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    Healthcare Q2 2022

    Q2 2022 Healthcare

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Cerner Corporation
    • Oracle Corporation
    • $30,201.21
    • Ortho Clinical Diagnostics Holdings plc
    • QuidelOrtho Corporation
    • $8,424.11
    • Cloudmed
    • R1 RCM Inc.
    • $4,030.96
    • DentaQuest Group, Inc.
    • Sun Life and Health Insurance Company (U.S.)
    • $2,475.00
    • Clinigence Holdings, Inc.
    • Nutex Health, Inc.
    • $2,311.89
    • Tivity Health, Inc.
    • Stone Point Capital LLC
    • $2,058.47
    • Intersect ENT, Inc.
    • Medtronic plc
    • $1,073.50
    • Merative L.P.
    • Francisco Partners Management, L.P.
    • $1,065.00
    • Antares Pharma, Inc.
    • Halozyme Therapeutics, Inc.
    • $1,037.52
    • AmerisourceBergen Corporation
    • Undisclosed Buyer
    • $900.00

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • SOC Telemed, Inc.
    • Patient Square Capital, LP
    • $398.73
    • IntriCon Corporation
    • Altaris Capital Partners, LLC
    • $246.33
    • Medical Office Building in Irvine, California
    • Anchor Health Properties, LLC
    • $27.60

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Net Assets of Allscripts Hospitals and Large Physician Practices Business Segment
    • N. Harris Computer Corporation
    • $700.00
    • GeneDx, Inc.
    • Sema4 Holdings Corp.
    • $623.20
    • Scanning Technology business of Carestream Dental LLC
    • Envista Holdings Corporation
    • $582.50

     

    Source S&P Capital IQ as of 7/8/2022 and PCE Proprietary Data

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    PCE Transactions

    Contacts

    Michael Poole

    Orlando Office

    407-621-2112

    David Jasmund

    Orlando Office

    407-621-2111

    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

    Glossary

    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value

    Sources:

    1. Evans, Melanie. “Hospitals Look to Raise Treatment Costs as Nurses’ Salaries Increase.” The Wall Street Journal, 8 June, 2022.
    2. Cumming, Chris. “Antitrust Authorities Take Aim at Private-Equity Healthcare Deals.” The Wall Street Journal, 14 June, 2022.
    3. Pifer, Rebecca. “Oracle closes $28B buy of ‘huge growth engine’ Cerner.” Healthcare Dive, 8 June, 2022.
    4. Pifer, Rebecca. “Oracle announces plans to create national health record database on heels of Cerner deal.” Healthcare Dive, 10 June, 2022.
    5. Wainer, David. “Merck Acquisition Would Test Emboldened Regulators.” The Wall Street Journal, 22 June, 2022.
    6. Cimilluca, Dana, Lombardo, Cara & Rockoff, Jonathan. “Merck Pushes Forward With Potential Deal for Seagen.” The Wall Street Journal, 23 June, 2022.

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