Capital Finance
In 2011, the medical device sector posted a total of 170 deals, according to Deal Search Online, the M&A database from Irving Levin Associates. And according to revealed prices, 2011 had a grand total of $63.5 billion in medical device merger and acquisition transactions. We delved a bit deeper into the five largest medical device M&A deals of 2011, as outlined by Irving Levin Associates.
Hackensack University Health Network and the North Shore-LIJ Health System announced Monday an agreement to establish a strategic alliance.
Home-based care management company Univita Health has acquired HME and DME provider All-Med Services of Florida, in a deal that adds more than 1 million patient lives to Univita's book of business.
Jon Krieger, managing director at investment bank Berkery Noyes, managed healthcare IT firm Healthx's majority recapitalization, which the company undertook in preparation for the swift market growth it anticipates. He spoke recently with Healthcare Finance News Editor René Letourneau about the transaction and its implications for the mergers and acquisitions market.
Cost overruns on healthcare construction projects can mean big bucks to hospital executives overseeing capital spending. Staying on budget takes a watchful eye and guiding hand at the C-suite level and a deep enough understanding of the design and construction processes to create the proper budget from the start, say industry experts.
Some healthcare stocks will get hammered in 2012, while others will do quite well, according to industry analysts who spoke to an audience of 600 at the Nashville Health Care Council. But their overall forecast was for modest growth, mirroring the economy as a whole.
Medical device manufacturers are feeling the effects of a sluggish economy and a revamped reimbursement model, which are leading to slow growth and record levels of mergers and acquisitions activity.
Despite increases in revenue and patient admissions, Tenet Healthcare posted a $76 million loss in the company's 2011 fourth quarter, due largely to an early extinguishment of company debt. In the same period last year, the hospital operator reported income of $74 million or 14 cents per share.
Hospitals and health systems can reap significant short- and long-term benefits by proactively addressing their real estate strategies as part of the mergers and acquisitions process, says financial services firm Jones Lang LaSalle (JLL).
January was a record month for healthcare merger and acquisition activity with 95 deals worth a combined total of $17.2 billion being transacted, according to a recent report from Irving Levin Associates.