M&A Deal Summary

Avita Acquires AbsoluteCare Atlanta

On October 5, 2022, Avita acquired healthcare services company AbsoluteCare Atlanta from AbsoluteCare

Acquisition Highlights
  • This is Avita’s 2nd transaction in the Healthcare Services sector.
  • This is Avita’s 6th transaction in the United States.
  • This is Avita’s 1st transaction in Georgia.

M&A Deal Summary
Date 2022-10-05
Target AbsoluteCare Atlanta
Sector Healthcare Services
Buyer(s) Avita
Sellers(s) AbsoluteCare
Deal Type Divestiture

Target

AbsoluteCare Atlanta

Atlanta, Georgia, United States
AbsoluteCare Atlanta has offered comprehensive primary care and pharmacy services to the LGBTQ+ community. An HIV Center of Excellence, it serves more than 5,500 individuals, providing clinical care and life services to its patient base.

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Buyer(S) 1

Buyer

Avita

Baton Rouge, Louisiana, United States
Category Company
Founded 2003
Sector Life Science
DESCRIPTION

Avita is a specialized pharmacy which dispenses and delivers prescription medications for patients with certain chronic diseases. Avita also provides extensive patient data to the caregivers, prescribing physicians and community based organizations to assist with monitoring patient adherence. Avita was founded in 2003 and is based in Baton Rouge, Louisiana.

DEAL STATS #
Overall 6 of 6
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 2 of 2
State (Georgia) 1 of 1
Country (United States) 6 of 6
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Advantage Healthcare Services - Two HIV-Focused Pharmacies

Garden Grove, California, United States

Two California HIV-Focused Pharmacies serve over 5,000 patients and nearly 2,000 HIV lives across 300+ provider network locations and nine Covered Entity partners.

Buy -

Seller(S) 1

SELLER

AbsoluteCare

Baltimore, Maryland, United States
Category Company
Sector Healthcare Services
DESCRIPTION

AbsoluteCare is a value-based integrated healthcare provider, focused on providing comprehensive and preventative care to the most vulnerable and chronically-ill populations. AbsoluteCare offers concierge health services using a risk-bearing, primary care provider-driven care model. AbsoluteCare is headquartered in Baltimore, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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