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
Ophthalmology Groups Are Still Hot Targets
It’s been an incredibly busy January, and deal volume continues to pile up. Investor interest in physician groups has swelled in particular, as we reach 36 deals and counting. The hottest specialty so far has been for ophthalmology practices, which have accounted for seven deals so far this month. It’s a trend that has spilled over from 2020, when ophthalmology deals accounted for 22% of the 189 Physician Medical Group transactions announced last year. As other specialties, such as dental practices and dermatology groups, were hit hard by the pandemic, demand for cataract surgery and the ability to conduct eye exams and other routine care via telehealth grew, resulting in increasing... Read More »
ENT Partners Kicks off 2021 with Multiple Acquisitions
Candescent Partners, a Boston-based private equity firm, acquired ENT Partners LLC in 2018 to build a leading network of ear, nose and throat (ENT) and sleep providers. And now in 2021, it seems like the company is making good on that mission. In just two weeks into the new year, the company has added three practices to its network, according to search results in our Healthcare Deal Database. No terms were disclosed. On January 7, the physician group purchased Arlington ENT based in Arlington Heights, Illinois. Arlington ENT – Head & Neck and Facial Plastic Surgery offers a wide range of services within the surgical specialties of cosmetic and reconstructive facial plastic surgery and... Read More »
Healthcare M&A Activity Enters the Stratosphere
After an avalanche of deals in the fourth quarter of 2020, healthcare M&A activity and announcements just keep piling on in the opening weeks of 2021. As of the afternoon of January 15, there are 139 deals recorded in our Healthcare Deals Database, with many more to add as they hit the newsfeeds. Demand for physician groups has swelled, after a rough 2020 for the sector, hitting 30 deals. That’s followed by 20 deals in the eHealth sector, 19 in Other Services and 15 in the Long-Term Care sector as the sectors with the highest amount of activity. To put the numbers in perspective, there were 60 physician group deals in the fourth quarter (the highest of 2020), so if the pace... Read More »
Talkspace Goes Public in Another Reverse Merger
In 2020, reverse mergers with special purpose acquisition companies (SPACs) popped up on a weekly basis, and it seems like that trend is spilling over into 2021. This week, Talkspace, a tele-behavioral healthcare company, announced it is going public after it merges with Hudson Executive Investment Corp. (NASDAQ: HEC), a SPAC formed by Hudson Executive Capital LP (HEC), Douglas L. Braunstein and Douglas G. Bergeron. Mr. Braunstein is the founder and co-managing partner of HEC and the former CFO and Vice Chairman of JP Morgan. Mr. Bergeron is a co-managing partner of HEC and the former Chairman and CEO of VeriFone, Inc. The deal is valued at an initial enterprise value of $1.4 billion, plus... Read More »
Aspirus Buys Portfolio of Ascension Hospitals
Ascension Wisconsin, part of the Ascension health system, is divesting seven hospitals (total of 264 beds) in north and central Wisconsin. Three are acute care hospitals, and four are designated as critical access hospitals. The buyer is Aspirus, a nonprofit rural health service with six hospitals in Wisconsin and four in Michigan, 50 clinics, home health and hospice care, pharmacies, critical care and air-medical transport, nursing homes and a broad network of physicians. No terms were disclosed, but the seven facilities generated $392.2 million revenues for the fiscal year of 2019 and $73.8 million in EBITDA. The divestment includes Eagle River Hospital in Eagle River (14 beds); Good... Read More »
Health Care M&A Deals, January 15, 2021
The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our HealthCareMandA.com Deal Database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. The largest deal of the week is STERIS plc’s acquisition of Cantel Medical Corp. valued at $4.6 billion. Cantel Medical Corp. provides infection prevention and control products and services for the healthcare market. It operates segments in four areas: Medical, Life Sciences, Dental and Dialysis. The combined company will create a stronger global business serving a broader... Read More »
Health Care M&A Deals, January 8, 2021
The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our HealthCareMandA.com Deal Database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. The largest deal of the week is Optum’s (NYSE: UNH) acquisition of Change Healthcare (NASDAQ: CHNG) for $13.17 billion, or $8 billion in cash ($25.75 per share) and approximately $5.17 billion in assumed debt. The price is a 41% premium to Change Healthcare’s close on January 5, 2021. Change Healthcare is a leading independent healthcare technology company and... Read More »
Healthcare M&A In 2020 Goes Out In Style
Now that we made it to 2021, the last thing our readers might want to do is look back at 2020. We totally get it, it was a very long year, but activity in the fourth quarter surprised all of us, and it’s worth sticking around as we break down the numbers in the healthcare M&A market. Activity in October and November maintained the status quo for 2020, with dealmaking seemingly stifled by rising Covid-19 cases across the country. There were 130 deals announced in October, with a slight uptick in November, when 142 transactions were announced. For context, the average monthly deal volume for 2020 was 135. However, December healthcare M&A activity felt like an avalanche, with 222... Read More »
Optum Acquires Change Healthcare
It’s not often we see a prolific buyer such as Change Healthcare (NASDAQ: CHNG) as the target company in an acquisition, but it’s a new year with new possibilities. The digital health and analytics giant will be acquired by Optum, a member of UnitedHealth Group (NYSE: UNH) that operates OptumHealth, a population health management company; OptumInsight, a healthcare information analytics company; and OptumRx, a pharmacy benefits management company. The deal is valued at $13.17 billion, consisting of $8 billion in cash ($25.75 per share) and approximately $5.17 billion in assumed debt. The price is a 41% premium to Change Healthcare’s closing price on January 5, 2021. Change Healthcare is a... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
