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April 7, 2014 Issue:
Recent Health Care M&A Deals
Biotechnology
Acquirer
Target
Price
Anavex Life Sciences Corp.
Rights to AF710B
N/A
Baxter International Inc.
Chatham Therapeutics
$70 million
Verde Media Group Inc.
Butazyme
$5 million
Hospitals
Alecto Healthcare Services
Fairmont General Hospital
N/A
Laboratories, MRI and Dialysis
Acquirer
Target
Price
Blood Centers of America, Inc.
GSABC Cooperative Corp.
Merger
Technology Deal of the Week
Ever on the acquisition path, Actavis plc (NYSE: ACT) agreed to pay $100 million for Silom Medical Company, a privately held generic pharmaceutical company focused on developing and marketing therapies in Thailand. Actavis already had about a dozen products in the Thai market, but this acquisition makes it the fifth-largest generic drug marketer in Thailand, with leading positions in ophthalmic and respiratory therapeutic categories, and a strong cardiovascular franchise…….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
March 2014 came in like a lion, and some would say it went out like a lion, too. As for deal-making in the healthcare industry, March just gamboled along. Our preliminary data shows 74 transactions announced last month, for a combined total of approximately $4.2 billion. As usual, the Long-Term Care sector was the most active, with 25 deals announced, followed by Pharmaceuticals, with 12 deals.
Top 10 Health Care M&A Transactions in March 2014
Acquirer
Target
Price
NorthStar Realty Finance
80 senior care facilities
$1.05 billion
Sterigenics International LLC
Nordion Inc.
$727 million
Horizon Pharma Inc.
Vidara Therapeutics International
$660 million
Kayne Anderson Real Estate Advisors
Conservatory Senior Living portfolio
$290 million
Concordia Healthcare Corp.
Donnatal®
$265.3 million
Vectura Group plc
Activaero GmbH
$181 million
Charles River Laboratories
CRO division of Galapagos NV
$179 million
ICON plc
Aptiv Solutions
$143.5 million
AEW Capital Management
3 Balfour Senior Living communities
$103.8 million
Kythera Biopharmaceuticals
Rights to ATX-101
$84 million
Source: The Health Care M&A News, April 2014
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
Services Deal of the Week
The beginning and end of each month brings a flurry of Long-Term Care transactions, and last week was no exception. Kayne Anderson Real Estate Advisors, the real estate arm of Kayne Anderson Capital Advisors LP, paid $290 million for the Conservatory Senior Living portfolio. The portfolio consists of five independent living communities across Texas, whose average occupancy rate was well below 90%. Discovery Senior Living will manage the portfolio for Kayne Anderson………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
In case you weren’t paying attention, Neurovance announced it had pulled in another $6.3 million beyond its earlier Series A, which it will use to continue developing a promising non-stimulant treatment for attention deficit hyperactivity disorder. Lead investor Novartis Venture Fund provided the follow-on financing, augmenting a $7 million A round closed in 2010 and joining previous backers Venture Investors, H&Q Healthcare Investors and H&Q Life Sciences Investors, GBS Venture Partners, State of Wisconsin Investment Board and Timothy J. Barberich……..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.
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NEW – The Health Care Services Acquisition Report, 20th Edition – Order Today!
Deals have been made. The 2014 Health Care Services Acquisition Report contains private deals in this market that are frequently too small to make into financial press. Order by April 30th and get our Senior Care M&A Market Review and 2014 Outlook webcast for FREE ($147 value). Now that’s a deal! Go to http://www.levinassociates.com/landing/har20order or call 800-248-1668 to preorder today.
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