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
