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eHealth Activity Climbs in Q3
The eHealth sector came out swinging this quarter, reporting 51 deals, according to our Deal Search Online database. That’s a modest 9% uptick over Q2:19 deals, but a 38% increase over the same quarter in 2018. Year-to-date totals tell a similar story. In 2018, the first three quarters reported 146 deals, while 2019 clocks in with 151 deals so far. Announced prices have followed suit as well. By the end of the third quarter in 2018, there were roughly $12.8 billion in disclosed prices, but in 2019 we’ve seen approximately $17.9 billion in the sector. Four deals disclosed prices north of a billion dollars in the first three quarters of 2018, including Verscend Technologies,... Read More »
Health Care M&A Deals, Week Ending September 27, 2019
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. Visit www.dealsearchonline.com to see how Deal Search Online can help you stay up-to-date on the healthcare market overall, or in a particular sector of interest to your firm. Behavioral Health Care Acquirer Target Price The Stepping Stones Group New England ABA, Inc. N/A Carroll Capital Easy Speech Pathology N/A Golden Gate Capital Invo Holdings, LLC N/A The Family Treatment Network, Inc. Alpine Academy N/A The Family Treatment Network, Inc. Interventions Unlimited N/A... Read More »
Heal Acquires Medical House Call Company in NYC
Heal announced this week it will acquire Doctors on Call, one of the largest in-home medical practices providing medical house calls for the elderly in New York City, for $15 million. The target employs a team of physicians, nurse practitioners, and physician assistants to provide medical treatment for chronic diseases, sick visits, and post-hospital care. The company averaged 42,000 house calls to seniors in New York City in 2018. Heal is familiar with this business, no doubt, as it develops a mobile application that connects patients with doctors and physicians for medical house calls. Its services are available to more than 75 million patients throughout Atlanta, Georgia; California,... Read More »
Three Oaks Hospice Hits The Ground Running
Three Oaks Hospice, a portfolio company of Health Velocity Capital, was just launched in May 2019, but the company is wasting no time to expand. This week the company bought three hospices in Texas, Total Hospice & Palliative Care in Richardson; ABS Palliative in Carrollton; and Hospice Care and Fellowship Hospice in San Antonio. The acquisitions give it a presence in Dallas, Fort Worth, and San Antonio, providing more than 84,000 days of care annually. The deal also increases its referral network to more than 200 sources. To fuel future growth, Three Oaks has received more than $21 million from Granite Growth, Health Velocity Capital and Petra Capital. It’s been a slow month in... Read More »
Autism Services Provider Goes to Golden Gate Capital
Another private equity firm has thrown its hat in the autism ring. Golden Gate Capital announced its acquisition of Invo Holdings, LLC from The Jordan Company. The Jordan Company and Invo’s management will retain minority ownership stakes in the business. Invo Holdings, based in Jamison, Pennsylvania, provides a range of multi-disciplinary, research-based therapy services to infants, toddlers and school-aged children with various developmental delays, including autism, in homes, at schools and in community-based centers across 27 states. It 2,500 clinicians include board-certified behavior analysts, registered behavioral technicians, speech-language pathologists, occupational and... Read More »
St. Christopher’s Hospital Goes to Auction in Philly
Yet another hospital bankruptcy has led to an auction and a sale. This time it was St. Christopher’s Hospital for Children in Philadelphia, Pennsylvania. The 188-bed hospital is a healthcare outpost in north Philly and one of only two children’s hospitals in the city. In 2018 it and Hahnemann University Hospital were sold by Tenet Healthcare (NYSE: THC) to California investment banker Joel Freedman, represented as American Academic Health Systems LLC (AAHS), for $170 million. Hahnemann’s financial troubles prompted American Academic to file for Chapter 11 bankruptcy protection on June 30 and led to that hospital’s closure in July 2019. St. Christopher’s... Read More »
TPG Capital Re-enters the Southeast Asia Hospital Market
TPG Capital and its sponsored companies have been on a tear in 2019. Through its recently launched U.S. autism platform, Kadiant, the global private equity firm announced six deals since February. Its U.S.-based digital health company WellSky announced two deals in the past 12 months and back in February, Kindred Healthcare, now co-owned by TPG and Welsh, Carson, Anderson & Stowe, acquired a hospital in Los Angeles out of the Promise Healthcare bankruptcy. In early September, TPG announced its acquisition of another digital health company, Convey Health Solutions, from New Mountain Capital for an undisclosed price. Two weeks later, the firm was back in the news with a $1.2 billion deal... Read More »
Alder BioPharmaceuticals Merges with H. Lundbeck in $1.95 Billion Deal
H. Lundbeck A/S (OMX: LUN), the specialty pharmaceutical giant based in Denmark, announced its first acquisition in over a year. The company revealed it was buying Alder BioPharmaceuticals (NASDAQ: ALDR), a clinical-stage biopharmaceutical company focused on transforming migraine treatment through the discovery, development and commercialization of novel therapeutic antibodies. One product candidate is ALD1910, a monoclonal antibody for migraine prevention. Lundbeck gains Alder’s eptinezumab product, an investigational monoclonal antibody for migraine prevention that it will develop and launch worldwide in the upcoming years. Lundbeck expects to see significant growth in its brain... Read More »
EyeCare Partners Grows Its National Platform
EyeCare Partners’ acquisition marathon shows no signs of slowing down. Ever since FFL Partners formed the group with the acquisition of Clarkson Eyecare in April 2015, EyeCare Partners (ECP) has expanded rapidly, consolidating smaller firms to grow a national network. Last week, the group purchased Nationwide Vision from Refac Optical Group, a portfolio company of Acon Investments. Nationwide is a full-service vision care provider operating 89 optometry offices throughout Arizona and Florida. This acquisition brings EyeCare Partners’ network range to up to 450 locations nationwide. No financial terms were disclosed. Earlier in September, ECP acquired Associated Retinal... Read More »Schedule a demo
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