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...
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,...
For the second quarter in a row, the volume of senior care acquisitions topped all health care services categories with 22 announced transactions in the first quarter of 2003. Admittedly, it was a slow quarter for health care services, with only four hospital deals...
Based on preliminary figures, a total of 218 mergers and acquisitions were announced in 13 sectors of the health care industry in the first quarter of 2003. This represents a nearly one-quarter (24%) drop in activity from the previous quarter, but a 3% gain from the...
Even though there was little doubt about the outcome, management at Sunrise Assisted Living (NYSE: SRZ), not to mention at Marriott International (NYSE: MAR), must have breathed a big sigh of relief last weekend when the assets of Marriott Senior Living Services...
Even though the merger and acquisition market has appeared to be relatively slow, senior care led all health care services sectors in the fourth quarter of 2002 with 20 publicly announced deals. It was the second time during the year that senior care led the pack in...