• CRO M&A Market in 2020 (So Far)

    There haven’t been many deals targeting contract research organizations (CRO) in 2020, especially compared to previous years, which makes sense. Life science companies are all slowing down clinical trials (COVID-19 vaccine research excluded) to adhere to social distancing guidelines, meaning CRO services are just not in as high demand. For... Read More »
  • Ophthalmology Groups Are Still Selling

    Despite the effects of COVID-19 on physician groups, investors are still acquiring ophthalmology groups, especially in the third quarter, according to DSO. Just last week, EyeSouth Partners acquired Retina Associates of Middle Georgia (RAMG) for an undisclosed sum. Based in Macon, Georgia, RAMG provides treatment for the retina, macula, and... Read More »
  • Hospice M&A Activity Surges in 2020

    Despite the volatile market conditions for healthcare M&A, hospice targets have remained a remarkably consistent draw for investors, according to data captured in DSO. In the second quarter of 2020, 70% of HH&H transactions were for hospice specific targets, or targets that provided only hospice services, instead of a mix of hospice and... Read More »
  • Teladoc Health and Livongo Health Merge

    The virtual care giant Teladoc Health, Inc. (NYSE: TDOC) is having a wild year. The company’s second-quarter earnings reports showed Teladoc’s year-over-year revenues surged by 85% to $241 million, and its total telehealth visits rose to 2.8 million, a year-over-year increase of 203%, all thanks to the effects of COVD-19. And now,... Read More »
  • Health Care M&A Deals, August 7, 2020

    The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our Deal Search Online database, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. The largest deal of the week was... Read More »

Big Names Are Buying Up Doc Groups

This has been a busy year in the physician medical group sector. Twenty-two deals have been announced through the first week in April. Four of those deals were announced, quite literally, in the first week of April. Premier Health, a health system based in Dayton, Ohio, made its fifth acquisition of a health care practice in the past six months. Upper Valley ENT, a two-physician practice in Troy, will join Premier HealthNet, the specialty physician group that is part of the health system. The group now has more than 150 physicians in southwest Ohio. Right in Premier Health’s backyard, TeamHealth Holdings (NYSE: TMH) acquired Children’s Emergency Services, which provides... Read More »

Team Health Closes on IPC Healthcare Acquisition

It’s official. On November 23rd, Team Health Holdings (NSE: TMH) completed its $1.6 billion acquisition of IPC Healthcare, Inc. (formerly NASDAQ: IPCM), a national acute hospitalist and post-acute provider organization. The combination creates a national physician services organization that will serve approximately 2,000 post-acute facilities across 28 states. As a result of the completion of the transaction, IPC’s common stock ceased trading on the NASDAQ exchange. Up until the last minute, IPC was still acquiring physician medical groups. On November 13, it announced a deal for Amity Health, LLC, a post-acute practice in Wichita, Kansas and on November 19, it added Heartland... Read More »

Health Care M&A in Q4:15

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 »

Team Health Pays $1.6 Billion for Hospitalists

The $1.6 billion acquisition of IPC Healthcare (NASDAQ: IPCM) by Team Health Holdings (NYSE: TMH), announced last week, was just the latest—and, yes, the biggest—in a stream of transactions targeting physician medical groups. The deal vaults Team Health to a leading position in the increasingly strategic post-acute setting, and effectively positions the company to capitalize on CMS’ migration to value-based, bundled payments, with the combined companies set to manage some $2 billion in Medicare spending. The risk, of course, is that the company will depend on government payors for more than half of their patients, and self-pay patients for another 15% of reimbursement. And with hospital... Read More »