Carenet Health Acquires Assets of Health Dialog from Rite Aid

Carenet Health Acquires Assets of Health Dialog from Rite Aid

Carenet Health announced that it is acquiring Health Dialog, a wholly owned subsidiary of Rite Aid Corporation. This acquisition enables Carenet to leverage its combined platform, analytics and clinicians to deliver greater efficiency and outcomes-based financial performance for clients.  Health Dialog is a leading provider of population health management solutions. The company works with the U.S.’s largest health plans, employers and providers to improve the health and wellness of their members, employees, patients and customers. Health Dialog’s capabilities include data analytics, a multi-channel coaching platform, shared decision-making tools and a 24/7 nurse... Read More »

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 the tires. Last week, CVS won the deal with $12.7 billion, including $2.3 billion in debt. Omnicare’s big draw is its specialty pharmaceutical business focused on assisted living and long-term care facilities. The deal follows UnitedHealth Group’s (NYSE: UNH) $12.8 billion acquisition of pharmacy benefits manager Catamaran Corp. (NASDAQ: CTRX) in March and Rite Aid... Read More »

Busy Year for Billion-Dollar Health Care Deals

Last week we noted that April was a slow month for healthcare deals. Then we checked our database, DealSearchOnline.com, and discovered there have been 19 billion-dollar deal announcements already in 2015, through May 8th, with a combined total of $103.6 billion. The total for the entire year is about to top $120 billion, on 487 transactions. That’s not on track to beat 2014, yet. Read More »

Catamaran Sails into OptumRx’s Harbor

As the free-standing pharmacy care business of UnitedHealth Group (NYSE: UNH), OptumRx has serious backing when the right target comes along. Last week, the right one came along in the form of Catamaran Corporation (NASDAQ: CTRX), the nation’s fourth-largest provider of pharmacy benefit management services and healthcare information technology solutions. The offer was $61.50 per share, or approximately $12.8 billion. The deal leaves No. 1 pharmacy benefits provider Express Scripts Holdings (NASDAQ: ESRX) as the last holdout in the field, and some analysts are cheering for a major pharmacy retail chain to make an offer. Don’t look at Rite Aid (NYSE: RAD), though. It just paid $2 billion for... Read More »

Year’s Biggest Billion-Dollar Deals Top $64 Billion

Already in 2015, we’ve recorded 11 billion-dollar-plus deals, for a total of $64.4 billion. Thanks to the $21 billion AbbVie (NYSE: ABBV) bid for Pharmacyclics (NASDAQ: PCYC), the biotechnology sector accounted for $27.5 billion of those big deals. Pharmaceuticals, with four billion-plus transactions, still ranks first, with combined spending of $30.45 billion.  Read More »