Q3:15 Health Care Deal Volume
We’re just about to publish our third quarter results this week, but wanted to give you a sneak preview of how the third quarter stacks up against Q2:15 and the same quarter a year ago. Here’s the chart. SectorQ3:15 DealsQ2:15 DealsChangeQ3:14 DealsChange Services Behavioral Health Care10667%4150% Home Health & Hospice9650%15-40% Hospitals332438%1974% Labs, MRI & Dialysis16157%8100% Long-Term Care906538%856% Managed Care12850%5140% Physician Medical Groups1522-32%147% Rehabilitation7617%540% Other Services464015%3628% Services subtotal23819224%19125% Technology Biotechnology413421%27%52% eHealth3334-3%34-3% Medical Devices31297%2619% Pharmaceuticals423811%67-37%... Read More »Q3:15 Health Care M&A, by Spending
Last week we shared our data on health care M&A by sector in the third quarter of 2015. Here’s a look at the same sectors, by share of the dollars spent. If you’ve been following health care M&A at all, you won’t be surprised that the Managed Care sector (health insurers) accounts for about 50% of the $198 billion spent. That total, by the way, is also a new quarterly record. Look for The Health Care M&A Report, Third Quarter, for more in-depth analysis by sector. Read More »Managed Care Deals Keep on Coming
Even in a slow week for health care M&A, two transactions in the Managed Care sector surfaced. They weren’t the mega-mergers announced a few months ago, but they’re a sign this segment is still consolidating, even on the lower end of the scale. On October 8, Nassau Reinsurance Group, which was launched last April and backed by Golden Gate Capital, announced it would acquire the Traditional Insurance business of Universal American Corp. (NYSE: UAM). The assets consist of a closed block of insurance products, including Medicare supplement, other senior health insurance, specialty health insurance and life insurance products that include long-term care policies. Nassau agreed... Read More »Q3:15 Health Care M&A, By Sector
Health care M&A in the third quarter was quite robust, with 385 transations reported across 13 sectors. That’s a new record for any third quarter, by the way. We’ll have the full break-out in The Health Care M&A Report, Third Quarter 2015, due to be published by the end of this month. In the meantime, here’s how the sectors fared in Q3:15. Read More »Molina Buys Behavioral Health Companies
The Providence Service Corporation (NASDAQ: PRSC) last week sold two of its subsidiaries, Providence Human Services, LLC and Providence Community Services, LLC, to Molina Healthcare, Inc. (NYSE: MOH) for a combined $200 million. PHS is one of the largest national providers of outcome-based behavioral and mental health services and operates in 23 states and the District of Columbia. Annual revenue was approximately $346 million for 2014. Providence intends to use 50% of the net cash proceeds from the transaction to prepay certain loans under its existing credit facility. The remaining net proceeds may be used for acquisitions, investments in the long-term development of the company’s... Read More »Schedule a demo
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