Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 40
Warning: Undefined variable $count in /home/seniorca/public_html/wp-content/themes/divi-news-child-healthcare/index.php on line 121
UPMC and PinnacleHealth Team Up
PinnacleHealth System wasted little time after the Federal Trade Commission blocked its merger with Penn State Hershey Medical Center in 2016. Since then, the central Pennsylvania system has announced the acquisition of five hospitals, with a total of 720 beds. Now, it’s the target in another in-state merger deal. Last March, the University of Pittsburgh Medical Center (UPMC) and PinnacleHealth signed a letter of intent to explore a merger. In mid-August, the parties announced they’d reached a definitive agreement on the deal. PinnacleHealth operates seven acute-care hospitals mainly in central Pennsylvania, with a total of 1,267 licensed beds. When it began working with UPMC... Read More »MedEquities Trust Enters the Behavioral Health Sector
Real estate investment trusts (REITs) are back in action in the Behavioral Health Care sector. Last April we reported on Care Capital Properties (NYSE: CCP) $380 million deal for six inpatient facilities owned by Signature Healthcare Services LLC (dba Aurora Behavioral Health). Early in August, MedEquities Realty Trust (NYSE: MRT) made its first move into the sector. On August 7, MedEquities announced a definitive agreement to acquire four behavioral health and substance abuse treatment facilities from subsidiaries of AAC Holdings, Inc. (NYSE: AAC), aka American Addiction Centers, for $25 million. Brentwood, Tennessee-based AAC operates 12 residential substance abuse treatment facilities,... Read More »PE Firms Line Up for Pharmaceutical Targets
Although pharmaceutical M&A has declined sharply over the past year, there has been an uptick in financial buyer activity in the sector in the first eight months of 2017. We don’t typically see a lot of financial buyers in this space, since they are easily outbid by strategic buyers that have the advantage of easy access to capital and cost synergies. Also, private equity buyers have been flocking to acquire “healthcare-lite” targets, such as eHealth or contract research organizations, in the past 12 months, largely to avoid potential regulatory and reimbursement roadblocks that come with a new administration. Pharmaceutical M&A is down 65% (only 55 deals) compared with the 156... Read More »
MEDNAX Adds More Radiologists
MEDNAX (NYSE: MD) inked its seventh acquisition of the year in a deal that expands its radiology presence into the southeastern United States. On August 23, the company announced its acquisition of Radiology Associates of South Florida (RASF) in Miami. RASF provides diagnostic radiology, interventional radiology and vascular surgery services at Baptist Health South Florida, the largest healthcare system in South Florida, inclusive of seven hospitals and more than 50 outpatient facilities, and performs approximately 1 million studies per year. Terms were not disclosed. The group’s more than 70 physicians are highly subspecialized, including cardiovascular imaging, neuroradiology, body... Read More »
Mayo Clinic Sheds its Managed Care Segment
Two not-for-profit managed care companies are joining forces, bringing the year’s total to 13 deals in the sector. On August 17, 2017, Medica Health Plans, Inc., which provides health care coverage in the employer, individual, Medicaid and Medicare markets in Minnesota, Iowa, Kansas, Nebraska, North Dakota, South Dakota and Wisconsin, announced it was acquiring Mayo Clinic Health Solutions. Financial terms were not disclosed. The target, a division of Mayo Clinic, is a health benefits management company and licensed third party administrator that provides plan administration services and health care products to 260,000 members through 28 customers. Mayo Clinic stated the deal sets... Read More »Dealing in Doc Groups Grows in 2017
For the Physician Medical Group sector, this year is shaping up to rival 2016’s merger and acquisition activity. Two multi-billion-dollar deals have been announced, through the middle of August. Two such deals were announced in 2016, although they were for larger amounts. So far in 2017, 104 transactions for physician practices have been made public, just 20% lower than the 2016 total of 130 deals. There’s still time to catch up to that recent high, obviously. Spending is a different story, as usual. Through mid-August, nearly $5.5 billion has been committed to finance these doctor deals, which is 59% lower than the full-year total of $13.3 billion in 2016. The latest major... Read More »Summer Heat Sinks Deal Making in July 2017
Deal makers took a break in July, judging by the lower deal volume and lower deal value posted in our preliminary data for the month. Compared with the previous month, deal volume dropped 20%, to 100 transactions, and deal value fell 49%, to $8.7 billion. Third quarters are typically slower for mergers and acquisitions, although there have been a few exceptions. In 2015, a record 411 deals were announced in Q3, which was 17% better than the same quarter in 2014, and 10% better than the third quarter in 2016. With little more than one month into Q3:17, we’ve logged 106 transactions. Not exactly a strong pace, but that could change. At this writing, the Senate Republicans failed to get the... Read More »U.S. Hospital Deals Holding Steady
Seven months into 2017, hospital mergers and acquisitions in the United States are slow and on the smaller side. Even with Community Health System’s (NYSE: CYH) ongoing divestiture announcements, just 51 transactions have been announced through August 1. In all of 2016, 84 transactions for U.S. hospitals were announced. With five months to go, that’s a target this sector could meet or even surpass, but that’s not a very high bar to reach, considering there were 96 deals for U.S. hospitals announced in 2015. Spending on this year’s hospital deals has been anemic. Through August 1, almost $2.3 billion has been spent on mostly private hospital transactions, with the largest, at $1.4 billion,... Read More »Health Care M&A Weekly Deals, The Week Ending August 11, 2017
Health Care M&A Weekly Deals, The Week Ending August 11,... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
