Deals, Investments                                                                                                                                    

There were 845 deals representing a total reported transaction value of $64.4 billion during the fourth and final quarter of 2019, within the market for healthcare service businesses that support was among the largest transactions.  

Other transactions of note: Veeva’s purchase of a physician meetings business, MJH Life Sciences’ purchase of a data marketing firm, and W20’s purchase of a west coast agency; all three of these buyers had done other transactions previously during the year.

Comparing 2019 over 2018, the total deals and overall reported transaction value declined year-over-year, from 2,965 in 2018 to 2,329 in 2018, and $404 billion in 2018 to $175.4 billion in 2019. the life sciences industry.  Google’s purchase of health fitness app Fitbit valued at over $2 billion.

Veeva acquires speakers bureau Physicians World

Veeva has acquired speakers bureau management company, Physicians World. The deal adds Physicians World speakers bureau services, from nomination and training to payment and venue logistics, to Veeva’s events division.

• The two companies have partnered for four years. Physicians World will operate as an independent business unit focused on the U.S., and it will continue to be led by CEO Mark Fleischer. Veeva will add 170 staffers via the deal.

MM&M

UDG expands US presence with San Diego acqusition

Ashfield Healthcare Communications, a unit of UDG Healthcare PLC, added San Diego-based strategic communications agency to its global agency network, Canale Communications.

• Canale provides corporate communications, public and investor relations and creative services to life sciences companies.

ROI-NJ

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