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Deal Count Dropped in ‘Other Services,’ but Spending Shot Up

Deal Count Dropped in ‘Other Services,’ but Spending Shot Up

by | Apr 22, 2019 3:03 pm | Other Services

As we researched data across 13 sectors for our upcoming publication, The Healthcare M&A Report, First Quarter 2019, an interesting trend in the “Other Services” sector popped up. This sector includes areas ancillary healthcare services such as ambulatory surgery centers, urgent care clinics, contract research organizations (CROs), healthcare staffing companies, specialty pharmacies, among others. Since it aggregates so many healthcare services, the deal count can be high. There were 182 deals in 2018, only surpassed by numbers in the tech sectors and Long-Term Care. Last year’s totals were driven heavily by contract research organizations (CROs) and outpatient care... Read More »
Will Catalent’s Deal Launch the Next Wave of CRO M&A?

Will Catalent’s Deal Launch the Next Wave of CRO M&A?

by | Apr 17, 2019 4:18 pm | CRO

Contract research organizations (CROs), like contract development and manufacturing organizations (CDMOs), have been popular targets for private equity firms and strategic buyers for years. The deals seem to come in waves, and the healthcare M&A market may be in for a tsunami this year. In 2013, some 20 transactions for CRO/CDMO targets were announced, with some hefty price tags attached. Royal DSM paid $1.95 billion to buy Patheon. Other big deals that didn’t disclose prices came from KKR & Co. (NYSE: KKR), which acquired both PRA International and ReSearch Pharmaceutical Services that year. CRO deal volume rose a little in 2014 (27 deals), then ebbed in 2015 (11 deals). The... Read More »
Deal Count Dropped in ‘Other Services,’ but Spending Shot Up

Other Services Diversify, but CRO and Outpatient Care still lead

by | Mar 4, 2019 11:52 am | Other Services

In 2017, our annual Health Care Services Acquisition Report, the Other Services sector featured six particularly active subsectors. Last year we had 13. Other Services includes areas such as specialty pharmacy, urgent care and ambulatory surgery centers and medical staffing companies. All are experiencing significant changes. In 2017 we reported 153 deals in Other Services, compared with 179 in 2018. A new notable field includes deals involving medical transportation services. There were a total of 10 deals in this category. Perhaps the most significant transaction was Beekman Investment Partners III, LP’s purchase of REVA, Inc., the largest global fixed-wing air medical platform in... Read More »
Will Catalent’s Deal Launch the Next Wave of CRO M&A?

Charles River Laboratories Purchases France-based Citoxlab

by | Feb 22, 2019 4:36 pm | CRO

Charles River Laboratories International (NYSE: CRL), a global early-stage contract research organization (CRO), announced it has purchased the French non-clinical lab Citoxlab. Based in Evreux Cedex, France, the target specializes in regulated safety assessment services, non-regulated discovery services, and medical device testing. The deal cost Charles River $510 million, roughly 13.8x EBITDA for Citoxlab. The acquisition strengthens Charles River’s services in general and in specialty toxicology, preclinical medical device testing, non-regulated discovery solutions, and genomics research. The deal is expected to add $115-$130 million to Charles River’s 2019 revenue. On a trailing... Read More »
One Less Healthcare REIT to Track

One Less Healthcare REIT to Track

by | Jan 18, 2019 12:35 pm | Other Services

MedEquities Realty Trust (NYSE: MRT) will be acquired by Omega Healthcare Investors (NYSE: OHI) for nearly $900 million. The deal was announced on January 2, 2019 and is expected to close in the first half of the year. The target is a self-managed and self-administered real estate investment trust (REIT) that invests in healthcare properties within the acute, post-acute, skilled nursing and behavioral health sectors. It owns 34 facilities in seven states with 2,755 beds run by 10 different operators. About 75% of the beds are skilled nursing with some assisted living, and the remainder include LTACs, IRFs, behavioral health facilities and a medical office building. Omega Healthcare... Read More »
Deal Count Dropped in ‘Other Services,’ but Spending Shot Up

2018’s Biggest Healthcare Deals by Sector

by | Jan 4, 2019 12:25 pm | Behavioral Health Care, Biotechnology, eHealth, Home Health & Hospice, Hospitals, Laboratories, MRI & Dialysis, Long-Term Care, Managed Care, Medical Devices, Other Services, Pharmaceuticals, Physician Medical Groups, Rehabilitation

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 »