Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40

Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
CROs Are Back in Demand

CROs Are Back in Demand

by | Mar 9, 2021 8:00 am | CRO

Last year was not kind to contract research organizations (CROs). CROs typically provide discovery and development services to companies in the Medical Device, Pharmaceutical and Biotechnology sectors, conducting clinical trials and providing a wealth of R&D support. Demand for their services have seen a gradual rise over the last decade for a variety of reasons. An increasing number of start-ups have popped up in the Biotechnology sector, and they don’t have the resources or infrastructure that major players would have to oversee the complex R&D needed to bring a drug to market, so they often outsource much of that task to CROs. Second, big pharma and biotech are increasingly... Read More »
ICON Acquires PRA Health Sciences

ICON Acquires PRA Health Sciences

by | Mar 1, 2021 3:39 pm | CRO

The contract research organization giant ICON plc (NASDAQ: ICLR) is growing its market reach through the acquisition of PRA Health Sciences, Inc. (NASDAQ: PRAH). The deal is valued at $12 billion, with the per share merger consideration consisting of $80 in cash and 0.4125 shares of ICON stock. The consideration represents an approximately 30% premium to PRA’s closing price as of February 23, 2021. The transaction value comes out to around 3.77x revenue and 20.2x EBITDA, annualized.  PRA is one of the world’s leading global contract research organizations by revenue, providing outsourced clinical development and data solution services to the biotechnology and pharmaceutical industries.... Read More »
Charles River Laboratories Acquires Cognate BioServices

Charles River Laboratories Acquires Cognate BioServices

by | Feb 22, 2021 4:27 pm | Other Services

Charles River Laboratories International, Inc. (NYSE: CRL) is significantly boosting its capabilities with a new acquisition. The research giant is buying Cognate BioServices, Inc. from EW Healthcare Partners for $875 million. The acquisition and associated fees are expected to be financed through Charles River’s existing credit facility and cash. Cognate BioServices is a cell and gene therapy contract development and manufacturing organization (CDMO). The company has extensive experience producing various cell types and technologies used in cellular immunotherapy and immuno-oncology, regenerative medicine, and advanced cell therapy. Cognate BioServices’ minority shareholders include... Read More »
Thermo Fisher Acquires Henogen S.A.

Thermo Fisher Acquires Henogen S.A.

by | Jan 26, 2021 8:33 am | CRO, Laboratories, MRI & Dialysis, Other Services

After a surprise collapse of its takeover bid for QIAGEN N.V. (NYSE: QGEN), Thermo Fisher Scientific Inc. (NYSE: TMO) is back with a new deal in 2021. Thermo Fisher is buying Henogen S.A. from Groupe Novasep SAS for approximately EUR 725 million ($877.5 million) in cash. Based in Belgium, Henogen S.A. is a viral vector manufacturing business that provides contract manufacturing services for vaccines and therapies to biotechnology companies and large biopharma customers.  Groupe Novasep partners with a variety of industries to provide technically optimized and economical solutions for the life science industry.  Henogen has two facilities and approximately 400 employees with substantial... Read More »
Walgreens Sells Alliance Healthcare

Walgreens Sells Alliance Healthcare

by | Jan 12, 2021 8:25 am | Other Services

In an effort to focus on its growing retail pharmacy division, a network of more than 9,000 stores, Walgreens Boots Alliance, Inc. (NASDAQ: WBA) is selling its Alliance Healthcare business to AmerisourceBergen Corporation (NYSE: ABC). The deal, valued at $6.5 billion, is comprised of $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock for a majority interest. The Alliance Healthcare business supplies medicines, other healthcare products and related services to more than 115,000 pharmacies, doctors, health centers and hospitals each year from 306 distribution centers in 11 countries. AmerisourceBergen sources and distributes pharmaceutical products to healthcare... Read More »
Tenet Healthcare Sells Urgent Care Business

Tenet Healthcare Sells Urgent Care Business

by | Dec 21, 2020 2:11 pm | Other Services, Urgent Care Centers

Tenet Healthcare Corporation (NYSE: THC)  is having a busy holiday season. Early in December, the Texas-based health system purchased a portfolio of 45 ambulatory surgery centers (ASCs) from SurgCenter Development for $1.1 billion. Now, Tenet Healthcare is unloading a bulk of its urgent care platform in a deal valued at $80 million in order to focus on its ASC business. FastMed Urgent Care, backed by ABRY Partners and BlueMountain Capital Management, is buying Tenet’s platform, which is operated under the CareSpot and MedPost brands and managed by Tenet’s United Surgical Partners International subsidiary. The platform has 87 centers in Arizona and Texas. Tenet... Read More »