Above is an overview of recent industry M&A activity. For additional information, see the charts below or follow the link to the left to download complete transaction tables broken out by industry subsectors.
See below for additional information about industry trading comps and transaction relevant articles from the past week.
WellCare Health To Buy Meridian Health Plans For $2.5 Billion
The deal will help WellCare add about 1.07 million Medicaid members in Michigan and Illinois and includes the acquisition of PBM MeridianRx
WellCare Health Plans Inc said on Tuesday it would buy Meridian Health Plans of Michigan and Illinois for $2.5 billion in cash to become the top Medicaid provider in those states.
"This transaction strategically aligns with our focus on government-sponsored health plans...," WellCare Chief Executive Officer Ken Burdick said in a statement. Meridian's businesses are expected to generate more than $4.3 billion in total revenue in 2018, WellCare said. The deal comes as healthcare payers and pharmacies are responding to a shifting landscape, including changes in the Affordable Care Act, rising drug prices and the threat of competition from online retailers such as Amazon.com Inc. In December, U.S. drugstore chain operator CVS Health Corp agreed to buy U.S. health insurer Aetna Inc for $69 billion, seeking to tackle soaring healthcare spending through lower-cost medical services in pharmacies.
Alibaba Injects Pharmacy Assets Into Healthcare Unit in $1.4 Billion Deal
The deal will see parent Alibaba receive newly issued shares in Ali Health, taking its economic interest in the firm to 56.2% from 48.1% currently
Chinese e-commerce giant Alibaba Group Holding Ltd will inject some of its online pharmacy business into a listed unit in a deal valued at HK$10.6 billion ($1.35 billion), the firm said in a statement on Tuesday. Alibaba Health Information Technology Ltd will buy Ali JK Nutritional Products Holding Limited, which controls sales of medical devices, healthcare products, adult products and healthcare services on Alibaba's Tmall platform. The deal should bolster business for Ali Health amid a broader push into a fast-growing healthcare technology market by other firms in China, such as Tencent Holdings-backed WeDoctor and recently listed Ping An Healthcare. Alibaba CEO Daniel Zhang said in a statement that healthcare was a "strategically important" business area for the firm and that the deal would help turn Ali Health into the country's "best healthcare ecosystem". Ali Health's CEO added that the deal would help the firm expand by adding new categories to its offering.
Below are summaries and charts with the past week's transactions from the different healthcare sectors. For a detailed table showing data for each industry transaction click on any of the charts or use the download link above. Total transaction values are provided in USD millions.