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Healthcare Transactions Q1 2021 | Bass, Berry & Sims PLC


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If there were any doubts about the resilience of the healthcare industry and its ability to withstand a global pandemic, those doubts have been put to rest. After showing signs of recovery in the second half of 2020, healthcare merger and acquisition (M&A) activity boomed during the first quarter of 2021 across multiple sectors, with a total of 596 transactions announced (representing a 42% increase over the same quarter last year).
The resurgence was fueled, in large part, by high transaction multiples and an abundance of weary, smaller providers seeking the stability and capital resources of private equity (PE)-backed platforms and other strategic buyers. According to Health Capital Consultants, Q1 2021 PE transaction volume came in lower than expectations given the strong activity in the latter half of 2020. However, they point to an unusually high concentration of transactions in the second half of 2020 (incl ....

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How Peoria became a vaccine leader • Brazilian variant identified in Illinois • California biotech firm moves to Chicago


How Peoria became a vaccine leader • Brazilian variant identified in Illinois • California biotech firm moves to Chicago
Crain s Health Pulse is your source for actionable, exclusive and inside news on the health care industry.
Johnny Milano/Bloomberg
PEORIA LEADS THE STATE IN COVID VACCINATIONS: As of March 4, according to the Illinois Department of Public Health, 84 percent of county residents 65 or older had received a first dose, two times the rate for Chicago and Cook County. 
On Feb. 24, Gov. J.B. Pritzker said that  if Peoria County were a state, it would be No. 2 in the nation for total doses administered per 100,000 residents.  Surprised? So was Monica Hendrickson, public health administrator at the Peoria City/County Health Department. ....

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Healthcare & Life Sciences Private Equity Deal Tracker: TowerBrook and Ascension Capital Invest in Regent Surgical Health | McGuireWoods LLP


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TowerBrook Capital Partners and Ascension Capital have completed a strategic investment in Regent Surgical Health, according to a news release.
Regent Surgical Health, headquartered in Chicago and Nashville, Tenn., partners with hospitals and physicians to develop, own and manage ambulatory surgery centers (ASCs). Founded in 2001, Regent currently owns or operates 21 ASCs across the United States.
TowerBrook, which has its U.S. operations based out of New York, is an investment management firm that invests in private equity and structured opportunities through its family of funds. Founded in 2005, the firm’s private equity strategy primarily pursues control-oriented investments in large and middle market companies in North America and Europe. ....

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