Health Care Deal News, April 14, 2014 - As Usual the Pharmaceutical Sector Recorded the Week’s Largest Deal(s), Health Care Deal Volume was Healthy in the First Quarter of 2014, The Typically Quiet Managed Care Sector has Seen a few Deals Announced

 

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April 14, 2014 Issue:

 

Recent Health Care M&A Deals

Managed Care

 

 

Acquirer

Target

Price

Catholic Health Initiatives

QualChoice Holdings, Inc.

N/A

Medical Devices

 

 

Cardinal Health

AccessClosure

$320 million

Pharmaceuticals

 

 

RestorGenex Corporation

Paloma Pharmaceuticals, Inc.

Merger

Mallinckrodt plc

Questcor Pharmaceuticals, Inc.

$5.6 billion

Sun Pharma

Ranbaxy Laboratories Ltd.

$3.3 billion

 

 

Technology Deal of the Week
As usual, the Pharmaceutical sector recorded the week’s largest deal(s). India’s Sun Pharmaceutical Industries Ltd. (BSE: 524715) made an all-stock offer for the troubled generic drug maker Ranbaxy Laboratories Ltd. (BSE: 500359) totaling $3.2 billion, which its Japanese parent Daiichi Sankyo Co. (T: 4568) was happy to accept. Then the Irish-domiciled Mallinckrodt plc (NYSE: MNK) came up with a $5.6 billion cash and stock offer for Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) in Anahiem, California. Questcor is a biopharmaceutical company focused on difficult-to-treat autoimmune and anti-inflammatory disorders, and also provides specialty contract services to the global pharmaceutical industry. Busy week for drug deals........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
Health care deal volume was healthy in the first quarter of 2014, at 232 deals, up 9.4% compared with the first quarter of 2013. Still, that’s not bragging much, because the first quarter of 2013 was pretty dismal for dealmakers. The Technology sector really broke out in this most recent quarter, rising 23.5% compared with a year ago, while the Services side grew by only 0.8% in the same period. For full details, check the April issue of Health Care M&A News.    
 

 

Q1:2014

Sector

Deals

Services

 

Behavioral Health Care

3

Home Health & Hospice

6

Hospitals

12

Labs, MRI & Dialysis

10

Long-Term Care

60

Managed Care

5

Physician Medical Groups

9

Rehabilitation

2

Other

28

Services subtotal

132

Technology

 

Biotechnology

23

eHealth

19

Medical Devices

25

Pharmaceuticals

33

Technology subtotal

100

Grand total

232

Source: Health Care M&A News, April 2014

 

Source: The Health Care M&A News, April 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
The typically quiet Managed Care sector has seen a few deals announced in recent weeks. In early April, Catholic Health Initiatives, the Colorado-based nonprofit, acquired QualChoice Holdings, Inc. of Little Rock, Arkansas, where it also recently acquired St. Vincent Health System. QualChoice is the parent company of QCA Health Plan, Inc. and QualChoice Life and Health Insurance Company, Inc. And last week, Guardian Life Insurance Company of America acquired the dental health insurer Premier Access Insurance Company. No financial terms were disclosed, of course.........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
Spinifex Pharmaceuticals, based in Melbourne, Australia, completed a $45 million Series C financing led by Novo A/S and joined by another new investor, Canaan Partners. Existing investors GBS Venture Partners, Brandon Capital Partners, Uniseed and UniQuest also participated. The new funds will be used to advance Spinifex’s lead candidate, EMA401, to further dose-ranging Phase 2 trials, and hopefully beyond, to Phase 3........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.

 

Aging2.0’s inaugural Global Innovation Summit will be held on May 14, 2014 in San Francisco.
This invite-only event will bring together a select group of long-term care leaders, consumer technology executives, investors and top entrepreneurs from around the world to discuss emerging trends and new models to connect, empower and care for older adults around the world. Space is limited. Latest details will be made available at www.aging2.com/summit. Apply now!

 

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