Kingsway Pharmaceuticals Takes Minority Stake in CIGA Healthcare

MIGA Holdings Acquires Invacare's North American Business

November 12, 2024

Medical Devices

MIGA Holdings LLC has acquired Invacare Holdings Corporation’s North American business, transferring Invacare’s U.S. mobility and home-healthcare product operations to MIGA. The divestiture lets Invacare concentrate on its other regional operations while giving MIGA a platform to expand manufacturing, sales and distribution in the North American medical mobility market.

AbbVie Enters Strategic Alliance with iSTAR Medical for MINIject with Option to Acquire

July 20, 2022

Medical Devices

AbbVie has entered into a strategic alliance with iSTAR Medical to further develop and commercialize the MINIject minimally invasive glaucoma surgery (MIGS) device. iSTAR will receive a $60M non-dilutive upfront payment and AbbVie holds an exclusive right to acquire iSTAR, with up to $475M of additional contingent payments tied to closing and milestones; iSTAR will remain independent until completion of its STAR‑V study.

Kingsway Financial Services Acquires Digital Diagnostics Imaging for $11M

October 27, 2023

Healthcare Services

Kingsway Financial Services (NYSE: KFS) acquired Digital Diagnostics Imaging, Inc. (DDI), a New Jersey-based provider of outsourced cardiac monitoring telemetry services, for $11.0 million in an all-cash transaction funded with cash and debt. The acquisition, completed under Kingsway's Search Xcelerator platform, is immediately accretive and adds about $4.2 million of annual revenue and $1.8 million of annual adjusted EBITDA while bringing a capital-light, recurring-revenue capability into Kingsway's portfolio.

IK Partners Acquires Medica Group

July 7, 2023

Healthcare Services

IK Partners, via newly incorporated Moonlight Bidco Limited, has completed its acquisition of Medica Group Plc, a market-leading teleradiology and imaging-services provider headquartered in Hastings, UK. The transaction (effective 6 July 2023) takes Medica private; IK says it will support Medica's growth by investing in people, technology and new capabilities, including through M&A.

Gawah Holdings Takes Strategic Equity in Digipharm Ltd.

January 13, 2022

Healthcare Services

Gawah Holdings Inc. has taken a strategic equity stake in Digipharm Ltd. to help implement Digipharm's value-based healthcare platform across the GCC, beginning with the United Arab Emirates. Digipharm provides a value-based contracting platform linking manufacturers, payers and providers and plans to expand its solutions into the MENA region with Gawah's support.

CAIRE Inc. Acquires MGC Diagnostics (MGC)

November 29, 2022

Medical Devices

CAIRE Inc., a subsidiary of NGK Spark Plug Co., Ltd., acquired St. Paul–based MGC Diagnostics (MGC), a global maker of non-invasive cardiorespiratory diagnostic systems. The transaction closed on December 28, 2022 and expands CAIRE's clinical diagnostic capabilities and global distribution for pulmonary diagnostic devices, adding MGC's product portfolio and international facilities to CAIRE's offerings.