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Foreign Hospital Deals Keep Coming

by | Nov 2, 2015 8:56 am | Healthcare Market Updates

Hospital mergers and acquisitions are interesting to a local media audience, we know. But the foreign deals that are announced should be of interest to global investors. We reported the $2.3 billion Al Noor Hospitals Group plc (LSE: AHN) acquisition in Abu Dhabi by South Africa’s Mediclinic International Ltd. two weeks ago. Now there’s Max Healthcare’s 51% stake in an adjacent hospital in New Delhi, India, for an undisclosed price. Smart Health City Pte Ltd., part of the Singapore-based BK Modi Group, sold the majority interest in its Saket City Hospital Private Limited (230 beds, in the process of expanding to 300 beds) to Max Healthcare, which owns the Max Super... Read More »

Q3:15 Health Care Deal Volume

by | Oct 26, 2015 9:15 am | Behavioral Health Care, Biotechnology, eHealth, Home Health & Hospice, Hospitals, Laboratories, MRI & Dialysis, Long-Term Care, Managed Care, Medical Devices, Other Services, Pharmaceuticals, Physician Medical Groups, Rehabilitation

We’re just about to publish our third quarter results this week, but wanted to give you a sneak preview of how the third quarter stacks up against Q2:15 and the same quarter a year ago. Here’s the chart. SectorQ3:15 DealsQ2:15 DealsChangeQ3:14 DealsChange Services Behavioral Health Care10667%4150% Home Health & Hospice9650%15-40% Hospitals332438%1974% Labs, MRI & Dialysis16157%8100% Long-Term Care906538%856% Managed Care12850%5140% Physician Medical Groups1522-32%147% Rehabilitation7617%540% Other Services464015%3628% Services subtotal23819224%19125% Technology Biotechnology413421%27%52% eHealth3334-3%34-3% Medical Devices31297%2619% Pharmaceuticals423811%67-37%... Read More »

GE Healthcare Sells Clarient Lab Business

by | Oct 26, 2015 8:59 am | Laboratories, MRI & Dialysis

GE Healthcare (NYSE: GE)  sold Clarient, Inc. and its wholly owned subsidiary Clarient Diagnostic Services, Inc., which provides comprehensive cancer diagnostic testing to hospitals, physicians and the pharmaceutical industry. The acquirer was NeoGenomics, Inc. (NASDAQ: NEO), which,  together with its subsidiary, NeoGenomics Laboratories, Inc., operates a network of cancer-focused testing labs providing genetic and molecular services. The price, totaling $275,200,000, consists of $80 in cash, $110 million in preferred stock at $7.50 per share, and 15 million shares of NeoGenomics common stock ($85.2 million, based on the prior-day closing price of $5.68 per share). In effect, GE Healthcare... Read More »

PharMerica Expands Its Footprint

by | Oct 26, 2015 8:58 am | Other Services

The institutional pharmacy services company PharMerica Corporation (NYSE: PMC) moved into western New York with its acquisition of McGuire Group Pharmacy, a subsidiary of McGuire Group in Cheektowaga, New York (a suburb of Buffalo). McGuire Group operates skilled nursing facilities in western New York, Long Island and Michigan, and is selling its pharmacy division, which provides comprehensive pharmacy services to long-term care facilities and other customers in the Buffalo-Niagara Falls metropolitan area. Read More »

Netsmart Picks Behavioral Health EHR

by | Oct 26, 2015 8:57 am | Behavioral Health Care

Netsmart Technologies, which provides post-acute electronic health records and technology for health and human services providers, acquired Little Rock, Arkansas-based Lavender & Wyatt Systems, which provides electronic health records and related services for behavioral health providers. LSWI clients will now have access to Netsmart’s CareRecord EHR optons and arange of other solutions and services that help to deliver quality care and maximize operational efficiencies. Its own Essentia general ledger modules will be added to the Netsmart CareGuidance suite and made available to all Netsmart clients. Read More »

Health Care M&A in Q4:15

by | Oct 26, 2015 8:56 am | Physician Medical Groups

Okay, so we had a record third quarter in 2015, with more than 390 deals (we’re still counting) and $198 billion-plus in spending. Looking ahead to the fourth quarter, consolidation in many sectors is still strong, as rivals realize they may need to join forces to achieve scale. Case in point: AmSurg Corporation (NASDAQ: AMSG) made an unsolicited $7.5 billion offer for TeamHealth Holdings (NYSE: TMH), which is in the midst of its own acquisition of IPC Healthcare (NASDAQ: IPCM). Although Team Health rebuffed the offer, a larger one is in the offing, no doubt. Also, the huge cash reserves on many companies’ balance sheets are likely destined for M&A transactions, particularly if... Read More »

Behavioral Health Consolidation Continues

by | Oct 19, 2015 8:59 am | Behavioral Health Care, Private Equity

Late last week came word that Community Intervention Services, a portfolio company formed by H.I.G. Growth Partners, acquired Northstar Psychological Services in Alpharetta, Georgia. Northstar Psychological provides community-based behavioral health services to individuals and families across 38 counties in Georgia. The company employs a clinical staff of more than 90, and provided treatment to more than 2,600 patients in 2014. This is the seventh acquisition for Community Internation Services since its founding in April 2012. Read More »

Major Mideast Hospital Matchup

by | Oct 19, 2015 8:58 am | Hospitals

The largest deal announced last week created the largest private healthcare provider in the United Arab Emirates, which may be why you didn’t hear much about it. The South African private hospital company Mediclinic International Ltd. (OTCQB: MCFFY) won the approval of the board of Al Noor Hospitals Group plc, based in Abu Dhabi, UAE, in a deal valued at $2.3 billion. Al Noor, which provides primary, secondary and tertiary care services through its portfolio of hospitals and medical centers in the UAE, spurned the advances of a crosstown rival NMC Health plc, and went with Mediclinic. Mediclinic shareholders will own a majority stake (84% to 93%) in the combined company, which will... Read More »