Advanced Wound Care Firm Acelity Grabbed for $6.7 Billion

3m Company (NYSE: MMM), the global conglomerate, announced in early May it purchased Acelity Inc. for $6.7 billion, or roughly 11.4x EBITDA.  The target is a medical device consortium comprised of Apax Partners, affiliates of Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, is selling Acelity. Acelity develops advanced wound care products and […]

 

Health Carousel Taps into AI

Health Carousel, a healthcare staffing firm with over 1,000 workers under contract, has acquired the digital health platform Lucidity. The target’s technology platform connects physicians seeking part-time or temporary work directly with medical practices looking to fill open shifts, while also using artificial intelligence (AI) technology to help providers and medical practices make better staffing decisions. Lucidity […]

 

Health Care M&A Deals, Week Ending May 17, 2019

The Health Care M&A Weekly chart is a selection of transactions announced during the prior week(s). The deals presented here are from our Deal Search Online database, which is updated every business day. Visit www.dealsearchonline.com to see how Deal Search Online can help you stay up-to-date on the healthcare market overall, or in a particular sector of interest to […]

 

Autism Therapy Provider Hopebridge Changes Hands Again

Autism treatment companies are still hot targets in 2019. Eight transactions have been announced so far this year, compared with 20 in all of 2018. (That was an outsized year for every healthcare sector. There were nine deals for autism targets in 2017.) Private equity firms are trading platforms in this sub-sector. Just this year, […]

 

Oak Hill Capital Exits AccentCare

May has been a busy month for deals in the Home Health & Hospice sector with eight transactions announced midway through the month. The latest is Oak Hill Capital Partners‘ sale of its post-acute care platform, AccentCare, Inc. to Advent International. Financial terms were not disclosed. Today, AccentCare is the sixth largest home health platform and […]

Health Care M&A Deals, Week Ending May 10, 2019

The Health Care M&A Weekly chart is a selection of transactions announced during the prior week(s). The deals presented here are from our Deal Search Online database, which is updated every business day. Visit www.dealsearchonline.com to see how Deal Search Online can help you stay up-to-date on the healthcare market overall, or in a particular sector of interest to […]

Xiidra, Dry Eye Treatment Drug, Acquired by Novartis

The global pharmaceutical giant Novartis (NYSE: NVS) bought the assets to Xiidra 5% solution from Takeda Pharmaceutical Company (NYSE: TAK). The announcement gives us the largest pharmaceutical deal of the year so far, with Novartis paying $3.4 billion upfront and $1.9 billion in potential milestones for the drug. In 2018, Xiidra generated revenue of $400 million. Xiidra is the first and only […]

Telehealth: Answering the Call

If you’ve attended any healthcare deal-making conference in the last few years, you’ve heard that telehealth is one of the hottest target sectors going, right up there with autism services and physician practices (dermatologists, ophthalmologists, dentists, you name it). It’s caught in something of a perfect storm at the moment, as more states and regions […]

BayMark Health Keeps Buying

BayMark Health Services, a portfolio company of Webster Equity Partners (formerly known as Webster Capital), is still on the acquisition trail, even as it is reportedly prepping for a sales process. In its first deal announced in 2019, BayMark targeted Recovery Services of New Mexico, based in Albuquerque. Recovery Services offers opioid treatment programs for patients […]