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HEALTHTECH M A AND IPO ACTIVITY RESILIENT IN THE FACE OF GLOBAL ECONOMIC SLOWDOWN

Vlad Poptamas

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  • Blockchain, data storage, artificial intelligence, patient information and self-service healthcare technology attract motivated buyers

  • Private equity acquisitions on the rise as financial buyers keen to get a foot in the door

  • Medical marijuana a growing sub-sector now commercialised and marketed in US

London, UK – 13 February 2019. The latest Healthtech M&A Market Report from international technology mergers and acquisitions advisor, Hampleton Partners, revealed a final count of almost 100 deals in the healthtech sector in the second half of 2018.

Transaction volume remained steady compared to 1H2018, inching down by a mere six per cent and thus remaining in line with a remarkably stable trend since 2013. The trailing 30-month revenue multiple rose again to 2.8x EV/S, prolonging a trend visible over the last 18 months, since the increase to 2.8x in 2H2017 from a lower 2.1x EV/S in 1H2017.

In 2018, 186 healthcare companies went public, bringing aggregate gross IPO proceeds for the year to $24 billion, up from only $15 billion in 2017.

Largest healthtech transactions

The largest disclosed deals in the second half of 2018 included Veritas Capital and Evergreen Coast Capital’s joint private equity acquisition of athenahealth for $5.7 billion, at an attractive 17.3x EV/EBITDA. Athenahealth provides electronic healthcare record management SaaS for hospitals and healthcare practices in the U.S.

Second, at $1 billion, came the acquisition of M*Modal by 3M. M*Modal provides clinical documentation, transcription and EHR SaaS for the medical sector.

Dutch tech and health giant Philips remains the sector’s most consistently active acquirer, with a total of seven acquisitions over the past 30 months, including Blue Willow Systems and its tracking and alert-based systems for senior living facilities.

Jonathan Simnett, director and healthtech specialist at Hampleton Partners, said:

“The rise of lifestyle diseases, an ageing population and higher patient expectations are compelling both public and private healthcare systems to incorporate technology to improve productivity, cost-efficiency and patient satisfaction.”

Medical marijuana

M&A activity is now featuring in the medical marijuana sector, following regulatory changes in 10 U.S. states and Washington D.C.  In November, cannabis network marketing website Leafbuyer Technologies Inc acquired Greenlight Technologies, a cannabis ordering and rewards mobile application. The app includes features such as loyalty programmes and real-time customer data analytics. It enables consumers to pre-order cannabis products and collect the orders at their local store. Such acquisitions are likely to become more frequent across the US as regulations continue to evolve.

Key trends in healthtech

  • Established technology companies such as Amazon, Samsung and Cisco are looking for synergies and ways to enter the healthtech sector.

Key examples of this trend include Amazon’s acquisition of online pharmacy service PillPack for $1 billion earlier in 2018, and Samsung’s current collaboration with Stanford University and start-up Syncthink to study the use of VR in establishing concussion severity. In addition, Cisco is working with GE Healthcare and Philips to provide the network support for device connection, security and data integration in healthcare.

  • Self-service tech, such as health-monitoring software, drug-tracking apps or remote consultation interfaces, is generating interest amongst strategic and financial acquirers.

  • All eyes are on data, especially as blockchain continues to disrupt the market with new ways of storing, securing and managing medical data

  • The move to the cloud continues, with SaaS healthtech companies driving innovation for public and private health practices

Healthtech in 2019

Jonathan Simnett concluded:

“The M&A landscape in healthtech remains promising.  Big tech companies are entering the healthcare sector and healthcare professionals are keen to adopt technology that makes everything from transcribing patient notes, to diagnosis and treatment more effective and cost-efficient. New markets are

being created by millions of consumers now monitoring their own health via apps and online programmes at home and on-the-go and by medical marijuana deregulation.

“Patient-oriented self-service healthtech billing and payment management, SaaS, EHR patient data and medical records systems will remain in particularly high demand by buyers, along with emerging blockchain applications which can improve the security and traceability of patient data, pharmaceuticals and surgical equipment.”

ENDS

Media enquiries, photography or interview requests, please contact:

Jane Henry

Email: jane@marylebonemarketing.com

Mob: +44 789 666 8155

Note to Editors:

Hampleton Partners’ Healthtech Market Report 1H 2019 is compiled using data and information from the 451 Research database (www.451research.com).

About Hampleton Partners

Hampleton Partners is at the forefront of international mergers and acquisitions and corporate finance advisory for companies with technology at their core. Hampleton’s experienced deal makers have built, bought and sold over 100 fast-growing tech businesses and provide hands-on expertise and unrivalled advice to tech entrepreneurs and companies which are looking to accelerate growth and maximise value.

With offices in London, Frankfurt and San Francisco, Hampleton offers a global perspective with sector expertise in: Automotive Technology, IoT, AI, FinTech, Hi-Tech Industrials & Industry 4.0, Cybersecurity, VR/AR, HealthTech, Digital Marketing, Enterprise Software, SaaS & Cloud, eCommerce.

Follow Hampleton on LinkedIn and Twitter.

For more information visit https://www.hampletonpartners.com

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Awards

Elekta Wins 2019 ‘Medical Device Engineering Breakthrough’ Award From MedTech Breakthrough

Betty Tűndik

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Logo Source: medtechbreakthrough.com - edited by Picante.today
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Annual awards program recognizes outstanding health and medical technology products and companies

Elekta (EKTA-B.ST), today announced that MedTech Breakthrough, an independent organization that recognizes the top companies and solutions in the global health and medical technology market, has presented the “Medical Device Engineering Breakthrough” award in the 2019 MedTech Breakthrough Awards program to Elekta for its Elekta Unity MR-linac.

Elekta Unity combines two technologies: a state-of-the-art 1.5T MRI scanner and a best-in-class 7 MV linear accelerator, driven by breakthrough real-time adaptive radiotherapy software. It provides the ability to reshape the dose based on daily changes in shape, size and position of the tumor and surrounding healthy anatomy, as visualized with MRI, and then enables accurate dose delivery with real-time visualization of the tumor.

“We reserve our Medical Device Engineering Breakthrough award for recognizing transformative technology and Elekta Unity is a shining example of groundbreaking medical technology deserving of this designation,” said James Johnson, managing director, MedTech Breakthrough. “In addition to Elekta Unity displaying breakthrough engineering that combines precision radiation therapy and high-field MR imaging, Elekta Unity addresses one of the most critical healthcare issues in the world with a focus on providing the next generation of cancer care.”

The mission of the MedTech Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of health and medical technology categories, including Robotics, Clinical Administration, Telehealth, Patient Engagement, Electronic Health Records, mHealth, Medical Devices, Medical Data and many more. This year’s program attracted more than 3,500 nominations from over 15 different countries throughout the world.

“It’s an honor for Elekta to win this prestigious award,” said Richard Hausmann, Elekta’s President and CEO. “The Unity system’s breakthrough technology demonstrates our leadership in precision radiation medicine and commitment to the needs of the patient and cancer care team delivering treatment.”

Robert Woolston, Managing Director at DCA Design International, Elekta’s design partner for the MR-linac system, commented, “Congratulations to all involved in the development of Elekta Unity. We are delighted to see this system winning award after award and most importantly to see it improving cancer patients’ radiotherapy experience and outcomes, as it ushers in a transformation in precision and personalized cancer treatment.”

Through Elekta Unity’s integrated and responsive software, tumors and surrounding tissue can be precisely located, their movement tracked, and treatment adapted in real time based on live information. This allows treatment plans to be adapted while the patient is on the table in response to changes in tumor position, shape, biology and the relationship to sensitive organs over time.

 

 

SOURCE: Elekta

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Conference Call Announcements

The Avamere Family of Companies Supports Alzheimer’s Awareness at Memories in the Making Event

Betty Tűndik

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The Oregon Chapter of the Alzheimer's Association event 'Memories in the Making' will be held on Friday, May 10, 2019.
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The Avamere Family of Companies is attending and sponsoring the Memories in the Making Art Auction & Gala May 10, 2019, in support of the Alzheimer’s Association. The event takes place at the Sentinel Hotel in Portland, Oregon.

Leaders from Avamere and Signature Healthcare at Home, part of the Avamere Family of Companies, will attend.

Avamere attendees include:

  • Brad Litle
  • Roxy Stennett
  • Sarah Silva
  • Tim Minks

Signature Healthcare at Home attendees include:

  • Janel Anderson
  • Mike Billings
  • Marissa Charlton
  • Cody Feakin
  • Scott Orlich
  • Sonia Rai

As a VIP reception and after-party sponsor, the Avamere Family of Companies is sponsoring the VIP reception prior to the silent auction, as well as the party following the event.

Attending the gala is just one of the ways the Avamere family shows their support for the Alzheimer’s Association. Team members will also participate in the 2019 Walk to End Alzheimer’s in August. They can also show their support by donating.

This support aligns with Avamere’s priority of social responsibility, a goal to be active and make a difference in the communities Avamere serves.

Avamere and Signature Healthcare at Home provide care for seniors, including those living with Alzheimer’s disease. Together, they’re proud to support research and programs for a cure while continuing to be there for those who live with Alzheimer’s.

 

SOURCE: Avamere Health Services

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Athletes

New “Beehive Theory” asserts germs may cause the late damage in traumatic brain injury, says Dr. Leslie Norins

Betty Tűndik

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Challenge Photo Source alzgerm.org - edited by Picante.today
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Microbes may be responsible for the deterioration in brain function seen years after participation in football, boxing, soccer and other contact sports, and in soldiers who survive blast injuries, asserts Leslie Norins, M.D., Ph.D. in his new “Beehive Theory.”  His formulation was recently published in the peer-reviewed medical journal, Medical Hypotheses.

The serous late sequelae of head trauma most notably include cognitive impairment and behavioral changes, even suicide. The medical label is traumatic brain injury (TBI), with lesser variants being called minor or repetitive TBI or chronic traumatic encephalopathy (CTE).  The mechanism translating the trauma into the later complications is unknown, and there is no pharmaceutical preventive or cure.

Dr. Norins says the crucial underpinning of his theory is that scientists have found the normal human brain is not sterile, but is home to various microorganisms– which seem to be living peacefully within it.

The theory’s name comes from the fact that striking a tranquil beehive will incite the peaceful bees to swarm out and attack anyone nearby.  Dr. Norins believes that, in like fashion, blows to the head can dislodge the brain’s microbes from their comfortable dwelling spots, and they then release toxins and antigens, which trigger inflammation and brain damage.

Dr. Norins is the CEO of Alzheimer’s Germ Quest, Inc, which encourages research on infectious agents as triggers of Alzheimer’s disease.  He became interested in TBI after reading that microbes were present in even normal brains. This situation seems to have been overlooked thus far in most TBI research, he says. “Hopefully, brain trauma researchers will now begin to study these new facets.  It’s possible we could get for TBI a simple blood test, an antibiotic, an anti-inflammatory, or even a vaccine,” he says.

Alzheimer’s Germ Quest, Inc. is a public benefit corporation headquartered in Naples, Florida.  It sponsors the $1 million Challenge Award for the scientist who persuasively proves that a microbe causes Alzheimer’s disease, and encourages research on this possibility.   It neither seeks nor accepts outside donations.

 

SOURCE: Dr. Leslie Norins

 

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