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Health Care - Articles

September 20, 2019

Hugh Cathey: Smart Fundraising Requires Monitoring Market

Serial entrepreneur Hugh Cathey, now on his ninth startup with genetic testing company ChromoCare, shares his best practices for raising capital....

By Jayne Gest

September 18, 2019

Indago Raises Another $1 Million

The company previously raised $4.5 million of venture funding in June and in 2018 raised $5.5 million from "40 physician champions."...

By Michael Marzec

September 13, 2019

VillageMD’s Tim Barry: Investors Want To Give You Money

The co-founder and CEO of the healthcare management services company talks about his strategy when raising capital and the importance of establishing an ongoing dialogue with potential investors....

By Mark Scott

September 12, 2019

TPA Stream's Jacob Sheridan: Find A Problem, Then Start A Business

Don’t try to start a business, advises TPA Stream CEO Jacob Sheridan. Try to find a big problem and come up with a creative way to solve it. That's your business....

By Mark Scott

September 12, 2019

Hometown Urgent Care purchases Springfield clinics

Hometown Urgent Care, Ohio’s largest urgent care and occupational health company, which is headquartered in Columbus, has acquired three clinics operated by Community Urgent Care in Springfield, Ohio. Hometown plans to consolidate its operations in Springfield into three clinics....

By Jayne Gest

September 10, 2019

Baxter International To Buy Cheetah Medical In $190M Deal

The transaction consists of an upfront cash consideration of $190 million, with potential for an additional $40 million based on clinical and commercial milestones....

By Mark Scott

September 9, 2019

Pareto Health complete recapitalization with Great Hill Partners

Pareto Health Inc., an employee benefit group captive manager, has completed a recapitalization with private equity firm Great Hill Partners....

By Adam Burroughs

September 9, 2019

AKSM raises capital

Columbus medical company AKSM Ltd. received $550,000 in development capital from undisclosed investors, for growth/expansion....

By Jayne Gest

September 8, 2019

AIRS Raising $1.5M In Series A Venture Funding

Previously, the Newaygo-based company was awarded a $333,333 prize from Three Lakes Partners in IPF Catalyst Challenge on Jan. 25, 2018....

By Mark Scott

September 5, 2019

PHOENIX Rehab buys North Carolina facility

Indiana County-based PHOENIX Rehabilitation and Health Services has acquired Black Mountain Physical Therapy, which becomes the company’s 100th location in the U.S. The transaction will allow PHOENIX to serve residents in the Black Mountain, Asheville and Swannonoa Valley areas....

By Jayne Gest

September 4, 2019

VillageMD Announces $100M In Series B Funding

The Series B round was led by $75 million from Kinnevik AB, an international growth-focused investment company, and a returning investment from Oak HC/FT, as well as new investments from Town Hall Ventures and Adams Street Partners....

By Mark Scott

August 28, 2019

How Krystal Biotech went from founding to IPO in 18 months

CEO Krish Krishnan is an experienced biotech executive. But even he didn’t expect to go from self-funding Krystal Biotech to IPO in 18 months....

By Jayne Gest

August 27, 2019

JLL Partners, Water Street Healthcare Agree To Buy THREAD

THREAD's platform and services are designed to make clinical trials and registries more accessible and less costly by replacing patient visits at investigator sites with technology-enabled interactions at more convenient locations....

By Mark Scott

August 26, 2019

BAYADA buys Visiting Nurse Association Health Group

BAYADA Home Health Care is acquiring Visiting Nurse Association Health Group in a deal expected to be finalized by November....

By Adam Burroughs

August 21, 2019

Independent Emergency Physicians, Healthy Urgent Care Form Joint Venture

IEP has acquired two Healthy Urgent Care centers in Novi and Southfield to form IEP-HUC Health and has plans to open new centers throughout Southeast Michigan....

By Mark Scott

August 19, 2019

Grove City Medical Center to join AHN

Grove City Medical Center, Allegheny Health Network and Highmark Health have signed an affiliation agreement. Pending government approval of the merger, the organizations expect to close on the affiliation in the next few months, establishing Grove City as AHN’s ninth owned hospital....

By Jayne Gest

August 19, 2019

Centerbridge Partners Makes Significant Investment In GoHealth

GoHealth was founded in 2001 by Brandon Cruz and Clint Jones, who will continue to lead the business and retain an ownership stake in the company following the completion of the transaction....

By Mark Scott

August 13, 2019

Apervita Buys Boston-Based Qcentive

The combined Apervita and Qcentive entity will operate under the Apervita brand with offices in Chicago and Boston....

By Mark Scott

August 2, 2019

Temple University sells Fox Chase Cancer Center to Thomas Jefferson University

Temple University has agreed to sell Fox Chase Cancer Center to Thomas Jefferson University after months of negotiations, according to The Temple News, Temple University’s paper of record....

By Adam Burroughs

July 31, 2019

Roche, Spark extend offering period … again

Roche and Spark Therapeutics Inc. have again extended the offering period of Roche’s previously announced tender offer to purchase all of the outstanding shares of common stock of Spark....

By Adam Burroughs

July 30, 2019

Family Care Path Raises Angel Round

Cleveland-based Family Care Path, a 2016 spin-out company from Cleveland Clinic Innovations, has raised $600,000 of angel funding from undisclosed investors....

By Michael Marzec

July 29, 2019

Mylan and Pfizer's Upjohn division to combine

Mylan N.V. and Pfizer Inc. have agreed to combine Mylan with Upjohn, Pfizer’s off-patent branded and generic established medicines business, creating a new global pharmaceutical company. The strategic deal puts together Mylan’s pipeline and supply chain and Upjohn’s commercial and medical infrastructure and expertise, in order to serve more than 165 markets....

By Jayne Gest

July 24, 2019

InstaMed, JPMorgan Chase deal finalized

JPMorgan Chase & Co. has closed its acquisition of InstaMed, a health care payments company headquartered in Philadelphia. InstaMed Holdings, Inc. will operate as a subsidiary of JPMorgan Chase Bank N.A....

By Adam Burroughs

July 24, 2019

Gemphire Therapeutics merges with NeuroBo Pharmaceuticals

The merged company will take on the NeuroBo name and focus on the company’s clinical-stage drug candidates for the treatment of neurodegenerative diseases....

By Mark Scott

July 22, 2019

Ocuphire Raises Over $5M To Complete Late Phase 2 Clinical Trials

Investors include RBI Opportunities Fund, Belle Capital Fund, Grand Angels Fund, First Capital Fund, Michigan Angel Fund, Biosciences Research and Commercialization Center, Ann Arbor Angels, Woodward Angels, Kalamazoo Angels, BlueWater Angels and other individual and institutional investors....

By Mark Scott

July 17, 2019

Crozer-Keystone owner Prospect Medical get $1.55B injection

Proceeds from the sale-leaseback of the company’s real estate assets in California, Connecticut and Pennsylvania will be used to retire the company’s existing term-loan debt....

By Adam Burroughs

July 16, 2019

Lubrizol buys Bavaria Medizin Technologie

This acquisition is intended to build on Lubrizol’s expertise in precision thermoplastic extrusion and product development....

By Adam Burroughs

July 16, 2019

Comet Bio Closes Financing Round

Comet has also chosen Chicago as its U.S. headquarters because of the significant number of food and nutrition companies located throughout the region....

By Mark Scott

July 15, 2019

NeuBase Therapeutics closes reverse merger, hedge fund invests

Immediately following the closing, the company agreed to a private placement of common stock with Greenlight Capital, a New York City hedge fund that now owns about 9 percent of NeuBase common stock....

By Jayne Gest

July 15, 2019

Livongo IPO Expected To Fetch $20-$23 Per Share

Last month, the digital-health startup co-founded by Chicagoan Glenn Tullman, former CEO of Allscripts, filed to make an IPO that is expected to value the company at more than $1 billion....

By Mark Scott

July 10, 2019

Ohr gains approval for NeuBase’s reverse merger

Ohr Pharmaceutical Inc.’s proposed merger with NeuBase Therapeutics Inc. was approved by stockholders. The deal will create a public company under which the stockholders of Pittsburgh-based NeuBase become majority holders of the combined company....

By Jayne Gest

July 10, 2019

Hillrom Sells Surgical Consumable Products Assets To Audax

The deal is expected to strengthen Hillrom's ability to focus resources across its portfolio and underscores the company's strategic focus on high-growth, high-margin categories where it can demonstrate leadership....

By Mark Scott

July 9, 2019

Elgin-Based HFRI Buys PARA HealthCare

HFRI is backed by Housatonic Partners, a San Francisco and Boston-based private equity firm....

By Mark Scott

July 9, 2019

Safco Dental Supply Sold to PNC Riverarch Capital

Safco is a distributor of brand-name and private-label dental supplies to independent dental practices throughout the contiguous U.S....

By Mark Scott

July 9, 2019

Beaumont Health To Buy Summa Health

The two health systems, with combined annual revenue of more than $6 billion, have signed a letter of intent to draft a definitive agreement and expect to finalize a deal by the end of the year. Summa Health would maintain local leadership, including a local board....

By Mark Scott

July 9, 2019

BRG Closes Deal To Buy Prism Healthcare

The combined group, BRG | Prism Healthcare, becomes one of the nation’s largest healthcare performance improvement consulting firms....

By Mark Scott

July 8, 2019

Spark, Roche deal put on hold

Spark Therapeutics’ acquisition by Roche has been put on hold as the two companies agreed to extend the deadline for the Swiss drugmaker’s $4.3 billion takeover bid for the U.S. gene therapy specialist, according to Reuters. The report noted that Roche remains committed to a deal....

By Adam Burroughs

July 8, 2019

Pinnacle Dermatology Buys Bolingbrook Dermatology

Pinnacle is a portfolio company of Chicago Pacific Founders and has practice locations in Illinois, Indiana, Michigan and Minnesota....

By Mark Scott

July 2, 2019

Net Health buys Optima Healthcare in strategic deal

The Pittsburgh-based provider of cloud-based software for specialized outpatient care will use the deal to expand its cloud-based electronic medical record software part of its business....

By Jayne Gest

June 28, 2019

Livongo Health files for IPO

The startup — co-founded by Chicago entrepreneur Glenn Tullman, former CEO of AllScripts — is expected to attain a valuation of more than $1 billion....

By Michael Marzec

June 27, 2019

Vincentian purchases Schenley Gardens

Vincentian has acquired Schenley Gardens Senior Living Community in Pittsburgh’s Oakland neighborhood. Vincentian intends to invest more than $1 million in capital improvements, while providing professional development, training and career advancement opportunities for current employees....

By Jayne Gest

June 27, 2019

Highmark to sell Visionworks to VSP

VSP Global has agreed to acquire San Antonio-based Visionworks, which is a majority-owned subsidiary of Highmark....

By Jayne Gest

June 26, 2019

MedKairos raises $1.46 million angel round

The company, a developer of a cancer diagnostic device that automates the biopsy process to aid in early-stage cancer detection, previously received a $50,000 grant from the National Science Foundation in 2016....

By Michael Marzec

June 26, 2019

Esperion Lands $200M Funding Agreement from Oberland Capital

The original Esperion was acquired by Pfizer in 2004 for $1.3 billion, but a new Esperion was founded and subsequently bought the rights to the product from Pfizer....

By Mark Scott

June 20, 2019

UPMC Enterprises invests in its own disruption

Officially created five years ago to create health care innovations that improve the lives of patients in meaningful  ways, UPMC Enterprises encompasses the $130 million a year that UPMC lays out for corporate venture investments and R&D....

By Jayne Gest

June 19, 2019

Navidea closes offering; raises $6M

Half of the shares sold in the offering were placed with John Kim Scott Jr., a principal stockholder in the company, who agreed to purchase shares at $0.75 per share....

By Jayne Gest

June 18, 2019

Coeptis Pharmaceuticals sells seven development-stage drug products

Coeptis Pharmaceuticals Inc. has sold a pipeline of seven development-stage generic products to Minnesota’s ANI Pharmaceuticals Inc. for $2.3 million dollars in cash and up to $12 million in additional development and commercial milestones....

By Jayne Gest

June 18, 2019

PLSG invests in four regional life sciences startups

In the first half of 2019, the Pittsburgh Life Sciences Greenhouse has invested $155,000 in four startups — Health IT companies RIMSYS and Clinical Platform, therapeutic company CytoAgents and medical device company Neuro Kinetics....

By Jayne Gest

June 13, 2019

GlobalFit acquires The Charge Group

The companies decided to merge following an 18-month partnership with a goal of accelerating the introduction of Charge's in-person and tele-nutrition programs at GlobalFit's 4,500 employer and insurer clients nationwide....

By Adam Burroughs

June 13, 2019

Navidea prices offering to raise $6M

Navidea Biopharmaceuticals has priced its previously announced public offering of 8 million shares of common stock at $0.75 per share. It intends to use the proceeds to fund its R&D programs and for general working capital purposes and other operating expenses....

By Jayne Gest