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November Health Care Deal Volume Slows Further
The fourth quarter of 2015 isn’t building the M&A momentum we saw a year ago. Preliminary deal volume for November 2015 sits at 107 deals, which bests the previous month’s 99 deals by 8%, but is a solid 28% behind the same month in 2014. This is how health care M&A is playing out in 2015. The burst of activity that carried over from December 2014 into the first quarter has been petering out ever since. Even as 2015’s total deal volume will surpass last year’s record of 1,312 transactions (see story, page 1), this year was front-loaded with deals. A new record for first-quarter deal volume was set this year, with 366 transactions now on the books. By contrast, 2014 deal... Read More »WellStar Acquires Five Tenet Hospitals in Atlanta
WellStar Health System, the Marietta, Georgia-based not-for-profit health system, is buying its way to become the state’s largest healthcare provider. On December 1, the hospital chain and for-profit hospital chain Tenet Healthcare (NYSE: THC) announced their agreement to exchange five Atlanta metro area hospitals for $575 million upfront, plus the assumption of $86 million in debt related to the lease of the 158-bed North Fulton Hospital in Roswell, Georgia. The other hospitals included in the sale are the 466-bed Atlanta Medical Center (Atlanta), its 210-bed South Campus (East Point), the 160-bed Spalding Regional Hospital (Griffin) and the 10-bed Sylvan Grove Hospital (Jackson).... Read More »Recent Health Care Deals, week ending 11.27.15
AcquirerTargetPrice Computer Programs and Systems Inc.Healthland Holding Inc. $250 million Molina Healthcare of Michigan, Inc. Medicaid and MIChild businesses of HAP MidwestN/A Pfizer Inc. Allergan plc$160 billion Prestige Brands Holding Inc. DenTek Oral Care$225 million... Read More »DenTek Bought by Prestige Brands
DenTek Oral Care, Inc., a privately held maker of oral care products, is now part of Prestige Brands Holdings (NYSE: PBH). Prestige paid $225 million for DenTek’s product line of floss picks, interdental brush cleaners, dental guards, disposable dental picks, braces care and dental repair products. The acquisition expands Prestige’s portfolio of OTC brands, adding specialty oral care products marketed in the United States, Australia and Europe. Read More »Team Health Closes on IPC Healthcare Acquisition
It’s official. On November 23rd, Team Health Holdings (NSE: TMH) completed its $1.6 billion acquisition of IPC Healthcare, Inc. (formerly NASDAQ: IPCM), a national acute hospitalist and post-acute provider organization. The combination creates a national physician services organization that will serve approximately 2,000 post-acute facilities across 28 states. As a result of the completion of the transaction, IPC’s common stock ceased trading on the NASDAQ exchange. Up until the last minute, IPC was still acquiring physician medical groups. On November 13, it announced a deal for Amity Health, LLC, a post-acute practice in Wichita, Kansas and on November 19, it added Heartland... Read More »Update: Billion-Dollar Health Care Deals, 2015
A recent post here noted there were more billion-dollar deals than in years past, and the amount was higher than any other year. Along comes the Pfizer-Allergan deal at $160 billion, and we have revised the numbers upward. The key takeaways: 51 billion-dollar-plus deals in 2015 (4% of the 1,282 total), with $549.4 billion spent on those deals (90% of the current $549.4 billion). We’ll have more in the December issue of Health Care M&A News. Read More »Pfizer’s Acquisition Trail
Pfizer Inc. (NYSE: PFE) is a well-oiled acquisition machine, with at least 107 announced acquisitions since 1998. Including yesterday’s announcement of its $160 billion deal for Irish drug maker Allergan plc (NYSE: AGN), the largest-ever health care transaction, Pfizer has spent more than $461 billion on those 107 deals. Thirteen of those disclosed prices of $1 billion or more. Here are the five biggest deals announced. Company AcquiredDatePrice Allergan plcNovember 23, 2014$160 billion Warner-Lambert CompanyNovember 4, 1999$114 billion Wyeth, Inc. January 26, 2009$68 billion Pharmacia CorporationJuly 15, 2002$56 billion Hospira, Inc. February 5, 2015$17... Read More »Health Care M&A Passes Half-a-Trillion $ Mark
Thanks to today’s announcement that Pfizer Inc. (NYSE: PFE) and Allergan plc (NYSE: AGN) agreed to a $160 billion merger, 2015’s total for health care mergers and acquisitions now stands at $549.4 billion. That’s 42% higher than last year’s full total of $387 billion, an amount we thought would stand for at least a few years. Deal volume for the year is now about 1,285, just 2% below last year’s record of 1,312 transactions. And there’s still a month left to go in 2015. Stay tuned. Read More »Medtronic Leads Medical Device M&A in 2015
The Medical Device sector has experienced some ups and down, as M&A goes. Last year, the sector posted 111 transactions and $85.6 billion in spending, which was an 8% and 620% improvement, respectively, over 2013’s performance. This year doesn’t look like a knock-out year for spending, with a sector total of just $36.2 billion as of November 20. Deal volume could still reach last year’s levels, since it stands at 103 deals as of that date. Medtronic plc (NYSE: MDT) has been the busiest acquirer by far, with 10 deals announced. Seven of those disclosed prices, totaling $1.25 billion through November 20. Here’s our list of the top Medical Device deals to date.... Read More »Schedule a demo
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