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Top 9 Healthcare Transactions Based on Dollar Value From 2007- 2012

From Jan. 1, 2007 through June 30, 2012 there were a total of 432 recorded transactions in which a buyer targeted a non-profit organization either as a merger partner or an outright acquisition target, according to an Irving Levin Associates report.

The majority of those deals involved the hospital sector, followed in descending order by long-term care, behavioral healthcare, home healthcare, biotechnology and other services.

During the five-and-a-half-year period covered in the report, hospital systems and pharmaceutical products were the targets in the majority of the largest deals that involved the sale of a non-profit healthcare organization or asset, according to the report.

Here are the top nine healthcare transaction deals based on dollar value from Jan. 1, 2007 to June 30, 2012 where a non-profit was targeted:

1. Vanguard Health Systems in Nashville, Tenn., acquired Detroit Medical Center in 2010 for $1.22 billion.

2. Cerberus Capital Management, a private equity firm in New York City, acquired Boston-based Caritas Christi Health Care in 2010 for $830 million before renaming it Steward Health Care System.

3. Royalty Pharma AG in New York City acquired royalty interest in Lyrica, a drug used to relieve neuropathic pain, in 2007 for $700 million from Northwestern University in Evanston, Ill.

4. Royalty Pharma AG acquired royalty interest in Remicade, a biologic drug used to reduce symptoms of rheumatoid arthritis, in 2007 for $650 million from New York University.

5. Ascension Health in St. Louis acquired Alexian Brothers Health System in Arlington Heights, Ill., in 2011 for $645 million.

6. Health Management Associates in Naples, Fla., acquired Mercy Health Partners in Toledo, Ohio, a subsidiary of Catholic Health Partners in Cincinnati in 2011 for $532.4 million.

7. Trinity Health in Novi, Mich., acquired Loyola University Health System in Maywood, Ill., in 2011 for $475 million.

8. Adventist Health Systems in Altamonte Springs, Fla., acquired University Community Health in Tampa Bay, Fla., in 2010 for $355 million.

9. Banner Health in Phoenix acquired Sun Health Corp. in Sun City, Ariz., in 2007 for $316 million.

Correction: An earlier version of this article included 10 healthcare transactions. However, the tenth transaction listed, between Pittsburgh-based Highmark and Pittsburgh-based West Penn Allegheny Health System, is currently under litigation. In addition, the total deal value was incorrect. The West Penn Allegheny Health and Highmark deal would be worth $475 million if it were to finalize.

More Articles on Healthcare Transaction Activity:

Healthcare M&A Deal, Dollar Volume Dives in 3Q
Healthcare IT Funding, M&A Strong in 3Q With 74 Deals Worth $3.4B
M&A Volume in Healthcare IT Market Rises 19% in 3Q

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