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April 14, 2014 Issue:
Recent Health Care M&A Deals
Catholic Health Initiatives
QualChoice Holdings, Inc.
Paloma Pharmaceuticals, Inc.
Questcor Pharmaceuticals, Inc.
Ranbaxy Laboratories Ltd.
Technology Deal of the Week
As usual, the Pharmaceutical sector recorded the week’s largest deal(s). India’s Sun Pharmaceutical Industries Ltd. (BSE: 524715) made an all-stock offer for the troubled generic drug maker Ranbaxy Laboratories Ltd. (BSE: 500359) totaling $3.2 billion, which its Japanese parent Daiichi Sankyo Co. (T: 4568) was happy to accept. Then the Irish-domiciled Mallinckrodt plc (NYSE: MNK) came up with a $5.6 billion cash and stock offer for Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) in Anahiem, California. Questcor is a biopharmaceutical company focused on difficult-to-treat autoimmune and anti-inflammatory disorders, and also provides specialty contract services to the global pharmaceutical industry. Busy week for drug deals……..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 deal volume was healthy in the first quarter of 2014, at 232 deals, up 9.4% compared with the first quarter of 2013. Still, that’s not bragging much, because the first quarter of 2013 was pretty dismal for dealmakers. The Technology sector really broke out in this most recent quarter, rising 23.5% compared with a year ago, while the Services side grew by only 0.8% in the same period. For full details, check the April issue of Health Care M&A News.
Behavioral Health Care
Home Health & Hospice
Labs, MRI & Dialysis
Physician Medical Groups
Source: Health Care M&A News, April 2014
Source: The Health Care M&A News, April 2014
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 typically quiet Managed Care sector has seen a few deals announced in recent weeks. In early April, Catholic Health Initiatives, the Colorado-based nonprofit, acquired QualChoice Holdings, Inc. of Little Rock, Arkansas, where it also recently acquired St. Vincent Health System. QualChoice is the parent company of QCA Health Plan, Inc. and QualChoice Life and Health Insurance Company, Inc. And last week, Guardian Life Insurance Company of America acquired the dental health insurer Premier Access Insurance Company. No financial terms were disclosed, of course………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
Spinifex Pharmaceuticals, based in Melbourne, Australia, completed a $45 million Series C financing led by Novo A/S and joined by another new investor, Canaan Partners. Existing investors GBS Venture Partners, Brandon Capital Partners, Uniseed and UniQuest also participated. The new funds will be used to advance Spinifex’s lead candidate, EMA401, to further dose-ranging Phase 2 trials, and hopefully beyond, to Phase 3……..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.
Aging2.0’s inaugural Global Innovation Summit will be held on May 14, 2014 in San Francisco.
This invite-only event will bring together a select group of long-term care leaders, consumer technology executives, investors and top entrepreneurs from around the world to discuss emerging trends and new models to connect, empower and care for older adults around the world. Space is limited. Latest details will be made available at www.aging2.com/summit. Apply now!
NEW – The Health Care Services Acquisition Report, 20th Edition – Order Today!
Deals have been made. The 2014 Health Care Services Acquisition Report contains private deals in this market that are frequently too small to make into financial press. Order by April 30th and get our Senior Care M&A Market Review and 2014 Outlook webcast for FREE ($147 value). Now that’s a deal! Go to http://www.levinassociates.com/landing/har20order or call 800-248-1668 to preorder today.
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