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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.
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The 2014 Hospital Acquisition Report 2 for 1 Special – Preorder Today!
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