Health Care Deal News, July 7,2014 - CooperVision Buys Sauflon Pharmaceuticals, June Healthcare M&A Results, Ampersand Capital Exits ViraCor-IBT Labs, Cidara Therapeutics Completes Series A Financing

 

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July 7, 2014 Issue:

 

Recent Health Care M&A Deals
Managed Care
 
 
Acquirer
Target
Price
N/A
Medical Devices
   
$600 million
$375 million
Pharmaceuticals
   
$1 million
$333.3 million                              

 

Health Care Deal News Premium Edition

 

The Eyes Have It for CooperVision
The Cooper Companies, Inc. (NYSE: COO) last week announced it will pay $1.2 billion for Sauflon Pharmaceuticals Ltd., the privately owned British soft contact lens and solutions maker. It will be combined with its CooperVision business unit, which can now offer a multi-tier daily strategy for contacts wearers. Sauflon has three manufacturing plants, sales offices in more than 10 countries, and products sold in more than 50 countries............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.

 

Health Care M&A Picks Up in June
Summer has just begun, but June was a hot month for health care mergers and acquisitions. Total deal volume now stands at 106 transactions, with a combined total of $51.3 billion. The services sector slowed slightly, but the technology sectors took off. We’re comparing last month’s preliminary results with solid data from a year ago, so more deals could be added to the June 2014 total.  
 

Deal Volume by Sector, June 2014 vs. June 2013

 

 

June_2014

June_2013

Sector

Deals

Deals

Change

Services

   

 

Behavioral Health Care

2

2

0%

Home Health & Hospice

3

3

0%

Hospitals

3

7

-57%

Labs, MRI & Dialysis

3

4

-25%

Long-Term Care

26

29

-10%

Managed Care

3

0

--

Physician Medical Groups

6

6

0%

Rehabilitation

3

2

50%

Other

13

11

18%

Services subtotal

62

64

-3%

Technology

   

 

Biotechnology

10

4

150%

eHealth

10

5

100%

Medical Devices

10

11

-9%

Pharmaceuticals

14

15

-7%

Technology subtotal

44

35

26%

Grand total

106

99

7%

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

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ViraCor-IBT Laboratories Changes Hands
Ampersand Capital Partners completed the sale of majority owned portfolio company ViraCor-IBT Laboratories (VIBT) to Eurofins Scientific for $255 million. VIBT is a specialty testing laboratory that was created by Ampersand in 2009 through the merger of two independent labs in the Kansas City area..........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.

 

Cidara Therapeutics Raises $32 Million Series A Financing
San Diego-based Cidara Therapeutics, Inc. is now able to advance candidates from its CloudBreak™ targeted immunotherapy platform and biafungin™, a novel long-acting echinocandin antifungal drug, into human clinical studies. The announcement came as a result of its successful $32 million Series A financing round, led by 5AM Ventures, Aisling Capital, Frazier Healthcare and InterWest Partners, as well as select institutional cross over investors.........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.

 

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