Health Care - Articles
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
June 10, 2019
Aptar acquires Nanopharm and Gateway Analytical
AptarGroup has acquired two pharmaceutical services companies for a combined value of approximately $50 million. The acquisitions are part of the Crystal Lake company’s strategy to broaden its portfolio of services....
By Jayne Gest
June 10, 2019
Gateway Analytical bought by Aptar
Allegheny County's Gateway Analytical was acquired by AptarGroup, along with another pharmaceutical services company, Nanopharm Ltd., for a combined value of approximately $50 million....
By Jayne Gest
June 7, 2019
Health Alliance Plan to buy Medicaid plan
The move by the Henry Ford Health System subsidiary marks a re-entrance into the state of Michigan’s Medicaid HMO service area known as Region 10....
By Jayne Gest
June 6, 2019
Jump Capital Sells Champion Healthcare Technologies
Since Chicago-based Jump Capital first invested in Champion in 2013, the company has grown its customer base from 125 hospitals to well over 500 and revenue has increased nearly 6 times....
By Mark Scott
June 6, 2019
Riverside Acquires Champion Healthcare Technologies
The company will be combined with HemaTerra Technologies, a provider of SaaS-based solutions for independent and hospital-based blood collection centers and plasma collection centers, acquired by Riverside earlier this year....
By Mark Scott
June 6, 2019
Pittsburgh Life Sciences Greenhouse invests $20K in Clinical Platform
Clinical Platform aims to become the single entity for patient recruitment by utilizing the power of education to increase patients’ awareness about clinical trials and help speed up the process of trial enrollment....
By Jayne Gest
June 5, 2019
Enclara Pharmacia closes Avanti Health Care acquisition
Enclara Pharmacia, a comprehensive pharmacy benefits management (PBM) services company focusing on hospice, has completed its acquisition of Avanti Health Care Services, a direct-delivery pharmacy provider in the greater New York region....
By Adam Burroughs
June 5, 2019
Quantum Health’s Kara Trott on raising capital without losing control
How the CEO of the health care company brought on three rounds of investors, while keeping control of the business she founded....
By Jayne Gest
June 5, 2019
BGL Handles Real Estate Sale Of Dialysis Center Portfolio
Brown Gibbons Lang & Co. announced the real estate sale of Bay Area Regional Dialysis Center Portfolio, consisting of two dialysis centers totaling approximately 20,861 rentable square feet, located in Saginaw and Essexville, Michigan....
By Mark Scott
June 4, 2019
Revolution Enterprises Completes HempVet Acquisition
HempVet is a national brand in the pet product market with more than 35 years of product development experience and an online and national retail distribution footprint....
By Mark Scott
June 3, 2019
Frontage Holdings IPO debuts on Hong Kong exchange
Exton-based Frontage Holdings Corp., the parent company of Frontage Laboratories, a contract research organization specializing in R&D product development services, had its initial public offering on The Stock Exchange of Hong Kong....
By Adam Burroughs
June 3, 2019
SkinJect raises $2.5M for skin cancer treatment patch
Pittsburgh-based startup SkinJect put together a $2.5 million equity round with 13 unnamed investors for the patch it’s developing to treat skin cancers, according to a SEC regulatory filing....
By Jayne Gest
May 30, 2019
Tempus Announces $200M in Series F Financing
The funds will be used to further enhance operations and accelerate expansion into new therapeutic areas and geographies. With this latest round, Tempus has raised $520 million since its founding in September 2015....
By Mark Scott
May 29, 2019
Beam Dental raises $55M Series D round
The fast-growing dental benefits provider raised a Series D round led by Toronto PE firm, Georgian Partners. Columbus-based Drive Capital, which was involved in two previous funding rounds, participated in the latest capital raise as well....
By Jayne Gest
May 29, 2019
Medical device maker EPIC Extremity bought by Exactech
The deal continues the relationship between the designer of screw and plating systems for the foot and ankle and Exactech, which had been distributing EPIC's products for the last year....
By Jayne Gest
May 22, 2019
NHI Acquires Assisted Living Facility In $13.5M Deal
NHI is a real estate investment trust specializing in sale-leaseback, joint venture, mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments....
By Mark Scott
May 21, 2019
Riverside Invests In Naturally Slim
The Dallas-based company has a digital health platform focused on helping participants lose weight and lead healthier lives....
By Adam Burroughs
