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Q2 2016
Industry Snapshot: Healthcare
Notable M&A Activity
Capital Markets
5/16/16 - Welsh, Carson, Anderson & Stowe acquired InnovAge Home Care for approximately $190 million in cash.
InnovAge Home Care
provides in-home senior care services.
5/13/16 - DiaSorin S.p.A. (BIT:DIA) acquired Focus Diagnostics, Inc. from Quest Diagnostics Inc. (NYSE:DGX) for $300 million in cash.
Focus
Diagnostics manufactures and distributes molecular and immunology products to hospitals and commercial laboratories worldwide.
5/3/16 - Nordic Capital and Novo A/S acquired eResearchTechnology, Inc. from Genstar Capital, LLC for $1.8 billion.
eResearchTechnology
provides patient safety and efficacy endpoint data collection solutions for use in clinical drug development and clinical research needs.
5/2/16 - Press Ganey Holdings, Inc. (NYSE:PGND) acquired Avatar Solutions Inc. for $17.1 million.
Avatar Solutions provides survey, data
measurement and performance improvement services to hospitals, clinicians and healthcare systems.
4/19/16 - GI Partners, LLC and Allscripts Healthcare Solutions, Inc. (NasdaqGS:MDRX) acquired Netsmart Technologies Inc. from Genstar
Capital Partners V, L.P. of Genstar Capital, LLC and Salmon River Capital LLC for $950 million.
Netsmart Technologies is a healthcare
information technology company specializing in electronic health records and software and technology solutions.
4/7/16 - IBM Watson Health acquired Truven Holding Corp. from Veritas Capital Fund III, L.P., Veritas Capital Fund IV, L.P. managed by
Veritas Capital for $2.6 billion in cash.
Truven Holding Corp. provides analytic solutions and services for the healthcare industry.
4/1/16 - Gentherm Incorporated (NasdaqGS:THRM) acquired Cincinnati Sub-Zero Products, Inc. for $65 million in cash.
Cincinnati Sub-Zero
Products through its subsidiaries, designs, develops and markets temperature management equipment for medical and industrial industries in the
United States and internationally.
6/3/16 - Shire plc (LSE:SHP) acquired Baxalta
Incorporated (NYSE:BXLT) from Baxter International Inc.
(NYSE:BAX) and others for $32 billion.
Baxalta, a
biopharmaceutical company, develops, manufactures and
markets a portfolio of products primarily for the treatment of
hemophilia, immunology and oncology worldwide.
6/1/16 - Veritas Capital acquired Verisk Health, Inc. and
MediConnect Global, Inc. from Argus Information &
Advisory Services, LLC for $820 million.
Verisk Health
operates as a healthcare information technology company
that provides healthcare analytics solutions.
Source: Public Filings; Industry Newswires and Capital IQ as of 6/22/16
Healthcare Medical Devices:
NYSE:JNJ, NYSE:MDT , NYSE:SYK, LSE:SN., NYSE:ZBH
Healthcare IT:
NYSE:MCK, NYSE:IMS, NasdaqGS:MDRX, NasdaqGS:CERN, NasdaqGS:ATHN
Healthcare Services:
NYSE:KND, NYSE:FVE, NYSE:HLS, NasdaqGS:ENSG, NYSE:UHS
Medical Laboratory Services:
NasdaqGM:AIQ, NYSE:LH, NYSE:DGX, NasdaqCM:PMD, NasdaqGM:RDNT
% Change
Q4 2015 Q1 2016 Q2 2016
YTD
Healthcare Medical Devices
6.0% 8.1% 6.8% 16.6%
Healthcare IT
3.8%
(15.5%)
8.5%
(7.5%)
Healthcare Services
(6.4%)
5.8% 4.9% 11.6%
Medical Laboratory Services
13.0%
(2.3%)
9.5% 8.3%
S&P 500
4.6% 2.3% 0.6% 3.6%