Q3:15 Health Care Deal Volume

We’re just about to publish our third quarter results this week, but wanted to give you a sneak preview of how the third quarter stacks up against Q2:15 and the same quarter a year ago. Here’s the chart. SectorQ3:15 DealsQ2:15 DealsChangeQ3:14 DealsChange Services Behavioral Health Care10667%4150% Home Health & Hospice9650%15-40% Hospitals332438%1974% Labs, MRI & Dialysis16157%8100% Long-Term Care906538%856% Managed Care12850%5140% Physician Medical Groups1522-32%147% Rehabilitation7617%540% Other Services464015%3628% Services subtotal23819224%19125% Technology Biotechnology413421%27%52% eHealth3334-3%34-3% Medical Devices31297%2619% Pharmaceuticals423811%67-37%... Read More »

GE Healthcare Sells Clarient Lab Business

GE Healthcare (NYSE: GE)  sold Clarient, Inc. and its wholly owned subsidiary Clarient Diagnostic Services, Inc., which provides comprehensive cancer diagnostic testing to hospitals, physicians and the pharmaceutical industry. The acquirer was NeoGenomics, Inc. (NASDAQ: NEO), which,  together with its subsidiary, NeoGenomics Laboratories, Inc., operates a network of cancer-focused testing labs providing genetic and molecular services. The price, totaling $275,200,000, consists of $80 in cash, $110 million in preferred stock at $7.50 per share, and 15 million shares of NeoGenomics common stock ($85.2 million, based on the prior-day closing price of $5.68 per share). In effect, GE Healthcare... Read More »

PharMerica Expands Its Footprint

The institutional pharmacy services company PharMerica Corporation (NYSE: PMC) moved into western New York with its acquisition of McGuire Group Pharmacy, a subsidiary of McGuire Group in Cheektowaga, New York (a suburb of Buffalo). McGuire Group operates skilled nursing facilities in western New York, Long Island and Michigan, and is selling its pharmacy division, which provides comprehensive pharmacy services to long-term care facilities and other customers in the Buffalo-Niagara Falls metropolitan area. Read More »

Netsmart Picks Behavioral Health EHR

Netsmart Technologies, which provides post-acute electronic health records and technology for health and human services providers, acquired Little Rock, Arkansas-based Lavender & Wyatt Systems, which provides electronic health records and related services for behavioral health providers. LSWI clients will now have access to Netsmart’s CareRecord EHR optons and arange of other solutions and services that help to deliver quality care and maximize operational efficiencies. Its own Essentia general ledger modules will be added to the Netsmart CareGuidance suite and made available to all Netsmart clients. Read More »