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American Addiction Centers Keeps Growing

by | May 18, 2015 5:51 pm | Other Services

Acadia Healthcare Company (NASDAQ: ACHC), a serial acquirer in the behavioral health care space, is getting some competition. American Addiction Centers, a subsidiary of AAC Holdings, Inc. (NYSE: AAC) announced its sixth acquisition in 2015, following its IPO in October 2014. The most recent acquisition was for The Oxford Centre, Inc., a 76-bed residential facility in Tupelo, Mississippi, for $35 million. According AAC, the center generated revenue of approximately $12.2 million and adjusted EBITDA of approximately $5.6 million for the year ended December 31, 2014. So far this year, Acadia Healthcare has announced just one acquisition, but then, it is still digesting some larger... Read More »

Alexion Bets Big on Rare Diseases

by | May 11, 2015 5:44 pm | Pharmaceuticals

It was another busy week for pharmaceutical deals, but Alexion (NASDAQ: ALXN) took the prize for biggest deal with its $8.4 billion acquisition of Synageva BioPharma Corp., a privately held pharma company specializing in treatments for rare diseases. Alexion touted the fact that Synageva’s pipeline complements its own and the combined company will be one of the most robust rare disease pipelines, with more than 30 diverse pre-clinical programs. The price consists of $115 in cash and 0.6581 ALXN shares for each share of Synageva, implying a total per-share value of $230, based on the nine-day volume-weighted average closing price of Alexion stock through May 5, 2015. Read More »

Busy Year for Billion-Dollar Health Care Deals

by | May 11, 2015 5:35 pm | Other Services, Pharmaceuticals

Last week we noted that April was a slow month for healthcare deals. Then we checked our database, DealSearchOnline.com, and discovered there have been 19 billion-dollar deal announcements already in 2015, through May 8th, with a combined total of $103.6 billion. The total for the entire year is about to top $120 billion, on 487 transactions. That’s not on track to beat 2014, yet. Read More »

Four Deals for Physician Medical Groups

by | May 11, 2015 5:32 pm | Other Services

The first full week of May saw a lot of activity, relatively speaking, in the Physician Medical Group sector. Four deals were announced, and not all by the usual acquirers. TeamHealth Holdings (NYSE: TMH), which took on Princeton Emergency Physicians in New Jersey for an undisclosed price, and IPC Healthcare (NASDAQ: IPCM) acquired Atlantic Hospitalist Group in Macon, Georgia. Eisner Pediatric & Family Center, a 95-year-old integrated community clinic in downtown Los Angeles, announced its acquisition of five physician practices in the surrounding area, three pediatric and two OB/GYN. Late in the week came word that South Shore Hospital in South Weymouth, Massachusetts would acquire... Read More »

Smith & Nephew Gets Some Help in the OR

by | May 11, 2015 5:29 pm | Hospitals

Medical device maker Smith & Nephew plc (NYSE: SNN) acquired two surgical software applications, Virtual BackTable® and TrayTouch®, from privately held S2 Interactive. Both of the applications are used by Syncera, Smith & Nephew’s new orthopedic supply chain model for hospitals and ambulatory surgery centers (ASCs). They allow hospital and ASC administrators to access, analyze and manage real-time data related to instrument use during surgery. Arthroplasty surgery can involve as many as 20 trays holding a total of 200 or more instruments, all of which need to be counted, cleaned, inspected, assembled and sterilized before every surgery. Read More »

Health Care M&A Hits a Wall in April 2015

by | May 4, 2015 4:34 pm | Healthcare Market Updates

It’s still a bit early to call the party over, but health care M&A spending in April had a hangover. Our preliminary data show 94 transactions announced, which is 29% lower than March’s deal volume, but about even with April 2014’s total. The dollars, however, stopped flowing abruptly. We’ve recorded only $3.8 billion in spending last month, a drop of 93% compared with the previous month, and -92% compared with the same month the year before. Check the May issue of Health Care M&A News for the sector-by-sector breakouts. Read More »

St. Joseph’s Finally Says Yes to Trinity Health

by | May 4, 2015 4:29 pm | Hospitals

What began as a strategic affiliation agreement in early 2014 finally blossomed into full commitment. St. Joseph’s Hospital Health Center, a 431-bed acute care hospital in Syracuse, New York, agreed to become part of Trinity Health’s national organization. Trinity already operates in other areas of the state, through Catholic Health in Buffalo and St. Peter’s Health Partners in Albany. Next steps for its latest addition include a transition team. Read More »

Nueterra Buys into Benefit Management

by | May 4, 2015 4:24 pm | Other Services

Privately held Nueterra is the largest U.S. private-sector organization specializing in the development of joint equity partnerships with health systems, governments, hospitals and physicians’ groups. Recently, however, it has shifted its focus to the consumer population, and last week acquired Benefit Management, Inc., which provides customized health benefits administration programs to partially self-insured companies. The goal is to develop pay-for-value models for the new bundled payment system. Tally-ho. Read More »