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July 7, 2014 Issue:
 

Recent Health Care M&A Deals

Managed Care

 

 

Acquirer

Target

Price

WellCare

Assets from Healthfirst

Health Plan of New Jersey, Inc.

N/A

Medical Devices

 

 

Merz

Ulthera, Inc.

$600 million

Stryker Corporation

Small Bone Innovations, Inc.

$375 million

Pharmaceuticals

 

 

RedHill Biopharma

Phase 2 oncology drug

$1 million

Transcept Pharmaceuticals, Inc.

Paratek Pharmaceuticals, Inc.

$333.3 million                              

 

 
The Eyes Have It for CooperVision
The Cooper Companies, Inc. (NYSE: COO) last week announced it will pay $1.2 billion for Sauflon Pharmaceuticals Ltd., the privately owned British soft contact lens and solutions maker. It will be combined with its CooperVision business unit, which can now offer a multi-tier daily strategy for contacts wearers. Sauflon has three manufacturing plants, sales offices in more than 10 countries, and products sold in more than 50 countries…………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.
 
Health Care M&A Picks Up in June
Summer has just begun, but June was a hot month for health care mergers and acquisitions. Total deal volume now stands at 106 transactions, with a combined total of $51.3 billion. The services sector slowed slightly, but the technology sectors took off. We’re comparing last month’s preliminary results with solid data from a year ago, so more deals could be added to the June 2014 total.  
 
Deal Volume by Sector, June 2014 vs. June 2013
 

 

June_2014

June_2013

Sector

Deals

Deals

Change

Services

 

 

 

Behavioral Health Care

2

2

0%

Home Health & Hospice

3

3

0%

Hospitals

3

7

-57%

Labs, MRI & Dialysis

3

4

-25%

Long-Term Care

26

29

-10%

Managed Care

3

0

Physician Medical Groups

6

6

0%

Rehabilitation

3

2

50%

Other

13

11

18%

Services subtotal

62

64

-3%

Technology

 

 

 

Biotechnology

10

4

150%

eHealth

10

5

100%

Medical Devices

10

11

-9%

Pharmaceuticals

14

15

-7%

Technology subtotal

44

35

26%

Grand total

106

99

7%

Source: The Health Care M&A News, June 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
 
ViraCor-IBT Laboratories Changes Hands
Ampersand Capital Partners completed the sale of majority owned portfolio company ViraCor-IBT Laboratories (VIBT) to Eurofins Scientific for $255 million. VIBT is a specialty testing laboratory that was created by Ampersand in 2009 through the merger of two independent labs in the Kansas City area……….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.
 
Cidara Therapeutics Raises $32 Million Series A Financing
San Diego-based Cidara Therapeutics, Inc. is now able to advance candidates from its CloudBreak™ targeted immunotherapy platform and biafungin™, a novel long-acting echinocandin antifungal drug, into human clinical studies. The announcement came as a result of its successful $32 million Series A financing round, led by 5AM Ventures, Aisling Capital, Frazier Healthcare and InterWest Partners, as well as select institutional cross over investors………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.
 
Sponsored Content:
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The 2014 Hospital Acquisition Report 2 for 1 Special – Preorder Today!
There’s no quicker way to get current on the hospital M&A market or review historic hospital M&A data. Learn all about today’s hospital merger and acquisition market, not just what’s covered in major media.Take advantage of our limited time two-for-one offer: Order by July 31st and receive the 2013 Edition for FREE! Go to http://www.levinassociates.com/hospital-description or call 800-248-1668 to order today.
 
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