The combination of Georgia-based Floyd Medical Center with North Carolina-based Atrium Health was a July highlight. “We expect that the home-health sector will continue to be very active with regard to both smaller companies being acquired by larger regional organizations with sophisticated corporate infrastructure, and also national companies continuing to expand their overall revenues and geographic footprint,” Herschman said.Įight hospital and health-system transactions were announced or closed in July, down from 12 in June and 10 in July 2020, said Torres. Two factors helped spur activity in the sector: the goal of providing community-based care in the least costly setting, and the demand for home-based care for the elderly during the Covid-19 pandemic. Home care and hospice deals continued to be on the upswing, with 21 deals in July, said Herschman. The transaction adds 11 in vitro fertilization labs and 26 locations to the Unified network. Unified Women’s Healthcare’s acquisition of CCRM, one of the largest providers of fertility related services in the U.S., is also significant, he said. Webster’s acquisition of RGI will further expand its share of the reproductive-care market, building on its 2019 acquisition of Santa Monica Fertility, he said. Two July transactions were notable, Torres said: Webster Equity Partners’ acquisition of Reproductive Gynecology & Infertility, and Unified Women’s Healthcare’s acquisition of Colorado Center for Reproductive Medicine. Interest should remain high as buyers look to expand and take advantage of factors that are increasing demand for fertility services, such as the increased age of women at childbirth, Torres said. Mergers and acquisitions within the infertility/reproductive-care sector continued to accelerate, with interest from both strategic and financial acquirers, including Webster Equity Partners, InTandem Capital Partners, Boston IVF, and Unified Women’s Healthcare. Physicians are also looking for the security of being part of well-capitalized and professionally managed organizations, and to cash in on the market value of their practices, Herschman said. Transactions could exceed 100 in the third quarter of 2021 amid concern about a possible capital gains tax increase being pushed by the Biden administration, said Gary Herschman of Epstein, Becker & Green in Newark, N.J. ![]() But the number of deals was still significantly higher than last year, which saw just 6 in July. ![]() Physician practices and services activity slowed in July, with 19 deals closed or announced, down from 26 in June, said Hector Torres of FocalPoint Partners in Chicago. Medical devices and supplies also had 36 announced and closed deals in July, and interest is expected to remain high in coming months, said Ross White of KPMG in Washington. But rising Covid-19 case rates could increase interest in the sector by spurring demand for telehealth and renewing the focus on reaching patients in alternative care settings, Kocot said. Health information technology and software had 36 announced and closed transactions in July, down from a record high of 50 in June. “With FDA granting full approval of the Pfizer-BioNTech COVID-19 vaccine earlier this month, new COVID-19 therapeutics on the horizon and administration of COVID-19 booster shots beginning next month, interest in the sector is expected to remain hot for the remainder of the year,” he said. The life sciences and pharmaceuticals sector continued to run hot in July, with 48 announced or closed deals for the month, and 300 for the year, Kocot said. Some sites may require you to agree to their terms of use and privacy policy.KPMG in Washington and FocalPoint Partners of Chicago prepared the curated year-to-date list and the list of select July transactions for Bloomberg Law. ![]() The site may also contain non-Medicare related information. This new site may be offered by a vendor or an independent third party. You are leaving this website/app ("site"). Other Adobe accessibility tools and information can be downloaded at. One option is Adobe ® Reader ® which has a built-in screen reader. To view this file, you may need to install a PDF reader program. ![]() Telligent is an operating division of Verint Americas, Inc., an independent company that provides and hosts an online community platform for blogging and access to social media for Blue Cross and Blue Shield of Texas.įile is in portable document format (PDF). © Copyright 2022 Health Care Service Corporation. Blue Cross and Blue Shield of Texas, a Division of Health Care Service Corporation,Ī Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association
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