SCOTT-MACON HEALTHCARE REVIEW: OCTOBER 2017 October 2017 Healthcare Review 2 Healthcare Overview, Mean Revenue Multiples 4 Healthcare Overview, Mean EBITDA Multiples 5 Analysis of Selected Healthcare, Medical and 6 Pharmaceutical Merger and Acquisition Transactions October 1—October 31, 2017 Analysis of Selected 12 Publicly-Traded Healthcare, Medical and Pharmaceutical Companies Scott-Macon Professionals’ 23 Representative Closed Transactions Scott-Macon Contact Information 24 CONTENTS 2 OCTOBER 2017 HEALTHCARE REVIEW Dear Clients and Friends, Scott-Macon is pleased to present our PBM giant Express Scripts announced its Healthcare Review covering October 2017. $3.6 billion deal for specialty care provider If you haven’t done so already, please eviCore, formerly known as CareCore. In email me at
[email protected] addition, Allscripts closed on HIT company to automatically continue receiving our PF2 for $185 million; and Murata of Japan publications in the future as we are transi- closed on Vios Medical in the wireless tioning to digital publishing with email dis- monitoring space for $101 million. In Out- tribution. sourcing Services, publicly-traded Fortive closed on Landauer for $740 million, or Pages four and five represent a visual 17x EBITDA; and Fidelity National Finan- snapshot of the average multiples for all of cial Ventures closed on T-System for $200 the healthcare, medical and pharmaceutical million. transactions that either closed or were an- nounced during October, along with the av- In the Provider arena, Ambry Genet- erage multiples for the major publicly- ics in the lab sector was acquired by Inno- traded healthcare, medical and pharmaceu- vation and Konica of Japan for $1 billion.