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Takeda Takes on Shire for $81.5 Billion
Big Pharma deals are back, more than ever. After six weeks of offers, refusals, talks and more, Japanese drug giant Takeda Pharmaceutical Company Limited (OTCQB: TKPYY) reached an agreement to acquire Shire plc (NASDAQ: SHPG) for $81.5 billion, including assumed debt of $19.54 billion. It’s the largest healthcare deal announced ever, unless you count Pfizer’s (NYSE: PFE) hostile stalking of AstraZeneca (NYSE: AZN) through much of 2014, with bids reported to be around $118 billion. And we don’t. Looking back over past pharmaceutical deals (that closed), this takes the record from Pfizer, which announced its acquisition of Wyeth, Inc. for approximately $78.5 billion, including $10.5 billion... Read More »
Fred’s Exits Specialty Pharmacy, CVS Gains
Fred’s Inc. (NASDAQ: FRED) has had second thoughts about the specialty pharmacy business. Three years ago, in March 2015, the retailer acquired Reeves-Sain Drug Store, Inc., a retail pharmacy with a single location in Murfreesboro, Tennessee. Included in the $66 million deal was EntrustRx Specialty Pharmacy, a direct-to-consumer operation with three locations in Mississippi and Tennessee. EnTrustRx was licensed in all 50 states, and dispenses specialty pharmaceuticals to treat complex conditions and diseases that require ongoing support for extensive periods of time. Its main therapy lines include hepatitis C, oncology, growth hormones, multiple sclerosis and rheumatology. In the... Read More »
Health Care M&A Weekly Deals, The Week Ending May 4, 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 Spectrum Pharmaceuticals, Inc. Exclusive license to methods of use of poziotinib N/A Janssen Biotech, Inc. BeneVir Biopharm, Inc. N/A Vascugen Inc. Exclusive license to blood vessel formation technology... Read More »
SCIO Health Analytics Sold for $240 Million
ExlService Holdings, Inc. (NASDAQ: EXLS), a leading operations management and analytics company, deepened its investment in healthcare analytics with its announced $240 million acquisition of SCIOInspire Holdings, Inc. (SCIO), a West Hartford, Connecticut-based leading healthcare analytics solution and services company (dba SCIO Health Analytics). SCIO helps its clients identify and resolve underlying issues that lead to excessive spending and sub-optimal health outcomes. Together, the companies will provide a broader range of solutions in payment integrity, care management and customer engagement. TripleTree, LLC acted as the exclusive financial advisor to SCIO for this... Read More »
April 2018 Healthcare Deals Explode
Boom! That was April 2018’s M&A results breaking the sound barrier. With 167 transactions, the monthly deal total (almost) blew away the record for deals in a single month. The current record is now January 2017, with 178 transactions. With time, as more deals come to light, April 2018 may be the new champion. Deal volume was 21% higher than the 138 transactions reported in March 2018, and up 55% compared with April 2017’s 108 transactions. The Long-Term Care sector was a major force behind the surge in deal volume. A record 46 deals were reported, representing a 92% increase over March’s anemic 24 deals, and a 130% gain over the 20 deals reported a year earlier.... Read More »
Fresenius Sells Sound Inpatient Physicians for $2.15 Billion
What began in 2014 as a grand round of acquisitions of physician medical groups became a multi-billion-dollar exit four years later. Fresenius Medical Care (NYSE: FMS), the world’s largest provider of dialysis products and services, took “an important strategic step to sharpen its U.S. Care Coordination profile” and sell its controlling interest in Sound Inpatient Physicians Holdings, LLC for $2.15 billion. The buyers are led by Summit Partners, a Boston-based private equity firm. Back in June 2014, Fresenius acquired Sound Physicians, as it was called, for $600 million. The group was comprised of more than 1,000 physicians in more than 100 hospitals. The acquisition was... Read More »
SwipeSense Acquires iScrub Lite
Just in time for World Hand Hygiene Day (Saturday, May 5, 2018), SwipeSense announced its acquisition of iScrub Lite, the leading mobile application for hand hygiene observation. Yes, that’s real thing. iScrub Lite was conceive and developed by the Computational Epidemiology Research Group at the University of Iowa. It was launched to simplify the error-prone process of recording hand hygiene observations and sharing the results with healthcare professionals. Dr. Philip Polgreen, associate professor of internal medicine and epidemiology at the University of Iowa, said his team created iScrub to serve the infection control community. “However, the costs of updating the service have... Read More »
Q1:18 Hospital Deals Rise 25% YoY
Mergers and acquisitions in the Hospital sector picked up slightly in the first quarter, up 9% compared with the previous one to 25 deals. It was up 25% compared with the same quarter in 2017, and the 25 deals comprise 29% of the 86 deals announced in the previous 12 months. Some of the activity is still being fueled by divestitures by the publicly traded companies, Community Health Systems (NYSE: CYH), Quorum Health (NYSE: QHC), and Tenet Healthcare (NYSE: THC). All are trying to lower their debt load, and for Community Health and Tenet, activist shareholders are demanding more attention to the balance sheet. In the first quarter, Community Health sold five hospitals (one in Louisiana,... Read More »
Welltower and ProMedica Buy QCP and HCRMC
Toledo, Ohio is a hotbed of healthcare deal making, all of a sudden. Three companies based there joined together to carve up HCR ManorCare, the financially beleauered tenant of Toledo-based Quality Care Properties, Inc. (NYSE: QCP). Welltower Inc. (NYSE: WELL) and not-for-profit ProMedica Health System joined the fray, and it became one complicated deal. Quality Care Properties was spun out from HCP, Inc. in October 2016, taking with it HCP’s skilled nuring assets, most of which were operated by HCR ManorCare (HCRMC). As of December 31, 2017, QCP owned 259 skilled nursing facilities with 22,205 beds, 59 assisted living/memory care communities with 3,843 units, one 37-bed surgical... Read More »Schedule a demo
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