What appears to be the year’s first major hostile takeover bid in the domestic health care arena arrived in late May. Omnicare (NYSE: OCR) has targeted rival NeighborCare (NASDAQ: NCRX), offering to buy the company for $1.5 billion. Omnicare is the largest provider of...
Without sounding too paranoid, although we were asked recently whether our phones were tapped by the SEC, one has to wonder if there is a conspiracy by the mainstream news media to discredit the “assisted living” industry. How else to explain a three-part...
Rumors in the M&A market often contain a grain of truth. Last month, for example, we wrote that New York’s newly public WellChoice (NYSE: WC) was said to be in negotiations to buy Oxford Health Plans (NYSE: OHP) in an all-stock deal. WC admitted to holding talks...
This was the year we were supposed to see big chains re-entering the acquisition market, consolidation among regional chains, the growing fear of acquisition prices outpacing values (now that’s a concept) and a basic feeding frenzy in the acquisition market. The table...
Preliminary results are in the for the first quarter health care merger and acquisition market. Based on publicly announced deals, a total of 198 transactions were reported in Q1:04 in 13 sectors of health care. Although this represents a 15% drop from the 234 deals...
Last month we reported that the average price per unit for assisted living had rebounded by 11% in 2003 from the dismal performance in 2002, a year that saw a nearly 24% plunge in the average price per unit sold. The absence of lenders willing to finance an...