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Biotechnology Deals Will Surpass 2015’s Record

by | Dec 13, 2016 7:29 pm | Biotechnology, Pharmaceuticals

Deal volume in the Biotechnology sector is poised to surpass last year’s record-setting 160 transactions. With two weeks left in 2016, deal volume has reached 159 transactions. The activity in this sector shows no signs of abating, and will probably carry through the first half of 2017, at least. Big Pharma companies are driving the M&A activity, as they actively compete for promising drug candidates to bolster their aging pipelines. A case in point is a deal that hasn’t been announced yet, but that the industry is watching with interest. French pharma company Sanofi (NYSE: SNY) is reported to be deep into acquisition talks with Swiss... Read More »

What Private Equity Firms Are Buying in 2016

by | Dec 9, 2016 6:16 pm | Behavioral Health Care, Biotechnology, eHealth, Other Services, Physician Medical Groups, Private Equity

Private equity’s success relies upon forward-looking expectations about which firms are best positioned to capitalize on market conditions. The healthcare market poses unique challenges. Although healthcare targets may have the profit opportunities that appeal to PE firms, the volatile legislative and reimbursement environment can turn a “smart bet” into an albatross. A recent report from McKinsey & Company on private equity and healthcare showed that healthcare investments returned the highest global total returns to shareholders (15% between 2010 and 2015). The consumer staples category came closest to that return, with 13% in the same time period. Within the healthcare market,... Read More »

Recent Health Care Deals, week ending 12.09.2016

by | Dec 9, 2016 4:11 pm | Healthcare Market Updates

AcquirerTargetPrice Universal Health ServicesCambian Adult Services Group$479 million U.S. HealthWorksTwin Cities Occupational Health and RehabilitationN/A Envision Healthcare HoldingsAlabama Neonatal Medicine, P.C.N/A H2-Pharma, LLC15 Mayne Pharma productsN/A U.S. Anesthesia PartnersAnesthesia Consultants... Read More »

Universal Health Makes Another U.K. Purchase

by | Dec 8, 2016 4:57 pm | Behavioral Health Care

We’ve seen a lot of companies divesting non-core assets lately. Sometimes the reason is regulatory approval purposes, and other times the company simply wants to focus exclusively on a different business unit. In the latter case, Cambian Group plc (LSE: CMBN) is looking to expand its children services unit. Cambian Group provides specialist behavioral health services to adults and children in the United Kingdom. In December it announced it is divesting its adult services division, Cambian Adult Services Group. The division, which provides care to adults with mental health disorders, intellectual disabilities, autism, personality disorder and acquired brain conditions, consists of 81... Read More »

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 »