2018’s Biggest Healthcare Deals by Sector
2018 isn’t quite in the rearview mirror yet. We’re still scouring the news feeds for straggling deal announcements, and that never stops, honestly. With approximately 1,850 deals reported so far for 2018, healthcare deal volume is 14% more than 2017. Before we nail the numbers down, it’s easy to spot the biggest deals (by disclosed price) in each of the 13 healthcare sectors we follow. Most should be familiar names, but you can’t follow every sector. That’s why we’re here. Enjoy. Read More »
Australian Pharmaceutical Industries closes 2018 with pharmacy deal
Australian Pharmaceutical Industries (ASX: API) closed out 2018 by announcing it acquired Sigma Healthcare Ltd (ASX: SIG), a wholesale and distribution service for pharmacies. With $2.96 million of reported revenue in FY2018, Sigma also owns several pharmacy retail brands in Australia such as Amcal Max, DDS, Amcal, and Guardian. The deal was valued at $524.9 million (AUD $727 million), which is a 46.5% premium to Sigma’s one-month volume weighted average share price of $0.34 at the close of trading on December 13. Australian Pharmaceutical Industries (API) offers wholesale product delivery, retail services, marketing programs, and business advisory services. Not only will API gain... Read More »
FastMed Plus NextCare Equals Urgent Care Giant
Consolidation continues in the urgent care services sector, as consumers and healthcare provider organizations look for lower-cost services outside hospital walls. One of the largest deals in this area in 2018 is FastMed Urgent Care’s acquisition of NextCare Holdings Inc., a portfolio company of Alcentra Capital Corp. since 2016. FastMed, the business name for Urgent Care Holdings of America, LLC, is backed by Abry Partners and BlueMountain Capital Management. The company owns and operates 110 clinics in Arizona, North Carolina and Texas. NextCare operates 141 facilities in Arizona, Colorado, Kansas, Missouri, New Mexico, North Carolina, Oklahoma, Texas, Virginia and Wyoming. The... Read More »
ScribeAmerica Inks Another Medical Scribe Deal
ScribeAmerica, a subsidiary of HealthChannels, announced its acquisition of PhysAssist Medical Scribes on November 1, bringing its total number of scribes close to 19,000. In 2008, PhysAssist had two corporate employees and 35 scribes. A year after TeamHealth Holdings acquired it in October 2014 with minority investors Vesey Street Capital Partners and Chicago Growth Partners, it had 2,500 professionals in 30 states. It now has approximately 3,500 scribes in 36 states. Moody’s Investors Service rated the $160 million debt-financed acquisition as credit negative, because it would increase the company’s financial leverage and elevate integration risk. The transaction, including... Read More »
PE Firms Target Healthcare Staffing Services
Who says good help is hard to find? Just about every healthcare provider in the United States, it seems. The growing shortage of doctors and nurses, together with the recent near-record low U.S. unemployment rates, has brought the healthcare staffing services segment into sharp focus for investors. Through mid-November, 18 deals targeting these companies have been announced in 2018, compared with 16 in 2017 and 10 in all of 2016. Five of this year’s deals had private equity firms as acquirers, and five others were made by PE-sponsored firms. The most recent transaction was announced by HNI Healthcare, a portfolio company of Sante Ventures based in Austin, Texas. HNI recruits,... Read More »Schedule a demo
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