Articles written by Lisa Phillips:

Emergency room Hospital M&A
Emergency room Hospital M&A

U.S. Hospital M&A Trends, 1H 2019

It’s been a slow year for hospital mergers and acquisitions in the United States. In the first half of 2019, just 29 transactions have reached the definitive agreement stage, or actually closed. In the first half of 2018, 38 transactions made that cut. The targets are much smaller in 2019, too. A total of 4,991 […]

NorthShore University HealthSystem Strikes Back

Ever since its planned merger with Advocate Health Care was crushed by the Federal Trade Commission in 2017, NorthShore University HealthSystem has looked for opportunities to expand its reach in Chicagoland. Half-way through 2019, it finally happened. Swedish Convenant Health, which operates a 216-bed acute care community hospital on Chicago’s North Side, has agreed to […]

Big Pharma Deals Aren’t Back, Despite Allergan Deal

The last round of Big Pharma mergers and acquisitions peaked in 2014 and ran out of steam in 2016. In 2014, the sector set a record of 188 deals (+25% yoy) and another record for spending, at $213.3 billion (+221% yoy). 2014 was the year Dublin-based Actavis plc (then NYSE: ACT) acquired Allergan, Inc. (NYSE: AGN) for […]

urgent care center
urgent care center

Warburg Pincus Creates Mega-Care Model in NYC Metro Area

It takes a big platform to combine a prominent urgent care company with a major multi-specialty practice. Warburg Pincus is now providing that platform. On June 21, the private equity firm announced its urgent care company, New York City-based CityMD, will merge with Summit Medical Group, a physician-owned multispecialty medical practice anchored in Berkeley Heights, […]

DaVita and Optum Make It over the Finish Line

It’s been a long road for DaVita Inc. (NYSE: DVA) and Optum (NYSE: UNH), but the deal is finally done. On June 19, 2019, the Federal Trade Commission approved Optum’s acquisition of DaVita Medical Group, a $4.9 billion deal when it was announced on December 6, 2017. A year later, the final price was renegotiated […]

McKesson UK Picks Up Echo

Prescription compliance is the name of the game for pharmacies and pharmaceutical companies. Now McKesson Corp.‘s (NYSE: MCK) UK subsidiary, McKesson UK, has entered the arena with its recent acquisition of Echo, an online prescription fulfillment business based there. Echo’s medicines management app already has an installed customer base, who can order their repeat prescriptions […]

Anthem Adds Beacon Health Options to its Behavioral Offerings

Even without a price disclosed, this is one of the biggest deals we’ll probably see in the Behavioral Health Care sector this year. Bain Capital Private Equity and Diamond Castle Holdings are selling Beacon Health Options, the largest independently held behavioral health organization in the country. The buyer is managed care giant Anthem, Inc. (NYSE: ANTM). […]

Ventas Goes Big for Canadian Independent Living Portfolio

Mergers and acquisitions in the Long-Term Care sector have been humming this year, with more than 200 transactions on the books through mid-June. But the sale prices, when disclosed, haven’t been as impressive. Finally, the first billion-dollar-plus deal was announced on June 3. Ventas, Inc. (NYSE: VTR) paid $1.8 billion (C$2.4 billion) for an 85% stake […]