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Thermo Fisher Sells Its Anatomical Pathology Business
Shortly before it reported fourth quarter and full-year earnings results, Thermo Fisher Scientific (NYSE: TMO) announced the sale of its anatomical pathology (AP) business for $1.14 billion. The buyer, Tokyo-based PHC Holdings Corporation, is a global healthcare company developing and manufacturing medical equipment and products across diabetes care, diagnostics, life sciences and healthcare information technology. Its consolidated net sales in FY2017 was approximately $1.76 billion. The AP business provides microscope slides, instruments and consumables. It has approximately 1,200 employees at locations in the U.S., Europe and China. The business generates approximately $350 million in... Read More »
Health Care M&A Deals, Week Ending January 25, 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 Beacon Specialized Living Services, Inc. Owakihi, Inc. N/A Biotechnology Acquirer Target Price BioNTech AG Operational antibody generation unit N/A Vertex Pharmaceuticals Incorporated License to two DNA-PK inhibitors N/A eHealth Acquirer... Read More »
Watch Out: Eye Care Groups Are Selling Fast
With an already impressive 16 Physician Medical Group deals in January alone (and we still have a week left), six of those have been ophthalmology practice deals. To put that in context, there were a total of 11 in the fourth quarter of 2018. If the trend continues, that number will be easily eclipsed in the first quarter of 2019. Perhaps the most important acquisition to note is CEI Vision Partners’ (CVP) acquisition of Virginia Eye Consultants, announced on January 24. It will make CVP one of the largest ophthalmology management services organizations in the nation. CVP will add 11 ophthalmologists, six optometrists, and more than 185 staff from Virginia Eye. The deal marks CVP’s fourth... Read More »
Centene Corp. Buys QualChoice
Centene Corporation (NYSE: CNC) is on the move. Just days after announcing its 89% stake in a Madrid hospital, the insurer came back with a deal to buy QualChoice Health Insurance from Catholic Health Initiatives (CHI), one of the largest not-for-profit hospital systems in the United States. The deal isn’t officially announced but has been acknowledged by both companies. It was reported in the Arkansas Democrat-Gazette and other local newspapers on January 4 based on interviews with QualChoice CEO Randall Crow and a Centene spokesman. Both said the companies have entered into a definitive agreement on the sale and are waiting for approval from Arkansas Insurance Commissioner Allen... Read More »
Hospital Deals Picked up in Q4:18
Mergers and acquisitions in the Hospital sector have risen steadily since a pronounced drop in the second quarter of 2018. The fourth quarter ended with 20 deals, up 18% quarter over quarter, but down 20% year over year. The 20 deals made up 25% of the 79 deals announced in the previous 12 months. Community Health Systems, which has divested 43 underperforming facilities or ones in non-core markets in the past two years, sold seven hospitals in the fourth quarter of 2018. Four were standalone facilities throughout South Carolina, two were part of the Mary Black Health System that is also in South Carolina and the last was in Salem, New Jersey. The selling will continue in 2019, as CHS CEO... Read More »
Private Equity Spent Big in Health Care in Q4:18
Financial buyers, which include real estate investment trusts (REITs) and private equity firms, are not dominant players in the health care M&A market, although a few REIT deals have popped up in the Behavioral Health Care and Hospital sectors in recent years. But they have been very active. Valuations in several of the services sectors have kept many middle-market private equity firms on the side lines, as auctions may now include non-healthcare companies like Amazon, Best Buy and Walmart. More often, strategic buyers outspend or even pre-empt an auction. Financial buyers are bullish on the healthcare market. In the fourth quarter, they accounted for 24% of the deal volume, with 120... Read More »
Health Care M&A Deals, Week Ending January 18, 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 MEDIAN 2 addiction treatment clinics in Germany N/A Biotechnology Acquirer Target Price Apricus Biosciences, Inc. Seelos Therapeutics, Inc. N/A Celgene Corporation License to cell therapies N/A eHealth Acquirer Target Price PerfectServe... Read More »
British Columbia, Home of Digital Health Deals
British Columbia is probably not tops on your list of places that feature health care deals. You’d be right, of course. American states like California, Massachusetts and Texas routinely weigh in with the most transactions per month. January 2019 is different, however, in the digital health sector. Two transactions in the eHealth sector were announced in the first three weeks of the month. One even disclosed a price, which is another surprise. NerdEMR Services Ltd., based in North Vancouver, was acquired by WELL Health Technologies (TSX.V: WELL), formerly known as Wellness Lifestyles Inc. for $2.55 million. WELL owns and operates a portfolio of primary healthcare facilities. On a... Read More »
Home Health & Hospice Deals Kick Off 2019
The Home Health & Hospice sector is predicted to see a great deal more mergers and acquisitions in 2019 than it has in recent years. Bullish industry watchers cite the growing momentum behind value-based health care delivered in lower-cost settings as just one tailwind that is expected to boost the sector. This sector closed out 2018 with 82 deals in our database, the best year for M&A since 2014, when 81 deals were made public. Four deals are already on the books, all announced in the first week of the new year. Three are from private equity sponsors or their platform companies. One deal echoed a growing trend of joint ventures between not-for-profit health systems and for-profit... Read More »Schedule a demo
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