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Examples
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In pharma and med-tech, the threat may come from strong established players and nimble start-ups alike.
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Pharma and med-tech manufacturers that focus on smaller "tuck-in" acquisitions tend to do better than those that pursue larger ones, especially from a position of weakness.
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The more broad-based and extended the downturn, the greater the opportunity for the right pharma or med-tech company to create value through a merger or acquisition.
What Makes Health Care Mergers Succeed Tim van Biesen 2010
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During the downturn, those pharma and med-tech companies outperformed the industry indexes by 17%; in the preceding period of "irrational exuberance" between 1998 and 2000 they had outperformed the indexes by just 6%.
What Makes Health Care Mergers Succeed Tim van Biesen 2010
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Pharma and med-tech manufacturers that focus on smaller "tuck-in" acquisitions tend to do better than those that pursue larger ones, especially from a position of weakness.
What Makes Health Care Mergers Succeed Tim van Biesen 2010
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But a Bain & Co. study of deals between 1995 and 2008 shows surprising results: Almost 60% of those completed by health care companies had higher returns than related pharma and med-tech indexes in the year following the deal.
What Makes Health Care Mergers Succeed Tim van Biesen 2010
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Ethicon unit successfully acquired three companies--Omrix (biosurgicals), Mentor (aesthetic med-tech) and Acclarent (ear, nose and throat devices).
What Makes Health Care Mergers Succeed Tim van Biesen 2010
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Following these deals, "it seems clear that the neuro space has become one of the more attractive med-tech markets for would-be acquirers," Mr. Wise wrote in a research note.
J 2010
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During the downturn, those pharma and med-tech companies outperformed the industry indexes by 17%; in the preceding period of "irrational exuberance" between 1998 and 2000 they had outperformed the indexes by just 6%.
What Makes Health Care Mergers Succeed Tim van Biesen 2010
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In pharma and med-tech, the threat may come from strong established players and nimble start-ups alike.
What Makes Health Care Mergers Succeed Tim van Biesen 2010
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