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Health Care M&A Deals, October 23, 2020
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 H.I.G. Capital’s acquisition of St. Croix Hospice for $580 million from The Vistria Group. St. Croix Hospice is a leading provider of hospice care across the Midwestern United States, serving an area that covers six contiguous states. It recently purchased Serenity Care Hospice in Missouri and Hometown Hospice & Homecare in Wisconsin.... Read More »
Health Care M&A Deals, October 16, 2020
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 WellSky’s acquisition of CarePort Health for $1.35 billion. CarePort Health is an end-to-end post-acute care coordination platform that bridges acute and post-acute EHR data. Allscripts is selling CarePort in this deal. With this transaction, WellSky is positioned to manage the acute care discharge process, track patients across post-acute... Read More »
Paladina Health Acquires Primary Care Provider HealthStat
Paladina Health embarked on a big expansion last week. The company acquired Healthstat, a leading provider of onsite and virtual primary care, health-risk intervention, chronic care management and occupational medicine in employer facilities. Paladina Health provides direct primary care services to employers and individuals. It is a portfolio company of New Enterprise Associates and is also backed by Oak HC/FT, Alta Partners and Greenspring Associates. DaVita Inc. (NYSE: DVA) sold Paladina Health to New Enterprise Associates in June 2018 for an estimated $100 million, according to reporting from CNBC. The Heathstat acquisition will add more than 230 clinics in 13 additional states,... Read More »
U.S. Hospital M&A Is Still Healthy
Hospitals are the subject of intense national attention this year, thanks to the coronavirus pandemic. When Covid-19 hit hard in March, several hospitals and health systems were overwhelmed with critically ill patients. Elective surgeries were canceled, emergency room and hospital visits plummetted and revenue streams dried up. Congress quickly passed the Coronavirus Aid, Relief and Economic Security Act, which sent $100 billion to healthcare providers in the form of loans and grants. Mergers and acquisitions already underway at the beginning of the year kept moving forward, mostly. The first quarter of 2020 saw 19 transactions reach the definitive agreement stage, the same number reported... Read More »
CarePort Health Sold to WellSky
Four years after acquiring CarePort Health, healthcare IT company Allscripts Healthcare Solutions Ltd. (NASDAQ: MDRX) is selling the post-acute patient care business to WellSky Corp. for $1.35 billion. Allscripts announced its acquisition of CarePort on October 20, 2016, for an undisclosed amount, according to search results in HealthCareMandA.com Deal Database. Allscripts, known for its electronic health record (EHR) business, was looking for solutions to help it navigate the shift in healthcare reimbursement and legislation that was pushing healthcare providers and support services to deliver better outcomes for patients. “Managing post-acute care is now a necessary and integral... Read More »
LHC Group and Christus Health Joint Venture Expands in Texas
The joint venture between LHC Group (NASDAQ: LHCG) and Christus Health has acquired a hospice provider in Texas. The home health giant and non-for-profit health system added Santa Rosa Hospice, a hospice provider in the San Marcos metro area, which includes the Austin market. Once the agreement is finalized, the LHC Group and Christus partnership will include 22 home health, hospice, palliative care, community-based and long-term acute care locations across three states. The deal is expected to close on November 1, 2020. No terms were disclosed. LHC Group and Christus first partnered up in August 2017, according to search results in the HealthCareMandA.com Deal Database. The two companies... Read More »
Health Care M&A Deals, October 9, 2020
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 Bristol Myers Squibb’s $13.1 billion takeover of MyoKardia, Inc., a clinical-stage biopharmaceutical company discovering and developing targeted therapies for the treatment of serious cardiovascular diseases. Bristol Myers Squibb will gain mavacamten, a potential first-in-class cardiovascular medicine for the treatment of obstructive... Read More »
Clover Health Goes Public
Clover Health Investments, Corp. is going public in a new reverse merger. Founded in 2013, Clover Health provides affordable Medicare Advantage plans to more than 57,000 members in seven states. The company also offers the Clover Assistant platform, which aggregates relevant health data points, including claims, medical charts and diagnostics, and uses machine learning to synthesize that data with member-specific information. This provides physicians with actionable and personalized insights at the point of care, offering suggestions for medications and dosages as well as the need for tests or referrals, among others, to ultimately improve health outcomes. Clover Health is merging with... Read More »
Innovative Renal Care Acquires American Renal Associates
Innovative Renal Care, a portfolio company of Nautic Partners, has significantly expanded its network through a new acquisition. The dialysis provider has added American Renal Associates Holdings, Inc. (NYSE: ARA) for $853 million, or $11.50 per share in cash, representing an approximate premium of 66% to the company’s closing price on October 1, 2020. The price includes net debt. ARA is a leading provider of outpatient dialysis services in the United States. As of June 30, 2020, ARA operated 251 dialysis clinic locations in 27 states and the District of Columbia serving more than 17,300 patients with end-stage renal disease. ARA generated 12-month revenues of $815.8 million with EBITDA of... Read More »Schedule a demo
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