CVS Wins Omnicare Auction

Omnicare Inc. (NYSE: OCR) put itself on the market in April, with bids due in May. At the time, its market value was estimated to be about $8.5 billion. CVS Health Corp. (NYSE: CVS), Express Scripts Holding Co. (NASDAQ: ESRX), McKesson Corp. (NYSE: MCK) and Walgreens Boots Alliance Inc. (NASDAQ: WBA) were expected to kick […]

Doctors Groups on an M&A Hot Streak

Interest in physician medical groups is reaching a boiling point in 2015, with 36 transactions announced as of May 22. Nine announcements were made in May alone, including last week’s deal for the 276-physician Chidren’s and Women’s Physicians of Westchester, by Boston Children’s Hospital. Contrast that with 2014’s total of 60 acquisitions, and 2015 is […]

Fast Start for Persivia

A week after announcing its formation, privately held Persivia made its first acquisition. The Lowell, Massachusetts-based company, which focuses on population health, precision medical and chronic care management solutions, purchased Alere Analytics, which developed its own real-time Clinical Decision Support and Chronic Care management technologies. More acquisitions may be forthcoming, but for now, the Alere […]

FastMed Urgent Care Goes to ABRY Partners

Yet another major transaction for an urgent care provider was announced last week, as Comvest Partners sold its interest in FastMed Urgent Care to ABRY Partners, for an undisclosed price. FastMed is the second largest independent urgent care organization in the United States, with 52 clinics in North Carolina and 35 in Arizona. In April, […]

MEDNAX Moves into New Territory

Last week MEDNAX, Inc. (NYSE: MD), which now brands itself as a national medical company, has kept a steady focus on its Pediatrix Medical Group and American Anesthesiology divisions for years. But last week marked its foray into radiology and telemedicine, with the $500 million acquisition of Virtual Radiologic Corporation (vRad). The deal adds a […]

Behavioral Health Deals in 2015

The behavioral health sector got a slight bump in April, when the CMS proposed that inpatient psychiatric facilities receive a 1.6% rate increase from Medicare in fiscal 2016. Quality metrics are also part of the proposal, and will affect psychiatric facility payments beginning in fiscal 2018. M&A activity in this sector is always very light, […]

Baxalta’s Predecessor Readies for the Spin Off

Baxter BioScience recently agreed to pay $900 million for the Oncaspar® product portfolio owned the Italian biopharma company, Sigma Tau Financiaria SpA. Oncaspar is a biologic used as part of a multi-agent chemotherapy regimen to treat lymphoblastic leukemia, and is marketed in the United States, Germany, Poland and certain other countries. In addition to the […]

American Addiction Centers Keeps Growing

Acadia Healthcare Company (NASDAQ: ACHC), a serial acquirer in the behavioral health care space, is getting some competition. American Addiction Centers, a subsidiary of AAC Holdings, Inc. (NYSE: AAC) announced its sixth acquisition in 2015, following its IPO in October 2014. The most recent acquisition was for The Oxford Centre, Inc., a 76-bed residential facility […]