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Q1 2016
Industry Snapshot: Healthcare
Notable M&A Activity
Capital Markets
2/10/16 - Constellation Healthcare Technologies, Inc. (AIM:CHT) acquired MDRX Medical Billing LLC for $30 million in cash.
MDRX is a
healthcare practice management and billing company.
2/5/16 - Halma plc (LSE:HLMA) acquired CenTrak, Inc. from private shareholders for $140 million.
CenTrak, Inc. provides real time location
systems to healthcare facilities in the United States, Asia, Europe, and the Middle East.
2/3/16 - LTC Properties Inc. (NYSE:LTC) acquired skilled nursing center in Texas for $16 million.
LTC has been investing in a diverse, high-
quality portfolio of seniors housing and healthcare properties that today spans 29 states.
2/2/16 - Forefront Dermatology acquired Westmoreland Dermatology Associates.
Westmorland Dermatology Associates provides medical and
cosmetic laser treatments across Western Pennsylvania.
2/1/16 - Grey Healthcare Group, Inc. acquired The Lathe, LLC.
The Lathe, LLC operates as a digital design and development company that
focuses on helping healthcare organizations utilize Web and mobile technologies to connect patients, caregivers and professionals.
1/27/16 - Pamplona Capital Partners acquired MedAssets, Inc. (NasdaqGS:MDAS) for $2.7 billion.
MedAssets, Inc., a performance
improvement company, provides technology-enabled products and services for hospitals, health systems, non-acute healthcare providers, payers,
and other service providers and product manufacturers in the United States.
1/19/16 - ExamWorks, Inc. acquired Advanced Medical Reviews, Inc. from Eytan Alpern and Barak Mevorak for $39.8 million in cash.
Advanced Medical Reviews, Inc. provides medical case review and utilization management services to the healthcare sector.
1/4/16 - Quality Systems Inc. (NasdaqGS:QSII) acquired HealthFusion Holdings, Inc. for $190 million.
HealthFusion develops Web-enabled
computing software products and communication services to healthcare providers through its Internet portal.
.
3/1/16 - Amedisys Inc. (NasdaqGS:AMED) acquired
Associated Home Care Inc. from Michael Trigilio for
$38.1 million
. Associated Home Care Inc. provides in-
home senior care services.
2/29/16 - Decision Resources, Inc. acquired Adaptive
Software LLC for $24.5 million
. Adaptive Software LLC
provides business process management software
solutions for the pharmacy benefits management industry.
Source: Public Filings; Industry Newswires and Capital IQ as of 3/8/16
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
Q2 2015 Q3 2015 Q4 2015
YTD
Healthcare Medical Devices
(1.2%)
(5.0%)
7.5% 6.1%
Healthcare IT
(0.3%)
(14.7%)
4.9%
(13.8%)
Healthcare Services
16.2%
(14.7%)
(6.0%)
(1.4%)
Medical Laboratory Services
(4.4%)
(13.9%)
11.5%
(5.5%)
S&P 500
0.2%
(7.6%)
4.7%
(0.5%)