Managed Care M&A in 2016
The Managed Care sector woke up in 2015 with a spate of mega deals announced in July, following the positive SCOTUS decision in King v. Burwell in late June. While Anthem (NYSE: ANTM) and Aetna (NYSE: AET) got the most press for their multi-billion bids for Cigna (NYSE: CI) and Humana (NYSE: HUM), respectively, others were making serial acquisitions. Molina Healthcare (NYSE: MOH) led the sector with eight deals in 2015. All its targets were Medicaid business carve-outs from larger entities, stretching from Washington state to Illinois, Michigan and Florida. Centene Corp. (NYSE: CNC), which also focuses on under-served and uninsured populations, made news with its $6.8 billion acquisition... Read More »Charles River Buys WIL Research
Charles River Laboratories International, Inc. (NYSE CRL) started the year off with the acquisition of WIL Research, which provides safety assessment, contract development and manufacturing (CDMO) services to biopharmaceutical, agricultural and industrial chemical companies worldwide. The purchase price was approximately $585 million in cash. WIL Research will join Celsis International Ltd., acquired in July 2015 for $212 million, in Charles River’s growing global business. Celsis provides rapid bacterial detection systems for quality control testing in the biopharmaceutical and consumer products industries. This acquisition will grow its global presence, especially in Europe. It will also... Read More »Almost Family Adds to its In-Home Assessment Segment
Home health care is still a hot sector going into 2016, as more health care providers and investors stay on the hunt for quality targets that provide low-cost care to post-acute patients. Almost Family, Inc. (NASDAQ: AFAM) kicked off the year with its acquisition of Long Term Solutions, Inc., which provides in-home nursing assessments for the long-term care insurance industry. The $37 million price includes $20 million in cash, a $6 million note payable, plus $11 million of AFAM common stock. LTS will join Ingenios Health Co., acquired in July 2015 for approximately $13.3 million, in AFAM’s rapidly developing Health Care Innovations Segment. Ingenios Health’s technology enables... Read More »Q4:15 Health Care Deals Meet Last Year’s Record
Health care deal volume in last year’s fourth quarter set a record, with 356 transactions. In 2015, fourth quarter deal volume now equals that total, and will probably inch higher in the coming weeks as more deals come in and are added to the database. The upshot: We expect Q4:15 to set a new record, at least for fourth-quarter deal activity. (Last year’s momentum carried over to the first quarter of 2015, when 366 deals were announced, so Q4:15 isn’t an all-out record quarter.) Spending in the fourth quarter did set a new record, for any previous quarter. Committed spending now stands at $201.9 billion for the last three months of 2015, up 1% compared with the third... Read More »Schedule a demo
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