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Health Care M&A Weekly Deals, The Week Ending March 2, 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 Seven Hills Capital, LLC VersiCare Group N/A eHealth Acquirer Target Price Revint Solutions Naveos N/A Melissa Data IO Informatics, Inc. N/A R1 RCM Inc. Intermedix Corporation $460 million The... Read More »
Thinking of Selling Your Health Care Company to a PE Firm?
If you’re the owner or an investor in small- to mid-market healthcare services company, you’re probably wondering if the time is right to sell or seek growth equity from a private equity firm. We’re hosting a webinar on just that theme, “The Ins and Outs of Selling Your Healthcare Services Company to a Private Equity Firm,” on Thursday, March 8, at 1:00 pm ET. Follow the link to register, and read on for a look at the state of global and domestic private equity markets. Bain Capital just released its 2018 Global Private Equity Report, which painted a fairly rosy picture. Both buyouts and exits posted healthy gains in 2017, and the largest buyout funds ever... Read More »Deal of the Week: R1RCM/Intermedix Corporation
R1 RCM Inc. (NASDAQ: RCM), a provider of revenue cycle management services to healthcare providers, announced its acquisition of Intermedix Corporation, a portfolio company of Thomas H. Lee Partners, on February 26. Intermedix is a global leader in data analytics and cloud-based technology that delivers best-in-class revenue cycle management (RCM), practice management and emergency management solutions. It supports more than 500,000 emergency preparedness and response incidents worldwide and enables more than 15,000 health care providers to focus on patient care. The acquisition by R1 RCM includes Intermedix’s healthcare division, which is comprised of its physician and EMS RCM... Read More »
Health Care M&A Weekly Deals, The Week Ending February 23, 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 Merck Viralytics Limited $394 million BenevolentAI Cambridge Research Campus N/A Kite Pharma License to zinc finger nuclease technology $150 million eHealth Acquirer Target Price TractManager, Inc.... Read More »
Dermatology Deals Keep PE Platforms Growing
The Physician Medical Group sector has been very busy in recent years, as hospitals and health systems acquire local practices that can produce referrals and private equity firms build platforms and make add-on deals. Dermatology practices aren’t coveted by hospitals, so it’s the private equity firms that are doing the collecting. In the first eight weeks of 2018, 17 deals for physician medical groups have been annouced, 10 in Janaury and seven in the first three weeks of February. The usual specialty practices were represented in that mix, with Mednax (NYSE: MD) adding a neonatology practice in California, Minnesota-based not-for-profit Fairview Health Services acquiring a... Read More »
CityMD Adds 2 Urgent Care Companies
CityMD, the New York City-based urgent care chain, is beginning to tap the services of its partner, Warburg Pincus LLC. On February 13, the company announced its acquisition of STAT Health, a portfolio company of Spaons Barber Jesse & Co., and FirstMed Immediate Medical Care, for an undisclosed price. CityMD was acquired by Warburg Pincus in April 2017 for a reported price of $600 million, including debt, according to Reuters. It was founded in 2010 by Dr. Richard Park, who remains CEO, and other physicians as a single practice in Manhattan. At the time of its sale to Warburg Pincus, it operated 68 walk-in urgent care centers, some of which were added with its 2013 merger with Premier... Read More »
Health Care M&A Weekly Deals, The Week Ending February 16, 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 Bioverativ Inc. License to lentiviral vectors $5 million Oncologie, Inc. Exclusive license to lefitolimod $369 million Lee’s Pharmaceutical Limited Exclusive rights to GCC-4401C N/A Bristol-Myers... Read More »
Q4:2017 Health Care Spending, by Sector and Share
A total of $114.4 billion was spent to fund the 377 transactions reported in Q4:17, based on disclosed prices. The Managed Care sector dominated the dollar side of deal making, accounting for 70% ($80.6 billion) of spending. A single deal accounted for 67% of the quarter’s total, as CVS Health (NYSE: CVS) announced its agreement to acquire Aetna Inc. (NYSE: AET) for $77.0 billion (including debt). If that deal doesn’t close, this chart will look very different. The rest of the healthcare sectors were relegated to single-digit shares of the fourth quarter’s spending pie. The Pharmaceutical sector contributed 6% of the quarter’s total, with $6.9 billion, followed by Biotechnology (5%... Read More »
Hospital Deals in 2018: 27% for Critical Access Hospitals
2018 is still quite young, as we are writing in mid-February. Fifteen hospital mergers or acquisitions have reached the definitive agreement stage, which is when we consider them far enough along to include in our DealSearchOnline.com database. (If the deal falls apart later in due diligence or other process, it’s removed from the data.) Of the 15 hospital deals announced so far, four (27%) were for stand-alone critical access hospitals (CAHs). That percentage will change, of course, as the year goes on. But consider 2017. Of the 74 U.S. hospital transactions announced, seven (9%) targeted a critical access hospital. For all the discussion of rural and community hospitals seeking... Read More »Schedule a demo
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