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. 

CVS Health completes $8B acquisition of Signify

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

March 31, 2023
layoffs staff cuts termination workforce

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.

March 24, 2023
Newsletters

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.

March 23, 2023

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. 

 

March 14, 2023
Pfizer

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.

March 13, 2023

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.

March 3, 2023
Merger Contract

MercyOne completes acquisition of Genesis

The deal was first announced in September 2022, and with its closure, all interests and operations of Genesis become part of MercyOne.

March 2, 2023
Hospice | Caregiving

ProMedica sells hospice and home care business to Gentiva for $710M

The deal is expected to close in the second quarter of 2023.

March 1, 2023

Around the web

Half a year after President Biden officially directed federal agencies in the executive branch’s bailiwick to “seize the promise and manage the risks” of AI, the White House has posted a status report.

U.S. physicians often receive payments from medical device manufacturers and pharmaceutical companies. New research in JAMA found a connection between receiving such payments and using specific devices—should the industry be concerned? 

Five of the largest U.S. medical societies focused on cardiovascular health are one step closer to seeing their paradigm-shifting proposal become a reality.

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