Recent Health Care Deals, week ending 02.03.2017
AcquirerTargetPrice Piramal Critical Care Inc. Mallinckrodt's intrathecal therapy business$203 million Incyte CorporationLicense to CB-1158$45 million CareTrust REIT, Inc.2 memory care companies$26.1 million Diplomat Pharmacy, Inc. Affinity Biotech Inc. $16 million Regional hospital systemsWingate at Melrose$3.6... Read More »
Varian Spins Off Varex Imaging Systems
A medical imaging company is born. Or, rather, another medical imaging company goes public. Varian Medical Systems Inc. (NYSE: VAR) paid $276 million for the medical imaging business of PerkinElmer (NYSE: PKI) back in December 2016. That business, based in Santa Clara, California, supplies flat panel x-ray detectors that serve as components for industrial, medical and dental x-ray imaging systems. That deal was part of Varian’s plan to spin off its Imaging Components business. That feat was accomplished in January 2017, with the launch of Varex Imaging Corporation (NASDAQ: VREX), with a market cap of $1.09 billion. Under the terms of the separation, Varian stockholders received 0.4... Read More »
MEDNAX Moves into Radiology
It’s been a while since MEDNAX (NYSE: MD) surprised the healthcare industry with its $500 million acquisition of Virtual Radiologic Corporation (NASDAQ: VRAD). Since May 2015, in fact. Consider the wait over. The MEDNAX M&A juggernaut is rolling into the radiology arena. The acquisition of vRad added approximately 350 radiologists to MEDNAX’ payroll back then, at an average of $1.4 million per radiologist. It also added a telemedicine component, which was previously missing from MEDNAX’ dealings with hospitals on behalf of its anesthesiology and neonatology divisions. Essentially, vRad physicians read and interpret more than 5 million diagnostic imaging studies... Read More »Schedule a demo
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