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American Addiction Centers Keeps Growing

by | May 18, 2015 5:51 pm | Other Services

Acadia Healthcare Company (NASDAQ: ACHC), a serial acquirer in the behavioral health care space, is getting some competition. American Addiction Centers, a subsidiary of AAC Holdings, Inc. (NYSE: AAC) announced its sixth acquisition in 2015, following its IPO in October 2014. The most recent acquisition was for The Oxford Centre, Inc., a 76-bed residential facility in Tupelo, Mississippi, for $35 million. According AAC, the center generated revenue of approximately $12.2 million and adjusted EBITDA of approximately $5.6 million for the year ended December 31, 2014. So far this year, Acadia Healthcare has announced just one acquisition, but then, it is still digesting some larger... Read More »

Busy Year for Billion-Dollar Health Care Deals

by | May 11, 2015 5:35 pm | Other Services, Pharmaceuticals

Last week we noted that April was a slow month for healthcare deals. Then we checked our database, DealSearchOnline.com, and discovered there have been 19 billion-dollar deal announcements already in 2015, through May 8th, with a combined total of $103.6 billion. The total for the entire year is about to top $120 billion, on 487 transactions. That’s not on track to beat 2014, yet. Read More »

Four Deals for Physician Medical Groups

by | May 11, 2015 5:32 pm | Other Services

The first full week of May saw a lot of activity, relatively speaking, in the Physician Medical Group sector. Four deals were announced, and not all by the usual acquirers. TeamHealth Holdings (NYSE: TMH), which took on Princeton Emergency Physicians in New Jersey for an undisclosed price, and IPC Healthcare (NASDAQ: IPCM) acquired Atlantic Hospitalist Group in Macon, Georgia. Eisner Pediatric & Family Center, a 95-year-old integrated community clinic in downtown Los Angeles, announced its acquisition of five physician practices in the surrounding area, three pediatric and two OB/GYN. Late in the week came word that South Shore Hospital in South Weymouth, Massachusetts would acquire... Read More »

Nueterra Buys into Benefit Management

by | May 4, 2015 4:24 pm | Other Services

Privately held Nueterra is the largest U.S. private-sector organization specializing in the development of joint equity partnerships with health systems, governments, hospitals and physicians’ groups. Recently, however, it has shifted its focus to the consumer population, and last week acquired Benefit Management, Inc., which provides customized health benefits administration programs to partially self-insured companies. The goal is to develop pay-for-value models for the new bundled payment system. Tally-ho. Read More »

UCHealth Invests in 12 Colorado Urgent Care Centers

by | Apr 20, 2015 4:00 pm | Other Services

Adeptus Health, the largest and oldest network of freestanding emergency room facilities in the country, is selling a majority stake in all 12 of its Colorado facilities, and two more under construction. The buyer, University of Colorado Health System, plans to rebrand them as UCHealth ER. Adeptus operates more than 60 ERs in affluent areas of Arizona, Colorado and Texas, which treat patients who have commercial insurance. Free-standing ERs don’t have to accept Medicare or Medicaid, and thus, 85% of Adeptus’ revenue comes from commercial pay plans.  Under the partnership, UCHealth will hold a majority stake in Adeptus’ freestanding emergency rooms in Colorado. The centers will... Read More »

Another Record Falls in Q1:15

by | Apr 4, 2015 3:19 pm | Behavioral Health Care, Biotechnology, Home Health & Hospice, Hospitals, Laboratories, MRI & Dialysis, Long-Term Care, Managed Care, Medical Devices, Other Services, Pharmaceuticals, Physician Medical Groups, Rehabilitation

Now that the month is officially over, we can report our preliminary Q1:15 results—and it was another record breaker, at least for transactions. The 346 deals logged so far are 109% higher than the first quarter of 2014. You would think that the $104.7 billion in combined spending would set another record, but no. In Q1:09, we tracked $127.2 billion spent on 202 deals. That’s when Pfizer (NYSE: PFE) bought Wyeth for $68 billion.  Here’s the preliminary breakdown of Q1:15 — and remember, the spending is only for deals that disclosed prices. Read More »