Market Pulse

Audax Private Equity together with management announced the acquisition of Katena Products. Katena Products (“Katena”), headquartered in Denville, New Jersey, is a global provider of precision ophthalmic instruments, devices, and…

Medtronic plc (Dublin, Ireland) acquired the assets of Aptus Endosystems Inc (Sunnyvale, CA) for approximately $110 million. Aptus is a privately held medical device company focused on developing advanced technology…

Ascendant Solutions, an investment firm, and its healthcare subsidiary, Dougherty’s Holdings, have acquired The Medicine Shoppe pharmacy in McAlester, Okla. It’s the fourth recent acquisition for Ascendant, which trades on…

BritKare Home Medical has acquired Pillar Equipment Services, a diversified DME business based in Lubbock, Texas. The acquisition gives BritKare, which has been serving the Texas Panhandle region since 1995,…

Invacare has sold its device rentals business for long-term care facilities. The business, comprised of Invacare Outcomes Management and Dynamic Medical Systems, sold for $15.5 million in cash. The buyer…

Patient Home Monitoring has been looking to grow its core Coumadin business and boost its stock price by rolling up HME companies. Its most recent acquisition: Louisiana-based Sleep Services, which…

Target is selling its pharmacy business to CVS Health for $1.9 billion and will rebrand its nearly 1,700 prescription departments as CVS/pharmacy in a blockbuster deal that stunned the healthcare…

Genesis HealthCare (Genesis), one of the nation’s largest providers of post-acute care, today announced that it has signed an asset purchase agreement with Revera Inc. (Revera), a leading owner, operator…

HealthSouth Corporation’s (NYSE: HLS) acquisition of Reliant Hospital Partners LLC for $730 million was a tremendous boost for the sector’s year-to-date spending, bringing the total to $850 million through June…

Nordic Capital, the private equity firm that formerly owned Permobil, has bought Sunrise Medical. Nordic Captial, along with IK Investment Partners, was rumored to be in the running to buy…

Stealth Products, a Quantum Rehab company, has acquired Accessible Designs, Inc. San Antonio-based ADI is best known for its ultralight wheelchair seating systems and aftermarket accessories, including disc brakes that…

CVS Health (Woonsocket, RI) and Omnicare Inc (Cincinnati, OH) entered into a definitive agreement for CVS Health to acquire Omnicare. CVS Health Corp. agreed to acquire nursing-home pharmacy Omnicare Inc.…

UnitedHealth Group has agreed to buy Catamaran in a transaction worth approximately $12.8 billion, in order to improve its pharmacy benefits operations (OptumRx). The transaction will add approximately $0.30 per…

Claflin Medical Equipment (Warwick, RI) and Hospital Associates (Anaheim, CA) announced a merger effective February 1, 2015. The merger will allow the combined company to cover the entire country logistically…

Discount retailer, Fred’s, has agreed to acquire Reeves-Sain Drug Store, a TN-based specialty and retail pharmacy, for approximately $66 million. The transaction includes EntrustRx, which will provide Fred’s with access…

Catamaran has agreed to buy Healthcare Solutions from Brazos Private Equity for $405 million in cash. The transaction will improve Catamaran’s medical cost management services to customers in the workers’…

OptumRx and Catamaran Corporation [NASDAQ:CTRX, TSX:CCT], a leading provider of pharmacy benefit management (“PBM”) services and technology solutions, announced today they have agreed to combine. OptumRx is UnitedHealth Group’s [NYSE:UNH]…

Globus Medical Inc (Audubon, PA) entered into an agreement to acquire Branch Medical Group Inc (Eagleville, PA), a third-party manufacturer of high-precision medical devices. Under the terms of the agreement…

Pfizer Inc (New York, NY) and Hospira Inc (Lake Forest, IL) entered into a definitive merger agreement under which Pfizer will acquire Hospira for $90 a share in cash for…

BD (Becton, Dickinson and Company) (Franklin Lakes, NJ) completed its acquisition of CareFusion Corporation (San Diego, CA) pursuant to the terms of the previously announced agreement from October 5, 2014.…

Catamaran, a provider of technology and PBM services, has acquired Salveo Specialty Pharmacy for $260 million in cash, which represents a TTM EBITDA multiple of approximately 13x. Salveo manages approximately…

Orthofix International NV (Lewisville, TX,) entered into an option agreement that provides the company with an 18-month option to acquire eNeura Inc (Baltimore, MD), a maker of portable, non-invasive Transcranial…

Pyrexar Medical (Salt Lake City, UT) began operations following its acquisition of hyperthermia assets held by Perseon (Salt Lake City, UT), formerly BSD Medical (Salt Lake City, UT). The acquisition…

SpecialtyCare (Nashville, TN) completed its previously announced acquisition of ProNerve (Nashville, TN), an intraoperative neuromonitoring (IONM) company. This broadens the range of clinical outsourced services SpecialtyCare offers that help ensure…

Medtronic plc (Dublin, Ireland) acquired Diabeter (The Netherlands), an independent diabetes clinic and research center dedicated to providing comprehensive and individualized care for children and young adults with diabetes. Diabeter…

Gennius, a prominent healthcare software provider that automates analytics to support accountable care process delivery and risk management, has been acquired by Quality Systems. Quality Systems is publicly-traded with a…

Audax Group, Inc. (Audax) has announced it made a significant investment in Corepoint Health LLC (Corepoint). Corepoint delivers a simplified approach to internal and external health data integration and exchange.…

Shore Capital Partners, LLC (Shore) is pleased to announce it has completed the acquisition of Summit Medical, Inc. (Summit). Summit has been a leading medical device manufacturer for over 30…

J.H. Whitney & Co., LLC has announced it has acquired Pediatric Services Holding Corporation, the parent company of Pediatric Services of America, Inc. (d/b/a PSA Healthcare). PSA Healthcare is a…

Rite Aid Corp. (RAD) announced that it would acquire private equity-backed Envision Pharmaceutical Holdings Inc. for $2 billion, following rival CVS Health Corp. into the pharmacy-benefit manager business. Terms of…

Hospice Compassus, a local network of palliative care programs, has acquired Life Choice Hospital, a Pennsylvania hospice company. Though specific terms of the deal were not disclosed, Hospice Compassus has…

Healthcare Group Purchasing $50 Billion Spend Giants To Merge VHA Inc (Irving, TX) and UHC (Chicago, IL) signed an agreement to combine into a single organization that will be the…

Pfizer Inc. and Hospira Inc entered into a definitive merger agreement under which Pfizer will acquire Hospira for $90 a share in cash for a total enterprise value of approximately…

NewSpring Capital announced that it has successfully exited Salveo Specialty Pharmacy, Inc. (“Salveo”), a portfolio company of its dedicated healthcare fund, NewSpring Health Capital (“NewSpring”). The exit was a result…

Chicago-based Huron Consulting Group is acquiring well-known healthcare consultant Studer Group, in a $325 million deal, creating a healthcare consulting operation that will have more than 1,500 employees, Huron announced…

Drive Medical has acquired U.K.-based Specialized Orthotic Services (SOS), a manufacturer and distributor of specialized seating and mobility products. “The acquisition of Specialized Orthotic Services extends our already significant presence…

Extendicare Inc. announced the Company has entered into a definitive agreement to acquire the Revera Home Health business from Revera Inc. for $83 million in cash, before working capital adjustments.…

Leeds Novamark Capital (“Leeds Novamark”) is pleased to announce that it has provided subordinated debt and an equity co-investment for the recapitalization of Quick Med Claims, LLC (“QMC”) by BB&T…

Welch Allyn Inc (Skaneateles Falls, NY) acquired Hubble Telemedical Inc (Knoxville, TN), a privately held healthcare company that enables remote diabetic retinopathy screening and analysis in primary care and other…

Accelera Innovations, Inc. signed an agreement to acquire Traditions Home Care Inc. (“Traditions Home Care”) for a price of $6,000,000. Traditions Home Care is engaged in the business of providing…

Rotech Healthcare has purchased the respiratory assets of a local DME provider in the Gulfport, Miss. area. “We are pleased to expand our existing services in the Gulfport area,” said…

Allegheny Health Network (AHN) has acquired majority ownership of Klingensmith Healthcare (KHC), one of western Pennsylvania’s leading suppliers of respiratory and home medical equipment (HME) and related services, officials announced…

Adreima, a national provider of healthcare revenue cycle management solutions, today announced the acquisition of HealthCPA, a leader in patient advocacy and consumer engagement services. Using its proprietary cloud-based technology,…

Patient Home Monitoring Corp. focused on rolling-up annuity-based healthcare service companies in the US and Canada, announced it has executed a binding Purchase Agreement for the acquisition of Black Bear…

HealthSouth Corp (Birmingham, AL) completed its acquisition of Encompass Home Health & Hospice (Dallas, TX). HealthSouth purchased the home health company for $750 million.

Stryker Corporation announced the asset acquisition of privately-held CHG Hospital Beds, Inc. (“CHG”) in an all cash transaction. CHG, headquartered in London, Ontario, Canada, sells innovative hospital beds that serve…

Henry Schein Inc (Melville, NY) will acquire scil animal care company GmbH (Viernheim, Germany), a distributor of animal health laboratory and imaging diagnostic products and services to veterinarians primarily in…

The Ensign Group, Inc. the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health, home care, hospice care, assisted living and urgent care companies, announced…

Nyer Medical Group, Inc. announced today that D.A.W., Inc., a wholly-owned subsidiary of Nyer which does business under the name Eaton Apothecary, and Nyer entered into a definitive agreement with…