The Health Care M&A Monthly: Skilled Nursing Facility Per Bed Prices Hit Six-Year Low
The financial distress suffered by the nursing home industry during the past two years has been well documented. Beginning in the middle of 1999, five of the 10 largest nursing home companies, all publicly traded, filed for bankruptcy protection, as did several...The SeniorCare Investor: Going, Going …. Gone? Sizzling Summer Sales
In the senior care sector, this is not a good time to be heading to the beach for summer vacation. Too much is going on in the acquisition market, and the situation is quite fluid in several transactions, with the outcome, and price, of a few still up in the air....The Health Care M&A Monthly: WellPoint Back in the Saddle With Bid for Wisconsin Blues
One year ago, in our June 2002 issue, the leadoff story predicted that having gone public and turned its finances around, the Wisconsin Blues organization, operating as Cobalt Corporation (NYSE: CBZ), would probably become an acquisition target. That story also named...The SeniorCare Investor: Nursing Home Stocks Soar, M&A Volume Jumps
Over the past 12 months, the question remained: Has the industry hit bottom yet? A market “bottom” became a moving target, with some investors looking at stock prices, others acquisition multiples, and still others the availability of capital. At several...The Health Care M&A Monthly: Chiron Buys Vaccine Producer PowderJect for $878 Million
For the third time this year, our deal of the month involves a transaction in the Biotech sector. California’s Chiron Corp. (NASDAQ: CHIR) has agreed to buy Britain’s PowderJect Pharmaceuticals (LSE: PJP) for £542 million, or approximately $878 million. This purchase,...Schedule a demo
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