Healthcare

IBM has made an offer to acquire Confluent, a data streaming platform, for $11 billion, as the tech giant seeks to boost its artificial intelligence portfolio.  IBM says it will pay $31 per share in an all-cash transaction for all of the issued and outstanding common shares of the company.  The move comes after IBM predicts more than one billion new “logical” AI applications are expected to double by 2028, with rapid developments into AI agents next ...

Summit Financial Holdings has purchased a minority investment stake in Rhode Island-based Ivy Wealth Management, which oversees about $500 million in total client assets and deepens the RIA’s presence in the Northeast.  Ivy Wealth Management was founded in 2010 and is led by president Brad Ingegneri, after spending nearly 10 years at Bank of America’s Merrill Lynch. The firm offers retirement planning, tax and estate planning, investment management, and insurance services to high-net-worth families and ...

Westwood Financial, a Los Angeles–based retail real estate investment firm, has closed on a $145 million expansion of its corporate credit facility, increasing total capacity to $470 million.  The upsizing builds on the $70 million term loan expansion completed in 2024. The latest enhancement adds an additional $70 million in term loans and $75 million ...

Mercer Advisors has acquired Glass Jacobson Wealth Advisors, a Maryland-based wealth management firm with approximately $1 billion in assets under management and deep roots in tax and accounting. The transaction strengthens Mercer Advisors’ presence in the Mid-Atlantic, extending its reach across the Baltimore–Washington, D.C. corridor.  Founded in 2001 and originating from Glass Jacobson Financial Group, ...