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Digital Health Sector M&A Activity Stays Strong in June
June was a busy month for the digital health sector. Our totals so far are 16 deals, but that number may increase as we find some deals disclosed in quarterly reports. It doesn’t quite reach the count from June 2018 (25 deals), but 2018 was so robust in deal volume it’s a hard comparison to make. In 2017, for instance, there were only 13 deals reported. Dollar volume, on the other hand, is difficult to compare, mainly because of the headline-worthy transaction below. Dassault Systèmes (Paris: DSY) acquired Medidata Solutions, Inc. (NASDAQ: MDSO) for $5.8 billion, the second largest digital health transaction in our database. This acquisition increases Dassault’s services for... Read More »
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 through the app and have them delivered for free. Think Amazon’s (NASDAQ: AMZN) PillPack, which performs a similar service in the United States. Echo is also one of three National Health Service (NHS)-approved repeat prescription apps. It was also part of the 2018 NHS Innovation Accelerator... Read More »Dassault Makes Near-Record Deal for Medidata Solutions
European software company Dassault Systèmes (Paris: DSY) made a big splash in the healthcare sector in June. The company acquired Medidata Solutions, Inc. (NASDAQ: MDSO) for $5.8 billion, the second largest digital health transaction in our database. Medidata Solutions has a software-as-a-service (SaaS) platform to assist life science companies performing clinical trials with managing vast amounts of data. Medidata’s cloud-based solutions are used by 1,300 customers globally, including pharmaceutical companies and biotechs, contract research organizations, and medical centers and sites. It was an all-cash transaction, in which Dassault paid $92.25 per share of Medidata. This... Read More »
Best Buy Dives Deeper into Seniors Healthcare Services
Best Buy Co. (NYSE: BBY) has doubled down on its commitment to the senior home-care market. In August 2018, the consumer electronics retail giant announced its acquisition of GreatCall, Inc. for $800 million. GreatCall’s product offering includes senior-friendly hardware combined with one-touch connectivity to trained agents who can answer questions, dispatch emergency personnel, connect to family caregivers and provide additional concierge services. Best Buy is already familiar with consumer-help services, beginning with its technology-focused Geek Squad and In-Home Advisors, and its national distribution system helped to scale GreatCall’s consumer monitoring devices and... Read More »
Private Equity Stays Active in Health Care
Nearly halfway into 2019, and PE firms are showing no signs of slowing as they swarm the healthcare industry. So far this year, there have been 71 deals with a private equity firm as the buyer, or roughly 11% of the total deals announced. That’s roughly the same amount as in the same period in 2018. In late May, Golden Gate Capital announced it purchased Ensemble Health Partners for a reported $1.2 billion from Bon Secours Mercy Health. The target company provides outsourced revenue cycle management (RCM) and operation solutions to hospitals across the country. It has more than 3,600 employees and partners with more than 60 hospitals in 30 states. Bon Secours bought the company in... Read More »Schedule a demo
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