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
Health Care M&A Deals, Week Ending May 31, 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. Biotechnology Acquirer Target Price Anji Pharmaceuticals, Inc. Global rights to Metformin DR N/A Eli Lilly and Company Exclusive worldwide rights to CNTX-0290 $47,500,000 Constellation Alpha Capital Corp. DermTech, Inc. $15,000,000 eHealth Acquirer Target Price Apple Inc. Tueo Health... Read More »
Community Health Systems Sells Three More Hospitals
Community Health Systems (NYSE: CYH) is still at it. The financially troubled hospital chain unloaded three more hospitals in May, bringing the number of divested facilities in 2019 to seven. The latest announcements involved two Florida hospitals, Heart of Florida Regional Medical Center (193 beds) in Davenport and Lake Wales Medical Center (160 beds) in Lake Wales, along with their respective assets, physician clinic operations and outpatient services. The acquirer is AdventHealth, formerly known as Adventist Health System, a not-for-profit healthcare system with 45 hospital campuses and more than 8,200 licensed beds in nine states. Lake Wales Medical Center has been struggling... Read More »
WVU Health Adds The Health Plan to its Roster
Hospitals and health systems typically buy outpatient services such as urgent care and ambulatory surgery centers to raise their market presence. West Virginia University Health System (WVU Health), a not-for-profit system based in Morgantown, West Virginia, instead has merged with The Health Plan, a community-based not-for-profit health maintenance organization that offers Medicare Advantage, Medicaid, Point-of-Service and Preferred Provider Organization plans. Based in Wheeling, it has licenses in West Virginia’s 55 counties, as well as a 36-county area in Ohio. WVU Health is the state’s largest health system with nine hospitals in the state and one in Oakland, Maryland. It... Read More »
EMR Software Provider Acquired by WELL Health
Slowly but surely, WELL Health Technologies Corp. (TSX.V: WELL) is building its own digital health platform. The Canadian healthcare operator announced it acquired OSCARprn for $876,000. Financial details include $619,500 upfront and $256,500 via 373,906 shares in the capital of WELL at a price of approximately $0.69 per share. The target company provides electronic medical record (EMR) software services compatible with Oscar, an open source EMR platform that handles patient records, scheduling, prescription management, and billing. OSCARprn partners with approximately 71 medical clinics in British Columbia, approximately 820 practitioners, and over 800,000 unique patients. This eHealth... Read More »
Another Cancer Treatment Startup for Merck
Merck & Co., Inc. (NYSE: MRK) has been busy this year. After securing a licensing deal with Cocrystal (NASDAQ: COCP) for proprietary influenza A/B antiviral agents in January, the company found two biotechnology start-ups to bolster its cancer treatment portfolio. First, in February Merck bought Immune Design for $5.85 per share in cash, for an approximate value of $300 million (135.8x trailing 12-month revenue). The target company is a late-stage immunotherapy company employing in-vivo approaches to enable the body’s immune system to fight disease. Through this acquisition, Merck gained Immune Design’s proprietary technologies, GLAAS and ZVex, which are engineered to... Read More »
Radiology Partners Expands in North Carolina
Radiology practices are hot targets these days. Even as technologies like artificial intelligence and machine learning speed up the number of images read, a trained physician still has the superior knowledge to detect abnormalities. Radiology Partners Inc., a portfolio company of New Enterprise Associates, added Greensboro Radiology to its own portfolio of practices in May. The practice was established through the consolidation of four leading radiology groups in the Triad region of North Carolina over the last 20 years. The group, which now has 68 physicians, provides radiology services and serves 50+ hospitals and imaging centers, and holds key strategic relationships with Cone Health,... Read More »
Varian Medical Makes Two Deals in May
Varian Medical Systems (NYSE: VAR) is on the move again. The Palo Alto, California-based medical device maker announced two deals in May 2019 targeting two very different companies. Varian (market cap $11.6 billion) designs, manufactures, sells and services medical devices and software products for treating cancer and other medical conditions. The earlier deal, announced on May 9, brought aboard privately held cardiac ablation firm Cyberheart, based in Sunnyvale, California, for an undisclosed amount. CyberHeart’s intellectual property covers cardiac radioablation, which involves using radiation in the heart and other forms of radiosurgery for certain heart diseases. The second deal,... Read More »
Health Care M&A Deals, Week Ending May 24, 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. Biotechnology Acquirer Target Price Evotec SE Just Biotherapeutics, Inc. $90,000,000 Merck & Co., Inc. Peloton Therapeutics, Inc. $1,050,000,000 OncoSec Medical Incorporated Portfolio of patents for IL-12 DNA N/A Amgen Inc. Nuevolution $167,000,000 eHealth Acquirer Target Price WELL Health Technologies... Read More »
Advanced Wound Care Firm Acelity Grabbed for $6.7 Billion
3m Company (NYSE: MMM), the global conglomerate, announced in early May it purchased Acelity Inc. for $6.7 billion, or roughly 11.4x EBITDA. The target is a medical device consortium comprised of Apax Partners, affiliates of Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, is selling Acelity. Acelity develops advanced wound care products and specialty surgical applications marketed under the KCI brand name. The company reported a revenue of $1.5 billion in 2018. This acquisition bolsters 3M’s Medical Solutions business and supports its growth strategy to offer comprehensive advanced and surgical wound care solutions. The transaction is expected to... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
