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Health Care M&A Weekly Deals, The Week Ending May 25, 2018
We hope you are enjoying your membership to HealthCareMandA.com. This Health Care M&A Weekly chart below is a selection of transactions announced during the prior week(s). The deals presented here are further elaborated in the monthly newsletter, Health Care M&A News, and in the quarterly report. This information also appears in our online database, Deal Search Online. Visit www.dealsearchonline.com to open a guest account and begin your search. Biotechnology Acquirer Target Price Astero Bio Corporation Cryopreserved biologic tool assets N/A Allergan plc AGN-241751 N/A eHealth Acquirer Target Price Elligo Health Research ePatientFinder technology platform and network N/A... Read More »
Centegra Health Joins Northwestern Memorial
Around 40 hospital deals have been announced in 2018, through May 25, and all but four have targeted a standalone hospital (including seven critical access hospitals). The largest hospital deal announced in May, based on the number of hospitals involved, was the merger of Centegra Health System’s three hospitals with Northwestern Memorial HealthCare, a seven-hospital system based in Chicago, Illinois. Centegra operates three hospitals in McHenry County, where it is the largest employer. They are Centegra Health Huntley (128 beds), Centegra Health McHenry (151 beds) and Centegra Health Woodstock (72 beds). Northwestern Memorial has seven hospitals in Chicago and its surrounding... Read More »
Tailwind Capital Takes Over Abode Healthcare
The Home Health & Hospice sector is experiencing strong tailwinds this year, with at least 38 transactions announced through May 25. In all of 2017, 62 deals were announced in this sector. Seven of this year’s transactions were direct acquisitions by private equity firms, with Blue Wolf Capital and Stonehenge Partners announcing two deals each. In May, Tailwind Capital, a New York City-based middle market private equity firm, announced its acquisition of Abode Healthcare, based in Durango, Arizona. Abode Healthcare, a portfolio company of Frazier Healthcare Partners, provides a full spectrum of patient-centric hospice and home health services in growing markets in 10 states. The... Read More »
Anthem Adds Aspire Health to Its Care Roster
Anthem Inc. (NYSE: ANTM) isn’t sitting still while other managed care companies scoop up physician practices and post-acute services. The Indianapolis-based health insurer announced on May 23 that it will acquire Aspire Health, the nation’s largest non-hospice, community based palliative care provider. Financial terms were not disclosed. Aspire Health was founded in 2013 by former U.S. Senator and physician William Frist (R-TN) and Brad Smith. The latter serves as CEO of the company. Aspire currently provides services under contracts with more than 20 health plans to consumers in 25 states. The company uses proprietary predictive clinical and claims-based patient algorithms to... Read More »
Yet Another Physician Specialty Platform Is Created
Physician practices are hot tickets this year, as private investors scramble to put capital to work anywhere they can. Through May 2018, 82 acquisitions have been made public in the Physician Medical Group sector, close to half of all such deals reported in 2017 (166 transactions). Anything that ends in “ology” is getting money thrown at it, some sources tell us. Dermatology practices are in the lead so far, with 18 announced transactions (22%). Ophthalmology and radiology practices are tied for second place, with seven deals each (9%). Primary care is third, with six deals announced (7%). Then there’s pain management practices, with five transactions announced in 2018... Read More »
A Bubble in Healthcare Services? What Bubble?
Bubble talk is back. Anyone who’s bought a healthcare services company in 2018 has hit a hard reality. Depending on the sector, multiples are the highest they’ve ever been, crazy or insane. We attended the ACG New York chapter’s annual healthcare deal conference, titled “Health Care Deals 2018: Where Have We Been and Where Are We Going…” (ellipsis theirs) on a recent May morning. With a title like that, and a market as it is now, the question “Who’s investing in health care these days?” elicited the response, “Who isn’t investing in health care now?” The universe of investors has broadened to include Amazon (NASDAQ:... Read More »
Home Health & Hospice’s Biggest Deals
As a prelude to our interactive webinar, “Home Health & Hospice M&A: The Latest Trends,” on May 24, we put together a chart on the largest U.S. deals in the sector since 1993, when our database was created. The result is a map of the mergers and acquisitions that bring us to today’s frenzied home health & hospice market. Our panel includes Jim Glynn, CEO of Jet Health, Inc.; Mark Kulik, managing director of The Braff Group; and Burk Lindsay, managing director of Raymond James. Join us as we discuss the latest deals, the wild valuations, and what lies ahead in this sector. The largest transactions, measured as $1 billion or more, were all announced in the past... Read More »
Walgreens Buys Pharmacies from Detroit Medical Center
The Detroit Medical Center (DMC) sold off its retail and outpatient pharmacy business to Walgreens, a unit of Walgreens Boots Alliance (NYSE: WBA), for an undisclosed amount, according to Crain’s Detroit Business. The deal includes seven specialty pharmacy sites and one mail-order service business. The DMC made the move as part of a pharmacy reorganization, a process that has resulted in layoffs or reassignments of some two dozen employees. The hospital is part of Tenet Healthcare Corp. (NYSE: THC), which has been in the process of selling non-core hospitals and reorganizing to pare down debt. Walgreens will operate branded specialty pharmacy outlets at some of DMC’s six... Read More »
Health Care M&A Weekly Deals, The Week Ending May 18, 2018
We hope you are enjoying your membership to HealthCareMandA.com. This Health Care M&A Weekly chart below is a selection of transactions announced during the prior week(s). The deals presented here are further elaborated in the monthly newsletter, Health Care M&A News, and in the quarterly report. This information also appears in our online database, Deal Search Online. Visit www.dealsearchonline.com to open a guest account and begin your search. Behavioral Health Care Acquirer Target Price Webster Capital Behavior Development Group N/A The Halifax Group ChanceLight Behavioral Health, Therapy & Education N/A Fulcrum Equity Partners and Vocap Investment Partners, LLC... Read More »Schedule a demo
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