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. 

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
mergers and acquisitions M&A puzzle

Independent practice coalition Strategic Radiology adds 80-physician group, deepening presence in 1 state

Summit Radiology is the product of two organizations—Allen County Radiology Associates and CFB Radiology, with roots dating to the 1960s—merging in 1995. 
 

September 11, 2023

Solis Mammography acquiring network of breast imaging centers

Supported by Chicago-based Madison Dearborn Capital Partners, the company has grown rapidly in recent years to now include 100-plus locations.

August 25, 2023
Scott Bundy, MD

Independent practice coalition Strategic Radiology expands to 20th state with new member

Intercity Radiology employs 11 board-certified physicians and serves six hospitals across Montana and western Washington. 

August 22, 2023
Failed merger | No deal

FTC and Department of Justice propose 13 guidelines to dictate M&A deals

Both agencies said their goal is to better reflect how they work to determine a merger's impact on competition in healthcare and other industries. 

July 19, 2023

Hiring challenges help influence hospital to hand radiology reins over to private practice

The deal covers the independent hospital's main facility, several community sites and five walk-in care centers, Commonwealth Radiology Associates announced. 

July 6, 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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