Tower Health Adds Urgent Care and ASC Deals

Tower Health, a six-hospital system across southeastern Pennsylvania, is growing its network rather aggressively lately. On October 2, it announced the acquisition of Premier Urgent Care, which runs 19 urgent care centers in Pennsylvania and Delaware. A week earlier, it reported a new joint venture with United Surgical Partners International (USPI), part of Tenet Healthcare […]

 

Health Care M&A Deals, Week Ending September 28, 2018

The Health Care M&A Weekly chart is a selection of transactions announced during the prior week(s). The deals presented here are from our Deal Search Online database, which is updated every business day, in the quarterly report. Visit www.dealsearchonline.com to see how Deal Search Online can help you stay up-to-date on the healthcare market overall, or in […]

 

Behavioral Health Care Deals Keep Growing

Behavioral health care deals are on a hot streak. Only three quarters of the way through 2018, at least 59 deals have been made public, compared with 56 in all of 2017. Despite the soaring valuations, the buyers keep lining up. For example, another platform-builder just entered the sector. River Cities Capital Funds, a growth […]

 

 

Aetna Sells Medicare Part D Biz to WellCare

Even before federal and state officials made the demand, Aetna Inc. (NYSE: AET) agreed to divest its standalone Medicare Part D business to WellCare Health Plans (NYSE: WCG) for an undisclosed price. The deal was struck to help deflect objections to Aetna’s takeover by CVS Health (NYSE: CVS), which was announced on December 3, 2017. […]

Test tubes filled with money
Test tubes filled with money

Quest Diagnostics Inks Two Deals in One Week

Quest Diagnostics (NYSE: DGX) had a busy week in late September, announcing two acquisitions. On September 25, Quest announced its purchase of the U.S. laboratory services business of Oxford Immunotec Global plc in Abingdon, UK. The U.S.-based business includes the T-SPOT.TB tuberculosis and the Accutix tick-borne disease testing services in Memphis, Tennessee and Norwood, Massachusetts. As […]

Health Care M&A Deals, Week Ending September 21, 2018

The Health Care M&A Weekly chart is a selection of transactions announced during the prior week(s). The deals presented here are from our Deal Search Online database, which is updated every business day, in the quarterly report. Visit www.dealsearchonline.com to see how Deal Search Online can help you stay up-to-date on the healthcare market overall, or in […]

Jefferson Health and Einstein Healthcare Agree to Merge

Two Philadelphia-based not-for-profit health systems have agreed to merge. Einstein Healthcare Network and Jefferson Health System signed a definitive agreement on September 14, following their letter of intent signing in March 2018. Einstein is a leading healthcare sytem with approximately 1,000 beds. It includes Einstein Medical Center Philadelphia (548 beds), Einstein Medical Center Montgomery, and […]

Evolent Health Acquires New Century

Managed care company Evolent Health (NYSE: EVH) made its first acquisition in two years with the purchase of privately held New Century Health for up to $217 million. New Century, previously owned by NCIS Holdings, Inc., is a specialty care management company focused primarily on cancer and cardiac care. It manages approximately 462,000 Medicare Advantage (MA) […]

Reliant Rehabilitation Sold to H.I.G. Capital

Rehabilitation deals aren’t made public very frequently, but when the target is big enough, we hear about them. That was the case when H.I.G. Capital announced the closing of its acquisition of Reliant Rehabilitation Holdings, Inc., a leading provider of therapy services, including physical, occupational and speech, to skilled nursing facilities. Headquartered in Plano, Texas, […]