Healthcare

The healthcare industry is in the midst of a long wave of consolidation.

In addition to the usual motive of attaining critical mass to survive, healthcare companies are especially sensitive to the need for new technologies and access to crossborder markets. Healthcare companies are attractive for international M&A.

With healthcare experts located around the world, Clairfield understands this complicated sector and is perfectly positioned to help clients take advantage of market conditions, focusing on the following segments:

Dental care

Diagnostics

Home health service & residential care

Hospital & clinics

Medical devices/medtech

Medical distributors

Pharmaceuticals

Social services/mental health

Deal of the month

RICHARDS PACKAGING INCOME FUND (TSX: RPI.UN) ACQUIRES CLARION MEDICAL TECHNOLOGIES

Richards Packaging Income Fund (TSX: RPI.UN) completed the acquisition of all of the outstanding shares of Clarion Medical Technologies, a Canadian provider of medical, aesthetic, vision care and surgical equipment, and consumables. The purchase price of CAD 64.4 million was financed by a CAD 35.0 million increase to the term credit, a CAD 2.9 million draw down on the revolving credit, CAD 16.0 million of cash on hand and a CAD 10.5 million holdback from the vendors. This purchase price is subject to additional consideration contingent on Clarion’s future earnings.

Deal of the month & perspectives on public to private transactions

CLAIRFIELD ADVISES NATIONAL VETERINARY CARE
ON SALE TO VETPARTNERS

The deal of the month looks at the public-to-private transaction of ASX-listed National Veterinary Care Ltd, the Australian and New Zealand veterinary services provider, for AU$ 325.5 million. We also comment on takeover premiums and process dynamics. Listed takeover targets cannot always control their public market position, but they can control process better by managing advance  preparation. Clairfield International in Australian partner acted as lead financial advisor to NVC.

Read our latest publications

Recent healthcare transactions

Estetique (Polanica‐Zdrój), one of the leading dental clinics in southwest Poland sold majority 70% stake to Tar Heel Capital (THC), a Poland‐based private equity firm.

Pilke Päiväkodit Oy, a private daycare operator, was sold to Læringsverkstedet, a Norway-based family company.

Pluradent Group, distributor of dental consumables, practice equipment and technical support services, will be acquired by Deutsche Mittelstandsholding, a German investment holding as part of a debtor in possession insolvency proceeding.

Italian pharmaceutical multinational Zambon acquired the biotech Breath Therapeutics at an initial price of 140 million euros and with the possibility of reaching a total of 500 million euros.

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