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Week ending May 29, 2015:
Recent Healthcare M&A Deals
eHealth
Acquirer
Target
Price
Sanomedics, Inc.
Zen Charts
N/A
Hospitals
Acquirer
Target
Price
Mercy Medical Center–Des Moines
Skiff Medical Center
Merger
Piedmont Healthcare
Newton Medical Center
Merger
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NextCare Urgent Care Expands in Arizona
NextCare Holdings Inc., already the country’s largest privately held urgent care provider, grew even more last week with the acquisition of three urgent care facilities in its home state of Arizona. The newest additions are two Troyer Urgent Care centers in Flagstaff and Lake Havasu City, and Chino Valley Medical Center in Chino Valley. They bring the company’s total to 35 locations within the state, and extend its services to more than 90% of the state’s population. The Chino Valley center will also provide primary care services. Financial terms were not disclosed.
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Five Biggest Healthcare Deals in May 2015
The last week of May slowed to a crawl as far as announced health care transactions, but preliminary totals for deal volume and value indicate that May 2015 wasn’t too shabby. As of May 29, we counted 101 healthcare transactions, with a combined total of $32.4 billion. A year ago, there were 109 M&A announcements, for a total of $27.5 billion. We’ll go into detail in the June issue of Health Care M&A News, so watch for the publication announcement later this week.
Top 5 Health Care Deals in May 2015
Rank
Acquirer
Target
Price
1
CVS Health Corp.
Omnicare Inc.
$12.8 billion
2
Alexion
Synageva BioPharma
$8.4 billion
3
Endo International
Par Pharmaceutical
$8.1 billion
4
Baxter BioScience
Oncaspar product portfolio
$900 million
5
MEDNAX Inc.
Virtual Radiologic Corp.
$500 million
Source: The Health Care M&A Information Source, May 29, 2015
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The Only Pharma Deal Announced Last Week
You know it’s a quiet week for healthcare M&A when only one pharmaceutical deal is announced. Last week, Tanner Pharmaceuticals, a portfolio company of Bourne Partners, paid an undisclosed sum for specialty pharma company BurnsAdler Pharmaceuticals. Both companies are based in Charlotte, North Carolina. The two have merged to form Tanner Pharma Group, which includes Tanner Clinical Trial Sourcing, Tanner Global Access Programmes, and Tanner Licensing, Acquisition and Commercialisation. Although the company is headquartered in the United States, it has offices in London, Sao Paulo and Mexico City.
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Prudential Real Estate Investors Buys 3 AL Properties
Prudential Real Estate Investors (PREI)is a private real estate firm owned by Prudential Insurance, paid $110 million for three assisted living facilities, two of which are in Tennessee: Hendersonville, with 130 units built in 2012 and Franklin, with 126 units built in 2014. The Connecticut community is in Glastonbury with 135 units built in 2014. All three offer assisted living and memory care, and have a combined 341,000 square feet. Hearth Management, which previously owned the properties through a joint venture partnership, has been retained as the managery………………………..Click here for a free trial to The Health Care M&A Information Source and download the current issue today.
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