Mergers & Acquisitions

The healthcare industry sees a lot of consolidation between both vendors and healthcare providers this channel tracks mergers and acquisitions between large healthcare systems, community hospitals, private practices, vendors and private equity investors. Health systems have been growing in size substantially in the past decade with mergers with smaller healthcare systems and hospitals. This is largely due to the need to be more efficient amid lower reimbursements and rising costs by building an economy of scale in a larger health system. On the vendor side, mergers have become a common way to reduce research and development costs by purchasing intellectual rights for new technologies, or to purchased companies with new technologies that already have regulatory market clearance. 

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CVS Health completes $8B acquisition of Signify

CVS Health has completed its acquisition of Signify Health. The deal was first announced in September 2022.

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Amgen to lay off 450 in second round of employee cuts

The move comes after the company reported revenues of $26.3 billion in 2022 and and a net income of more than $6.55 billion.

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Sen. Warren asks FTC to review CVS Health’s $10.6B acquisition of Oak Street Health

According to Warren, the FTC should scrutinize any healthcare deal that threatens competition, increases prices and reduces the quality of care.

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Department of Justice drops bid to quash UnitedHealth-Change Healthcare merger

The DOJ first filed suit more than a year ago, arguing the $8B, all-cash deal would stifle competition in the claims-processing and health insurance marketplaces. 

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Sanofi to acquire Provention Bio for $2.9B

Provention Bio's TZIELD is the first and only therapy to delay the onset of Stage 3 type 1 diabetes (T1D) in adults and pediatric patients aged 8 years and older with Stage 2 T1D. 

 

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Pfizer to acquire Seagen for $43B

“Together, Pfizer and Seagen seek to accelerate the next generation of cancer breakthroughs and bring new solutions to patients by combining the power of Seagen’s antibody-drug conjugate technology with the scale and strength of Pfizer’s capabilities and expertise," says Pfizer Chairman and CEO Albert Bourla, PhD.

One of the nation’s largest mobile imaging providers gets even bigger with latest acquisition

West Fargo, North Dakota-headquartered DMS Health Technologies is acquiring the assets of Advanced Imaging Management, bolstering its MRI and ultrasound offerings.  

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UnityPoint Health to merge with Presbyterian Healthcare Services

Both organizations signed a letter of intent to merge in a deal where both would keep their brands and continue to deliver care locally.