Health Care Deal News, January 12, 2015 - Q4:14 Health Care M&A Bests Q3:14

 

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Week ending January 9, 2015: 

 

Recent Health Care M&A Deals

Acquirer

Target Price
Hospitals    

Center Management Group, LLC

AdminiSource Communications, Inc. $35 million
Varian Medical Systems MeVis Medical Solutions AG $36.8 million
HTC Global Services CareTech Solutions, Inc.
 
N/A
GI Partners Logibec, Inc. N/A
Hospitals    
Center Management Group, LLC

Saint Francis Care

Merger

 

 

Philips Ups Its Bet on Medical Devices by $1.2 Billion  

Philips (NYSE: PHG) put some money behind its decision to go from a consumer electronics and lighting company to one with a major focus on health care. The Dutch corporation agreed to pay $1.2 billion for California-based Volcano Corporation (NASDAQ: VOLC), which develops, makes and markets a suite of catheter-based, precision-guided therapy tools worldwide. The all-cash offer represents $18 per share of Volcano, a premium of 57% to its prior-day closing price, and 3.04x revenue. Its products complement Philips’ own image-guided therapy business, which it’s built in recent years through investments in R&D, partnerships and technology licenses.  

 

The Year That Was

If 2014 started out slowly, the second and third quarters certainly made up for it. Through December 19, we've captured 1,208 deals across 13 health care sectors. That's 17% better than last year, which actually was down a bit (7%) from 2012's combined total of 1,114 deals. Spending on those deals was, er, quite robust. In the same period, acquirers have committed more than $386 billion, which is up 136% from last year's total of $163 billion. Here's how the year looks versus 2013, and we'll be back in January with an update.

 

Health Care M&A in 2014* and 2013, by Transactions

Sector

2014 Deals

2013 Deals

Change

Behavioral Health 19 18  6%
Biotechnology 126  84 50%
eHealth 112 68 65%
Home Health & Hospice 58 65 -11%
Hospitals 72 84 -14%
Labs, MRI & Dialysis 32 36 -11%
Long-Term Care 278 225 24%
Managed Care 21 15 40%
Medical Devices  107 103 4%
Pharmaceuticals 185 150 23%
Physician Medical Groups 57 65 -12%
Rehabilitation  19 17 12%
Other Services 122 105 16%

* thru Dec. 19. Source: The Health Care M&A Information Source, December 19, 2014

 

 

U.S. HealthWorks Builds Its Orange County Practices

U.S. HealthWorks, a division of not-for-profit Dignity Health, bought three more occupational/urgent care clinics in Orange County, California. The deal for Tustin Irvine Medical Group brings its total locations in OC to eight centers, and a total of 73 centers and worksites throughout California. U.S. HealthWorks runs 222 occupational healthcare and urgent care centers and worksites in 19 states. 

 

Hercules Backs ADMA Biologics

ADMA Biologics, Inc. (NASDAQ: ADMA), a late-stage biopharmaceutical company that develops, manufactures and intends to market specialty plasma-based biologics to treat infectious diseases, received a $5 million tranche from Hercules Technology Growth Capital, Inc. (NYSE: HTGC). The investment was based upon ADMA achieving clinical endpoints of a Phase 3 clinical study of RI-002 as a treatment for primary immunodeficiency disease. .............Click here for a free trial to The Health Care M&A Information Source and download the current issue today.

 

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Center Management Group, LLC