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Teledoc Moves into French Telemedicine
Teladoc, Inc. (NYSE: TDOC) announced this week it will acquire MedecinDirect, an accredited mobile platform for the healthcare industry. MedecinDirect provides personalized medical advice and subscriptions to patients online and by telephone. The deal will combine Teladoc’s virtual care services with MedecinDirect’s consultation and prescription digital health solutions. The organization will become the French country unit of Teladoc Health. This acquisition adds to the growing list of purchases focused on telemedicine and virtual health. You might remember a few earlier this year. Medici bought Chiron Health in January for an undisclosed amount. Chiron provides secure remote... Read More »
Gryphon Investors Gets into Autism Treatment with Learn Behavioral
Learn Behavioral, formerly Learn-It Systems, has a new owner. Gryphon Investors acquired a majority stake in the behavioral health company from LLR Partners in mid-March. Financial terms weren’t disclosed, of course, but the deal wasn’t cheap. This is Gryphon’s first investment in the Behavioral Health Care space. LLR put the company up for sale in late October 2018. Even with this deal announcement, LLR hasn’t exited the autism-treatment company completely. The firm and Learn senior management will maintain minority stakes alongside Gryphon. Based in Baltimore, Learn Behavioral’s primary focus is the delivery of applied behavior analysis (ABA) therapy to... Read More »
Social Determinants of Health Network Acquired by Signify
“Social determinants of health” is healthcare’s latest Phrase of the Year. It made its mark at the January 2019 J.P. Morgan Healthcare Conference in San Francisco and has now turned up in a deal announcement. It’s only the first of many, we’re sure. March 15 marked Signify Health’s first acquisition since New Mountain Capital stepped in. The of TAVHealth, based in San Antonio, Texas. The price was not disclosed, although CNBC reported the deal “was in the high double-digit millions.” Signify has a multi-billion dollar valuation, according to the company. The target was TAVHealth, a San Antonio, Texas-based startup that uses social... Read More »
Health Care M&A Deals, Week Ending March 15, 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. Biotechnology Acquirer Target Price AstraZeneca plc Exclusive rights to cancer immunotherapy $20,000,000 eHealth Acquirer Target Price Hill-Rom Holdings, Inc. Voalte, Inc. $180,000,000 K1 Investment Management, LLC Digital Pharmacist Inc. $100,000,000 ImagineSoftware ProviderAlly N/A... Read More »
ResMed Moves into South Korea
Sleep apnea doesn’t discriminate. The condition occurs everywhere, and that’s where ResMed, Inc. (NYSE: RMD) is going. On March 8, the medical device maker bought HB Healthcare in Seoul, South Korea, for an undisclosed amount. HB provides home medical equipment provider and serves both reimbursed and cash-pay customers to assist with sleep apnea, chronic obstructive pulmonary disease (COPD) and other respiratory conditions. The move comes after the Korean government’s July 2018 decision to begin National Health Insurance Service reimbursement for sleep apnea diagnosis and CPAP treatment devices. One in five Korean adults could have sleep apnea, according to a study by Ansan... Read More »
Digital Pharmacist Bought by K1 Investment Management
K1 Investment Management, LLC, a leading investment firm focusing on high-growth enterprise software companies globally, has purchased Digital Pharmacist Inc. for $100 million. Digital Pharmacist provides HIPAA-compliant web, text, mobile and voice applications for pharmacies to automate refill requests and reminders, and to automate communication with patients. Over 7,500 pharmacies currently use the platform. With the investment from K1, Digital Pharmacist will scale its operations to meet the increasing demand for its platform. It will develop new products to further enhance the patient-pharmacist experience. Digital Pharmacist’s management team and employees will continue to operate... Read More »
Orthopedic Device Companies Are all the Rage in 2019
Stryker Corporation’s (NYSE: SYK) recently announced acquisition of OrthoSpace, Ltd., an Israeli based orthopedic company, for $110 million (with another $110 million in milestones), makes it tough to ignore 2019’s biggest trend in the medical device sector. Orthopedic companies, so far, have taken up nearly 40% of the medical device transactions this year. In the deal, Stryker gains OrthoSpace’s InSpace platform, a biodegradable sub-acromial spacer designed to realign the natural biomechanics of the shoulder. It expects the InSpace product will bolster its sports medicine portfolio in particular. The product has been used with 20,000 patients across 30 countries.... Read More »
Cambia Health Combines (Not Merges) with BCBS of North Carolina
Managed care deals have fallen off the radar recently. In all of 2018, we saw just 25 announcements, down 51% from the year before. The marketplace is certainly undergoing significant changes, as CVS Health (NYSE: CVS) moves ahead with its new subsidiary, Aetna, to create Health Hubs within its retail stores. That combination took Aetna off the acquisition trail. Likewise, Cigna’s (NYSE: CI) acquisition of pharmacy benefits manager Express Scripts in 2017 took that managed care company out of the market for the moment. Now comes the unusual combination of Blue Cross Blue Shield of North Carolina (BCBCNC), based in Durham, and Cambia Health Solutions out in Portland, Oregon. Blue... Read More »
Health Care M&A Deals, Week Ending March 8, 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 AbleTo, Inc. Joyable N/A Biotechnology Acquirer Target Price Biogen Inc. Nightstar Therapeutics plc $877,000,000 Pfizer Inc. License to an immune tolerance therapy N/A Oncternal Therapeutics, Inc GTx, Inc. N/A... Read More »Schedule a demo
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