MACRA: Disruption in the Health Care M&A Market

FOR IMMEDIATE RELEASE

Rachel Scinto
Event Coordinator
800-248-1668
203-846-6800
Fax: 203-846-8300
pressreleases@levinassociates.com

NORWALK, CT –July 6, 2016- Irving Levin Associates, Inc. will host an important webinar— MACRA: Disruption in the Health Care M&A Market —on Thursday, July 21, 2016, at 1:00 PM ET. The webinar is part of the Interactive Webinar Series.
 
The Medicare Access & CHIP Replacement Act of 2015 (MACRA) was passed in April 2015 with bipartisan support. It wasn’t until CMS published proposed rules in May 2016 that healthcare investors began to take notice. As designed, the rules will drive swift changes in reimbursement to healthcare providers, including physicians and health systems. Providers are asked to assume more risk, and may turn to health plans and other payers to bear some of the burden.
 
Lisa Phillips, Editorial Director of The Health Care M&A Information Source and moderator of the panel, will pose topical questions such as: How will MACRA change the healthcare delivery system, starting in 2017? Will some who can’t deal with the disruption just bail out of the healthcare market? How many sectors will feel this disruption, and at what cost? Finally, what will MACRA’s impact be on acquisition values and volume? Our panel of experts will include Dr. David Friend, Managing Director and Chief Transformation Officer, BDO Consulting, Hedy Rubinger, Chair of Healthcare/Life Sciences Practice Group, Arnall Golden Gregory LLP, and the rest to be determined.

“MACRA: Disruption in the Health Care M&A Market” is expected to generate an informative discussion. If you’re interested in this topic, then you won’t want to miss the webinar on Thursday, July 21, at 1:00 pm ET.
 
Please visit https://products.levinassociates.com/downloads/macra-disruption-health-care-ma-market-july-21-2016/ or call 203-846-6800 for more information about this interactive webinar.
 

———- end ———–
 
 

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Behavioral Health Care M&A Activity Remains Steady in Q1:2016

FOR IMMEDIATE RELEASE

Lisa Phillips
Editor
800-248-1668
203-846-6800
Fax: 203-846-8300
pressreleases@levinassociates.com

NORWALK, CT – May 12, 2016 – The behavioral health care acquisition market remained steady in the first quarter of 2016, matching the eight publicly announced transactions in the first quarter of 2015. However, there was a 38% drop in the number of transactions from the fourth quarter of 2015, which was an unusually active quarter for the behavioral health care M&A market. Most of the transactions were small and only one had a disclosed price in the first quarter of 2016. Acadia Healthcare Group purchased United Kingdom-based Priory Group for $2.22 billion in one of the largest behavioral health acquisitions ever completed. The most active buyer in the quarter was Summit BHC, which completed two acquisitions. It bought St. Joseph Institute, a 40-bed residential addiction treatment center in Pennsylvania, and Turning Point, a 106-bed treatment center also in Pennsylvania. 
 
Behavioral health care has been growing in importance in the entire health care policy discussion, especially during this presidential election cycle. “Despite the sequential decline in the number M&A transactions, we believe behavioral health care will be an increasingly active market for investors and health care providers,” commented Lisa Phillips, Editor of The Health Care M&A Report, which publishes the data.
 
All quarterly results are published in The Health Care M&A Report for all 13 sectors of health care, which is part of the Health Care M&A Information Source.  For more information, or to order the report, call 800-248-1668.  Irving Levin Associates, Inc. was established in 1948 and has headquarters in Norwalk, Connecticut. The company publishes research reports and newsletters, and maintains databases on the health care and senior housing M&A markets.

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Physician Medical Group M&A Activity Declined in Q1:2016, According to Acquisition Data from Irving Levin Associates, Inc.

FOR IMMEDIATE RELEASE

Lisa Phillips
Editor
800-248-1668
203-846-6800
Fax: 203-846-8300
pressreleases@levinassociates.com

NORWALK, CT – May 11, 2016 – The physician medical group (PMG) acquisition market witnessed a decline in activity in the first quarter of 2016 after a more robust fourth quarter 2015. Deal volume decreased by 18% to 18 announced transactions in the first quarter, which also represented a 25% drop from the year-ago quarter. While dollar volume was just $120 million, that represented a 14% increase over the year-ago quarter but an 11% decrease from 2015’s fourth quarter.  MEDNAX, Inc. was the most active buyer during the quarter with five acquisitions in five different states, while Premier Health announced two deals in Ohio.  Envision Healthcare Holdings announced the largest transaction, and the only one with a disclosed price. It paid $120 million for Michigan-based Emergency Physicians Medical Group, which has more than 500 clinical providers who staff 37 locations in six states. “With major changes in reimbursement on the horizon, we may see more physician groups seeking shelter with larger provider networks, bucking this recent trend of fewer deals,” commented Lisa Phillips, Editor of the Health Care M&A Report, which publishes the data.          
 
All quarterly results are published in The Health Care M&A Report for all 13 sectors of health care, which is part of the Health Care M&A Information Source.  For more information, or to order the report, call 800-248-1668.  Irving Levin Associates, Inc. was established in 1948 and has headquarters in Norwalk, Connecticut. The company publishes research reports and newsletters, and maintains databases on the health care and senior housing M&A markets.

Click here to get more information on any of our Publications.

 

Ins and Outs of Post-Acute Reimbursement (Bundled Payments)

FOR IMMEDIATE RELEASE

Rachel Scinto
Event Coordinator
800-248-1668
203-846-6800
Fax: 203-846-8300
pressreleases@levinassociates.com

NORWALK, CT – May 11, 2016 – Irving Levin Associates, Inc. will host an important webinar— Ins and Outs of Post-Acute Reimbursement (Bundled Payments)—on Thursday, May 19, 2016, at 1:00 PM ET. The webinar is part of the Interactive Webinar Series.
 
The combined payment pressures from at-risk hospitals, ACOs, bundlers and managed care are leading to the emergence of ever narrowing post-acute networks. This momentum is further propelled by the CMS announcement of its goal to have 90 percent of Medicare Fee-for-service payments value-based by 2018. The combined market presence of bundlers and ACOs will be a tipping point for transformational change of skilled nursing facilities, home health and post-acute providers in many markets around the country. There will definitely be winners and losers as post-acute providers adapt to this new managed-care landscape, and single-site SNFs and HHAs will be particularly challenged.
 
Andy Edeburn, MA, Vice President, GE Healthcare Camden Group, and moderator of the panel, will pose relevant discussion topics such as:  What care redesigns providers must implement, how to successfully transform the provision of post-acute care and how to succeed under bundled-payment and other value-based payment models.
 
Our panel of experts will address these topics and more—as well as answer any pressing questions the attendees wish to submit. Our experts include: Renee Cummings, Chief Executive Officer, Access Advantage, Access Elite, Access Innovations; Donna Mueller, Vice President of Network Development, Avamere Family of Companies; and Andrew Sheinen, Vice President, Strategy and Network Development, Kindred Healthcare.

Founded in 1948, Irving Levin Associates, Inc. is the leading publisher of newsletters, reports, and online data on mergers and acquisitions in the seniors housing and healthcare industries. Irving Levin Associates invites you to take part in this don’t-miss webinar.

“Ins and Outs of Post-Acute Reimbursement (Bundled Payments)” is expected to generate an informative discussion. If you’re interested in this topic, then you won’t want to miss the webinar on Thursday, May 19, at 1:00 pm ET.
 
Please visit http://www.levinassociates.com/conferences/1605b-online-conference or call 203-846-6800 for more information about this interactive webinar.
 

 
 
* To receive this press release via email, send a message to pressreleases@levinassociates.com

Click here to get more information on any of our Publications.

 

Health Care M&A Deal Volume Slips in Q1:2016, As Deal Value Surges, According to Health Care M&A News

FOR IMMEDIATE RELEASE

Lisa Phillips
Editor
800-248-1668
203-846-6800
Fax: 203-846-8300
pressreleases@levinassociates.com

NORWALK, CT – May 3, 2016 – Health care merger and acquisition activity began to slow down in the first quarter of 2016. Compared with the fourth quarter of 2015, deal volume decreased 7%, to 351 transactions. Deal volume was also down 7% compared with the same quarter the year before. Combined spending in the first quarter reached $79.5 billion, an increase of 87% compared with the $42.5 billion spent in the previous quarter, according to Health Care M&A News. 
 

Health care services represented 62% of the first quarter’s transaction total, slightly lower than the 67% share reported in the previous quarter. The decline is due in part to slow-downs in nearly all of the services sectors, resulting in a 14% decline in deal volume in Q1:16 on the services side. The Home Health & Hospice and Rehabilitation sectors, however, saw higher deal-making activity with increases of 50% and 43%, respectively. 

 

On the technology side, transaction growth in the eHealth and Medical Devices sectors continued, up 17% and 7%, respectively, over the previous quarter, and both up 35% compared with the first quarter in 2015.

 

“The slowdown in deal volume in the first quarter of 2016 might simply be fatigue setting in after a record-setting year in 2015,” said Lisa E. Phillips, editor of Health Care M&A News. “Also, some buyers are still figuring out where the best opportunities are, as the shift to value-based reimbursements gains momentum.” 

 

M&A activity is likely to reflect this recent slowdown in the coming quarter. “A lot of private equity firms that made big exits last year now have a lot of cash that they’d like to put to work,” Ms. Phillips said. “That said, valuations are still too high for many buyers. They’re going to wait and see if prices start to come down.”

 

For more information on The Health Care M&A Information Source or Health Care M&A News, or for a membership to any of Irving Levin Associates’ services, please call 800-248-1668. Irving Levin Associates, Inc., established in 1948, is headquartered in Norwalk, Connecticut and is online at www.levinassociates.com.  This privately held corporation publishes annual and quarterly research reports, monthly and weekly newsletters, and maintains merger and acquisition databases on the health care and senior housing markets. 
 

 
 
The Health Care M&A Market – Deal Volume by Sector
 

 

Q1:16

Q4:15

Q1:15

Sector

Deals

Deals

Change

Deals

Change

Services

 

 

 

 

 

Behavioral Health Care

8

13

-38%

8

0%

Home Health & Hospice

18

12

50%

17

6%

Hospitals

23

23

0%

24

-4%

Laboratories, MRI & Dialysis

8

16

-50%

5

60%

Long-Term Care

82

106

-23%

76

8%

Managed Care

8

12

-33%

11

-27%

Physician Medical Groups

18

22

-18%

24

-25%

Rehabilitation

10

7

43%

9

11%

Other

40

41

-2%

48

-17%

   Services subtotal

216

252

-14%

222

-3%

 

 

 

 

 

 

Technology

 

 

 

 

 

Biotechnology

30

21

43%

62

-52%

eHealth

35

30

17%

26

35%

Medical Devices

31

29

7%

23

35%

Pharmaceuticals

39

44

-11%

44

-11%

   Technology subtotal

135

124

9%

155

-13%

 

 

 

 

 

 

Grand Total

351

376

-7%

377

-7%

 
 
 

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Health Care Services M&A Round Table

FOR IMMEDIATE RELEASE

Rachel Scinto
Event Coordinator
800-248-1668
203-846-6800
Fax: 203-846-8300
pressreleases@levinassociates.com

 
NORWALK, CT – April 28 2016 – Irving Levin Associates, Inc. will host an important webinar— Health Care Services M&A Round Table —on Thursday, May 5, 2016, at 1:00 PM ET. The webinar is part of the Interactive Webinar Series.
 
Like everything in health care these days, the art of the deal is changing rapidly. Let our expert panel guide you from understanding the market to starting and closing a deal. Learn about the current health care services M&A market, valuations, regulatory deal compliance, due diligence, how to close the deal and what to expect post-closing
 
Leslie J. Levinson, Esq., Partner and Co-Chair, Transactional Health Care Group at Robinson & Cole LLP, and moderator of the panel, will pose topical questions such as:  What should you know about valuation, regulatory compliance, and due diligence? Where do most deals get hung up? Where should you invest the bulk of your time and effort to close the deal?
 
Our panel of experts will address these topics and more—as well as answer any pressing questions the listeners wish to submit. Our experts include: Darby Anderson, Chief Development Officer, Addus Healthcare, Inc.; Burk Lindsey, Managing Director, Raymond James; and John Pouschine, Co-founder and Managing Member, Pouschine Cook Capital Management, LLC.

Founded in 1948, Irving Levin Associates, Inc. is the leading publisher of newsletters, reports, and online data on mergers and acquisitions in the seniors housing and healthcare industries. Irving Levin Associates invites you to take part in this don’t-miss webinar.

“Health Care Services M&A Round Table” is expected to generate an informative discussion. If you’re interested in this topic, then you won’t want to miss the webinar on Thursday, May 5, at 1:00 pm ET.
 
Please visit http://www.levinassociates.com/conferences/1605-online-conference or call 203-846-6800 for more information about this interactive webinar.
 
* To receive this press release via email, send a message to pressreleases@levinassociates.com

Click here to get more information on any of our Publications.