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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