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Week Ending November 14, 2014:
Recent Health Care M&A Deals
Acquirer
Target
Price
eHealth
MDLive
Breakthrough Behavioral
N/A
Syncordia Technologies
Healthcare Services Integration Inc.
N/A
Truven Health Analytics
Heartbeat Experts
N/A
LexisNexis
Health Market Science
N/A
Hospitals
Cabell Huntington
St. Mary’s Medical Center, Inc.
N/A
LexisNexis Beefs Up Its Health Data Platform
LexisNexis Risk Solutions, a division of Reed Elsevier plc (LSE: REL), last week acquired Health Market Science, an administrator of one of the largest practitioner-level medical claims databases in the United States. The acquisition will help commercial and government payers, health care providers including doctors, hospitals and health systems, retail pharmacy and life sciences companies manage a proliferation of data in order to proactively address cost-containment issues; support compliance efforts and evolving regulations; and obtain comprehensive physician sanction and state licensure information. No financial terms were disclosed. This deal follows the company’s acquisition of Enclarity and its healthcare provider database in September 2013, and EDIWatch, which offers fraud, waste and abuse technology solutions for the health care payer industry, in September 2012.
Fourth Quarter M&A Is Off to a Brisk Start in October
We don’t have to tell you it’s been a busy year for health care transactions. Preliminary totals for deal volume and value through the end of October tell the story, instead. As of November 1st, deal volume hit 1,030 deals, just 1% lower than 2013’s total. Deal value through October was already in record territory. October 2014 deal volume rose even higher (11%) than the previous month’s strong total of 121 deals. Deal value for October 2014 managed to eke out a 3% increase over September’s total, which is another sign of how strong this market is. Three percent doesn’t sound like much? But gaining 3% on September’s $29.5 billion total is no small feat. Last October’s deal value was about $12 billion on 109 deals, just to put this month in perspective.
Deal Volume, October 2014 vs. October 2013
October 2014
October 2013
Change
Services sector
76
66
15%
Technology sector
58
43
35%
Total
134
109
23%
Source: The Health Care M&A Information Source, November10, 2014
Kindred Healthcare Goes Deep into Rehab
Barely missing a beat from its win on acquiring Gentiva Health Services (NASDAQ: GTIV), Kindred Healthcare, Inc. (NYSE: KND) last week announced its acquisition of Centerre Healthcare, which operates 11 inpatient rehabilitation hospitals with a total of 612 beds. Three of the hospitals opened in 2014, and two in 2013. Centerre also has two other hospitals under construction, with a combined total of 90 beds, scheduled to open in 2015. Once the deal closes, Kindred plans to establish a new business line, called Kindred Hospital Rehabilitation Services, which will combine RehabCare, its nine other rehab hospitals, and Centerre.
Modernizing Medicine Is Close to Closing on $20 Million
It’s not often you read a press release that crows about “almost” rather than “we made it!” Yet Modernizing Medicine, Inc. announced last week that it has closed its first $15 million tranche of an expected $20 million round of funding. The Boca Raton, Florida-based company is the creator of the Electronic Medical Assistant®, a cloud-based, specialty-specific electronic medical record system. The latest funding comes from existing investors, led by Summit Partners and Pentland Group, many of whom are medical specialists who use EMA………..Click here for a free trial to The Health Care M&A Information Source and download the current issue today.
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