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Aeroflow Healthcare Strikes Third Deal in 2018

Aeroflow Healthcare Strikes Third Deal in 2018

Consolidation is happening all over the healthcare market, and one little-noticed area is the oxygen-therapy durable medical equipment providers. Aeroflow Healthcare, a home oxygen provider and leading durable medical equipment provider based in Asheville, North Carolina, announced its third deal of the year on December 4. The company is acquiring Wheelock Home Medical’s continuous positive airway pressure (CPAP) resupply program. The deal gives Aeroflow a foot into the Michigan medical device market. CPAP supplies can deteriorate and leak air, and Aeroflow will be able to resupply those devices to ensure effective treatment. In November, Aeroflow purchased a positive airway pressure... Read More »
Health Care M&A Deals, Week Ending December 7, 2018

Health Care M&A Deals, Week Ending December 7, 2018

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 Advanced Accelerator Applications S.A. License for FF-10158 N/A Biotage AB PhyNexus, Inc. $11,500,000 eHealth Acquirer Target Price ResMed, Inc. Propeller Health $225,000,000 Curavi Health Inc. TripleCare N/A Tabula Rasa HealthCare DoseMe N/A Enovation... Read More »
How Moved My Turkey? November Deals Drop 26%

How Moved My Turkey? November Deals Drop 26%

Calm down. So deal volume plummetted 26%, to a mere 136 deals compared with October’s 183 (that’s a monthly record, by the way). November is typically a slower month for deal making, what with a four-day Thanksgiving holiday diverting attention away from healthcare transactions. This November’s deal volume bested last year’s results by 24% (110 deals), at least. This is still the fourth quarter, after all, and December 31st is looming on the horizon. We expect to see some late-in-the-month action move the quarter’s goal posts toward higher ground. Last year’s fourth quarter ended with 396 transactions, virtually dead even with Q4:16’s 397 deals. We’ll likely beat those totals in 2018.... Read More »
The Top 10 Healthcare Deals of 2018. So Far

The Top 10 Healthcare Deals of 2018. So Far

It’s been a busy year for healthcare deal makers, and it’s not over yet. With slightly more than 1,700 deals announced as we went to press, this year’s deal volume has already surpassed 2017’s 1,607 total. Dollar volume is on par with last year’s total of $316.3 billion. At the moment, 2018’s spend stands at $316.9 billion. We will likely see a few more big deals in the remaining weeks of December, just as in December 2017. That was the month that CVS Health (NYSE: CVS) and Aetna (NYSE: AET) announced their $77 billion tie-up, Catholic Health Initiatives and Dignity Health made their mega-merger public, Optum (NYSE: UNH) announced its $4.9 billion acquisition of DaVita Medical Group (NYSE:... Read More »
Health Care M&A Deals, Week Ending December 7, 2018

Health Care M&A Deals, Week Ending November 30, 2018

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 Pharos Capital Group LLC ABA of North Texas N/A Discovery Behavioral Health Ambrosia Treatment Center NJ N/A Biotechnology Acquirer Target Price LGC North America Inc. SeraCare Life Sciences, Inc. N/A BeiGene License to ZW25 and ZW49... Read More »
CVS and Aetna Make It Final

CVS and Aetna Make It Final

Fifty-one weeks after pharmacy retail giant CVS Health (NYSE: CVS) announced its intent to acquire managed care giant Aetna (NYSE: AET), the deal that shook the healthcare industry closed. And now the fun begins. When first announced on December 3, 2017, the deal had many industry players scratching their heads. What does a pharmacy chain with 9,700 pharmacy locations and 1,100 MinuteClinic walk-in clinics, not to mention a major pharmacy benefits manager (Caremark), need with a health insurance company? The answer, as CVS CEO Larry Merlo explained over and over again, is the desire to bring a new model of health care to the masses, by expanding services offerings at its pharmacies so... Read More »
Harvest Health Expands into Florida Cannabis Market

Harvest Health Expands into Florida Cannabis Market

Harvest Health & Recreation, Inc. (OTC: HTHHF), a large vertically integrated cannabis company, jumped into the Florida medical marijuana market with its $65 million purchase of San Felasco Nurseries, Inc. The deal expands Harvest’s market reach, giving it more than 40 medical marijuana licenses in 10 states. San Felasco’s license allows it to produce and dispense medical marijuana products and operate as a Medical Marijuana Treatment Center. Each center can operate up to 25 dispensaries. The price is comprised of $34 million in cash, $29.65 million in multiple voting stock, valued at $390 per share, and $1.96 million in assumption of debt. Harvest’s move follows MedMen... Read More »
Optum Adds Seattle’s Polyclinic to Its Doctor Roster

Optum Adds Seattle’s Polyclinic to Its Doctor Roster

UnitedHealth Group’s (NYSE: UNH) Optum division is a key growth driver for the managed care giant, and M&A is a primary reason. During an investor day meeting in New York on November 27, UNH CEO David Wichmann mentioned the company’s acquisition of The Polyclinic, a 240-doctor group in and around Seattle, Washington. Of course Mr. Wichmann didn’t disclose a price. The 101-year-old practice began looking for a partner after developing a strategic plan that proved too costly even for a group of 240 physicians with 14 locations. The deal with Optum will allow it retain control as a physician-led practice and it will continue to operate under its brand name. The practice... Read More »
Medtronic Adds AI Component to its Diabetes Group

Medtronic Adds AI Component to its Diabetes Group

It’s been some time since Medtronic plc (NYSE: MDT) added outside capabilities to its Diabetes Group. Since 2015, in fact, when it bought Diabeter, an independent clinic and research center in Rotterdam. Now the medical device maker has added Nutrino Health, an Israeli digital health company focused on nutrition. It provides nutrition-related data services, analytics and technologies using artificial intelligence-driven personal assessments. It also has been developing algorithms to predict glycemic responses to food. In April 2018, Nutrino raised $8 million in a Series A round from Pereg Ventures, Nielsen Ventures, Gandyr Group and a number of business angels. Financial terms of its... Read More »
Health Care M&A Deals, Week Ending December 7, 2018

Health Care M&A Deals, Week Ending November 21, 2018

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 Crossroads Holding, LLC EHC Medical Offices N/A Biotechnology Acquirer Target Price Bioblast Pharma Ltd. Enlivex Therapeutics Ltd. N/A eHealth Acquirer Target Price Cure.fit Seraniti N/A Medical Devices Acquirer Target Price Colfax... Read More »