Retail clinics have grown substantially in number and popularity since their emergence in the early 2000s. Retail clinics are limited healthcare clinics that operate outside of physician offices and hospitals, typically in pharmacies, grocery stores, and ”big box” stores like … Continue Reading
It’s deal time! The 2016 JP Morgan Healthcare Conference has set the tone for another successful year for healthcare investing. A company’s financial health is a key factor in the underwriting process for any type of loan and, in the … Continue Reading
A September 2015 Consero survey of general counsels (GCs) from mid-size to large U.S. hospital and health systems provides some interesting insight into the top issues facing legal departments.
Highlights include the following:
- 94% of surveyed GCs said they are
Scholar Rock has announced it has secured $36 million in series B financing.
Scholar Rock, based in Cambridge, Mass., is a biotechnology company focused on developing drugs that selectively target supracellular activation of growth factors in the disease microenvironment. … Continue Reading
OrbiMed has announced the closing of its next venture capital fund with $950 million in limited partner commitments.
Allena Pharmaceuticals has announced it has secured $53 million in series C financing.
Allena, based in Newton, Mass., is biopharmaceutical company focused on developing and commercializing nonsystemic oral protein therapeutics to treat metabolic and orphan diseases.
The financing round … Continue Reading
Our McGuireWoods colleagues published a piece about the recently released work plan for the OIG in 2016, provided here as Part 1 of 2. We closely review the annual release of this plan as it can provide valuable insights into … Continue Reading
Overall U.S. healthcare spending increased 5.3% in 2014 to reach $3.0 trillion, according to a report from CMS’ Office of the Actuary.
The study indicated the growth experienced in 2014 was primarily attributable to major coverage expansions under the … Continue Reading
Warburg Pincus has announced it has successfully raised its latest global fund, Warburg Pincus Private Equity XII.
The fund, launched in May 2015, has received commitments in excess of its $12 billion hard cap.
Wellspring Capital Management has announced it has acquired AdvoServ.
Wellspring, headquartered in New York, is a middle-market PE firm that manages more than $3 billion of private equity capital.
PE firm Warburg Pincus has announced it will invest up to $300 million in new pharmaceutical company Vertice Pharma.
Vertice Pharma, which has its U.S. headquarters in New Jersey, will focus on acquiring specialty pharmaceutical companies and products. It was … Continue Reading
Atreca has announced it has secured $56 million in series A funding.
Atreca, based in Redwood City, California, is a privately held biotechnology company developing therapeutics drawn from human immune responses, including anti-cancer immune responses.
The funding round was … Continue Reading
On November 2, President Obama signed into the law the Bipartisan Budget Act of 2015 (the “Act”), which contains language that will significantly change how hospital-based outpatient care is reimbursed.
Currently, off-campus hospital outpatient departments (“HOPDs”) that comply with Medicare’s … Continue Reading
Pamplona Capital Management has announced it will acquire MedAssets for $2.7 billion.
Quad-C Management has announced it has closed an investment in VMG Health.
Quad-C, headquartered in Charlottesville, Va., is a middle market PE firm focused on investing in business services, consumer, general industrial, healthcare, specialty distribution and transportation/logistics companies. It … Continue Reading
We’ve discussed in the past certain risks of which investors should be aware with laboratory investments. Last week, TA Associates portfolio company Millennium Health agreed to pay $256 million to resolve claims that it billed federal healthcare programs, including Medicare … Continue Reading
Amber McGraw Walsh, chair of the McGuireWoods Healthcare Department, is featured in a new article published by The Ambulatory M&A Advisor.
The column is titled “Evolution in the Behavioral Health Market.” It examines the behavioral health merger and acquisition … Continue Reading
MTS Health Investors has announced it has sold portfolio company DNA Diagnostics Center (DDC) to GHO Capital Partners for $110 million.
Galera Therapeutics has announced it has raised $37 million in series B financing.
Galera, headquartered in Malvern, Pa., is a clinical-stage biotechnology company focused on the development of drugs targeting oxygen metabolic pathways.
The financing round was led by … Continue Reading
Comvest Partners has announced the close of its fifth PE fund.
Comvest Investment Partners V closed with $893 million in total capital commitments, above the $700 million target established at the outset of fundraising.
Comvest Partners, headquartered in West Palm … Continue Reading
Levine Leichtman Capital Partners (LLCP) has announced it has partnered with management to acquire Caring Brands International (CBI).
AMO Pharma Limited has announced it has secured $25 million in private equity financing.
AMO Pharma, with offices in Philadelphia and London, is a privately held biopharmaceutical company focusing on debilitating diseases with limited or no treatment options.
The … Continue Reading
The specialty pharmacy market is particularly ripe for opportunity. We’ve seen increased merger and acquisition activity in this health care sector, with consistently high valuations, as a variety of different candidates look for acquisition opportunities, including large retail pharmacy chains … Continue Reading
A U.S. Bankruptcy Court judge has approved the sale of Health Diagnostic Laboratory (HDL), based in Richmond, Va., to True Health Diagnostics, based in Frisco, Texas, for $37.1 million, according to a Richmond Times Dispatch report.
The sale of … Continue Reading