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Commentary by: Eric Murphy, Managing Director, Global Healthcare Services
The first quarter healthcare mergers and acquisition transactions see a significantly large transaction size compared to last year's first quarter and one of the largest average seller sizes in the past ten years. Kaufman Hall reported in their Healthcare Merger & Acquisition Activity Report: Q1 2021 that the average seller size by revenue is $676M. The overall number of transactions for this first quarter is significantly less than last year, with 13 announced transactions for this quarter as compared to # for the same period last year. The small number of transactions is offset by the type of large transactions that h...
Read morePosted on 05/21/2021 at 06:36 AM
Commentary by: Eric Murphy, Managing Director, Global Healthcare Services
Northside Hospital has acquired three ChoiceOne Urgent Care locations in Georgia. Northside will partner with the Urgent Care Group out of Nashville, TN to manage and operate the newly acquired Hamilton Mill, Grayson and Sugar Hill locations. The ChoiceOne Urgent Care business was previously owned by Fresenius Medical Care, which is leaving the urgent care business.
ChoiceOne Urgent Care:
Headquarters: Buford, GA
Industry: Clinics / Outpatient
Services: Urgent Care
Acquired By: Northside Hospital
Acquisition Announced: March 2, 2020
Type: Acquisition
Deal Amount: Undisclosed Amount
Source: PitchBook Data, Inc., Newmark
M&A Dea...
Posted on 04/29/2020 at 01:09 PM
Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services
New Generation Health has acquired Genesis Healthcare's real estate and operations of six skilled nursing facilities located in California, Nevada and Washington.
Headquarters: Pennsylvania
Number of Beds: N/A
Industry: Clinics/Outpatient
Services: Long Term Acute Care
Acquired By: New Generation Health
Acquisition Announced: February 1, 2020
Type: Acquisition
Deal Amount: Undisclosed Amount
Source: PitchBook Data, Inc., Newmark
M&A Deals represent Hospital/Inpatient Services and Clinics/Outpatient Services transactions
Posted on 03/25/2020 at 12:46 PM
Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services
VillageMD acquired Summit Medical Group Arizona, a subsidiary of Summit Health Management. The group provides specialized surgical solutions including breast surgery, neurology, internal medicine and related general surgery options.
Headquarters: Glendale, AZ
Number of Beds: Not Provided
Industry: Hospital/Inpatient Services
Services: Specialized surgical solutions
Acquired By: VillageMD
Acquisition Announced: January 30, 2020
Type: M&A
Deal Amount: Undisclosed Amount
Source: PitchBook Data, Inc., Newmark
M&A Deals represent Hospital/Inpatient Services and Clinics/Outpatient Services transactions
Posted on 02/25/2020 at 06:00 AM
Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services
Overall, the number of mergers and acquisitions remained consistent in 2019 compared to 2018. However, M&A is becoming more strategic in nature rather than just financially driven. We are seeing more partnerships where hospitals are looking to grow in a certain specialty, or one system has a health plan and the other is strong in value-based care. The trend to look for in the coming years is how the mergers are complementary and benefit both parties.
Article written by: Susan Morse, Healthcare Finance, January 23, 2020
In 2020, the hospital-to-hospital merger or partnership is about complementary resources - one ...
Read morePosted on 01/27/2020 at 01:22 PM
Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services
Obstetrics & Gynecology of Indiana provides women's health services for advance the delivery of obstetrical and gynecological care for women. It is based in the northern suburb of Indianapolis. It was acquired by Audax Group’s Axia Women’s Health for an undisclosed sum. It is their 4th investment since 2017.
Headquarters: Carmel, IN
Number of Beds: Not Provided
Industry: Clinics/Outpatient Services
Services: Obstetrical and Gynecological care
Acquired By: Axia Women's Health/Audax Group
Acquisition Date: November 4, 2019
Type: M&A
Deal Amount: Undisclosed Amount
Source: PitchBook Data, Inc., Newmark
M&A De...
Posted on 12/23/2019 at 05:46 AM
Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services
Englewood Hospital includes, the Englewood Health Physician Network and Englewood Health Foundation to deliver care in a community setting to residents in the northern New Jersey market. It was acquired by Hackensack Meridian Health for $400M and will help grow and build better access to care in the northern New Jersey region.
Headquarters: Engelwood, NJ
Number of Beds: Not Provided
Industry: Hospitals/Inpatient Services
Services: Inpatient and Outpatient Services
Acquired By: Hackensack Meridian Health
Acquisition Date: October 15, 2019
Type: M&A
Deal Amount: $400M
Source: PitchBook Data, Inc., Newmark
M&A Deals repres...
Read morePosted on 11/20/2019 at 01:36 PM
Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services
Hahnemann University Health has a 496-bed academic medical center which is a tertiary care institution that specializes in bariatric surgery, cardiac services, OB/GYN, orthopedics, medical, surgical and radiation oncology, bone marrow transplantation, renal dialysis, kidney and liver transplantation and transgender surgery. It has reached an agreement to be acquired by Drexel University Endowment and Tower Health for $50 million.
Headquarters: Philadelphia, PA
Number of Beds: 496
Industry: Hospitals/Inpatient Services
Services: Academic Medical Center
Acquired By: Drexel University Endowment and Tower Health
Acquisit...
Posted on 10/28/2019 at 11:38 AM
Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services
Independent Emergency Physicians has formed a joint venture with Healthy Urgent Care. The venture will create an emergency physician owned network of urgent care facilities throughout Michigan.
Headquarters: Michigan
Number of Beds: N/A
Industry: Clinics/Outpatient Services
Services: Urgent Healthcare Centers
Joint Venture: Independent Emergency Physicians and Healthy Urgent Care
Acquisition Date: August 21, 2019
Type: Joint Venture
Deal Amount: N/A
Posted on 09/24/2019 at 12:41 PM
Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services
Lourdes Health System, a subsidiary of Trinity Health, operates 3 hospitals in New Jersey, providing a range of healthcare services to the community. The system was acquired for $60 million by Virtua Health. The acquisition expands services for Virtua in the region.
Headquarters: Camden, NJ
Number of Beds: 381
Industry: Hospital/Inpatient Services
Services: Multi-Specialty Community Health System
Acquired By: Virtua Health
Acquisition Date: July 1, 2019
Type: Acquired
Deal Amount: $60.0 million
Posted on 08/27/2019 at 08:58 AM
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