facility in Waukesha, Wisconsin.

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