Now that the mega-mergers of 2015 have been squashed, deal activity in the Managed Care sector could use a shot in the arm. Through mid-July 2017, only 10 deals have been announced in this sector, on par with 2016’s total of 20 deals. At this rate, it’s unlikely that the sector will reach its 2015 peak of 43 deals. Although 2015 […]
Now that managed care giants are blocked from acquiring each other, they may look outside the sector for growth.
As the end of the year approaches, the Managed Care sector hasn’t changed its sluggish pace. Just 20 deals have been announced through mid-December, a 56% drop from 2015’s total of 45 transactions.
WellCare Health Plan (NYSE: WCG) breathed a little life into the lethargic Managed Care sector, which has experienced a lull in M&A this year. WellCare provides government-sponsored managed care services, and its target, Universal American Corp. (NYSE: UAM), provides health insurance and managed care products and services to Medicare and Medicaid customers in the United […]
Aetna (NYSE: AET) and Humana (NYSE: HUM) remain undaunted by the pending litigation from the U.S. Department of Justice, challenging their proposed $37 billion merger. The two companies announced they would sell certain Medicare Advantage (MA) assets to Molina Healthcare (NYSE: MOH) for a total estimated $117 million in cash for both transactions. The price is […]
WellCare Health Plans CEO Ken Burdick plans to double the company’s revenue between 2017 and 2021, beginning with mergers and acquisitions. On February 22, WellCare (NYSE: WCG) made a start on those plans, announcing its acquisition of certain assets of Advicare Corporation, a managed care organization that provides Medicaid benefits in South Carolina. As of […]
The Managed Care sector woke up in 2015 with a spate of mega deals announced in July, following the positive SCOTUS decision in King v. Burwell in late June. While Anthem (NYSE: ANTM) and Aetna (NYSE: AET) got the most press for their multi-billion bids for Cigna (NYSE: CI) and Humana (NYSE: HUM), respectively, others […]
Even in a slow week for health care M&A, two transactions in the Managed Care sector surfaced. They weren’t the mega-mergers announced a few months ago, but they’re a sign this segment is still consolidating, even on the lower end of the scale. On October 8, Nassau Reinsurance Group, which was launched last April and […]
The Providence Service Corporation (NASDAQ: PRSC) last week sold two of its subsidiaries, Providence Human Services, LLC and Providence Community Services, LLC, to Molina Healthcare, Inc. (NYSE: MOH) for a combined $200 million. PHS is one of the largest national providers of outcome-based behavioral and mental health services and operates in 23 states and the District […]
The big buzz in the Managed Care sector is the $37 billion bid from Aetna (NYSE: AET) for Humana Inc. (NYSE: HUM), of course. While that deal is lauded for the Medicare assets it brings to Aetna, Molina Healthcare (NYSE: MOH) continues to beef up on Medicaid assets. Last week it announced two deals, one […]