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Recent Healthcare M&A Deals, Week Ending August 14, 2015
AcquirerTargetPrice Biotechnology Mallinckrodt plcTherakos, Inc.$1.3 billion Sorrento Therapeutics, Inc.CAR-T immunotherapy programsN/A Long-Term Care CareTrust REIT, Inc.14 senior care properties$175 million Not disclosedHidden Lake$12.8 million Source: Health Care M&A News, August 14,... Read More »Premier, Inc. Makes Two eHealth Deals
August is a busy month for Premier, Inc. (NASDAQ: PINC), which bills itself as a healthcare improvement company, with an alliance of 3,400 hospitals and 110,000 other providers. In the first two weeks of August 2015, the company has announced two acquisitions totaling $465 million. The first deal, for CECity, Inc. was announced on August 4 ($400 million); the second, for Healthcare Insights, LLC, was announced on August 12 ($65 million). The former company specializes in performance improvement, while the latter provides financial management systems to hospitals and healthcare systems. In August 2014, Premier acquired TheraDoc, a clinical informatics company, from Hospira (NYSE: HSP) for... Read More »NorthStar Anesthesia Expands
The market for anesthesiology groups is hot this year, with 10 deals announced through mid-August. The latest was from NorthStar Anesthesia, a portfolio company of TPG Growth, which acquired Anesthesia Staffing Consultants of Bingham Falls, Michigan. Financial terms were not disclosed. The acquisition expands NorthStar’s presence in the Midwest and increases its team of anesthesiologists and CRNAs to more than 1,600 providers working in nearly 150 facilities in 19 states. Read More »Digital Health Care M&A
Mergers and acquisitions in the digital health category have gone through boom times and relative obscurity since the Great Recession. Companies offering revenue cycle management have always been popular targets, while data analytics and population health management companies have more to prove when it comes to ROI. With IBM (NYSE: IBM) making a splash this year with three announced acquisitions and $1 billion in spending publicly disclosed, this category is seeing more action. Through mid-August, we’ve recorded 72 transactions for eHealth companies, and $2.5 billion spent so far. Looking at the chart below, this sector is on track for another busy year. Digital Health Care Deals, 2010 to... Read More »The Gores Group Exits with $1.325 Billion
Last week’s Biggest Deal was Mallinckrodt plc’s (NYSE: MNK) $1.325 billion acquisition of Therakos, Inc., an immunotherapy company, from The Gores Group. Gores acquired Therakos back in October 2012 for an undisclosed price from Ortho-Clinical Diagnostics. The transaction is expected to be accretive by no less than $0.10 per share to Mallinckrodt’s adjusted diluted fiscal 2016 earnings and increasingly accretive thereafter. With roughly 60% of Therakos’ revenue in the U.S., it expects fiscal 2015 net sales of $185 to $195 million, and anticipates high single-digit growth off that base going forward. Read More »Recent Healthcare M&A Deals, Week Ending August 7, 2015
AcquirerTargetPrice e-Health Premier, Inc.CECity, Inc.$400 million IBMMerge Healthcare Inc.$1 billion Physician Medical Groups TeamHealth Holdings, Inc.IPC Healthcare Inc.$1.6 billion TeamHealth Holdings, Inc.Brookhaven Anesthesia AssociatesN/A Source: Health Care M&A News, August 7,... Read More »IBM Pays $1 Billion to Help Watson ‘See’
Last April, IBM (NYSE: IBM) rocked the Big Data world with the announcement that its supercomputer, called Watson, would be the center of its new Watson Health unit. At the same time, it announced the acquisitions of Phytel, a population health platform, and Explorys, a cloud-based healthcare intelligence company, to launch the effort. Last week, Watson got some “eyes,” as IBM announced its third and largest transaction (prices were not disclosed for the previous two). It plans to acquire medical imaging management firm Merge Healthcare Inc. (NASDAQ: MRGE) for $7.13 per share in cash, for a total transaction value of $1 billion. Merge’s technology platforms are used at more than 7,500 U.S.... Read More »Deal Volume Rose in July
July’s combined transaction total hit 127 deals, up 2% compared with the bang-up month of July 2014, which had 124 transactions. The Services sector had a strong performance, accounting for 60% of deal volume. Long-Term Care made up 27% of the volume overall with 34 announced transactions. That equalled the record set last July for the sector, and will probably break it as more deals come to light. The Managed Care sector posted some extra activity, although seven deals versus two deals the month prior and a year ago isn’t moving the needle very high. July 2015 DealsShare of Total Services Behavioral Health Care32% Home Health & Hospice23% Hospitals76% Labs, MRI & Dialysis43%... Read More »LifePoint Takes 2 Hospitals For-Profit
LifePoint Health, Inc. (NASDAQ: LPNT) last week announced two deals for smaller community hospitals that turned the not-for-profit entities into local tax payers. One was Fleming County Hospital (52 beds) in Flemingsburg, Kentucky. The other was an acquisition conducted via a joint venture with Norton Healthcare, called Regional Health Network of Kentucky and Southern Indiana. The JV acquired 241-bed Clark Memorial Hospital in Jeffersonville, Indiana, with a capital commitment of at least $80 million over the next five years. The local county councils are thrilled to move these not-for-profits into the tax base, no doubt. Meanwhile, the mood in other parts of the country is to sue the... Read More »Schedule a demo
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