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PE Firms Growing Influence in eHealth
In our 2019 Health Care Services Acquisition Report, Twenty-Fifth Edition, we reported how private equity firms have reshaped healthcare M&A on the services side. However, PE firms and their portfolio companies are also molding the tech sector, particularly in eHealth. In 2017, private equity firms and their portfolio companies accounted for roughly 29% of the 164 digital health deals. In 2018, they accounted for 67 deals, or nearly 33% of the 204 deals reported. Their activity is increasing in both number and volume. In terms of spending volume, private equity firms and portfolio companies accounted for 40% of announced prices for 2017 at roughly $3.69 billion. In 2018, it was nearly... Read More »
Alacare Acquired by Encompass Health Corp.
Encompass Health Corp. (NYSE: EHC) announced it will acquire Alacare Home Health & Hospice for $217 million dollars. That purchase price was about 1.9x the target’s approximate 2018 revenue of $117 million. Founded in 1970, Alacare provides home health, hospice and palliative care, physical rehabilitation, and specialty programs for dementia, cancer, stroke and heart patients. It has a large presence in Alabama, with 23 co-located home health and hospice agencies across the state. The deal will add significant territory to Encompass Health’s service area, adding new markets in Alabama. The company provides facility-and home-based patient care through its 127 hospitals and... Read More »
Health Care M&A Deals, Week Ending April 5, 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 Novartis AG IFM Tre $310,000,000 eHealth Acquirer Target Price Advantia Health Pacify 4/4/2019 Home Health Care & Hospice Acquirer Target Price Encompass Health Corp. Alacare Home Health & Hospice $217,000,000 BrightStar Care... Read More »
Health Care M&A Deals, Week Ending March 29, 2019
The Health Care M&A Deals 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 Guardant Health, Inc. Bellwether Bio, Inc. N/A AstraZeneca plc Collaboration on trastuzumab deruxtecan $1,350,000,000 eHealth Acquirer Target Price Netmeds Marketplace Pvt. Ltd. KiViHealth $10,000,000 Zyus Life Sciences Inc. Clinical health informatics platform $2,386,020... Read More »
Schweiger Dermatology Group Expands PA Presence with New Deal
Schweiger Dermatology Group, a portfolio company of LLR Partners, is expanding out of its Northeast stronghold with an acquisition of a physician medical group in Pennsylvania. Dermatology & Skin Surgery Center will become a member of the company following the deal and adds 10 physicians to Schweiger’s network. The target physician group provides dermatologic treatments and dermatologic surgery with locations in Exton, Coatesville and Kennett Square, Pennsylvania. With 50 offices and approximately 150 healthcare providers in the New York metro area and Northeastern states, Schweiger Dermatology is looking for new markets to grow. In addition to this deal, the company... Read More »
Envy Medical Purchased by Allergan
Allergan plc (NYSE: AGN) acquired Envy Medical, Inc. this week in an effort to bolster its medical aesthetics portfolio. Envy Medical develops, markets, and sells non-invasive skin rejuvenation therapies for patients suffering from dermatologic or aesthetic conditions. Terms of the deal were not disclosed. The deal will also give Allergan a key product out of Envy Medical’s portfolio, Dermalinfusion. The item is a non-surgical, non-invasive skin resurfacing system. It is sold in more than 30 countries and has a global install base of over 3,800 units in physician offices and medical spas. This is not the first deal Allergan has made to build up its aesthetics portfolio. In September... Read More »
How PE Firms and Sponsored Companies Have Reshaped Health Care M&A
Although private equity firms have been active in healthcare services for many years, their participation has grown significantly in the past five. In our newly published report, 2019 Health Care Services Acquisition Report, Twenty-Fifth Edition, we took a look at their recent activities and how they’re moving these markets. Deal volume created by these firms and their portfolio companies grew 450% between 2014 and 2018, reaching 369 transactions in 2018. PE firms’ share of the combined annual deal count in healthcare services increased to 46% in 2018, from just 14% five years earlier. The data below does not include the Long-Term Care sector. Spending by these firms and their... Read More »
Centene Acquires WellCare Health Plans
The sleepy Managed Care sector woke up to a big deal last week. Centene Corporation (NYSE: CNC) announced it will acquired WellCare Health Plans (NYSE: WCG) for approximately $17.4 billion. M&A among managed care companies has been dormant since 2015. That’s when, in June, the U.S. Supreme Court upheld the tax subsidies provided as part of the Affordable Care Act. Forty-four deals were announced that year, not including the two mega-mergers between Aetna (NYSE: AET) and Humana (NYSE: HUM) for $37 billion and between Anthem (NYSE: ANTM) and Cigna (NYSE: CI) for $54 billion. Since the U.S. Department of Justice (DOJ) successfully challenged those mergers in 2017, they’ve... Read More »
Health Care M&A Deals, Week Ending March 22, 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, 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 a particular sector of interest to your firm. Behavioral Health Care Acquirer Target Price Gryphon Investors LEARN Behavioral N/A Ashley Addiction Treatment Aquila Recovery N/A eHealth Acquirer Target Price Henry Schein One Lighthouse 360 N/A Emergent Connect, LLC TouchstoneNet N/A Teladoc, Inc.... Read More »Schedule a demo
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