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Here are all the $1b+ healthcare deals so far this year.
July 15, 2024

Healthcare Brew

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In today’s edition:

Making moves

Deals upon deals

FTC crackdown

—Cassie McGrath, Maia Anderson

M&A

Major M&A

Handshake Francis Scialabbai

We’re a little over the halfway mark in 2024, and healthcare companies around the country have been inking major deals to expand their portfolios.

To reflect on the year’s biggest moves so far, Healthcare Brew went through recently updated data from global market data research company PitchBook and company public disclosures to compile a list of the largest (finalized) mergers, acquisitions, and buyouts in the US as of July 8.

PitchBook collects information by tracking control acquisitions and leveraged buyouts, including asset acquisitions, corporate divestitures, corporate asset purchases, spinoffs, and asset divestitures, according to the firm. Final deal values represent the total amount of equity and debt used in the transaction, according to PitchBook.

Keep reading here.—CM

   

PRESENTED BY LAUREL ROAD

Flex on your debt

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DIGITAL HEALTH

Returning to normalcy

managing hypergrowth Imaginima/Getty Images

The digital health startup market is recovering after a tough 2023.

The first half of this year has been characterized by smaller but more frequent venture capital (VC) deals, more early-stage deals, and a thawing IPO market, according to a report from digital health strategy group and venture fund Rock Health.

Overall, US digital health startups raised $5.7 billion in the first half of the year, Rock Health researchers found. While that’s slightly less than the first half of 2023 ($6.1 billion), the number of deals closed is on the uptick, with 266 closing in H1 2024 compared to 244 in 2023.

Keep reading here.—MA

   

PHARMA

FTC vs. PBMs

FTC chair Lina Khan Kevin Dietsch/Getty Images

The Federal Trade Commission (FTC) frequently sets its sights on healthcare, which has previously included efforts to crack down on data privacy and ban noncompetes in contracts. Lately, the agency has turned its attention to pharmacy benefit managers (PBMs)—the groups that negotiate drug prices between insurers and pharmaceutical manufacturers—to shed light on how they impact the healthcare industry.

On Tuesday, the FTC published an interim report as part of an ongoing investigation, which began in 2022, into drug affordability and access, raising concerns that PBMs have “significant influence” over which drugs are made available to patients and that the companies are setting increasingly higher prices. The Wall Street Journal reported Wednesday that the antitrust agency is preparing a lawsuit against the three largest PBMs regarding “business practices related to rebates brokered with drug manufacturers.”

Keep reading here.—CM

   

TOGETHER WITH LAUREL ROAD

Laurel Road

Buh-bye, debt drama. Student loans don’t have to be a constant thorn in your side. Laurel Road Student Loan Freedom℠ is an easy-to-use suite of student loan solutions designed to make repayment, forgiveness, and refinancing way easier. It even includes personalized counseling and robust tracking. Start simplifying.

VITAL SIGNS

Today’s top healthcare reads.

Stat: 23.5%. That’s how much Covid-related emergency room visits increased in a week at the beginning of this month. (CDC)

Quote: “For years, we relied on the battery in his ventilator, which lasts about four hours. We learned how to jerry-rig the circuit to bypass the humidifier, so it would use less battery and buy us a little more time to figure out what to do next.”—Jenny McClelland, the mother of a 13-year-old boy with a rare genetic condition that makes him reliant on a ventilator, on how she prepares for power outages (NPR)

Read: What do you do when you hit your insurance deductible? Some people throw parties. (the New York Times)

Lucid loans: Paying your student loans can feel like an endless cycle. Fortunately, the Laurel Road Student Loan Freedom℠ suite of intuitive refinancing, repayment, and forgiveness tools can make it easier.*

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Healthcare Brew covers pharmaceutical developments, health startups, the latest tech, and how it impacts hospitals and providers to keep administrators and providers informed.