While the stock market has generally trounced most sectors of the health care industry in recent months, the Hospital sector has seen something of a rebirth and begun to regain its financial legs. Some of its new-found financial strength has naturally been reflected...
Where were the investors during the first 28 days of June? Can’t anybody read anymore? Although it came as no surprise to us when Mariner Health Care (OTCBB: MHCA) announced on June 29 that they signed a merger agreement for $30 per share, investors acted as if they...
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...