Healthcare M&A Transactions

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The following transactions are provided

as a matter of public record and compiled to provide

an overview of recent acquisition and merger activities

within the healthcare industry.

Recent Healthcare Transactions

Portage Health announce that it will acquire Keweenaw Home Nursing and Hospice
Arcadia Resources announced the acquisition of Carolina Care, LLC
SunLink Health Systems, Inc. announced that it has acquired Carmichael 's Cashway Pharmacy, Inc. With annual revenues of approximately $42.2 million, Carmichael's is a leader in the provision of infusion therapy, specialty and institutional pharmacy services, enteral products, respiratory medications, medical equipment and retail pharmacy services to rural communities in southwest Louisiana and eastern Texas.
McKesson Corporation (San Francisco, CA) signed a definitive agreement to acquire McQueary Brothers Drug Company (Springfield, MO), a regional pharmaceutical and drug-store supply distributor currently serving over 400 independent and regional chain pharmacies in Missouri, Arkansas, Illinois, Kansas, Oklahoma, Nebraska and Iowa. The $190 million cash transaction is expected to close in Q2 2008.
Comprehensive Pharmacy Services (Memphis, TN) signed a definitive agreement to purchase the pharmacy management service business of McKesson Medication Management (MMM) from McKesson Corporation (San Francisco, CA) for an undisclosed price. When the deal is complete, the combined CPS and MMM will serve 218 client facilities in 41 states and employ 1,450+ pharmacy professionals.
Almost Family Inc (AFAM - news) . Tuesday said it would buy all the assets of a home health agency owned by Apex Home Healthcare Services for $16 million.Under the terms of the agreement, Almost Family will buy the assets for $12 million in cash, $3 million in notes payable and $1 million of its restricted common stock. The $1 million in stock is equal to about 50,000 shares.
Kinetic Concepts Inc (San Antonio, TX), which designs, manufactures, and markets a wide range of advanced wound care and therapeutic support systems, signed a definitive agreement to acquire LifeCell Corporation (Branchburg, NJ) for $51.00/share, or $1.7 billion in cash. LifeCell is a provider of innovative biological products for soft tissue repair. The boards of directors of both companies have unanimously approved the deal. After the transaction is completed, LifeCell will operate as a new global biosurgery division within KCI.
Amerita, Irvine, Calif., has acquired IV Solutions, one of the largest independent infusion pharmacies in Nashville, Tenn.
Wright Medical Group Inc (Arlington, TN) completed its acquisition of InBone Technologies (Berkeley, CA) for an initial cash payment of $24 million, guaranteed minimum future payments of $3.7 million and potential additional cash payments based upon the future operational and financial performance of the company. The deal is the seventh business development initiative targeted for the foot and ankle surgery market that Wright has executed over the last year. The company has initiated the distribution of the INBONE™ product line through its U.S. distribution network.
Amedisys Inc (Baton Rouge, LA) closed on its acquisition of TLC Health Care Services Inc (Lake Success, NY) for $395.0 million in cash. TLC Health Care Services includes 92 home health and 11 hospice agencies in 22 states and the District of Columbia. Amedisys financed the acquisition with $500 million in new senior, unsecured credit facilities comprised of a five-year $250 million revolving credit facility, a five-year $150 million term loan, and $100 million in privately-placed senior notes, which mature in years 2013 through 2015. The new $500 million in credit facilities replace the company’s three-year $100 million unsecured revolving credit facility. Required regulatory approvals associated with the acquisition of TLC’s West Virginia agencies will result in a later closing date for the three home health and three hospice agencies located in that state. Amedisys believes that the regulatory approvals and separate closing will occur in Q2 2008.
In a deal estimated to affect more than 150,000 U.S. physicians and another 700 hospitals, Allscripts and Misys Healthcare have announced a merger. The transaction, announced early Tuesday morning, gives British-based Misys Plc a 54.5 percent stake in the combined company, in which Raleigh, NC-based Misys Healthcare will be folded into a wholly owned subsidiary of Allscripts. Allscripts, based in Chicago, provides clinical software, connectivity and information solutions for physicians.
Allion Healthcare Signs Definitive Agreement to Acquire Biomed America, a Leading Provider of Home Infusion and Specialty Pharmacy Services Focused On Patients with Chronic Conditions. The $117.8 million purchase price consists of $48.0 million in cash and a total of 9.35 million shares of Allion common and Series A preferred stock valued at $51.4 million based on the closing share price on March 12, 2008 of $5.50, plus the assumption of up to $18.6 million of debt. In addition, Allion may make an earn-out payment in 2009 if Biomed achieves certain financial performance benchmarks during the first 12-month period post closing.
Almost Family, Inc. (Nasdaq: AFAM) today announced an agreement to acquire the assets of the Medicare-certified home health agency owned by Apex Home Healthcare Services, L.L.C. with operations in Jacksonville and Ormond Beach FL.
Hanger Orthopedic Group, Inc. (NYSE: HGR) is pleased to announce that it has acquired Colorado Professional Medical, Inc., Beverly Hills Prosthetics-Orthotics, Inc., Orthotic-Prosthetic Center, Inc., Precision Orthotics of Tuscon, Inc., and Compton-Jones Orthotics, LLC. These acquisitions provide Hanger with an enhanced presence in Colorado, California, Florida, Arizona and West Virginia, respectively, and they add a net total of nine additional patient care facilities.
DOYLESTOWN, Pennsylvania and OXFORD, England, March 11 /PRNewswire/ -- EUSA Pharma Inc (’EUSA’), a transatlantic specialty pharmaceutical company focused on oncology, pain control and critical care, today announced that it has entered into a definitive agreement to acquire all the outstanding shares of Cytogen Corporation (NASDAQ: CYTO) for US$22.6 million. Cytogen is a specialty pharmaceutical company with three oncology and pain control products on the American market, a specialist US sales force and an established commercial infrastructure. To meet the acquisition consideration, and fund further investments, EUSA Pharma has concurrently raised over US$50 million in an investment round, led by TVM Capital, an international venture capital firm.
Walgreen Co (Deerfield, IL) created the Walgreens Health and Wellness division to manage health centers and pharmacies at large-company worksites. As part of the new division's strategy, Walgreen plans to acquire two operators of worksite health centers. Upon acquiring I-trax Inc (Chadds Ford, PA), parent company of CHD Meridian Healthcare LLC, and privately held Whole Health Management (Cleveland, OH), Walgreen will have more than 500 worksite and retail health centers located in 40 states.
OPG Groep N.V. announces it will acquire Byram Healthcare, one of the largest providers of medical supplies for home healthcare and related services ('direct activities') in the US for a total amount of $ 132 million (€ 90 million) in an all cash transaction. The acquisition, which is expected to be immediately accretive to OPG’s Earnings Per Share, will be financed through a new bank facility, existing credit lines and cash on hand.
DW Healthcare Partners (Salt Lake City, UT) sold one of its portfolio companies, NWT Inc (Tandem Labs) (Salt Lake City, UT), to Laboratory Corporation of America Holdings (Burlington, NC). Tandem Labs is a bioanalytical and immunoanalytical contract research organization.
Gentiva Health Services, Inc. announced today that it has completed its acquisition of 100% of the ownership interest in Home Health Care Affiliates, Inc. and certain of its subsidiaries and affiliates (HHCA) for $55 million in cash, subject to post-closing adjustments. HHCA operates home health and hospice agencies in Mississippi under the brand names of Gilbert's Home Health and Gilbert's Hospice Care. Annualized 2007 unaudited net revenues for the Gilbert's operations were approximately $37 million, of which approximately $33 million related to home health services and $4 million to hospice services. Gilbert's Home Health and Gilbert's Hospice Care, with approximately 500 employees and a business mix that is approximately 81% Medicare, deliver their services through 14 locations covering 50 of 82 counties in Mississippi, a Certificate of Need state for home health.
Critical Homecare Solutions (CHS), a provider of home infusion therapy and specialty infusion services announced the sale to MBF Capital Partners , a publicly traded special purpose acquisition company, for $420.0 million. This deal will allow Critical Homecare to tap the public equity markets to solidify its position as one of the top four home infusion companies in the country.
Amedisys Inc (Baton Rouge, LA) signed a definitive stock purchase agreement to acquire all of the outstanding shares of TLC Health Care Services Inc (Lake Success, NY) for $395 million in cash. TLC has 92 home health and 11 hospice agencies located in 22 states and the District of Columbia. The transaction is subject to customary closing conditions, including receipt of certain regulatory approvals, and is expected to close early in the second quarter of 2008. With this acquisition, Amedisys will have over 480 agencies in 35 states, Puerto Rico and the District of Columbia.
Odyssey HealthCare Inc (Dallas, TX) announced that the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to Odyssey HealthCare's acquisition of VistaCare Inc (Scottsdale, AZ) has expired. The acquisition includes a cash tender offer of all outstanding shares of VistaCare common stock followed by a cash merger in which Odyssey will acquire any remaining shares of VistaCare common stock.
Gentiva Health Services Inc (Melville, NY) signed a definitive agreement to acquire 100 percent of the ownership interest in Home Health Care Affiliates Inc (HHCA) and certain of its subsidiaries and affiliates for $55 million in cash, subject to post-closing adjustments. HHCA operates home health and hospice agencies in Mississippi under the brand names of Gilbert's Home Health and Gilbert's Hospice Care. Gentiva will fund the transaction with a combination of existing cash balances and borrowings from its revolving credit facility.
Inverness Medical Innovations Inc (Waltham, MA) will acquire Matria Healthcare Inc (Marietta, GA) for $1.18 billion. Matria provides health enhancement, disease management, and high-risk pregnancy management programs and services. The company will be consolidated with the Alere and Paradigm businesses, which Inverness recently acquired, to form an organization with a health management market focus. The cost of the acquisition consists of approximately $900 million to acquire the Matria shares of common stock and assumption of approximately $280 million of Matria's outstanding debt.
Accredo (a Medco subsidiary) has signed a definitive agreement to acquire Critical Care Systems, Inc. one of the nation's largest independent and most successful providers of home-based and ambulatory specialty infusion services. Critical Care Systems is a privately held firm with 42 branches in 29 states, serving approximately 38,000 patients.
RecoverCare LLC (Plymouth Meeting, PA), a national provider of therapeutic mattresses, bariatric equipment and safe patient handling solutions to hospitals, nursing homes and home care patients, acquired Patient Care Systems Inc (PCS) (Houston, TX), a provider of similar products. Through the acquisition, RecoverCare will add 38 service centers in 26 states to its extensive service network, covering Texas and the southeast, midwest and New England states. RecoverCare now has more than 100 service centers nationwide.
Philips Electronics NV will acquire Respironics Inc (Murrysville, PA) for $5.2 billion. Philips Electronics will pay $66/share in cash. Respironics' board of directors agreed to the deal, and shareholders must also give their approval. The company posted sales of about $1.2 billion in the 12-month period ended September 2007. After the deal closes, Respironics will become the headquarters for Philips Home Healthcare Solutions group. Respironics' senior executives are expected to remain, including CEO John Miclot.
Specialty infusion provider, Amerita, Inc. acquired Infusion Innovations, a specialty infusion pharmacy in Salt Lake City, Utah. This is the fifth acquisition for Amerita and extends the company’s local operating model into the high-growth markets along the front range of central and southern Utah.
AmerisourceBergen Corp (Chesterbrook, PA) plans to sell its PMSI workers' compensation business in order to focus on pharmaceutical distribution and related services. The company has solicited buyers and is reviewing initial bids. In the last fiscal year, PMSI had $460 million in revenue but experienced a disappointing first quarter this year.
Amedisys Inc (Baton Rouge, LA) acquired six home health agencies from University Medical Center (Savannah, GA) at an undisclosed price. The transaction, effective December 31, 2007, includes agencies in South Carolina and Georgia. The acquisition is expected to contribute approximately $10 million in net revenue in 2008, although it is not expected to add materially to Amedisys' earnings in 2008. Terms were not disclosed.
Odyssey HealthCare Inc (Dallas, TX) signed a definitive agreement to acquire VistaCare Inc (Scottsdale, AZ) for $8.60/share, or approximately $147.1 million. The deal is expected to close during Q1 2008 and is subject to customary closing conditions. The two-step transaction includes a cash tender offer for all outstanding shares of VistaCare common stock followed by a cash merger in which Odyssey would acquire any remaining outstanding shares of VistaCare common stock. The company will fund the transaction with $30 million of its own cash and a funded commitment of $150 million from GE Capital. For the year ended September 30, 2007, VistaCare reported annual revenue of approximately $241 million. After the deal is complete, Odyssey will have approximately 110 owned or operated locations in 31 states and an average daily census of more than 12,000.
Graham-Field Health Products (Atlanta, GA) completed its acquisition of Lumiscope® (Piscataway, NJ), a manufacturer and distributor of diagnostic devices and respiratory, orthopedic support, electrotherapy and thermometry products for hospitals, physicians and consumers. Lumiscope’s former president, Marc Bernstein, will continue to manage Lumiscope's products and customers. Lumiscope will transition its customer service, quality assurance, engineering, technical support and repair departments; warehousing and manufacturing to Graham-Field’s existing East Rutherford, New Jersey complex. The acquisition is part of Graham-Field's strategy to accelerate growth within several of its core product categories.
Palmetto Infusion Services, LLC, a division of Winyah Health Care Group was acquired by InfuScience, Inc. Palmetto Infusion Services is a leading provider of infusion therapies to patients throughout South Carolina and Georgia. Palmetto provides infusion services to its patients in the home or in one of its Ambulatory Infusion Centers.
NovaMed Inc (Chicago, IL) acquired The Buying Group (Minneapolis, MN), an optical products purchasing organization, for approximately $7 million. The transaction closed on December 31, 2007. The Buying Group has over $24 million in gross sales and approximately $2.4 million in net revenue. NovaMed operates 34 ambulatory surgery centers in partnership with physicians, and also owns and operates two wholesale optical labs and an optical products purchasing organization. This acquisition solidifies NovaMed’s position as one of the leading optical products purchasing organizations in the nation.
HAPC to acquire InfuSystem from I-Flow HAPC Inc (New York, NY) announced shareholder approval for the acquisition of InfuSystem Inc (Madison Heights, MI), a provider of ambulatory infusion pump services, from I-Flow Corp (Lake Forest, CA). HAPC expects to complete the acquisition in the coming days. Terms of the acquisition stipulate that HAPC will acquire all the outstanding shares of InfuSystem from I-Flow for $100 million, plus additional contingent consideration.
Medical Specialties Distributors LLC (Stoughton, MD) acquired Wren Medical Systems Inc (Gurnee, IL), a distributor of infusion and enteral therapy products to both the alternate site and acute care markets. Further details were not disclosed.
Apria Healthcare Group Inc. and Coram, Inc., a privately-held national provider of home infusion and specialty pharmaceutical services, jointly announced today that they have entered into a definitive merger agreement whereby Apria will acquire Coram. Under the terms of the agreement, Apria will acquire all the outstanding shares of Coram for a cash price of $350 million. The transaction is conditioned upon obtaining customary governmental and regulatory approvals and other standard closing conditions. Apria anticipates closing the acquisition as soon as possible after satisfaction of the closing conditions, which could occur as early as mid-November.
Medical Specialties Distributors LLC (Stoughton, MD) acquired Wren Medical Systems Inc (Gurnee, IL), a distributor of infusion and enteral therapy products to both the alternate site and acute care markets. Further details were not disclosed.
Corinthian Care Group, LLC (“CCG”) was acquired by Option Care, Inc. (NASDAQ: OPTN). CCG is a leading infusion therapy provider that specializes in servicing patients with chronic or long-term disorders, as well as patients requiring traditional home infusion therapies and services. The Company also provides on-site infusion suite services in the Texas area.
Express Scripts (Maryland Heights, MO) acquired ConnectYourCare LLC (Hunt Valley, MD) from Revolution Health (Washington, DC). ConnectYourCare features a proprietary account administration platform built specifically to administer health accounts, including health savings accounts (HSA), health reimbursement arrangements (HRA), flexible spending accounts (FSA) and dependent care and retiree medical reimbursement accounts. Express Scripts will operate the company as a stand-alone unit. Terms were not disclosed.
Home Solutions, Inc. and American Infusion Holdings, LLC announced today that the two companies have merged into a newly formed company which will operate under the Home Solutions banner. Financial terms of the transaction were not disclosed. American Infusion will combine its clinical and customer service staff into Home Solutions’ existing Livingston, NJ facility.
Great Lakes Home Health Services, Inc., a leading regional provider of full service home health services, hospice, and durable medical equipment, headquartered in Jackson, Michigan, announced that it has completed a recapitalization which will allow the Company to significantly expand its geographic presence. Great Lakes has partnered with Pouschine Cook Capital Management, LLC, a New York City-based private equity firm.
Riverside Partners (Boston, MA) acquired New England Precision Grinding (Holliston, MA) and Accu-Met Laser (Cranston, RI). Both acquisitions were completed in partnership with the existing management teams and the two companies have been merged into one combined operating company. Both NEPG and Accu-Met are outsourced manufacturers for medical device OEMs.
Anchor Medical, Inc. has been acquired by Polymedica Corporation.
Vital Signs Inc (Totowa, NJ) acquired a sleep diagnostic company and a durable equipment supplier in its Sleep Segment business unit. Sleep Services of America Inc (Glen Burnie, MD), a majority owned Vital Signs subsidiary, acquired the assets of Southern Sleep Technologies LLC (Macon, GA) and Southern Home Respiratory Care LLC. Southern Sleep Technologies LLC primarily provides sleep diagnostic services in both free standing and hospital owned sleep laboratories, and Southern Home Respiratory Care LLC is a provider of CPAP equipment to sleep apnea patients. Southern Sleep and Southern Home Respiratory had revenue of $2.1 million in 2006 and the acquisition costs are approximately $3 million. Vital Signs now owns 73% of SSA, with Johns Hopkins Health System Corp (Baltimore, MD) owning 26%.
Walgreen Co. (NYSE, NASDAQ: WAG) and Option Care, Inc. (NASDAQ: OPTN) today announced a definitive agreement in which Walgreens will acquire Option Care in a cash transaction for $19.50 per share. With the assumption of some debt, the transaction has a total enterprise value of approximately $850 million. The acquisition will create national access to Walgreens specialty pharmacy and home infusion services for patients and payors.
Critical Homecare Solutions (PA) acquired Infusion Solutions (NH). Paragon Ventures initiated the transaction and represented Infusion Solutions throughout the process.
MedAssets Supply Chain Systems (Alpharetta, GA) entered into an agreement to acquire MD-X Solutions Inc (Mahwah, NJ), a provider of revenue cycle technology and services. The deal will expand MedAssets' offering to include broad solutions for Business Office outsourcing, comprehensive Denials Management software and services, HIM compliant documentation, Point-of-Service collections improvement, and "Silent PPO" Discount Recovery. Details about the agreement, which is expected to be finalized in July 2007, were not disclosed.
LifeGas, a division of Linde Gas USA LLC (Independence, OH), has announced its acquisition of Patterson Medical Repairs Inc (Cohoes, NY), effective June 8, 2007. Linde Gas is a North America affiliate of The Linde Group. Patterson is a full service specialty medical company specializing in oxygen distribution and medical equipment repair. With the transaction, LifeGas acquires Patterson's seven locations in NY, MA, MD and VA, including 60 employees as well as the existing management team
Senior Home Care, Inc., a leading provider of home healthcare services (“Senior Home Care”), yesterday announced its acquisition of Synergy, Inc. (“Synergy”) from Synergy Healthcare Systems, Inc. Terms were not disclosed. Synergy, with headquarters in Baton Rouge, Louisiana, is the leading provider of home nursing services targeting the Medicare population in Louisiana, with 17 branch offices.
Rite Aid Corp (Camp Hill, PA) acquired 1,854 Brooks Pharmacy Inc (Warwick, RI) and Eckerd Drug Stores (Largo, FL) stores and six distribution centers from The Jean Coutu Group Inc, creating the largest drugstore chain on the East Coast and significantly strengthening its position as the third largest US drugstore chain. The Jean Coutu Group received $2.36 billion in cash, subject to a working capital adjustment, and 250 million shares of Rite Aid common stock in the transaction, giving it an approximate 32% common equity interest and approximately 30% of the voting power in Rite Aid. Brooks Eckerd will be integrated into Rite Aid in phases, including replacing all store systems with Rite Aid state-of-the-art technology and a minor remodel of all the stores.
LHC Group, Inc. (NASDAQ: LHCG), a provider of post-acute healthcare services primarily in rural markets, announced today that it has signed a definitive agreement with Princeton Community Hospital Association, Inc. to create a partnership relating to the home health services located in Princeton, West Virginia. LHC Group will acquire a controlling interest in the assets of Princeton Community HomeCare, LLC and will oversee the day-to-day operations. Total Medicare revenue for 12 months for this location is approximately $1.3 million. This agency will begin service effective May 1, 2007, with LHC Group and will operate as PCH Home Health.
PSA Healthcare Inc (Norcross, GA) and Portfolio Logic LLC entered into a definitive agreement pursuant to which PSA will become a privately-owned company. Portfolio Logic will acquire all of the outstanding common shares of PSA not owned by Portfolio Logic at a price of $16.25/share, paid in cash. Portfolio Logic, a private investment firm primarily focused on health care and business services companies, has been an investor in PSA since 2004 and presently owns 14.9% of PSA's common shares.
Walgreen Co declared its intent to acquire Take Care Health Systems in a move to offer more patient services in its drugstores. Terms of the all cash transaction were not disclosed. The acquisition is scheduled to close by May 25, 2007. Walgreen intends to have more than 400 clinics within its stores by the end of 2008, up from 59 it currently has. Take Care operates 50 clinics in Chicago, Illinois; Kansas City, Missouri; Milwaukee, Wisconsin; Pittsburgh, Pennsylvania; and St. Louis, Missouri.
Cardinal Health to acquire VIASYS Healthcare for approximately $1.5 billion Cardinal Health Inc (Dublin, OH) signed a definitive agreement to acquire VIASYS Healthcare (Conshohocken, PA) for approximately $1.5 billion, including the assumption of outstanding debt. VIASYS develops and markets respiratory care systems for critical care and diagnostic use. The transaction is expected to be completed in summer 2007.
Respironics announced that it has acquired substantially all of the operating assets of the J. H. Emerson Company ("Emerson") for a purchase price of approximately $23.0 million. Emerson achieved revenues for calendar year 2006 of approximately $8.0 million.
Hillenbrand Industries, Inc. (NYSE: HB) today announced that its Board of Directors approved in principle a plan to separate into two independent publicly traded companies, each strategically positioned to capitalize on growth opportunities in their respective markets. Under the plan, Hill-Rom, the company’s medical technology business, would be spun out of Hillenbrand Industries through a tax free dividend of its shares to Hillenbrand Industries shareholders. Batesville Casket would become the sole operating unit of Hillenbrand Industries and would continue to be publicly traded under the Hillenbrand Industries name. The separation is expected to be completed within nine months.
Integra LifeSciences Holdings Corp (Plainsboro, NJ) acquired LXU Healthcare Inc (West Boylston, MA) for $30.0 million. LXU employs approximately 140 employees. LXU will be operated as part of Integra's Jarit Surgical Instruments business activities. LXU is comprised of three businesses: Luxtec - a manufacturer of fiber optic headlight systems for the medical industry; LXU Medical - A specialty surgical products distributor; and Bimeco - A critical care products distributor.
Wright Medical Group Inc (Arlington, TN) announced that it has completed its acquisition of substantially all the assets of Darco International Inc's (Huntington, WV) reconstructive foot surgery line of business for approximately $17 million in cash.
Symmetry Medical Inc (Warsaw IN) recently announced the acquisition of TNCO Inc (Whitman, MA), a specialty medical instrument company, for $7.0 million in cash. TNCO designs and supplies precision instruments for arthroscopic, laparoscopic, sinus and other minimally invasive procedures.
Select Medical Corp (Mechanicsburg, PA) signed a definitive agreement to acquire Nexus Health Systems (Houston, TX) for $49 million in cash plus the assumption of a capital lease. Nexus provides medical services in the residential and medical specialty fields. The transaction is expected to close in the second quarter of 2007
Amedisys, Inc. announced the acquisition of a home care and hospice business providing services in the greater San Antonio, Texas area. The transaction was effective as of March 1, 2007, and is expected to contribute approximately $5.4 million in total annualized revenues.
Southern Home Care Services Inc signed a definitive agreement to purchase substantially all of the operating assets and business of Kelly Home Care Services Inc, a wholly owned subsidiary of Kelly Services Inc. Kelly Home Care operates in 18 states, providing in-home care to the elderly and people with disabilities. Services are primarily custodial care, and the revenue mix is substantially private pay and long-term care insurance. The expected annualized revenue is approximately $55 million, and the purchase price is $12.5 million.
Walgreen Co. is buying 53 specialty drugstores from Familymeds Group Inc. of Farmington, Conn., for $60 million.
Polymedica Corporation acquired QualityCare, Inc. a provider of diabetic supplies.
Cardinal Health, the leading provider of products and services supporting the healthcare industry, acquired SpecialtyScripts Pharmacy to broaden its specialty pharmaceutical service offerings for pharmaceutical manufacturers.
PSA Healthcare to acquire Maternal Child Health PSA Healthcare Inc (Norcross, GA) will acquire select pediatric assets of Maternal Child Health Inc, including the company’s pediatric nursing business in the Illinois, Texas and Pennsylvania markets. The purchase price is approximately $4 million in cash and MCH will retain its accounts receivable. Maternal Child Health’s pediatric net revenue for the trailing twelve months totals approximately $12.4 million.
Progress Equity Partners has acquired Holdaway Medical Services in Louisville, KY
Almost Family, Inc. (Nasdaq: AFAM) today announced the acquisition of the assets and business operations of BayCare HomeCare’s home health agency located in Jacksonville, Florida.
Amedisys has acquired the home health agency of Sun Health located in Sun City, AZ
Southern Home Medical Equipment, Inc. announced that it completed the closing of the purchase of Apnea RX. Apnea RX is a durable medical equipment company located in Clemson, S.C. Apnea RX focuses primarily on the sleep market with a secondary focus on respiratory.
Miller Medical and Respiratory (Philadelphia, PA) has been acquired by Landauer Metropolitan (Mount Vernon, NY)
RoundTable Healthcare Partners announced that it has completed the acquisition of Advantis Medical, Inc.. Advantis is a leading designer and manufacturer of medical case / tray organizing systems for surgical instruments, implants and medical devices.
RecoverCare (Plymouth Meeting, PA) and Sten-Barr Medical (Tampa, FL) announced they have signed an agreement to combine the two companies. Both organizations provide therapeutic support surfaces, specialty beds and bariatric equipment to hospitals, nursing homes and home care patients.
Navarro Discount Pharmacies announced a financial investment by MBF Healthcare Partners (MBF).
Almost Family announced the acquisition of the Medicare-certified home health agencies of Mederi of Coconut Grove, Fla. for $19 million.
Diversified Clinical Services (Jacksonville, FL) and Wound Care Centers Inc (Nashua, NH) will be under common ownership of WCS Clinics Inc. This consolidation is being funded by private equity firms, The Jordan Company LP, Edgewater Capital, and Bolder Capital, and their respective affiliates.
PharMedCorp (Westlake, OH) has announced that effective January 1, 2007 they will acquire Schuemann Surgical Supply (Cleveland, OH)
Blue Medical Supply Inc (Marietta, GA) announced that it has acquired privately-held Mercury Medical Physicians Supply Division (Clearwater, FL), a distributor of medical and surgical supplies, equipment and pharmaceutical-related
Amedisys Inc (Baton Rouge, LA) acquired the home health agency of Sun Health Corp (Sun City, AZ), effective November 1, 2006. The acquisition is expected to contribute approximately $4.5 million in annualized revenues. Amedisys also entered into an agreement with Sun Health MediSun, an affiliate of Sun Health, to provide home health services to members of its Medicare Advantage plans. Terms of the agreements were not disclosed.
Caremark Rx Inc (Birmingham, AL) and CVS Corp (Woonsocket, RI) entered into a definitive merger agreement valued at $21 billion
Andover Medical Inc (North Andover, MA) signed a letter of intent to acquire Rainier Surgical Inc (Auburn, MA), an orthopedic solutions company and distributor of orthopedic DME services in the Northwest
LHC Group, Inc. has signed a definitive agreement to acquire the Florida-based assets of Lifeline Home Health Care. This acquisition will mark LHC Group’s expansion into the state of Florida, which includes locations in Lakeland, Ocala, Sebring, Marathon, Sarasota, Port Charlotte, and The Villages.
Riverside Company completed the purchase of ActivStyle, a distributor of consumable medical supplies with an emphasis on incontinence products.
Amerita, Inc. announced it has acquired San Antonio, TX based Access Therapeutics Infusion
Eureka Growth Capital ("Eureka") today announced the sale of its portfolio company, Specialty Pharma, Inc. ("SPI"), to Critical Homecare Solutions, Inc. ("CHS"), a wholly-owned subsidiary of KCHS Holdings, which is an affiliate of Kohlberg & Company, L.L.C.
Allion Healthcare, Inc. completed the acquisition of the HIV/AIDS division of H&H Drug Stores, Inc., a Los Angeles, California based pharmacy doing business as Western Drug
Anchor Medical, Inc. has been acquired by Polymedica Corporation. Anchor Medical is a specialty diabetic supply company with approximately 15,000 diabetic patients.
Bain Capital LLC's behavioral health care company, CRC Health Group, has done its largest add-on deal, buying private equity-backed Aspen Education Group, which provides therapy programs to at-risk youths.
LHC Group Inc (Lafayette, LA), a provider of post-acute health care services primarily in rural markets in the southern United States, announced its plans to acquire the Florida-based assets of Lifeline Home Health Care.
CVS Corp (Woonsocket, RI) completed its acquisition of MinuteClinic (Minneapolis, MN), a provider of retail-based health clinics
Walgreens has acquired C&M Pharmacy, a Chicago-based specialty pharmacy that has been in operation for 10 years serving patients with HIV/AIDS
Sun Health Corp (Sun City, AZ), a hospital and hospice operator, was acquired by the equity investment firm Riverside Company (Cleveland, OH).
Arcadia Resources, Inc. (Amex: KAD), a leading national provider of home care, staffing services, and related home care equipment, announced today that it has acquired Lovell Medical Supply Inc., a respiratory and durable medical equipment (DME) company with locations in Mount Airy, Elkin, North Wilkesboro and Statesville, North Carolina. Lovell Medical Supply currently generates approximately $3 million in annualized revenues.
WebMD Health Corp (Elmwood Park, NJ), acquired the interactive medical education, promotion and physician recruitment businesses of Medsite Inc (New York, NY). WebMD paid $41 million in cash at the closing of the acquisition.
Lincare acquired the respiratory and DME business segments of Pediatric Services of America
Apria Healthcare acquired the assets of Western Medical
Sun Healthcare Group Inc (Irvine, CA) agreed to sell SunPlus Home Health Services Inc to AccentCare Home Health Inc (Irvine, CA) for $19.3 million. SunPlus is a subsidiary of Sun that provides skilled home health care, non-skilled home care, as well as home pharmacy services in California and Ohio.
RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the healthcare industry, acquired a majority interest in Aspen Surgical Products, Inc. ("Aspen") a leading manufacturer and marketer of disposable medical products for surgical and general healthcare applications.
Walgreens Completes Acquisition of Medmark Specialty Pharmacy Solutions
Arcadia Resources acquired three durable medical equipment locations in Naples, Sarasota and Englewood, Florida, from Alliance Oxygen & Medical Equipment
Rainier Home Health Care Pharmacy acquired by Omnicare
Sunrise Senior Living to Acquire Trinity Hospice for $68 Million
Owens and Minor acquired Key Diabetes Supply
Allion Healthcare Closes Acquisition of St. Jude Pharmacy & Surgical Supply
Darby Group Companies (Jericho, NY), one of the nation’s largest privately owned health care distributors, announced the sale of Island Dental Co Inc, Darby Medical Supply Co and Darby Dental Laboratory Supply Co Inc to Henry Schein Inc (Melville, NY) to Henry Schein.
Specialty Medical Supply has been acquired by Polymedia
Orthofix announces agreement to acquire Blackstone Medical Inc for $330MM
Derma Sciences acquires Western Medical LTD

Gentiva acquired Carolina Vital Care

Amedisys acquired West Virginia Home Health Services

Lincare acquired CareTrust Infusion

Specialty Medical Supply, Inc., has been acquired by PolyMedica Corporation (NASDAQ: PLMD).

Walgreen Co. has completed its merger with the Delaware-based Happy Harry's pharmacy chain

MedServ Equipment Corp. has acquired Miller Medical, an 11-year-old HME in Arlington Heights, IL

First Choice Home Medical Equipment has acquired Christiana Care Visiting Nurse Association's HME business

Specialty Medical Supply, Inc., has been acquired by PolyMedica Corporation

Cardinal Health completed the acquisition of the pharmaceutical wholesale distribution businesses from The F. Dohmen Co

Allion Healthcare acquired Whittier Goodrich Pharmacy (Los Angeles, CA)

Allion Healthcare acquired HS Maiman Rx a specialty pharmacy and disease management provider

Arcadia Resources acquired HomeLife Medical (Atlanta, GA)

Gentiva Health Services acquired The Healthfield Group for $454M in cash and stock

Cardinal Health Inc announced it has completed the acquisition of Denver Biomedical Inc (Golden, CO)

Thermo Electron Corp. acquired Fisher Scientific International for $12.8B

Lincare acquired Secure Health Systems

Merck & Co acquired and GlycoFi Inc

OptionCare acquired Trinity Homecare, LLC

Pearl Senior Care acquired Beverly Enterprises

EDG Partners acquires Regency Hospice

The Riverside Company acquired RCS Management (IN)

McKesson to acquire Sterling Medical Services

Coloplast to purchase certain business segments of Mentor Corporation

OptionCare acquired the pharmacy operations of Chartwell

BioScrip acquired Intravenous Therapy Services for $13MM plus an earn-out opportunity payment

Miltex was acquired by Integra LifeSciences Holdings Corp

RehabCare Group (St Louis, MO) to acquire Symphony Health Services (Hunt Valley, MD).

Welch Allyn a global manufacturer of medical products acquired Malaysian medical products distributor MediAids

St. Jude Medical to acquire Velocimed

Otto Bock HealthCare has acquired Tempe, Ariz.-based OrthoRehab

Laboratory Corporation of America to acquire Esoterix Inc

Allion Healthcare to acquire Whittier Goodrich Pharmacy Inc

MMS acquires Henry Schein’s hospital supply and extended care business

Walgreens Home Care acquired Canadian Valley Medical Solutions, Oklahoma

AmerisourceBergen Canada Corp, has signed an agreement to acquire Asenda Pharmaceutical Supplies Ltd

Bioscrip Inc. completes acquisition of Northland Medical Pharmacy.

DrugMax to acquire Carmichael Cashway Pharmacy Inc

Global Healthcare Exchange LLC (GHX) (Westminster, CO) has completed the acquisition of Neoforma Inc

Allscripts announced the completion of its acquisition of A4 Health Systems

Med-XS Solutions (Mentor, OH) acquired Johnson Biomedical Services (Atlanta, GA).

Sten+Barr Medical Inc has acquired Alliance Medical Inc

AmerisourceBergen acquires Brecon Pharmaceuticals

McKesson acquired Sterling Medical, the U.S. unit of Denmark medical supply maker Coloplast.

Johnson & Johnson acquired Animas Corporation

Arcadia Resources, Inc. Acquired HomeLife Medical, Inc.

Gentiva Health Services Inc., announced it will acquire The Healthfield Group Inc.

Lake Capital has Acquired Palombo's Med-Rite Pharmacy,

MidAtlantic Home Infusion Acquired by FlexPoint Partners

DrugMax, Inc. acquired substantially all the assets of Central Florida Pharmacy

EntreMed, Inc. Acquired Miikana Therapeutics, Inc.

Oncology Therapeutics Network announced that it has entered into a definitive agreement to acquire ivpcare,

Northland Medical Pharmacy, Inc., Acquired by BioScrip, Inc.

INNOVA Health & Rehab acquires Greenbriar Nursing Centers

Aetna Inc acquired Aetna Specialty Pharmacy LLC from Express Scripts

Accuro Healthcare Solutions, Inc. Acquired CodeCorrect, LLC

Air Products Acquires Indianapolis-based, Nightingale Medical

Arcadia Resources subsidiary American Oxygen and Medical Equipment acquired Indiana respiratory and DME supplier Madrid Medical

HomeChoice Partners Acquired ApotheCare Infusion Services

KKR Leads Acquisition of Accellent Inc.

Accredo Completes Acquisition of the Specialty Pharmacy Business of Pediatric Services of America, Inc.

Arcadia Resources Acquires O2 Plus a California-Based Respiratory and Durable Medical Equipment Company

Almost Family Announces Agreement to Acquire Community Home Health, from Flagler Hospital, a Florida Home Health Agency

SpectraCare, Inc. Acquired by Amedisys, Inc

Owens & Minor Strengthens Diabetes Supply Subsidiary with Purchase of iCare Assets

Walgreens Specialty Pharmacy Completes Purchase of Schraft's A Specialty Pharmacy LLC

Walgreens Home Care Agrees to Acquire Home Pharmacy of California

BioScrip acquired Northland Medical Pharmacy, Inc. through subsidiary, Chronimed Holdings, Inc., d/b/a StatScript Pharmacy

PolyMedica Corporation Acquired Preferred Rx

Apria Healthcare Acquired Medox, Inc., a respiratory therapy provider

Nordic Capital, a Norwegian private investment firm, acquired Permobil

WellPoint Inc to acquire WellChoice Inc, the parent company of Empire Blue Cross Blue Shield

Med-XS Solutions Acquires HealthQuip, Inc.

OrthoNetx Inc a provider of medical devices for osteoplastic surgery acquired PrivaComp Inc

Inverness Medical to acquire Thermo BioStar for $52.5M in cash

Lincare acquires certain assets of NationsHealth

PolyMedica acquires National Diabetic Pharmacies Inc

Standard Management Corporation acquired Holland Drug Store

RehabCare Completes Purchase of MeadowBrook Healthcare

Lincare Acquires Assets of Home Oxygen 2-U

Priority Healthcare Corporation to be acquired by Express Scripts, Inc. for $1.3B

Viasys to acquire Pulmonetic Systems for $98MM

Priority Healthcare acquires specialty pharma operations of SpectraCare

ResCare acquires assets of Albemarle Homecare Services, Inc.

Omnicare to acquire excelleRx for $269MM

Apria acquired VitalAire from AirLiquide

Omnicare to acquire NeighborCare for $1.55B

Healthcare Business Credit Corp acquired by CIT Group

Camp Healthcare acquires Seattle Systems

ResCare to acquire Creative Networks

Omnicare acquires RX Crossroads for $235MM

IDX Systems acquires RealTime Imaging Healthcare for $16MM

ResCare Inc. has purchased Home Care-Giver Services Inc

Apria acquires Young Medical

Cerner to acquire Bridge Medical

McKesson Corp to acquire Medcon Ltd

CareSouth Health System acquired Tenet Healthcare Corp California-based home health agencies

Arcadia acquires United Health Care

Rotech acquired Florida Medical Equipment

Almost Family acquired Florida Home Health. Inc.

Lincare acquires Home Oxygen 2-U

National Seating & Mobility to acquire Burke Medical Equipment.

Invacare Corp. acquired a U.K.-based Medical Support Systems (MSS)

Passport Health to acquire Healthworks Alliance Inc

Laboratory Corporation of America acquired Esoterix

Kindred Healthcare acquired Skilled Care Pharmacy

Apria Healthcare Acquires Knoll Patient Supply
Almost Family, Inc. acquired Florida Palliative Home Care

Amedisys, Inc. acquired the Home health agency from North Arundel Hospital Association
Lincare acquired Respiratory Care Services

Vitas Healthcare Corp. acquired Hospice of Greater Pittsburgh Comfort Care

PhysioTherapy Associates acquired the assets of MD Nwtwork Florida

Dalrada Financial Corporation acquired Master Staffing, Inc.

Benchmark Medical, Inc. acquired ACTRA Rehabilitation Services

Apria Healthcare acquired Baptist Hospital’s medical equipment business

Kindred Healthcare to acquire Pharmacy Partners

Select Medical Corporation to merge with EGL Acquisition, an entity formed by Welsh, Carson, Anderson & Stowe

Stryker Corp acquired privately held eTrauma.com Corp

Medco Health Solutions Inc to acquire Accredo Health, Inc

Air Products Healthcare has acquired UltraCare.

Crescent Capital Investments Inc acquired Tender Loving Care Health Care Services

Market Street Medical, Inc. has completed the acquisition of iCare Medical Supply, Inc.

Gericare Providers has been acquired by MP TotalCare

Lincare acquired Meriam Graves Healthcare division

Extendicare Inc closed the acquisition of Assisted Living Concepts Inc.

Five Star Quality Care aquires LifeTrust America

Natonal Senior Care merges with Mariner Health

Extendicare Health Services aquired Assisted Living Concepts

UltraCare acquired by Air Products Healthcare

Prime Medical Services Inc merged with HealthTronics Surgical Services Inc.

Critical Home Care acquires American Oxygen and Medical

MSSI - TeleScience International acquired Nurses PRN LLC

MIM Corporation and Chronimed merge to form BioScript

PSS World Medical acquired Associated Medical Products

Angiolink Corp acquired by Medtronic Inc

Aircast acquired by Tailwind Capital Partners

Broadlane acquires National Oncology Alliance Inc

Merit Medical acquires MedSource Packaging

Air Products acquires RX Healthcare Group

Praxair acquires Home Care Supply

McKesson Corporation acquires Moore Medical

Respironics acquires Profile Therapeutics

Invacare acquires Freedom Designs

Priority Healthcare acquires Integrity Healthcare

Option Care Acquires Division of Care Group

MP TotalCare Acquires Wound Care Manufacturer Gericare

Medcare Acquires SleepTech

Boston Scientific acquires Advanced Bionics Corp

AseraCare Hospice to acquire the assets of Hospice USA LLC

Apria acquires StarMed

Horizon Health acquires Poplar Springs Hospital

Critical Home Care Inc acquires Arcadia Services and Arcadia Rx

Curative Health Services acquires Critical Care Systems

Byram Acquires Choice Medical Supplies

Apria Acquires HouseCall HME, RT and Infusion Business

JC Penney Sells Eckerd Chain to Coutu and CVS

AirProducts acquires Mosso's Medical Supply

Fisher's Specialized Pharmacy Services acquired by Medmark

Hillenbrand Industries acquired MEDIQ, Inc.

Walgreens Health Initiatives acquires select assets of All Care Medical Supply and Interactive Cardio Pulmonary

Comfort Care Holdings acquires Vitas Healthcare Corporation

Caremark RX acquired Advance PCS

DrugMax Inc. merged with Familymeds Group Inc.

The above transactions are provided only as a matter of public record and are a sample of recent acquisition and merger activities within the healthcare industry.

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