Brought to you by www.DealSearchOnline.com
October 28, 2013 Issue:
Recent Health Care M&A Deals
OSF Healthcare System
Sabra Health Care REIT, Inc.
Forest Park Medical Center
Laboratories, MRI and Dialysis
Trinity Biotech plc
Lab 21 Ltd
Rights to Diabetes Products
Rights to Levosimendan
Technology Deal of the Week
The largest deal on the technology side of health care wasn’t for a drug, but the royalty rights to several drugs. Deopmed (NASDAQ: DEPO) sold the rights to its royalties and milestone payments on sales of its Type 2 diabetes products, all manufactured by other pharma companies. The new royalty recipient is PDL BioPharma, Inc. (NASDAQ: PDLI), formerly known as Protein Design Labs, Inc., which paid $240 million for a piece of the action on Glumetza, Janumet XR, Invokana and others. The rise in Type 2 diabetes diagnoses could pay off for PDL….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.
Our third quarter M&A results are in—or out, actually. Deal making activity picked up in the third quarter of 2013, compared with the previous quarter. Deal volume was up nearly 16% versus the previous quarter, with 267 deals announced. This year’s third quarter also outperformed the same quarter a year ago, up almost 20%. However, deal value was down slightly compared with Q2:13. The preliminary total for M&A activity in the third quarter is $50.8 billion, down 4.2% compared with the $53.0 billion spent in Q2:13. Deal value actually grew by 35.1% compared with Q3:12, which was the pin that popped the 2012 M&A balloon. The full Health Care M&A Report, Third Quarter 2013 will be out shortly.
Deal Volume by Sector, Q3:13 vs. Q2:13 and Q3:12
Behavioral Health Care
Home Health and Hospice
Laboratories, MRI and Dialysis
Physician Medical Groups
Source: Health Care M&A News, October 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
Services Deal of the Week
The largest deal in the health care services sector landed squarely in the “Other” category, since it involved wholesale and retail pharmacies. McKesson Corporation (NYSE: MCK) announced it would pay $8.3 billion for the German pharmacy retailer Celesio AG (XETRA: CLS1.DE), including assumption of debt. McKesson agreed to pay €23 per share for the 50.01% stake in Celesio owned by Franz Haniel & Cie. GmbH, as well as for all outstanding shares. The combined group expects to have annual revenues of more than $150 billion….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
NextCODE Health of Cambridge, Massachusetts secured the exclusive license to a technology developed by deCODE genetics, which speeds up the process of diagnosing genetic diseases through the use of sequence data. NextCODE also secured $15 million in Series A financing from Polaris Partners and ARCH Venture Partners, which will go toward rapidly scaling its genomics services into clinical settings. The license grants five years of exclusivity, so NextCODE had better hurry. 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.
mHealth Summit – Technology, Business, Research and Policy, December 8-11, 2013
Innovation and entrepreneurship will take center stage at the 2013 mHealth Summit, the largest global conference and expo focused on the intersection of mobile/wireless and healthcare delivery. The Venture+ Forum at the mHealth Summit, presented by HIMSS Media, is a must-attend event for VCs, investors, entrepreneurs and startups.
Taking place near Washington DC on December 8th, the Venture+ Forum will showcase transformative health information technology and explore investment opportunities to bring healthcare innovations to market. The event will spotlight new and emerging mobile health companies, showcase diverse funding sources and offer opportunities for networking with several hundred innovators and investors in mobile health and health IT. The hottest early stage and startup companies will be on hand to pitch and demo products, services, and solutions and exhibit within the Innovation Zone on the exhibit hall floor of the mHealth Summit.
Free Trial to The Health Care M&A Information Source – Get instant access to the latest issue of The Health Care M&A News
Your free trial includes 2 monthly newsletter issues, weekly email alerts to the latest deals and developments in every key segment of the health care service and technology sectors, including behavioral health care, biotechnology, e-health, home health care, hospitals, laboratories, long-term care, managed care, medical devices, pharmaceuticals, physician medical groups, rehabilitation and more.Plus, you’ll receive a sample of the Health Care M&A Quartlery Report. Visit http://www.levinassociates.com/freetrialm to sign up now.
Around the Web in Health Care M&A…Click here to see more
Webcast Calendar…Click here to see more
Upcoming Conference Partnerships… Click here to see more