Health Care Deal News, January 20, 2014 - Deal-making Hasn’t Abated in the The Carlyle Group, December Deal-making is Often Viewed as Being as Hectic, Venture Capital in Medical Device Companies all but Dried up Last Year

 

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January 20, 2014 Issue:

 

Recent Health Care M&A Deals

Medical Devices

 

 

Acquirer

Target

Price

The Carlyle Group

Ortho-Clinical Diagnostics

$4.15 billion

Pharmaceuticals

 

 

Grupo Biotoscana SL

United Medical

N/A

Jazz Pharmaceuticals plc

Rights to ADX-N05

$125 million

Roche

Rights to LNA drugs

$10 million

Physician Medical Groups

 

 

Davita

Praxi mit Nähe

N/A

 

Technology Deal of the Week
Deal-making hasn’t abated in the The Carlyle Group (NASDAQ: CG) pays $4.15 billion for Johnson & Johnson’s (NYSE: JNJ) Ortho-Clinical Diagnostics (OCD) business, which operates in 130 countries. OCD is a global provider of solutions for screening, diagnosing, monitoring and confirming diseases. Equity for the transaction comes for Carlyle Partners VI, a $13 billion buyout fund that completed fundraising last November with 269 investors from 43 countries. Barclays and Goldman Sachs are acting as financial advisors to CG, and Latham & Watkins LLP is acting as legal advisor......Want to read more news? Click here for a free trial to The Health Care M&A Information Source and download the current issue today.

 

Charted Territory
December deal-making is often viewed as being as hectic as a shopping mall on Christmas Eve. But December 2013’s health care M&A results were something of a snoozer, compared with the year before.  Overall deal volume dropped 21% compared with December 2012. Although the Technology sector—and Pharmaceuticals in particular—had a better month in 2013 (up 24% compared with Dec. 2012), deals in the Services sector cratered (down 45%). We’re still gathering our annual numbers, so stay tuned. 


Deal Volume by Sector, December 2013 vs. December 2012

 

12/2013

12/2012

 

 

Sector

Deals

Deals

Change

 

Services

 

 

 

 

Behavioral Health Care

1

0

100.0%

 

Home Health & Hospice

2

3

-33.3%

 

Hospitals

4

10

-60.0%

 

Labs, MRI & Dialysis

1

3

-66.7%

 

Long-Term Care

21

30

-30.0%

 

Managed Care

1

0

100.0%

 

Physician Medical Groups

3

9

-66.7%

 

Rehabilitation

3

3

0.0%

 

Other

3

13

-76.9%

 

Services subtotal

39

71

-45.1%

 

Technology

 

 

 

 

Biotechnology

9

12

-25.0%

 

eHealth

5

7

-28.6%

 

Medical Devices

10

10

0.0%

 

Pharmaceuticals

22

8

175.0%

 

Technology subtotal

46

37

24.3%

 

Grand total

85

108

-21.3%

 

Source: Health Care M&A News, January 2014

 

 

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Services Deal of the Week
Capella Healthcare is selling Grandview Medical Center, a 70-bed hospital that serves five counties across Alabama, Georgia and Tennessee, to TriStar Health, a division of HCA (NYSE: HCA). The hospital will become part of the Parkridge Health System, which will grow to five facilities in the Chattanooga, Tennessee market. The transaction is expected to close in the first quarter of 2014. Terms of the deal were not disclosed.......Want to read more news? Click here for a free trial to The Health Care M&A Information Source and download the current issue today.

 

In the Pipeline
Venture capital in medical device companies all but dried up last year, and some analysts predict the dearth of innovations will not be felt for another few years. So it was good news to hear that Ivantis, which developed the novel Hydrus® Microstent device that lowers eye pressure for glaucoma patients, announced it had received an additional $14 million in Series B funding, bringing the total to $46.5 million. The round includes new investors Ascension Ventures, Vertex Ventures, GBS Ventures, EDBI, and MemorialCare Innovation Fund, as well as returning investors NEA and Delphi Ventures....... Want to read more news? Click here for a free trial to The Health Care M&A Information Source and download the current issue today.

 

Make your mark in corporate venturing this year at CVIP2014 on Feb. 10 – 12 in Newport Beach, CA

With less than a month until this regal event, there’s no time like the present to reserve your place among the top industry professionals and coveted thought leaders in the world of corporate venturing.

 

Don’t miss insights from these key players as we enter 2014:

George Whitesides, CEO & President – Virgin Galactic

Jamie McGurk, Partner Andreesen Horowitz

Sue Siegel, CEO – GE Ventures & healthymagination

 

Join us at the 16th Annual Corporate Venturing and Innovation Partnering Conference taking place on February 10-12, 2014 at The Island Hotel in Newport Beach, California!
For more details visit:
www.cvip2014.com

 

The Corporate Venturing and Innovation Partnering Conference offers corporate investors and business development executives a unique peer-to-peer opportunity to hear cutting-edge strategies, including insights on how corporate venturing programs are structured and best practices for gaining a competitive advantage through corporate venturing.

 

Upcoming Interactive Webcast:
Build or Join an ACO—Don’t Let The Opportunity Pass You By!
Thursday, January 23, 2014, 1:00 pm ET

A year ago, the Affordable Care Act directed doctors, hospitals, and other health-care providers—including long-term-care facilities—to coordinate care provided to Medicare patients through Accountable Care Organizations (ACOs). Timing can be tricky—urgent for post-acute care providers—and appropriate contracts are crucial. Go to http://www.levinassociates.com/conferences/1401-online-conference or call 800-248-1668 to register.

 

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