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WellStar Acquires Five Tenet Hospitals in Atlanta

by | Dec 2, 2015 2:52 pm | Hospitals

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 »

DenTek Bought by Prestige Brands

by | Nov 27, 2015 8:08 am | Other Services

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

by | Nov 26, 2015 8:00 am | Physician Medical Groups

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

by | Nov 25, 2015 8:00 am | Healthcare Market Updates

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

by | Nov 24, 2015 4:30 pm | Pharmaceuticals

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

by | Nov 23, 2015 4:06 pm | Pharmaceuticals

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

by | Nov 23, 2015 8:30 am | Medical Devices

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 »

Apollo Global Buys 8-Hospital System

by | Nov 20, 2015 8:00 am | Hospitals, Private Equity

Warburg Pincus made a grand exit from RegionalCare Hospital Partners, its portfolio company since its founding in 2009. RegionalCare owns and operates eight non-urban hospitals, two in Alabama, and one each in Arizona, Connecticut, Iowa, Montana,Ohio and Texas. The buyer, Apollo Global Management LLC, paid an undisclosed amount for the 1,027-bed health system. The deal is expected to close by the end of 2015. Read More »