2 / 16
1
Q3 2015
Industry Snapshot: Healthcare
Notable M&A Activity
Capital Markets
8/31/15 - MPT Operating Partnership acquired Capella Healthcare, Inc. from by GTCR, LLC for $1.47 billion.
Capella Healthcare, through its
subsidiaries, provides general and specialized acute care, outpatient, and other medically necessary services primarily in non-urban communities in
the US.
8/20/15 - Opko Health, Inc. (NYSE:OPK) acquired Bio-Reference Laboratories Inc. (NasdaqGS:BRLI) for $1.5 billion in stock.
Bio-Reference
Laboratories provides clinical laboratory testing services for the detection, diagnosis, evaluation, monitoring, and treatment of diseases in the US.
8/18/15 - CVS Pharmacy, Inc. (NYSE:CVS) acquired Omnicare Inc. (NYSE:OCR) for $11.3 billion.
Omnicare provides a broad array of
pharmacy-related services to long term care facilities and to other customers in the health care environment.
8/6/15 - Mesa Laboratories Inc. (NasdaqGS:MLAB) acquired North Bay Bioscience, LLC for $11.3 million
. North Bay Bioscience provides
infection control solutions and supplies to healthcare professionals in North America.
8/4/15 - Ventas, Inc. (NYSE:VTR) acquired Ardent Health Services for $1.75 billion
. Ardent Health Services, through its subsidiaries, owns and
operates a network of US health systems. The company operates acute care hospitals, a rehabilitation hospital, multi-specialty physician groups, a
member health plan, and retail pharmacies.
7/31/15 - Premier Healthcare Solutions, Inc acquired Healthcare Insights, LLC for $69 million
. Healthcare Insights provides financial
management software solutions for hospitals and healthcare-related businesses.
7/23/15 - OptumRx, Inc. acquired Catamaran Corporation (TSX:CCT) from Covington Capital and T. Rowe Price Associates for $12.8
billion in cash
. Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT)
solutions to the healthcare benefits management industry in North America.
6/24/15 - Zimmer Biomet Holdings, Inc. (NYSE:ZBH) acquired LVB Acquisition, Inc. (BioMet) from an investor group including Goldman
Sachs, TPG Capital, L.P. and The Blackstone Group for approximately $13.3 billion.
LVB Acquisition, through its subsidiary, Biomet, Inc.,
manufactures and distributes surgical products.
9/14/15 - True Health Diagnostics LLC acquired Health
Diagnostic Laboratory, Inc. for $37 million
. Health
Diagnostic Laboratory provides a laboratory test menu of risk
factors and biomarkers for cardiovascular and related
diseases.
9/1/15 - Inovalon Holding (NasdaqGS:INOV) acquired
Avalere Health LLC for $139.9 million
. Avalere provides
analysis, insight, strategy, and tools to help clients find
business strategies and healthcare policies to further their
organizational objectives.
Q1 2015 Q2 2015 Q3 2015
YTD
Healthcare Medical Devices
(4.2%)
1.2%
(2.8%)
(8.4%)
Healthcare IT
7.6% 0.3%
(7.3%)
(1.3%)
Healthcare Services
8.9%
(14.1%)
(5.9%)
16.8%
Medical Laboratory Services
13.3% 4.6%
(4.6%)
3.2%
S&P 500
0.4%
(0.2%)
(4.0%)
(3.1%)
Source: Public Filings; Industry Newswires and Capital IQ as of 9/16/15
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