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The Biggest Deals of 2016

by | Dec 8, 2016 4:29 pm | Behavioral Health Care, Long-Term Care, Medical Devices, Pharmaceuticals, Physician Medical Groups

It’s been a busy year for healthcare deal making. As of December 2, the combined total spending was $239.1 billion, going to finance 1,419 transactions. That’s 40% behind the $400 billion spent in all of 2015, but just 7% behind last year’s deal volume of 1,520 deals. Thirty-six deals of $1.0 billion or higher have been announced to date in 2016, with a current total of $184.2 billion. These deals comprise 77% of spending so far, and no doubt there will be a few more before New Year’s Eve. By comparison, 2015 ended with a combined total spending of $400.6 billion on 1,520 transactions. Fifty-two of those transactions reported spending of $1.0 billion or higher, for... Read More »

What Will the 115th Congress Do?

by | Dec 8, 2016 4:23 pm | Healthcare Market Updates

The ACA Will Be Repealed. It’s the Replacement That’s Tricky. Donald Trump has transitioned from presidential candidate to president-elect, and has nominated conservative Republican Rep. Tom Price, MD (R-GA) to oversee the Department of Health and Human Services. In the same announcement, healthcare consultant Seema Verma, with ties to Vice President-elect Mike Pence, was nominated to oversee the Centers for Medicare and Medicaid Services (CMS). The House and Senate each have Republican majorities, although the Senate’s is slim, at 52 to 48, and not filibuster-proof. The House is 241 to 194. “Repeal and replace” the Affordable Care Act (ACA) is the first order... Read More »

Digital Health Deals Surpass 2015’s Total

by | Dec 2, 2016 6:25 pm | eHealth

The eHealth sector is wrapping up 2016 with a strong finish, with four digital health deals in the first two days of December, this sector’s total has climbed to 146 deals, a 15% increase compared with last year’s total of 126 transactions . On December 1, Securus Technologies Inc., a privately held technology company specializing in the prison industry, acquired the telemedicine assets of PHD Medical for an undisclosed price. PHD Medical’s hardware, software, management and development assets are a corrections-focused telemedicine solution that improves the treatment and well-being of inmates. Also on December 1, BioTelemetry, Inc. (NASDAQ: BEAT), a medical device company... Read More »

Teleflex Keeps Cardio Deals Pumping

by | Dec 2, 2016 4:48 pm | Medical Devices

It’s been a busy year for mergers and acquisitions in the Medical Device sector. Through December 2, 108 transactions have been announced in 2016, compared with 113 in all of 2015. Target companies specializing in cardiovascular devices make up a small percentage of those deals, but tend to post large prices. So far, $32.8 billion has been committed to three of the four transactions targeting cardiovascular products. The vast majority of that amount is the result of the $30.7 billion acquisition of St. Jude Medical (NYSE: STJ) by Abbott (NYSE: ABT), announced in April. As a result of that deal, Abbott and St. Jude agreed to sell certain vascular closure and electrophysiology assets... Read More »

Rehab Hospitals Attract More REITs in 2016

by | Dec 1, 2016 8:27 pm | Rehabilitation

REITs are on the move in the healthcare services sectors, and rehabilitation hospitals are following the trend we’ve noted in the Hospital sector. Through December 1, REITs have made five acquisitions targeting rehabilitation hospitals, compared with two such deals announced in 2015, and two in 2014. The most recent announcement came from Global Medical REIT Inc. (NYSE: GMRE), which went public on June 29, 2016. Using proceeds from that IPO, the company acquired three rehab hospitals from affiliates of Healthcare Realty Trust Inc. (NYSE: HR), for a total of approximately $68 million. HealthSouth Corp. (NYSE: HLS) is the tenant in all three hospitals, which are located in Mesa, Arizona, and... Read More »

Omnicell Builds Out its Medication Synchronization Platform

by | Nov 29, 2016 7:16 pm | Other Services, Private Equity

People with chronic medical conditions typically take a lot of medications, and it’s not uncommon that many of them skip or forget to take some of their meds as prescribed. A 2011 survey released by the National Consumers League projected that the number of Americans affected by at least one chronic condition requiring medication therapy is expected to reach 157 million by 2020. Into the breach comes Omnicell, Inc. (NASDAQ: OMCL), which provides automation and business analytics software solutions for medication and supply management worldwide. The company announced its acquisition of privately held Ateb, Inc. and its affiliate, Ateb Canada Ltd. on November 29. The... Read More »

The Market for PBMs Slows in 2016

by | Nov 23, 2016 6:44 pm | Managed Care, Other Services, Private Equity

Magellan Health, Inc. (NASDAQ: MGLN), a healthcare management company specializing in special populations and pharmacy benefits management, has just acquired privately held Veridicus Holdings, LLC. The sellers are Gauge Capital, company management and other unnamed backers. Based in Salt Lake City, Veridicus is a pharmacy benefit management (PBM) company that uses proprietary software to integrate pharmacy, medical and lab data to drive targeted interventions for complex patient populations. The $74.5 million deal gives Magellan access to Veridicus’ 225,000 members. Veridicus also owns and operates a fully licensed insurance company which serves members enrolled in the Medicare Part D... Read More »

Community Health Systems Starts Divesting Hospitals

by | Nov 23, 2016 4:57 pm | Home Health & Hospice, Hospitals

It’s no secret that Community Health Systems (NYSE: CYH) has a $15 billion debt load, and that despite its spin-off of Quorum Health Corp. (NYSE: QHC) last April, its financial performance hasn’t improved. During the company’s third-quarter earnings call on November 1, CEO Wayne Smith said the company was in discussions to shed 17 of its 157 hospitals, as well as home health services and non-hospital real estate. The most recent deal following that call was announced on November 17. Community Health’s Spokane, Washington-based Rockwood Health System will become part of Tacoma, Washington-based MultiCare Health System, a not-for-profit system that operates five... Read More »