Articles written by Lisa Phillips:

Array BioPharma
Array BioPharma

Agilent Acquires BioTek Instruments

Agilent Technologies (NYSE: A) announced its largest deal ever in July 2019. The Santa Clara, California-based biotech purchased privately held BioTek Instruments for nearly $1.2 billion. Agilent provides bio-analytical solutions and services to the life sciences, diagnostics, and genomics, chemical analysis, communications and electronics industries worldwide. On a trailing 12-month basis it generated revenue of […]

U.S. Hospital REIT Deals Roar Back in 2019

REIT deals are back in the Hospital sector, after a two-year lull. Through mid-July, six transactions targeting U.S. hospitals were announced by real estate investment trusts (REITs), a total that equals the annual REIT deal volume of 2013, 2015 and 2016. Three of this year’s U.S. deals were announced in July 2019. Medical Properties Trust […]

PE-Backed Tricity Pain Adds Two Acquisitions in Texas

Tricity Pain Associates is on the move in Texas. It’s announced two acquisitions in the first half of July, and management is looking for more. Tricity offers pain management services for spinal stenosis, herniated disc, neck pain and lower back pain. It was acquired by Spindletop Capital Management in May 2018, along with another pain management practice, […]

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 […]