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Healthcare Services Bankruptcies Spiked in 2020
Even before the Covid-19 pandemic arrived in the United States early in 2020, observers expected the flow of healthcare services bankruptcies filings by small rural hospitals and other service organizations stressed by regulatory and reimbursement challenges to continue at a steady trickle. Once the economic and social shutdowns began in mid-March, hospitals were forced to suspend elective procedures, emergency room visits plummeted, physician practices largely closed temporarily and home health agencies experienced a wave of visit cancellations. The cost of personal protective equipment, a requirement for healthcare workers, soared to astronomical highs. Of course, merger and acquisition... Read More »
Health Care M&A Deals, January 29, 2021
The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our HealthCareMandA.com Deal Database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. The largest deal of the week by disclosed price is Cofinimmo’s acquisition of a portfolio of six care homes and one post-acute/rehab center in Ireland with 491 beds for $112.9 million. Six of the seven sites are located within the province of Leinster, including five within the Greater Dublin region. The final site of Castlemanor is in the province of... Read More »
Health Care M&A Deals, January 22, 2021
The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our HealthCareMandA.com Deal Database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. The largest deal of last week was Boston Scientific Corporation’s acquisition of Preventice Solutions, Inc. for $925 million. Preventice Solutions offers a full portfolio of mobile cardiac health solutions and services, ranging from ambulatory cardiac monitors to cardiac event monitors and mobile cardiac telemetry. The company recorded net sales of $158 million in 2020, a... Read More »
Healthcare M&A Activity Enters the Stratosphere
After an avalanche of deals in the fourth quarter of 2020, healthcare M&A activity and announcements just keep piling on in the opening weeks of 2021. As of the afternoon of January 15, there are 139 deals recorded in our Healthcare Deals Database, with many more to add as they hit the newsfeeds. Demand for physician groups has swelled, after a rough 2020 for the sector, hitting 30 deals. That’s followed by 20 deals in the eHealth sector, 19 in Other Services and 15 in the Long-Term Care sector as the sectors with the highest amount of activity. To put the numbers in perspective, there were 60 physician group deals in the fourth quarter (the highest of 2020), so if the pace... Read More »
