Health Care M&A Passes Half-a-Trillion $ Mark

by | Nov 23, 2015 4:06 pm | Pharmaceuticals

Thanks to today’s announcement that Pfizer Inc. (NYSE: PFE) and Allergan plc (NYSE: AGN) agreed to a $160 billion merger, 2015’s total for health care mergers and acquisitions now stands at $549.4 billion. That’s 42% higher than last year’s full total of $387 billion, an amount we thought would stand for at least a few years. Deal volume for the year is now about 1,285, just 2% below last year’s record of 1,312 transactions. And there’s still a month left to go in 2015. Stay tuned. Read More »

Medtronic Leads Medical Device M&A in 2015

by | Nov 23, 2015 8:30 am | Medical Devices

The Medical Device sector has experienced some ups and down, as M&A goes. Last year, the sector posted 111 transactions and $85.6 billion in spending, which was an 8% and 620% improvement, respectively, over 2013’s performance. This year doesn’t look like a knock-out year for spending, with a sector total of just $36.2 billion as of November 20. Deal volume could still reach last year’s levels, since it stands at 103 deals as of that date. Medtronic plc (NYSE: MDT) has been the busiest acquirer by far, with 10 deals announced. Seven of those disclosed prices, totaling $1.25 billion through November 20. Here’s our list of the top Medical Device deals to date.... Read More »

Apollo Global Buys 8-Hospital System

by | Nov 20, 2015 8:00 am | Hospitals, Private Equity

Warburg Pincus made a grand exit from RegionalCare Hospital Partners, its portfolio company since its founding in 2009. RegionalCare owns and operates eight non-urban hospitals, two in Alabama, and one each in Arizona, Connecticut, Iowa, Montana,Ohio and Texas. The buyer, Apollo Global Management LLC, paid an undisclosed amount for the 1,027-bed health system. The deal is expected to close by the end of 2015. Read More »

CONMED Boosts Outlook with SurgiQuest Deal

by | Nov 19, 2015 8:00 am | Medical Devices

CONMED Corporation (NASDAQ: CNMD), a medtech company known for its minimally invasive medical instruments and systems used in othorpedics and general surgery, announced its acquisition of privately held SurgiQuest, Inc., for $265 million on November 16. Just a few weeks earlier, CONMED CEO Curt Hartman acknowledged that CNMD third quarter earnings were weaker than expected in export markets and general surgery. That may be remedied with SurgiQuest’s AirSeal® System, the first integrated access management technology for use in laparoscopic and robotic procedures. Published clinical data demonstrates that AirSeal leads to shorter procedure times and reduced post-operative pain. CONMED... Read More »