By several measures, it was a good year for health care M&A activity. At the date of this issue, a total of 895 transactions have been announced in the health care industry. With two weeks left in 2002, the year will surpass 900 deals. This figure represents a...
Our “Deal of the Month” goes to Laboratory Corporation of America’s (NYSE: LH) proposed acquisition of DIANON Systems (NASDAQ: DIAN) for just under $600 million. In its bid to become the premiere oncology laboratory company, LabCorp is making its richest...
With the stock market’s worst quarterly performance in 70 years, we might expect M&A activity to have taken a nose dive as well. And in fact, the overall market did suffer from a decreased deal count and smaller amounts of capital committed to deals. Even so, the...
From one quarter to the next, the Medical Device sector has consistently produced the greatest number of deals of any single sector in the health care industry, seemingly invulnerable to the ups and downs of the economy. For the period from July 1, 2000 through June...
Guidant Corporation (NYSE: GDT), based in Indianapolis, Indiana, recently announced that it would pay a total of $3 billion to acquire The Cook Group, a privately held medical device manufacturer. What GDT seeks most in this deal is to obtain Cook’s technology and...
With the markets headed south, no one really expected the announcement of the largest deal of 2002. Yet that is precisely what took place on Monday, June 15, 2002, when Pfizer, Inc. (NYSE: PFE) announced that it would acquire Pharmacia Corp. (NYSE: PHA) for an...