Active Day Expands in South Carolina with Strategic Acquisitions
Deal News | Apr 09, 2025 | TT Capital Partners LLC
This article offers a comprehensive overview of the latest mergers, acquisitions, and investments in the healthcare sector as of April 9, 2025. Key transactions include Active Day's expansion in South Carolina through acquisitions, the launch and acquisition activities of Artis BioSolutions, and AvaSure's strategic acquisition to enhance virtual care solutions. Furthermore, Aveanna Healthcare looks to expand its pediatric care across Massachusetts, and Beacon Health System's acquisition of Ascension stretches its influence in Michigan. Other significant deals include Siemens AG's hefty $5.1 billion acquisition of Dotmatics, Eargo's merger with hearX backed by a $100 million investment, and Johnson & Johnson's acquisition of Intra-Cellular Therapies. Meanwhile, investment activities from firms like Clearview Capital, Phorcys Capital Partners, and Wellspring Capital Management highlight the ongoing diversification within healthcare services, spanning mental health to minimally invasive procedures. These transactions reflect the dynamic shifts and key trends currently reshaping the future of healthcare delivery and services.
Sectors
- Healthcare
- Biotechnology
- Information Technology
Geography
- United States – The majority of the transactions discussed in the article involve companies operating within the United States, including activities in South Carolina, Massachusetts, Michigan, and other states.
- Germany – Germany is relevant due to Siemens AG, a German multinational, acquiring Dotmatics, signifying cross-border M&A activity.
Industry
- Healthcare – The article focuses on various M&A activities in the healthcare sector, including home care, virtual care, genetic medicines, pediatric care, and mental health services, highlighting the ongoing transformation and integration within the industry.
- Biotechnology – Biotechnology is a significant aspect of the article, with companies like Artis BioSolutions and RayThera engaging in acquisitions and funding activities related to genetic medicines and biotechnology innovation.
- Information Technology – The acquisition of Dotmatics by Siemens involves software and data solutions, indicating the growing importance of IT in facilitating integration and decision-making in the life sciences R&D sector.
Financials
- 5.1 billion – The acquisition price Siemens AG is paying to acquire Dotmatics.
- 102 million – Funds raised by Neurona Therapeutics for regenerative cell therapies.
- 100 million – Investment by Patient Square Capital in the merger of Eargo with hearX.
- 110 million – RayThera raised $110 million in Series A funding for discovering small molecule therapies.
- 38 million – Growth capital secured by restor3d.
- 40 million – Series B funding round raised by Thatch led by Index Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TT Capital Partners LLC | Publication Source | Company | TT Capital Partners LLC is the private equity firm providing the M&A weekly update on healthcare transactions. |
| Active Day | Acquirer | Company | Active Day is a provider of adult day services and home care services that acquired three home care services in South Carolina. |
| AllCaregivers, New Generations Home Care of Florence, and Goldencare | Acquirees | Companies | These are the companies acquired by Active Day, providing home care services in South Carolina. |
| Artis BioSolutions | Company and Acquirer | Company | Artis BioSolutions is a company focused on genetic medicines that announced its launch and acquisition of Landmark Bio. |
| AvaSure | Acquirer | Company | AvaSure is a leader in AI-powered virtual care solutions that acquired Nurse Disrupted to enhance care delivery. |
| Aveanna Healthcare | Acquirer | Company | A home care platform acquiring Thrive Skilled Pediatric Care to expand its services. |
| Beacon Health System | Acquirer | Company | A nonprofit healthcare leader in Indiana acquiring Ascension healthcare system in Michigan. |
| Clearview Capital | Investor | Company | Invested in Advantage Behavioral Health, a mental health treatment provider. |
| Dotmatics | Target | Company | A provider of scientific software for life sciences R&D, acquired by Siemens AG. |
| Siemens AG | Acquirer | Company | A German multinational conglomerate acquiring Dotmatics to enhance its software capabilities. |
| Eargo and hearX | Merger Participants | Companies | Companies merging to form LXE Hearing, focusing on the OTC hearing aid market. |
| The Ensign Group | Acquirer | Company | A provider of skilled nursing and rehabilitative care services acquiring facilities in California and Washington. |
| Johnson & Johnson | Acquirer | Company | Completed the acquisition of Intra-Cellular Therapies to expand its Innovative Medicine segment. |
| Patient Square Capital | Investor | Company | Provided $100 million in investment to support the merger of Eargo and hearX. |
| Neurona Therapeutics | Funding Recipient | Company | A biotherapeutics company that raised $102 million for developing regenerative cell therapies. |
| Novant Health | Acquirer | Company | Acquiring 18 OrthoCarolina imaging locations to improve imaging services. |