Acquisitions
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A One-Time Treatment for NASH? Kriya Strikes Deal for Liver Disease Gene Therapy
Gene therapy biotech Kriya Therapeutics has acquired Tramontane Therapeutics, a startup focused on metabolic diseases. Tramontane brings a gene therapy that’s a potential one-time treatment for the fatty liver disease NASH.
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Danaher Continues M&A Streak, Buying Life Sciences Firm Abcam for $5.7B
Abcam’s acquisition comes two months after its board announced the exploration of strategic alternatives that could include the sale of the company. Danaher beat out at least 20 companies that were potential buyers of the life sciences tools and antibody development firm.
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Payer’s Place: Dawn Maroney
Dawn Maroney, President, Markets of Alignment Health and CEO of Alignment Health Plan, to discuss how they are using technology to provide better service and care to consumers.
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Bausch + Lomb Broadens Eye Products Lineup Via $1.75B Deal With Novartis
Dry eye disease drug Xiidra is the centerpiece of the Bausch + Lomb acquisition. The deal with Novartis also includes two experimental products, one for eye pain and the other a medical device for delivering medicines to the eye.
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Consumer / Employer, Health Tech
Maven Clinic Expands Presence in UK With Acquisition of Naytal
Through Maven’s acquisition, Naytal’s over 50 providers will join Maven’s platform, more than doubling the company’s number of providers in the U.K. Maven will also be able to sign on additional U.K.-based clients.
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Transcarent To Acquire Part of 98point6 for $100M, Gain AI-powered Virtual Care Platform
The $100 million deal between Transcarent and 98point6 is expected to close March 31 and is a combination of equity and cash, said Glen Tullman, CEO of Transcarent. Through the acquisition, Transcarent will gain access to 98point6’s AI-powered text-based technology, affiliated provider group and client base.
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Aledade Acquires Curia, Adds More Than 450 Primary Care Practices to Network
By adding 450 primary care practices to its network, the company claims to be the largest network of independent primary care. In total, the company now works with more than 1,500 independent primary care practices and health centers and has more than 150 value-based contracts across Medicare, Medicare Advantage, Medicaid and commercial plans.
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Elation Health Buys Medical Billing Company to Create All-in-One Tech Platform for Primary Care Providers
Elation Health announced its acquisition of medical billing company Lightning MD — a deal the company made to help it become an all-in-one technology platform for primary care providers. Lightning MD stood out from other medical billing startups because of its ease of use, Elation CEO Kyna Fong said.
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AMA report: U.S. has “highly concentrated” payer markets that stifle competition
About 73% of health insurance markets are highly concentrated, and in 46% of markets, one insurer had a share of 50% or more, a new report from the American Medical Association shows. The report comes a few months after President Joe Biden directed federal agencies to ramp up oversight of healthcare consolidation.
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Navigating the life science and healthcare funding landscape
Which capital funding options fit your healthcare or life science business?
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Applying Remote Patient Monitoring to Surgery Prep and Recovery, Oncology and Women’s Health
Join us to learn about the latest trends in remote monitoring and how to extend its benefits beyond chronic conditions to more patients – all while using fewer staff resources.
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Study: Rural hospitals that merged or were bought saw death rates drop
The mortality rates at rural hospitals for certain conditions, including heart attacks and stroke, decreased in the years following a merger or an acquisition compared with facilities that remained independent, a new study shows. This is a departure from research done on the effects of M&A on urban hospitals.
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Report: Telehealth funding hits record high of $5B
In the second quarter of 2021, the top five deals alone were worth $1.6 billion, representing 30% of the total funding raised. In addition, six telehealth companies joined the unicorn club, including LetsGetChecked and Thirty Madison.
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Eli Lilly gets glucose-sensing “smart insulin” via buyout of preclinical Protomer
Eli Lilly has acquired Protomer Technologies, a preclinical startup developing next-generation insulin that senses blood glucose levels and adjusts its activity accordingly. The technology could eliminate the need for multiple insulin injections throughout the day.
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Biden’s latest executive order aims to boost healthcare competition
President Joe Biden’s new executive order aimed at reducing anti-competitive behavior across industries includes directing federal agencies to revise guidelines for hospital mergers, enable people to comparison shop health plans on the ACA marketplaces and work with states to import drugs from Canada.
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Report: Healthcare M&A skewing toward regional partnerships
The total number of mergers and acquisitions in healthcare fell below historic figures for the second quarter of the year, but was offset by higher deal values. Trends in the space also appear to be shifting, with an increasing number of regional partnerships occurring among health systems as opposed to acquisitions of independent hospitals.
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Report: Hospitals, insurers, PE firms own nearly half of physician practices
The Covid-19 pandemic spurred the rate of physician practice acquisition by hospitals and corporate entities, like payers and private equity firms, a new report shows. As a result, by January 2021, about 48% of physician practices across the country were owned by one or the other entity.