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May 27, 2014 Issue:
Recent Health Care M&A Deals
Ohr Pharmaceutical, Inc.
SKS Ocular opthamology assets
Northwestern Memorial Healthcare
Pharos Capital Group, LLC
Employee Benefit Solutions, Inc.
U.S. Rights to Fovista
Technology Deal of the Week
The deal makers at Novartis (NYSE: NVS) were at it again last week. NVS agreed to pay $200 million upfront, plus potential milestone payments, for the exclusive rights to sell Fovista®, a potential treatment for wet age-related macular degeneration, outside the United States. Developer Ophthotech Corporation (NASDAQ: OPHT) retains the U.S. marketing rights. Fovista is the most advanced anti-PDGF technology in development. If approved, it is expected to be first-to-market in this class of therapies………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.
It’s only May, and already the Managed Care sector has recorded 10 deals. That doesn’t sound like a lot, compared with other health care sectors such as Long-Term Care, which had 60 deals in just the first quarter of 2014. But looking back at 2013, the Managed Care sector posted a total of 15 deals. Things could be heating up in this category, as rumors flew late last week that Ascension Health, the largest non-profit U.S. health system, was in talks to acquire an unidentified insurance company that operates in 18 states. It could be a busy year.
Managed Care M&A Transactions in 2014, through May 23, 2014
Arkansas Managed Care Organization
Blue Cross of NE Pennsylvania
Illinois Health Partners
Northwest Community Healthcare’s PHO
Magellan Health Services
Catholic Health Initiatives
QualChoice Holdings, Inc.
Guardian Life Insurance
Premier Access Insurance Co.
Pharos Capital Group, LLC
Employee Benefit Solutions
Source: The Health Care M&A News, May 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
Private equity firms can’t get enough healthcare deals lately. Last week, Metalmark Capital Holdings LLC chose Clayton, Dubilier & Rice LLC and its $910 million bid for Healogics Holding Corp., the largest advanced wound care services provider in the United States. Back in January, Metalmark hired Goldman Sachs Group (NYSE: GS) to explore a sale of Healogics, with a $1 billion price tag. Reuters reported that other major PE firms such as TPG Capital LP and a consortium of Ares Management LP (NYSE: ARES) and Leonard Green Partners LP, were also in the auction process……..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
Mobile health is still red-hot for VC firms. Last week, Mango Health announced a $5.25 million round of Series A financing, led by Kleiner Perkins Caufield & Byers. Mango Health operates an enterprise platform that uses mobile software to engage patients and improve rates of adherence to prescribed treatment regimens, and its first consumer product, an iPhone app, is available in Apple’s App Store. The company has partnered with some of the largest entities in healthcare, including “a leading U.S. integrated care delivery system, a national pharmacy benefit manager and a top U.S. health plan.” ……..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.
California Healthcare Transactions 2014
California Healthcare Transactions 2014, July 9-10, will bring senior executives from healthcare organizations across California together with leading investors and financial service providers to explore how their business strategies and investments are being driven in the current wave of healthcare reform. They will put a spotlight on how today’s emerging business strategies are driving deals across California, and examine the execution of a number of deals. Visit infocastinc.com/ca-healthcare for more details.
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 it into the financial press. Order by May 31st and get our FREE white paper “Hospitals: Buying, Selling and Valuing”, plus a complimentary $150 of transactions in our online health care M&A database. Now that’s a deal! Go to http://www.levinassociates.com/landing/har20order or call 800-248-1668 to order today.
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