Diagnostics, COVID-19 and Beyond

Diagnostics, COVID-19 and Beyond

Testing has become one of the most defining words of 2020, especially as it relates to the COVID-19 pandemic. We see it in headlines daily and President Trump lists the testing capacity of the United States as one of his crowning achievements.  But politics and media coverage aside, health experts often cite testing as one of the key components to containing the spread of the virus, underscoring the importance of those services.   The demand for COVID-19 testing and diagnostics can be seen in recent quarterly earnings reports. LabCorp’s (NYSE: LH) revenue jumped by 33% in Q3:20 to $3.9 billion, compared with Q3:19. Roughly 31.5% of the increase was thanks to organic growth, bolstered by... Read More »
Health Care M&A Deals, October 30, 2020

Health Care M&A Deals, October 30, 2020

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 is Bayer AG’s acquisition of Asklepios BioPharmaceutical, Inc. for $2 billion upfront and a potential $2 billion in milestones. Asklepios BioPharmaceutical specializes in the research, development and manufacturing of gene therapies across different therapeutic areas, including investigational pre-clinical and clinical-stage candidates for the... Read More »
Senior Care M&A Market in a “Post-Covid” World

Senior Care M&A Market in a “Post-Covid” World

Editor’s Note: This article focused on the senior care M&A market was featured in our sibling publication, The SeniorCare Investor It is safe to say the senior care M&A market in 2020 is quite different from that of 2019, in terms of the number of acquisitions closed, the values for senior care properties and perhaps most importantly, the types of properties actually put up for sale. Value-add and distressed communities have so far dominated the market since the onset of COVID-19, as owners of newer, stabilized communities are largely sitting on the sidelines to wait for a seller’s market again. Who knows when that will happen?  Assisted living communities have been hit... Read More »
Health Care M&A Deals, October 30, 2020

Health Care M&A Deals, October 23, 2020

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 is H.I.G. Capital’s acquisition of St. Croix Hospice for $580 million from The Vistria Group.  St. Croix Hospice is a leading provider of hospice care across the Midwestern United States, serving an area that covers six contiguous states. It recently purchased Serenity Care Hospice in Missouri and Hometown Hospice & Homecare in Wisconsin.... Read More »
Health Care M&A Deals, October 30, 2020

Health Care M&A Deals, October 16, 2020

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 is WellSky’s acquisition of CarePort Health for $1.35 billion. CarePort Health is an end-to-end post-acute care coordination platform that bridges acute and post-acute EHR data. Allscripts is selling CarePort in this deal. With this transaction, WellSky is positioned to manage the acute care discharge process, track patients across post-acute... Read More »
Health Care M&A Deals, October 30, 2020

Health Care M&A Deals, October 9, 2020

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 is Bristol Myers Squibb’s $13.1 billion takeover of MyoKardia, Inc., a clinical-stage biopharmaceutical company discovering and developing targeted therapies for the treatment of serious cardiovascular diseases. Bristol Myers Squibb will gain mavacamten, a potential first-in-class cardiovascular medicine for the treatment of obstructive... Read More »