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Deal Search Online Glossary of Terms


Glossary of Terms

Term Definition
Acquirer Acquirer is the corporate entity that is purchasing another entity (Target) or the dominant or surviving entity subsequent to a merger. In instances where the dominant party to the acquisition cannot be easily determined, the largest entity is categorized as the Acquirer. In limiting a search criteria, specify the exact name of the acquirer or a partial name. Do not type in "Corp.","Inc.", or "Co." at the end of the name.
Address of the Acquirer  Address of the acquirer or surviving entity includes the street, city, state, and zip code. In a Custom Transaction Report, the subscriber is charged only for a single field.
 
Announcement Date Announcement Date is the date the transaction is announced. The terms and consideration are as of the announcement date. Any information subsequent to the announcement is included in the comments section. Such subsequent events may include renegotiations of terms, closing dates or termination.
Behavioral Health Care
(database sector)
Behavioral Health Care includes providers engaged in behavioral, psychiatric services, mental retardation, developmental disability programs, and drug and substance abuse programs. Providers also include hospitals as well as programs on an outpatient basis.
Biotechnology
(database sector)
Biotechnology companies include businesses involved in the use of cellular and molecular processes to solve problems or make products. The sector includes companies in functional genomics, proteomics, cancer treatment, stem cell facilities, vaccine companies and drug discovery.
CEO of the Acquirer CEO is the chief executive officer of the acquirer or the surviving entity. 
Comments The comments section includes background, additional details of the transaction and strategic objectives of the transaction whenever possible.
Description The description fields of both the Target and Acquirer include a discussion of the business lines and the revenues and net income (when available).
EBITDA Earnings Before Interest, Taxes, Depreciation, Amortization. An approximate measure of a company's operating cash flow based on data from the company's income statement. Calculated by looking at earnings before the deduction of interest expenses, taxes, depreciation, and amortization. Sometimes called operational cash flow or net operating income.
EBITDAR Earnings Before Interest, Taxes, Depreciation, Amortization and Rent
E-Health
(database sector)
E-health companies provide internet-related services, ranging from ASPs to coding businesses. The companies include portals, URLs and online medical record storage systems, among others.
Fax Number Fax number of the Acquirer.
Home Health Care
(database sector)
Home health care includes general home health care, home respiratory, home infusion and home nursing service companies. Hospice is included in the "Other" database sector. 
Hospitals (database sector) Hospitals range from acute care to specialty hospitals and multihospital systems to free-standing facilities. Hospitals specializing in long-term rehabilitation or psychiatric are found in those sectors. The unit of measurement is number of beds in service.
Income Net income is calculated based upon Generally Accepted Accounting Principles. Generally, net income is after interest, amortization, depreciation, other non-cash items and taxes. When earnings before interest, taxes, depreciation and amortization is available, it will be so noted.
Laboratories, MRI and Dialysis
(database sector)
Laboratories, MRI and dialysis centers are combined into one sector in the health care services database. This category includes entities specializing in outpatient laboratory treatment and diagnostic services.
Listing For publicly traded companies, listing includes the name of the exchange and the ticker symbol. For example, NYSE: MUL. Additional categories under listing include private and nonprofit.
Location of Target The search can be limited to the following US State, Country or Province of the Target. The location selection has a pop down menu and also a field to search for other areas of the world.  The default is all locations.
Long-term Care
(database sector)
Long-term Care includes the complete spectrum of senior care including retirement, assisted, nursing and sub-acute care. The unit of measurement is number of beds. The search can be limited by using the reference selection in Question 2. For example, if the search should be limited to Targets that include sub acute care services, insert "sub-acute" in the word search and the selection will be limited to those entities where sub acute has been referenced in the description of the target.
Managed Care
(database sector)
Managed Care Organizations include a variety of health care payors, including HMOs and PPOs. Health plans targeting managed dental and vision care plans may also be found here. The unit of measurement is number of enrollees.
Medical Devices
(database sector)
Medical Device companies are engaged in the research, design, manufacture and distribution of a wide variety of devices used in medical diagnostics and therapies. The businesses include manufacturers of anesthesia products, orthopedic goods, dental devices, wound closure systems and microsurgery equipment, among others.
Other
(database sector)
Other is one of the sectors in the health care services database and includes all businesses that can not be classified in the other category sectors. The businesses among others include institutional pharmacies, dental care practices, outpatient surgery centers, ambulances and disease management companies.
Pharmaceuticals
(database sector)
Pharmaceutical companies are engaged in the discovery, development, manufacture and marketing of drugs used in human therapeutics. The companies include OTC/generic pharmaceuticals, as well as specific preparations involving analgesics, steroids and cancer drug, among others.
Phone Phone number of the acquirer or the surviving entity is available. 
Physician Medical Groups
(database sector)
Physician Medical Groups include practices for primary care, multi-specialty and single specialty practices as well as Practice Management Companies. Single specialties include oncology, pediatrics, radiology, obstetrics and gynecology, ophthalmology, pulmonary and rheumatology. The unit of measurement is number of physicians. For example, if the search should be limited to Targets that include a cardiology specialty, insert "cardiology" in the reference selection in Question 2 and it will be limited to those entities where cardiology has been referenced in the description of the target.
Price Price is defined as the total consideration for the transaction which may include cash, stock, debt assumption and earn-out provisions. Stock is generally valued at the market price one day prior to announcement and debt at face value. Many private entities choose not to publicly disclose the price. Whenever possible, an estimate of the price is made. To eliminate transactions without prices or to select in a specific price range, put a dollar amount in the fields. 
Price/Income Price/Income is defined as total consideration divided by Income.
Price/Revenue Price/Revenue is defined as total consideration divided by revenue.
Price/Unit
 
Price/Unit is defined as total consideration divided by the appropriate units of measurement. Units of measurement include the number of enrollees, beds or physicians.
Reference Search
 
A reference search is an option to further limit the search criteria or identify a unique descriptor. In Question 2, the engine searches the description of the Target for any reference to the specified word.
Rehabilitation
(database sector)
Rehabilitation transactions include rehabilitation hospitals, outpatient rehabilitation centers, contract rehabilitation businesses and orthotics/prosthetics practices.
Report - Detailed
This is a report on individual health care transactions that include all data fields.
Revenue
 
 
Revenue is calculated based upon Generally Accepted Accounting Principles. Generally, revenue is after contractual allowances and other adjustments, vacancy factor and includes other reoccurring revenues. To eliminate transactions without revenues or to select in a specific revenue range, put a dollar amount in the fields.
Sector
There are thirteen sectors in the health care database.  These sectors include: behavioral health, biotechnology, e-health, home health care, hospitals, laboratories, MRI and dialysis, long-term care, managed care, medical devices, pharmaceuticals, physician medical groups, rehabilitation and other.
 
Target
Target is the corporate entity that is purchased by another entity (Acquirer) or the non-surviving entity subsequent to a merger. In instances where the target to the acquisition can not be easily determined, the smallest entity is categorized as the Target. In limiting a search criteria, specify the exact name of the Target or a partial name. Do not type in "Corp.","Inc.", or "Co." at the end of the name.
Terms
Terms of transaction include a discussion of the amount and type of consideration.
Unit or Units
Most of the sectors are tracked based upon the appropriate unit of measurement. Units of measurement are an indication of the size and are used in the calculation of price per unit. Units of measurement include number of enrollees, beds or physicians. The following segments can be searched on number of units: Managed Care, Hospitals, Long-Term Care, Physician Medical Groups, Behavioral Health Care and Rehabilitation.
Website Website of the Acquirer.