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Anju Software Makes a Deal for Zephyr Health
Anju Software has had a busy year, making three transactions public in the first three quarters of 2018. Its latest deal is for Zephyr Health, a San Francisco-based startup backed by Kleiner Perkins Caulfield & Byers, Icon Ventures and Google Ventures. Anju, a life sciences software platform, is backed by Providence Equity Partners. Its integrated platform spans clinical, medical affairs and after-market solutions. Zephyr provides comprehensive physician, institution and treatment data for every major disease area. It uses proprietary algorithms to link disparate data sources in an effort to deliver actionable insights. This deal continues Anju’s strategy to combine robust... Read More »
Amedisys Makes a Compassionate Care Hospice Deal
There’ve been some big moves in the hospice market this year, the largest being the $1.4 billion acquisition of Curo Health Services LLC by Humana (NYSE: HUM), TPG Capital and Welsh, Carson, Anderson & Stowe back in April. Curo Health is one of the nation’s leading hospice operators providing care to patients in 245 location in 22 states. Undeterred by the competition, Amedisys, Inc. (NASDAQ: AMED) moved itself into third place in the U.S. hospice industry with its $340 million acquisition of Compassionate Care Hospice Group. The Parsippany, New Jersey-based company operates 53 locations across 24 states, and cares for approximately 3,300 patients daily. Post-closing,... Read More »
Bain Capital Builds a Home Health Platform
Bain Capital Double Impact, the impact investing business of Bain Capital, waded into the Home Health Care sector last week. The fund acquired two regional companies on both coasts in order to combine them and create a national home care platform for older adults called Arosa+LivHome. Arosa, based in Durham, North Carolina, operates Nurse Care of North Carolina and Developmental Therapy Associates. The companies provide non-medical in-home care, skilled in-home care, pediatric therapy and facility staffing throughout central and eastern North Carolina. Out in Los Angeles, LivHome offers a personalized suite of in-home care and care management solutions to residents of California, Illinois... Read More »
Cannabis Cultivators Keep Growing in October
The medical marijuana market is catching fire in the United States. Less than two weeks into the month of October, MedMen Enterprises (CSE: MMEN) has notched up four deals, and market giant Tilray, Inc. (NASDAQ: TLRY) has announced one. MedMen, based in Culver City, California, is a leading cultivator, producer and retailer of state-sanctioned cannabis in the United States. At the beginning of October, it operated 18 licensed cannabis facilities in California, Nevada and New York, but that list keeps growing. Two of its recent targets are in Illinois, one in Arizona and one in California. The largest of the MedMen deals (to disclose a price) was its acquisition of PharmCann LLC, one of the... Read More »
Health Care M&A Deals, Week Ending October 8, 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 Varsity Healthcare Partners Ideal Option N/A BrightSpring Health Services Gateway Pediatric Therapy N/A Biotechnology Acquirer Target Price Boston Pharmaceuticals, Inc. License to three novel anti-infective programs... Read More »
RadNet Expands to Long Island Market
RadNet, Inc. (NASDAQ: RDNT), has acquired Medical Arts Radiology, which owns and operates 10 imaging centers in Long Island, New York. This is the second acquisition announced this year, following a string of joint ventures around the country. Medical Arts offers MRI, CT, PET/CT, X-ray, ultrasound, bone density and interventional procedures. The centers are located in Bay Shore, Commack, East Setauket, Huntington, Massapequa, Patchogue, Plainview, Smithtown, Bablyon and Stony Brook. In addition to servicing the existing patient base, the Medical Arts centers will be instrumental in providing diagnostic imaging to the approximately 200,000 patients of Emblem’s AdvantageCare Physicans, for... Read More »
September Health Care Deal Results
September is usually a frantic, frenetic transition month, as vacations end, families’ lives kick into high(er) gear, and we face the inexorable onslaught of the winter months in the Northern Hemisphere. On that plane, the healthcare M&A market proved to be remarkably tame for the month. Starting from the high-level view, deal volume currently stands at 126 transactions, slightly lower than the previous month and the year-ago month. But not by a lot. If you can even remember August, it was itself a frantic month, thanks to the Long-Term Care sector, which posted a record 49 transactions. The 25 deals now on record for September are still preliminary, and we expect some revisions upward... Read More »
Third Quarter Healthcare Deal Results
Healthcare deals just keep coming. For the third consecutive quarter, deal volume topped the 400 mark, and those are just preliminary results. As we went to press, 417 deals are on the books, and more will be added as they come to light. Although that total is down 11% compared with the scorching results from the second quarter (471 deals), it’s 8% higher than the same quarter in 2017 (386 deals), and 5% better than the fourth quarter in 2017 (396 deals). The Services sectors showed their usual strength, making up 63% of Q3:18’s deal volume. Once again, the Long-Term Care sector dominated the chart with 102 deals reported, and more to come. Some 110 Long-Term Care deals were reported in... Read More »
Tower Health Adds Urgent Care and ASC Deals
Tower Health, a six-hospital system across southeastern Pennsylvania, is growing its network rather aggressively lately. On October 2, it announced the acquisition of Premier Urgent Care, which runs 19 urgent care centers in Pennsylvania and Delaware. A week earlier, it reported a new joint venture with United Surgical Partners International (USPI), part of Tenet Healthcare (NYSE: THC). Tower Health is the new name for the former Reading Health System, based in West Reading, Pennsylvania. Until May 2017, the system consisted of Reading Hospital, which housed a cancer institute, a cardiac center, a rehabilitation hospital and a physician network of more than 1,000 physicians. On May 30 of... Read More »Schedule a demo
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