powerpoint presentation · securities offered through gvc capital llc, member finra & sipc. │...

Securities offered through GVC Capital LLC, member FINRA & SIPC.

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STRATEGIC

ACQUISITIONS

9.15.14

8.25.14

Cognizant entered into an agreement to

acquire TriZetto Corporation for $2.7 billion.

Premier, Inc. signed an agreement to acquire

Aperek, Inc. for $48.5 million.

FINANCIAL

ACQUISITIONS

7.28.14 Investment 360, LLC agreed to pay $30.25

million for Deer Meadows Retirement

Community.

Source: CapIQ

Source: CapIQ


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Source: CapIQ

Source: CapIQ


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Market Cap Stock Price Price/ Price Price/ Price/

Company Name Symbol State ($ in Mil) (Date) Monthly YTD LMT EPS Book Sales EBITDA

Analogic Corporation NasdaqGS:ALOG MA 810$ 65.2$ 1.9% (26.4%) 38.2x 1.6x 1.3x 12.4x

AtriCure, Inc. NasdaqGM:ATRC OH 390$ 14.2$ (3.5%) (23.9%) NM 2.9x 3.5x NM

Cerus Corporation NasdaqGM:CERS CA 282$ 3.8$ (5.0%) (40.9%) NM 6.4x 6.7x NM

Cesca Therapeutics Inc. NasdaqCM:KOOL CA 50$ 1.2$ 1.5% 21.4% NM 1.0x 2.2x NM

Cynosure, Inc. NasdaqGS:CYNO MA 454$ 21.0$ (0.2%) (21.3%) 15.0x 1.4x 1.4x 5.7x

DaVita HealthCare Partners Inc. NYSE:DVA CO 15,633$ 72.8$ (0.5%) 14.8% 19.9x 3.3x 1.9x 9.8x

Edwards Lifesciences Corp. NYSE:EW CA 10,963$ 103.4$ 1.2% 57.2% 43.8x 5.7x 4.7x 20.2x

Zimmer Holdings, Inc. NYSE:ZMH IN 17,020$ 100.8$ 0.2% 8.1% 21.7x 2.6x 3.7x 10.0x

Magellan Health, Inc. NasdaqGS:MGLN CT 1,560$ 54.6$ (0.3%) (8.9%) 15.2x 1.3x 0.4x 6.8x

MedAssets, Inc. NasdaqGS:MDAS GA 1,214$ 20.2$ (2.5%) 1.9% 36.9x 2.6x 2.9x 9.9x

Medtronic, Inc. NYSE:MDT MN 61,190$ 62.5$ 0.8% 8.9% 21.5x 3.2x 3.5x 10.7x

Mindray Medical International LimitedNYSE:MR -$ 3,507$ 30.0$ (0.6%) (17.5%) 25.1x 2.4x 2.3x 11.6x

PharMerica Corporation NYSE:PMC KY 727$ 24.2$ (1.0%) 12.5% 17.2x 1.6x 0.6x 8.8x

Tenet Healthcare Corp. NYSE:THC TX 5,654$ 57.7$ (2.8%) 37.1% 66.4x 7.8x 1.2x 10.9x

WellCare Health Plans, Inc. NYSE:WCG FL 2,510$ 57.2$ (5.2%) (18.8%) 16.9x 1.6x 0.2x 6.7x

Wright Medical Group Inc. NasdaqGS:WMGI TN 1,475$ 29.9$ (1.4%) (2.7%) NM 3.4x 5.4x NM

Average 7,715$ 44.9$ (1.1%) 0.1% 28.1x 3.0x 2.6x 10.3x

Stock Price Change

Source: CapIQ

Source: CapIQ


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Market Cap Price/ Price/ Price/ TEV/

Segment Averages ($ in Mil) Month YTD LTM LTM EPS Book Sales EBITDA

Healtcare Providers and Services 6,428.49$ (1.4%) 10.9% 19.1% 35.31x 3.14x 3.97x 20.25x

Healthcare Equipment and Supplies 3,784.70$ 0.1% 5.2% 8.7% 44.61x 3.99x 7.32x 29.87x

Laboratory Services 3,154.56$ (0.7%) 10.7% (0.9%) 22.14x 2.34x 1.56x 7.30x

Healthcare Technology 1,910.33$ (1.8%) (4.8%) (3.7%) 41.60x 4.29x 4.18x 43.23x

Industry Average 4,565.09$ (0.7%) 7.6% 13.1% 40.62x 3.75x 4.89x 22.96x

S&P 500 Average 35,130.97$ (1.3%) 5.3% 10.8% 27.56x 4.25x 3.03x 11.15x

Stock Price Change

Source: CapIQ

Source: CapIQ


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Source: CapIQ

Source: CapIQ

Source: CapIQ


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The information contained herein is based on sources we believe reliable but is not guaranteed by us and is not to be considered

all inclusive. It is not to be construed as an offer or consultation of an offer to sell or buy any securities.

Source: GF Data

Source: GF Data


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Buy Side

Running a proven process effective at generating

responses, identifying “off-the-radar” opportunities,

negotiating and closing accretive acquisitions.

Sell Side

Our process is designed to identify the “right” buyer and

maximize shareholder value for our clients.

Private Capital Placement

An effective and efficient process negotiating

favorable debt and equity with the right capital

partner for our clients.

Chris Bouck

Principal – Healthcare Team

p: 720.221.9220

e. [email protected]

Aaron Linnebach

Vice President – Healthcare Team

p: 720.221.9220

e. [email protected]

Address Website Phone5613 DTC Parkway, Suite 820 │ Greenwood Village, CO 80111 www.sdrventures.com 720.221.9220

AUGUST 2014

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