Healthcare Transportation

Medical Transportation Firm Modivcare Files for Bankruptcy

Medical transportation firm Modivcare Inc. filed for bankruptcy in an effort to shed $1.1 billion of debt, after federal health-care funding cuts threatened to crimp future cash flows. The company filed for Chapter 11 in the US Bankruptcy Court for the Southern District of Texas, according to a statement. Bloomberg previously reported that Modivcare was […]

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FTC Green-Lights UPS’ Medical Device Distributor Acquisition

The Federal Trade Commission has approved UPS’ $1.6 billion acquisition of Andlaur Healthcare Group, a Canadian provider of temperature-controlled logistics and distribution services for the healthcare sector. The green light allows UPS to proceed with the transaction first announced in April, as the company continues to deepen its push into healthcare logistics. UPS said the

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Cryoport Completes CRYOPDP Divestiture and Commences Strategic Partnership with DHL Group

Cryoport, Inc. (Nasdaq: CYRX) (“Cryoport” or the “Company”), a leader in temperature-controlled supply chain solutions for the Life Sciences, with a focus on regenerative medicine, announces the completion of the previously disclosed divestiture of its specialty courier business, CRYOPDP, to DHL Group (“DHL”), one of the world’s leading logistics providers, in a transaction that includes

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UPS to Acquire Andlauer Healthcare Group for $1.6B

UPS (NYSE: UPS) announces that it has entered into a definitive agreement to acquire Andlauer Healthcare Group Inc. (TSX: AND) (“AHG”), a leading North American supply chain management company headquartered in Canada and offering customized third-party logistics and specialized cold chain transportation solutions for the healthcare sector. Under the terms of the agreement, AHG shareholders

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