03:46 AM EDT, 10/10/2025 (MT Newswires) -- Runway Growth Finance ( RWAY ) said late Thursday it has agreed to acquire SWK Holdings ( SWKH ) for around $220 million in cash and stock.

Runway said it will pay an expected $75.5 million in shares and around $145 million in cash. It will also contribute an additional $9 million in cash to SWK shareholders.

The deal is expected to close in late 2025 or Q1 2026, pending shareholder and regulatory approvals, Runway said.

The acquisition will increase Runway's healthcare investments to about 31% of its portfolio from 14% as of June 30, and expand its balance sheet to $1.3 billion in assets, the company said.

SWK shares were up more than 53% in premarket activity Friday.