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March 10, 2014 Issue:
Recent Health Care M&A Deals
Biotechnology
Acquirer
Target
Price
Oxford Gene Technology
Cytocell Ltd
N/A
Intrepid Innovations Corporation
AAGP blood preservation application
$2.5 million
E-Health
Mercer
Transition Assist
N/A
Hospitals
Narayana Health
Hospital business
N/A
Via Christi Health
Mercy Regional Health Center
$7 million
Technology Deal of the Week
There’s a large and growing market for FISH products, according to Oxford Gene Technology, a provider of innovative genetics research solutions. Last week the UK biotech announced the acquisition of Cambridge-based Cytocell Limited, a leading provider of DNA technology for the detection of gene rearrangements related to inherited genetic disease and cancer. Cytocell’s portfolio of Fluorescence In Situ Hybridization (FISH) probes complement OGT’s CytoSure cytogenetics array and next generation sequencing products. The market for FISH products is estimated to be worth $295 million, and growing at 19% per year. And that’s no fish story….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.
Charted Territory
Deal volume ticked up slightly in February 2014, compared with February 2013. Last month there were 61 healthcare deals announced, up 7% compared with the year earlier. The Long-Term Care sector posted the most deals, up 29% to 22 announcements, but the Services sector didn’t show any gains against the year-ago total of 35 deals. The Technology sector brought the modest total up, with 26 deals announced in last month, compared with the year-ago period. Measured against January 2014, however, which had 95, last month doesn’t look as promising, but these are still preliminary figures.
Deal Volume by Sector, Feb 2014 and 2013
Feb. 2014
Feb. 2013
Sector
Deals
Deals
Change
Services
Behavioral Health Care
0
2
-100%
Home Health & Hospice
1
4
-75%
Hospitals
3
4
-25%
Labs, MRI & Dialysis
1
1
0%
Long-Term Care
22
17
29%
Managed Care
2
0
0%
Physician Medical Groups
1
3
-68%
Rehabilitation
0
1
-100%
Other
5
3
68%
Services subtotal
35
35
0%
Technology
Biotechnology
2
2
0%
eHealth
6
5
20%
Medical Devices
9
5
80%
Pharmaceuticals
9
10
-10%
Technology subtotal
26
22
18%
Grand total
61
57
7%
Source: The Health Care M&A News, March 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
Services Deal of the Week
In its first acquisition of a neonatology practice this year, MEDNAX, Inc. (NYSE: MD) announced that Piedmont Neonatology, P.C., a six-physician practice in Greensboro, North Carolina, was now part of its Pediatrix Medical Group division. The company has already acquired three anesthesiology practices in 2014, in Maryland, Michigan and New Jersey. No terms of the deal(s) were disclosed, but this most recent acquisition is expected to be immediately accretive to earnings……..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.
In the Pipeline
Last week, Debiopharm Diagnostics SA, one of the four companies owned by Debiopharm Group in Lausanne, Switzerland, led a financing round of $6 million for Immunexpress Group in Seattle, Washington. The funding will go to advance development of the Immunexpress SeptiCyte® technology and bring one of the company’s late-stage sepsis diagnostic products through to market. Immunexpress is a molecular diagnostic company committed to improving outcomes for patients with, or at risk of, sepsis……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.
NEW – The Health Care Services Acquisition Report, 20th Edition – Preorder 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 into financial press. Take advantage of our limited 2-for-1 offer – Preorder The 2014 Health Services Care Acquisition Report by March 31st and receive The 2013 Health Care Services Acquisition Report FREE ($595 value)! Now that’s a deal! Go to http://www.levinassociates.com/landing/har20order or call 800-248-1668 to preorder today.
National Healthcare CXO Summit, May 18-20, 2014, Eau Palm Beach Resort & Spa, Palm Beach, FL
The National Healthcare CXO Summit is the premium forum bringing senior level healthcare executives and solution providers together. The Summit offers an intimate environment for a focused discussion of key new drivers shaping the healthcare industry.
To gain a view at the event brochure, click here:
http://www.nhcxosummit.com/
For information regarding speaking, sponsoring & attending, please contact Laurel Zevitz at l.zevitz@marcusevansch.com
NEW – The Health Care Services Acquisition Report, 20th Edition – Preorder 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 into financial press. Take advantage of our limited 2-for-1 offer – Preorder The 2014 Health Services Care Acquisition Report by March 31st and receive The 2013 Health Care Services Acquisition Report FREE ($595 value)! Now that’s a deal! Go to http://www.levinassociates.com/landing/har20order or call 800-248-1668 to preorder today.
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