• Health Care M&A Deals, September 18, 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 Deal Search Online 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... Read More »
  • MetLife Acquires Versant Health

    MetLife, Inc. (NYSE: MET) has entered the healthcare M&A market. Last week, the company announced the acquisition of Versant Health, the parent company of Davis Vision and Superior Vision, two major vision care and insurance brands with a combined 35 million members. Centerbridge Partners and an investor group including FFL Partners are... Read More »
  • CloudMD Expands Patient Engagement Portfolio

    CloudMD Software & Services Inc. (OTCMKTS: DOCRF) just keeps rolling out new deals and acquisitions. The company has been very active this year, with six acquisitions on the books so far across various sectors, according to search results in our Deal Search Online database. Last week, CloudMD acquired Toronto-based iMD Health Global Corp. for... Read More »
  • Trulieve Cannabis Boosts Its Market Reach

    Trulieve Cannabis Corp. (OTC: TCNNF), a vertically integrated “seed-to-sale” company and the first licensed medical cannabis company in the state of Florida, announced two new transactions last week. M&A activity in the medical marijuana market has been quiet throughout 2020 and 2019, after experiencing somewhat of a boom in 2018,... Read More »
  • A Busy Week for Home Health & Hospice Deals

    It was a busy week for home health & hospice (HH&H) transactions. Results from our Deal Search Online database show there were four announced last week alone, half of September’s total so far. Half of the deals were completed by private equity-backed companies, which highlights the continued interest in HH&H from PE firms. Jet... Read More »
Hospital M&A in the Age of Coronavirus

Hospital M&A in the Age of Coronavirus

Hospitals have always been a prime target in the healthcare services market. Suddenly the novel coronavirus pandemic has thrust them squarely into the national conversation. While the attention is warranted, it hasn’t been completely positive regarding a shortage of intensive care beds and personal protective equipment for healthcare workers. We hosted a webinar on the effect the coronavirus will have on hospital M&A market later this year. Chris Schoeplein, Vice President at Ponder & Company, was a panelist who gave us his thoughts. HealthCareMandA.com: Looking back to what feels like another era, pre-coronavirus, how would you characterize the hospital M&A market in 2019?... Read More »
Prisma Health Picks Up Three LifePoint Hospitals

Prisma Health Picks Up Three LifePoint Hospitals

Not-for-profit Prisma Health, based in Greenville, South Carolina, has stayed out of the news since it was formed by the merger of Greenville Health System and Palmetto Health. That changed in March, with the announcement that it was adding three hospitals operated by LifePoint Health. Financial terms of the asset purchase agreement weren’t disclosed. Prisma Health operates 18 hospitals around the state, with 2,984 beds and more than 300 physician practice sites. The merger between Greenville Health and Palmetto Health was first announced in 2017, as several mid-sized health systems began to form larger regional systems. The merger became official in January 2019. LifePoint Health,... Read More »
Prisma Health Picks Up Three LifePoint Hospitals

Hospital M&A in 2019, by the Numbers

The hospital M&A market experienced some significant changes last year. In the United States, the rush to regionalize tapered off in 2019, after four years of multi-hospital transactions. The market for long-term acute care hospitals (LTACHs) was hopping, unfortunately driven by a couple of large bankruptcy proceedings. Deals either targeting or involving critical access hospitals (CAHs) ticked up slightly. And the divestiture programs of some for-profit chains began to wind down. In all, 74 U.S. hospital deals reached the definitive agreement or finalized stage in 2019, excluding foreign deals and those made by real estate investment trusts (REITs). The total is 12% more than the 66... Read More »
Prisma Health Picks Up Three LifePoint Hospitals

The State of the 2020 Hospital Market

The hospital market was more active in 2019 than it has been since 2015, with 99 deals reaching the definitive agreement stage or closed. In 2015, 100 deals were announced. In the years in between, deal volume dropped from 89 in 2016 to 81 in 2018. Many not-for-profit systems find themselves on firmer financial ground and are negotiating deals from positions of strength, not fear. But the healthcare landscape continues to shift, and the role of the hospital is changing with it. In 2020, many hospitals are still the life-blood of their communities, often as the largest employer. But their role as the central hub of all healthcare delivery in the community is lessening, and fast. “Ten to 15... Read More »
Western Maryland Health Joins UPMC

Western Maryland Health Joins UPMC

Western Maryland Health System (WMHS) has officially joined Pittsburgh-based UPMC. Western Maryland operates the Western Maryland Regional Medical Center (200 licensed beds) and serves the residents of Cumberland, Maryland and surrounding counties in Maryland, Pennsylvania and West Virginia. The deal culminates a relationship between the organizations that began in 2018 with a clinical affiliation. In March 2019, both boards signed a non-binding letter of intent to negotiate an affiliation agreement. The merger was finalized on February 1 and the system was renamed UPMC Western Maryland. The board of UPMC Western Maryland consists of 12 directors, with 8 appointed by the current WMHS board... Read More »
Hot Healthcare Sectors for Investment, Growth & Consolidation in 2020

Hot Healthcare Sectors for Investment, Growth & Consolidation in 2020

Every year, starting in November, the crystal balls come out and the prognostications begin. What will the new year bring? Who or what will make out better and who or what will not? We talked with Gary Herschman, a member of Epstein Becker Green’s Healthcare and Life Sciences practice, about the healthcare sectors he and his firm are watching in 2020. Here are their predictions for 2020. Health Care M&A: What do you see as the biggest themes in the healthcare industry this year? There are a lot of moving parts, from the discovery of new drugs to the shifting attention to post-acute care. Gary Herschman: We see three key “drivers” of health industry transformation that are already... Read More »