Kroger Gobbles Up ModernHEALTH
Specialty pharmacy deals are usually few and far between. But this year, we’ve seen six deals announced in the first seven months. The most recent is from Kroger Co. (NYSE: KR), the giant food and consumer goods retailer. Kroger acquired Modern HC Holdings, the parent company of ModernHEALTH, and plans to merge it with its own specialty pharmacy subsidiary, Axium Pharmacy Holdings. Financial terms were not disclosed. Specialty pharmacy ModernHEALTH has been a portfolio company of Altamont Capital Partners since July 2012, and has grown considerably with Altamont’s help. As Modern Healthcare, the company served customers with complex pharmaceutical therapies, including HIV,... Read More »Managed Care Mega-Deals Not Too Big to Fail
2015 is about to lose even more of its M&A luster, it seems. Some $91 billion is about to disappear from the record-setting spending on healthcare M&A, thanks to the potential unraveling of two managed care mega-mergers. Bloomberg is reporting that the U.S. Department of Justice plans to file lawsuits seeking to halt the mergers of Aetna (NYSE: AET) and Humana (NYSE: HUM) for $37 billion, and Anthem (NYSE: ANTM) with Cigna (NYSE: CI), for $54.2 billion. For healthcare M&A wonks, 2015 set new records in deal volume, with more than 1,500 deals, and deal value, at $397 billion. The dollar total would have been even higher, at $564 billion, if Pfizer (NYSE: PFE) hadn’t walked... Read More »Ambulance Companies Speed Up Consolidation
2015 was a big year for medical transportation companies to combine, as six transactions were throughout the year. Halfway through 2016, three more deals have been announced. The most recent involves two Texas companies. Allegiance Mobile Health in Georgetown, Texas serves a population of more than 15 million around the state. In July it acquired San Antonio-based Gemini Ambulance Service, which provides local medical transportation services. In June, Air Medical Group Holdings, a portfolio company of KKR & Co., paid an undisclosed amount for California Shock Trauma Air Rescue (CALSTAR), which operated as a not-for-profit organization at the time. CALSTAR served the entire state of... Read More »June 2016 M&A Results Show Strength
Uncertainty is the hobgoblin of the merger and acquisition markets, and the month of June was a high point (or low point, depending on your perspective) for anxiety in global financial markets. Still, the healthcare deals kept rolling in. Our preliminary total for June 2016 stands at 115 transactions, exactly equal with the same month a year ago. Compared with May’s total of 141 deals, though, June’s total does look as if someone is applying the brakes. It takes 12 months to make a year, though, and one month’s results do not create a trend. The digital health sector turned in the strongest gain compared with June 2015, when only two deals were announced. This June, 22 deals were announced... Read More »Schedule a demo
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