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August 26, 2013 Issue:
Recent Health Care M&A Deals
eHealth
Acquirer
Target
Price
Qualifacts
Behavorial Health Business
N/A
SSI Group, Inc.
Medibis
N/A
Laboratories, MRI and Dialysis
Acquirer
Target
Price
BioReference Laboratories, Inc.
Edge Biosystems CLIA
N/A
Medical Devices
Acquirer
Target
Price
St. Jude Medical, Inc.
Endosense SA
$170 million
C.R. Bard, Inc.
Medafor, Inc.
$200 million
Services Deal of the Week
CNL Lifestyle Properties, Inc. plunked down $45.8 million for two senior living communities recently: Bozeman Lodge, located in Bozeman, Montana, has 107 independent and assisted living units, as well as 24 independent living cottages; and Pioneer Village in Jacksonville, Oregon, has 37 independent units, 51 assisted living units and 11 cottages. Both communities will be managed by an affiliate of Radiant Senior Living, Inc., which operates 13 senior living communities in Montana, Oregon and Washington…..Want to read more news? Click here for a free trial to The Health Care M&A Information Source and download the current issue today.
Charted Territory
Pharmaceutical companies have been the busiest acquirers so far this year, racking up 80 announced deals as of August 23, 2013. While some deals were for entire companies, many were made to acquire the rights to a promising drug or line of business. Long-Term Care companies have announced 72 acquisitions so far this year, while the Other category, which consists of a range of ancillary health care companies such as pharmacy benefit managers and CROs, showed 68 deals. REITS and Private Equity Groups made the acquirers list, in sixth and eighth place, respectively.
Most Active Acquiring Sectors in Health Care, through August 23, 2013
Rank
Acquiring sector
Deal volume
1
Pharmaceuticals
80
2
Long-Term Care
72
3
Other
68
4
Medical Devices
48
5
Hospitals
45
6
REITS
43
7
Biotechnology
36
8
Private Equity Groups
30
9
Physician Medical Groups
27
10
Labs, MRI & Dialysis/eHealth
19 (tie)
Source: Irving Levin Associates, Inc., August 2013
Want to read more news? Click here for a free trial to The Health Care M&A Information Source and download the current issue today
Technology Deal of the Week
Last week C.R. Bard (NYSE: BCR) announced it had struck a deal to acquire privately held Medafor, Inc., a developer and supplier of plant-based hemostatic agents, for $200 million cash up front, with an additional $80 million in future contingent payments for the achievement of specific revenue-based milestones through June 30, 2015. The transaction is structured as a merger, and will expand Bard’s surgical specialties subsidiary, Davol. The company expects this acquisition to add about 1% to revenue growth in 2014, and to be a few cents dilutive to adjusted earnings per share in 2013 and neutral to 2014. In late June, Bard announced the sale of its electrophysiology business to Boston Scientific Corporation (NYSE: BSX) for $275 million….Want to read more news? Click here for a free trial to The Health Care M&A Information Source and download the current issue today.
In the Pipeline
Most people say they want to “age in place,” or stay in their homes as they get older and, inevitably, more infirm. Ambio Health, Inc. is creating products and regimens to help people with chronic diseases to manage their health by recording vital sign readings (blood pressure, glucose, weight, etc.) on their health portal for members and their caregivers to monitor. The Ambio Remote Health Monitoring System received 510k clearance on July 30th, which no doubt helped with the company’s third round of angel funding, which closed recently with a reported $525,000. According to the filing, six investors joined the round, including CEO and co-founder Kevin Jones, co-founder and executive director Alden Stevens and director Robert D’Alessandro…..Want to read more news? Click here for a free trial to The Health Care M&A Information Source and download the current issue today.
Infocast’s 6th Annual Healthcare Deal Making Summit: Find your strategies for success in the post-ACA world.
Infocast’s 6th Annual Healthcare Deal Making Summit 2013 will bring healthcare executives from today’s most innovative organizations together with leading investors and financial service providers to explore the business strategies, models and investments that will drive success in the post-Affordable Care Act world. They will discuss how changes to reimbursement models and healthcare reform are impacting M&A and deal-making, and how the movement to coordinated care will drive integration strategies and the effectiveness of business models. They will put a spotlight on some of today’s emerging business strategies, such as payer-provider convergence, strategic alignment, joint venturing and the next phase of integration, and healthcare transformation through technology innovation—and provide an outlook on their performance..
Go to http://www.infocastinc.com/healthcare13
Healthcare Facilities Symposium & Expo, October 1 – 3, 2013, Navy Pier, Chicago, IL
Collaborate. Transform. Deliver
The Healthcare Facilities Symposium & Expo is where industry leaders, from design firms to healthcare owners, come together for 3 days to share best practices, explore new concepts and discover products and solutions. The mission of the Symposium is to create a multi-disciplinary environment that inspires you to evoke change and the advancement of a better delivery of healthcare through the physical space. Competitors, clients, and colleagues come together as friends to collaborate, share research, hear fresh perspectives and participate in the ever changing conversation of your industry. Visit www.hcarefacilities.com/LA
Webcast Calendar…Click here to see more
