Health Care Deal News, March 25, 2013 – As a Health Care Sector, eHealth is a Robust M&A Segment, Obagi Medical Products, Inc. (NASDAQ: OMPI) Agreed to Merge with Valeant Pharmaceuticals International, Inc


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March 25, 2013 Issue:

Recent Health Care M&A Deals





Cynosure, Inc.

Palomar Medical Technologies

$294 million





Galena Biopharma, Inc.

Abstral (fentanyl) Sublingual Tablets

$15 million

NPS Pharmaceuticals, Inc.

Rights to Teduglutide and Human Parathyroid Hormone 1-84

$50 million

Valeant Pharmaceuticals International Inc.

Obagi Medical Products, Inc.

$360 million






Michigan Multispecialty Physicians


Service Deal of the Week
This is an update to a deal announced last September, when Chicago-based Health Care Service Corporation, the nation’s fourth largest insurer, agreed to buy Blue Cross Blue Shield of Montana for $17.6 million. That price didn’t sit well with the state’s Insurance Commission and finally, HCSC came back with an offer that more than doubled its first one, bringing the purchase total to $40.6 million. Montana State Insurance Commissioner Monica Lindeen is expected to issue a recommendation on the purchase price by April 19….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
As a health care sector, eHealth is a robust M&A segment. Last year we counted 103 announced deals for all manner of healthcare IT products, from apps to EHRs. The 24 deals that came with prices totaled nearly $5.3 billion. This year has gotten off to a busy start, with nearly 20 announced deals. We’ll be looking at the eHealth sector in the April issue of The Health Care M&A Monthly, so stay tuned.
Top 10 eHealth Transactions of 2012




Sunquest Information Systems

Roper Industries


M*Modal Inc.

One Equity Partners


Decision Resources Group

Piramal Healthcare Ltd.


maxIT Healthcare Holdings

SAIC, Inc.


MediConnect Global, Inc.

Verisk Analytics, Inc.


Healthcare Benefit Solutions business

Lightyear Capital LLC


Transcend Services

Nuance Communications, Inc.


Mediware Information Systems

Thoma Bravo


Apollo Health Street

Sutherland Global Services


Liquent, Inc.

PAREXEL International Corp.


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
Technology Deal of the Week
Obagi Medical Products, Inc. (NASDAQ: OMPI), a specialty pharmaceutical company specializing in prescription-strength skin care systems, agreed to merge with Valeant Pharmaceuticals International, Inc. (NYSE: VRX). Valeant will acquire all of the outstanding common stock of Obagi for $19.75 per share in cash, a 42% premium to Obagi’s closing price on Thursday, March 14, 2013. The deal values Obagi at approximately $360 million. Both parties expect the merger to take place in the second quarter of 2013….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
Basis Science announced it has received a new infusion of cash, $11.5 million worth, including funds from author Deepak Chopra, tech analyst and angel investor Esther Dyson. The round was led by Mayfield Fund and joined by DCM and Norwest Venture Partners. Funds will go toward eliminating the current backlog of orders the company has for its wristband tracker, which piled up quickly after Popular Science hailed the wristwatch-cum-biofeedback monitor as the “only tracker worth wearing.” Chopra and Dyson have joined Basis’s board of advisors….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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Deals have been made. The 2013 Health Care Services Acquisition Report contains private deals in this market that are too small to make it into the financial press. Take advantage of our limited 2-for-1 offer – preorder The 2013 Health Care Services Acquisition Report by March 31st and receive The 2012 Health Care Services Acquisition Report FREE ($595 value)! Now that’s a recession resistant deal. Go to or call 800-248-1668 to preorder today!
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