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August 11, 2014 Issue:
Recent Health Care M&A Deals
Acquirer
Target
Price
Medical Devices
Nordson Corporation
Avalon Laboratories Holding Corp.
$180 million
Premier, Inc.
TheraDoc Inc.
$117 million
Meridian Bioscience
License for electrokinetic sensor technology
N/A
Pharmaceuticals
Medivir AB
Global Rights to RSV drug
N/A
Ultragenyx Pharmaceutical Inc.
License to Triheptanoin
N/A
Roche Buys Santaris Pharma
Roche Holding Ltd. (OTCQX: RHHBY) has agreed to acquire Danish biotech firm Santaris Pharma A/S, for its proprietary locked nucleic acid (LNA) platform. Roche will make an upfront cash payment of $250 million to Santaris shareholders and additional contingent payments of up to $200 million based on the achievement of certain predetermined milestones. The deal is expected to close within this month.
July Health Care M&A Spending Tops $70 Billion
If you thought June was a busy month for healthcare transactions, you were probably blown away in July. Although June’s 112 deals were barely topped by July’s 117, spending soared. Thanks to the Pharmaceutical sector’s combined $68 billion in total spending, July 2014 weighed in at $70.7 billion in announced mergers and acquisitions. That’s not a record, but it’s close.
July Health Care M&A, by Segment, July vs. June 2014
Segment
July $$
June $$
Change
Services
$1,426,014,641
$7,392,664,000
-81%
Technology
$68,288,535,141
$51,690,561,250
34%
Total
$70,714,549,782
$59,083,225,250
20%
Source: The Health Care M&A Information Source, August 2014
U.S. Physical Therapy Makes Second 2014 Acquisition
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced its second acquisition of the year, this time for an unidentified three-clinic practice. The price was $1.05 million for a business that sees approximately 10,500 patient visits per year. USPH described it as “a tuck-in acquisition” for one of its partnerships. It now operates 491 outpatient clinics in 42 states, and manages 17 PT facilities for third parties.
Cold Genesys Gets $13.57 Million Series A Funding
Cold Genesys, Inc., a clinical-stage oncolytic viral immunotherapy company in Newport Beach, California, announced it has secured Series A financing of $13.57 million from Ally Bridge Group, a global healthcare-focused investment group located in Hong Kong and the United States.Jul CGI will use the capital to advance its ongoing Phase 2/3 BOND trial, which is evaluating CG0070 in patients with high-risk carcinoma in situ non-muscle invasive bladder cancer. ……….Click here for a free trial to The Health Care M&A Information Source and download the current issue today.
The 2014 Hospital Acquisition Report – Free Webcast Offer!
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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 it into the financial press. Order by August 31st and get a complimentary $150 of transactions in our online health care M&A database. Now that’s a deal! Go to http://www.levinassociates.com/landing/har20order or call 800-248-1668 to order today.
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