Healthcare Q4 2019

Healthcare Q4 2019

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Celgene Corporation
  • Bristol-Myers Squibb Company
  • $99,553.55
  • Worldwide Rights to Otezla of Celgene Corporation
  • Amgen Inc.
  • $13,400.00
  • Acelity, Inc.
  • 3M Company
  • $6,725.00
  • Medidata Solutions, Inc.
  • Dassault Systems Americas Corp.
  • $6,028.46
  • Spark Therapeutics, Inc.
  • Roche Holding AG
  • $4,851.18
  • Cambrex Corporation
  • Permira Advisers Ltd.
  • $2,604.54
  • Genomic Health, Inc.
  • Exact Sciences Corporation
  • $2,534.49
  • Myovant Sciences/Enzyvant Therapeutics/Altavant Sciences/Spirovant Sciences/Urovant Sciences Ltd.
  • Sumitomo Dainippon Pharma Co., Ltd.
  • $2,00.00
  • Alder BioPharmaceuticals, Inc.
  • H. Lundbeck A/S
  • $1,429.14
  • Corindus Vascular Robotics, Inc.
  • Siemens Medical Solutions USA, Inc.
  • $1,117.33

 

Source S&P Capital IQ as of 1/10/2020 and PCE Proprietary Data

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vogt-paul

 

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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. Armour, Stephanie, “Hospital Groups Sue to Block Price- Transparency Rule,” The Wall Street Journal, December 4, 2019.
  2. Jacobs, Andrew, “Crisis Looms in Antibiotics as Drug Makers Go Bankrupt,” The New York Times, December 25, 2019.
  3. Armour, Stephanie, “More Uninsured People, Faster Growth in Health-Care Spending Due to ACA Tax, Report Says,” The Wall Street Journal, December 5, 2019.
  4. Japsen, Bruce, “Humana To Fill Out Provider Network With Hospice Pharmacy,” Forbes, December 16, 2019.
  5. Stempniak, Marty, “80% of healthcare pros believe AI is reducing burnout, survey finds,” Radiology Business, December 16, 2019.
  6. Ash, Michael, Petro, Joe, Rab, Shafiq, “How AI in the Exam Room Could Reduce Physician Burnout,” Harvard Business Review, November 12, 2019.
  7. Lagasse, Jeff, “Patient loyalty to healthcare providers is at risk over transparency, finds AccessOne survey,” Healthcare Finance, December 20, 2019.
  8. Carroll, Aaron, “The Watch Is Smart, but It Can’t Replace Your Doctor,” The New York Times, December 26, 2019.
  9. Sullivan, Peter, “New study: Full-scale 'Medicare for All' costs $32 trillion over 10 years,” The Hill, October 16, 2019.

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