Health Care Deal News, February 24, 2014 - This one may Turn out to be the Deal of the Year Measured by Acquisition Price, Blue Cross of Northeastern Pennsylvania and Highmark, Inc. Have Signed a Definitive Agreement to Merge

 

Brought to you by www.DealSearchOnline.com
 

February 24, 2014 Issue:

 

Recent Health Care M&A Deals

E-Health

 

 

Acquirer

Target

Price

Optum

Audax Health Solutions, Inc.

N/A

Hospitals

 

 

Franciscan Missionaries of

Our Lady Health System

LSU Bogalusa Medical Center

Merger

Physicians Realty Trust

Texas Surgical Hospital

$18.9 million

TPG and Fosun Pharma

Chindex

$369 million

Laboratories, MRI and Dialysis

 

 

National Dentex Corporation

nSequence

N/A

 

Technology Deal of the Week
This one may turn out to be the deal of the year—maybe the last few years—measured by acquisition price. Actavis plc (NYSE: ACT), now based in Dublin, agreed to acquire Forest Laboratories Inc. (NYSE: FRX) in a cash-and-stock deal worth approximately $25 billion. The deal values Forest at $89.48 per share, a 25% premium to the close on February 14. The breakdown equates to $26.04 in cash and 0.3306 Actavis shares for each share of Forest. Actavis has been a very active M&A player in the last 12 months. In January, the company sold its generics commercial operations in Western Europe to Indian API manufacturer Aurobindo Pharma, Ltd. (BSE: AUROBINDOP.BO) for an undisclosed price. Its largest purchase last year was Irish drug company Warner Chilcott plc (NASDAQ: WCRX) for $8.5 billion, of course, but it also bought various geographical rights to three drugs: metronidazole vaginal gel (from Valeant Pharmaceuticals International [NYSE: VRX]); albaconazole antifungal agent (from Palau Pharma, S.A.; and the LNG20 intrauterine device from Medicines360......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
We’re pulling together data for the 20th edition of The Health Care Services Acquisition Report, covering mergers and acquisitions on the services side. The Hospital sector had a banner year in 2013, if you exclude the deal volume. Thanks to the two transactions involving publicly traded hospital chains, the Tenet Healthcare/Vanguard deal and Community Health Systems/Health Management Associates, the dollar volume, number of hospitals and price-per-bed set new records. (You’ll have to check out next month’s Health Care M&A News for the details.)

 

Announced Hospital Transactions, 2009 to 2013

Year

Deal Volume

Deal Value

Hospitals

2013

87

$19,001,720,000

330

2012

110

$2,273,017,010

247

2011

93

$8,305,060,000

156

2010

76

$10,515,632,477

125

2009

52

$2,088,600,000

80

Source: The Health Care M&A News, February 2014

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

 

Services Deal of the Week
Blue Cross of Northeastern Pennsylvania and Highmark, Inc. have signed a definitive agreement to merge, which is now pending approval from the Pennsylvania Insurance Department. Under terms of the merger agreement, Wilkes-Barre-based BCNEPA’s local operations will be merged with Highmark, and Highmark will become the Blue Cross and Blue Shield Association affiliate for BSNEPA’s 13-county service area. If successful, the two not-for-profits will provide health insurance plans to nearly 5 million members in 62 of the 67 counties in Pennsylvania. Highmark also operates pans in Delaware and West Virginia, and more than 620 optical retail stores, known as Visionworks, and five eyewear manufacturing facilities......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
Only one year in, a mobile app that tracks women’s fertility cycles scored some major backing recently. Berlin-based Clue, the name of the company and the app, announced it had received €500,000 (approximately $680,000) seed funding led by the Swiss entrepreneur Christophe Maire, Joanne Wilson (aka Gotham Gal), Luminary Labs and existing investor Thomas Madsen-Mygdal. The capital will be used to build a team and improve the product, as well as adapt the app to local markets..... 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.

 

Join the best of the Midwest at MidAmerica

MidAmerica Healthcare Venture Forum, held April 22-23, 2014 in Chicago, is the best place to learn about opportunities to invest in the thriving technology and innovation community that characterizes the Midwest. This important conference unites active investors with corporate business development executives to facilitate investment opportunities with promising Mid-America based start-ups.

You will have the chance to hear from and interact with leading healthcare experts and startup companies spanning the medical device, diagnostics, health IT, regenerative medicine, agri-health, and biopharmaceuticals sectors.

Save $400 (35%) off the registration fee now with our partner code LEVIN. Find out more about the event and register here.

This event is produced through the collaborative efforts of MedCityNews.com and the Mid-America Healthcare Investors Network (MHIN), making MidAmerica Healthcare Venture Forum the destination healthcare investing conference in the Midwest. You won’t want to miss it.
 

 

National Healthcare CXO Summit, May 18-20, 2014, Eau Palm Beach Resort & Spa, Palm Beach, FL

The National Healthcare CXO Summit is the premium forum bringing senior level healthcare executives and solution providers together.  The Summit offers an intimate environment for a focused discussion of key new drivers shaping the healthcare industry.


To gain a view at the event brochure, click here:

http://www.nhcxosummit.com/NationalHealthcareCXO_HCDN
 

For information regarding speaking, sponsoring & attending, please contact Laurel Zevitz at l.zevitz@marcusevansch.com

 

Around the Web in Health Care M&A...Click here to see more

 
Webcast Calendar...Click here to see more

 

Upcoming Conference Partnerships... Click here to see more