The Not-For-Profit Health Care M&A Market, 2006

The Not-For-Profit Health Care M&A Market
Five-Year Overview

Annual Research Report
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Editions: First Edition

See samples:
Table of Contents
Preface
Transaction

What you don’t know can hurt you. If you don’t know what’s happening in the not-for-profit health care M&A market, you are missing out on a critical part of the health care economy. Whether you work in a not-for-profit, or consult to one, you need to know who the buyers and sellers are to do the best job for your company.

Introducing The Not-For-Profit Health Care M&A Market: Five-Year Overview. This comprehensive report on the buyers and sellers in not-for-profit health care services guarantees you the title of “expert” in not-for-profit health care M&A at your firm.

If you are buying, selling or advising, this important tool will help you determine the right price. Whether it is a hospital, a nursing home, a retirement community, home health care agency or other not-for-profit you are evaluating, you will have the valuation facts you need to do the job right. With five years of data at your fingertips, you’ll have the pulse of the marketplace.

You simply can’t find this information anywhere else:

3	Detailed transaction sheets on more than 300 not-for-profit health care deals from 2001 through 2005, including buyer, seller, price, location, executive contacts, and more.
3	Special focus sections on the four largest segments: Hospitals Long-term care Home health care Managed Care
3	Statistics on the past five years of deals

Table of Contents - The Not-For-Profit Health Care M&A Market - 2006

Preface

Introduction
Hospitals
Long Term Care
Managed Care
Home Health Care
Laboratories & Dialysis
Other Health Services
Medical Technology

Transaction Summaries
Hospitals
Long Term Care
Managed Care
Home Health Care
Laboratories & Dialysis

Other Health Services
Behavioral Health
Physician Medical Groups
Rehabilitation
Miscellaneous

Medical Technology
Biotechnology
E-Health
Medical Devices
Pharmaceuticals

Index

Preface - The Not-For-Profit Health Care M&A Market - 2006

This is the first edition of The Not-For-Profit Health Care M&A Market: Five-Year Overview, which covers the acquisition of not-for-profit health care service providers, as well as medical technology companies or products owned by not-for profit entities, during the five-year period 2001-2005. This Report provides a compilation of the individual deals that were announced during this period, by sector, and analyzes some of the acquisition trends in the few sectors where there has been sufficient transaction volume.

Following the format of previous years, the transactions were first reported in various Irving Levin Associates companion publications, and as has been our custom, the transactions are tracked based upon the announcement date rather than the closing date. In preparing this Report, we have amended and updated the deals previously reported in our other publications based on information obtained from the media, SEC documents and management interviews. Transactions cancelled after being announced are deleted from the data, which sometimes results in changes in the number of transactions from one period to the next. In addition to the deals reported in the other Irving Levin Associates publications, we have added transactions to this Report which were not available previously, but for which data has subsequently become available.

We hope that the information contained in this Report will assist our readers in making business and investment decisions.

Stephen M. Monroe
Senior Editor

Sanford B. Steever
Editor

Sample Transaction - The Not-For-Profit Health Care M&A Market - 2006

SECTOR: MANAGED CARE

TARGET: ConnectiCare

ACQUIRER: The Carlyle Group

LISTING: Nonprofit
LOCATION: Farmington, Connecticut
UNITS: 267,000 (enrollees)
REVENUE: $636,000,000 (annualized)
NET INCOME: $24,000,000

LISTING: Private
CEO: Frank C. Carlucci
PHONE: 202-347-2626
FAX: 202-347-1818
LOCATION: 1001 Pennsylvania Ave, NW,
Ste 220 South
Washington, DC 20004
WEBSITE: www.thecarlylegroup.com

ConnectiCare is an IPA-model HMO with 267,000 members. For the three months ended March 31, 2001, ConnectiCare earned $5.9 million on revenue of $159 million.

The Carlyle Group and Liberty Partners are two private equity firms. The Carlyle Group is a private global investment firm which originates, structures and acts as lead equity investor in management-led buyouts, strategic minority equity investments and equity private placements, among other financing. As of March 2001, it had over $12.5 billion of capital under management.

ANNOUNCEMENT DATE: May 9, 2001
PRICE: $150,000,000
TERMS: Not disclosed

PRICE PER UNIT: $562
PRICE/REVENUE 0.23
PRICE/NET INCOME: 6.25

The privatization of ConnectiCare is being pursued because the organization feels it needs the financial support to serve members and remain competitive. This conversion is facing opposition from physician groups.