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Sartorius AG Scores Two More Deals
Sartorius AG (FWB: SRT), a German pharmaceutical and laboratory equipment provider, has expanded with the acquisition of a medical device company and a digital health company for a combined total of $392.5 million. Sartorius operates through two divisions: bioprocess solutions and lab products & services. On March 3, 2017, Sartorius acquired privately-held Essen BioScience Inc. from SFW Capital Partners for $320 million. Essen develops and manufactures instruments, software, reagents and consumables which enable researchers to remotely image and quantify a wide variety of cellular processes over time. Through this acquisition, Sartorius significantly expands its portfolio for... Read More »Bracket Changes Hands Again
It may not be news to digital health sector watchers that Bracket, a privately held clinical trial technology provider, was sold again. On March 28, 2017, San Francisco private equity firm Genstar Capital purchased the company for an undisclosed price. Bracket, a Pennsylvania-based clinical trial technology, has changed hands several times over the years. Bracket serves biotechnology and pharmaceutical companies, as well as clinial research organizations. It leverages Bracket eCOA™, a platform for electronic clinical outcomes assessments that collects information from patients (ePRO), clinicians (eClinRO) and other observers (eObsRO). The company started off as a division of United... Read More »
Thermo Fisher Invests in Core Informatics
Even medical device companies now rely on digital health to maintain their competitive edge. On March 6, 2017, Thermo Fisher Scientific Inc. (NYSE: TMO), maker of analytical instruments, equipment, reagents and consumables, software and services for research, moved into the eHealth space with its purchase of privately held Core Informatics. Financial terms were not disclosed. Thomas Loewald, senior vice president and chief commercial officer, Thermo Fisher Scientific, stated in a press release, “The scientific community is rapidly adopting cloud-based laboratory and scientific data management capabilities. Integrating the leading technologies of Core Informatics is part of our strategy to... Read More »
Telehealth Deals Dial Up in Early 2017
Three telehealth deals have been announced in the first six weeks of 2017, an indication that this sub-sector of digital health is on track to set a(nother) M&A record. In 2016, eight of these deals were announced, an increase of 100% compared with 2014 and 60% versus 2015. Telehealth is loosely defined as the use of technology to support long-distance clinical healthcare. Some examples include live video between a patient and healthcare provider, transmission of medical images to a specialist, and remote monitoring which allows patients and providers to track vitals and manage chronic conditions. On February 2nd, 2017, Specialists On Call, Inc., a portfolio company of Warburg Pincus... Read More »Digital Health Off to a Strong Start in 2017
The eHealth sector has started off the New Year at an even faster pace than last year. In January 2017, 21 eHealth deals have been announced, a 91% increase from January 2016’s eHealth deals. The sector ended 2016 with 155 transactions Of course, there was the previously mentioned takeover of CoverMyMeds LLC by McKesson Corporation (NYSE: MCK), there have been a few other notable mentions. On January 4, 2017, Castlight Health Inc. (NYSE: CSLT) spent $135 million of its shares to acquire Jiff Inc. The company provides a HIPAA-compliant social network and digital health platform, which serves as a central hub for well-being and other benefit programs, with a single point of access for... Read More »Schedule a demo
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