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The Old Irish Shuffle Play

by | Jun 15, 2015 7:42 pm | Laboratories, MRI & Dialysis, Pharmaceuticals

A bit of financial wheeling and dealing occurred last week, as Altan Pharma Limited, a privately held pharmaceutical company based in Dublin, Ireland, announced its acquisition of Madrid-based GES Group, which is comprised of GES Genéricos Españoles Laboratorio; Genfarma Laboratorio, S.L. and Biomendi, S.A.U. The price was €87.5 million ($98.3 million, approximately). What the announcement left out was that, on the same day, Dublin-based Malin plc invested €34.5 million ($38.9 million, approximately) to gain a 65% equity stake in Altan Pharma. While Altan is a central player to these transactions, it lacks a website, as well as a corporate address. But now it owns GES Group, which... Read More »

OPKO Health Buys Bio-Reference Labs

by | Jun 8, 2015 7:36 pm | Laboratories, MRI & Dialysis

OPKO Health (NYSE: OPK) may have posted a net loss of $244 million on a trailing 12-month basis, but it had the wherewithal to buy Bio-Reference Laboratories (NASDAQ: BRLI), one of the largest full-service diagnostic laboratories in the world. Bio-Reference provides clinical testing services to physician offices, clinics, hospitals, long-term care facilities and employers in more than 50 countries. OPKO plans to leverage the company’s the national marketing, sales and distribution resources to boost sales of its 4Kscore test, a blood test that evaluates a patient’s risk for aggressive prostate cancer. Under terms of the deal, BRLI stockholders will receive 2.75 shares of OPKO common... Read More »

May 2015 Health Care M&A vs. May 2014

by | Jun 8, 2015 7:33 pm | Biotechnology, Other Services

Health care deals were fairly strong in the early weeks of May 2015, but deal makers seemed to take a vacation around the Memorial Day weekend, and didn’t get back to work until the first week in June. Here’s how May 2015 transactions compare with the same month the year before, when M&A was booming through the second quarter. The difference isn’t dramatic, but so far in Q2:15, we’ve counted approximately 228 transactions, compared with 325 in Q2:14. Stay tuned. Read More »

Acadia Healthcare Is Still on the Acquisition Trail

by | Jun 8, 2015 7:26 pm | Behavioral Health Care, Hospitals

Acadia Healthcare (NASDAQ: ACHC) made its second acquisition of 2015 last week, adding three more facilities to its growing list of inpatient behavioral health care assets. Two of its targets are in the United Kingdom, where last year it picked up Partnerships in Care, the second-largest independent behavioral health care provider, for $662 million. This year Acadia acquired Care UK, which operates 15 inpatient facilities with approximately 300 beds, and Choice Lifestyles, a single facility with 42 beds. The third property is Belmont Behavioral Health, a 147-bed inpatient facility that was part of the not-for-profit Einstein Healthcare Network outside Philadelphia, Pennsylvania. The... Read More »

McKesson Sells its Care Management Business

by | Jun 8, 2015 7:23 pm | Other Services

McKesson Corporation (NYSE: MCK) is divesting its Care Management business, which will be renamed AxisPoint Health. Its offerings include complex and chronic case management services to payers and other risk-bearing entities through a network of nurses and clinicians in 24 states. The buyers are Comvest Partners and Mosaic Health. Financial terms were not disclosed. Read More »

NextCare Urgent Care Expands in Arizona

by | Jun 1, 2015 7:10 pm | Other Services

NextCare Holdings Inc., already the country’s largest privately held urgent care provider, grew even more last week with the acquisition of three urgent care facilities in its home state of Arizona. The newest additions are two Troyer Urgent Care centers in Flagstaff and Lake Havasu City, and Chino Valley Medical Center in Chino Valley. They bring the company’s total to 35 locations within the state, and extend its services to more than 90% of the state’s population. The Chino Valley center will also provide primary care services. Financial terms were not disclosed. Read More »

Five Biggest Healthcare Deals in May 2015

by | Jun 1, 2015 7:06 pm | Pharmaceuticals

The last week of May slowed to a crawl as far as announced health care transactions, but preliminary totals for deal volume and value indicate that May 2015 wasn’t too shabby. As of May 29, we counted 101 healthcare transactions, with a combined total of $32.4 billion. A year ago, there were 109 M&A announcements, for a total of $27.5 billion. We’ll go into detail in the June issue of Health Care M&A News, so watch for the publication announcement later this week.  Read More »

The Only Pharma Deal Announced Last Week

by | Jun 1, 2015 6:56 pm | Pharmaceuticals

You know it’s a quiet week for healthcare M&A when only one pharmaceutical deal is announced. Last week, Tanner Pharmaceuticals, a portfolio company of Bourne Partners, paid an undisclosed sum for specialty pharma company BurnsAdler Pharmaceuticals. Both companies are based in Charlotte, North Carolina. The two have merged to form Tanner Pharma Group, which includes Tanner Clinical Trial Sourcing, Tanner Global Access Programmes, and Tanner Licensing, Acquisition and Commercialisation. Although the company is headquartered in the United States, it has offices in London, Sao Paulo and Mexico City.   Read More »