Pharma BD Deal Intelligence
Strategically sound consolidation that delivered scale but was dragged down for years by integration costs, quality problems, and weak shareholder returns
Full analysis, sources & comparables →BioPharma Dive characterized the transaction as Pfizer continuing its trend of shedding non-core assets, with the Hospira Infusion Systems carve-out fitting a…
Value-creating and risk mitigated deal structure... will create a leading pure-play infusion therapy company, with estimated pro forma combined revenues of…
MassDevice noted the price was adjusted down to ~$900M from the original $1B due to HIS performance softness pre-close, but ICU Medical still emerged as a…
Source summaries from our enrichment pipeline; follow links for originals.
All 7 sources with sentiment breakdown →
ICU Medical agreed to acquire Pfizer's Hospira Infusion Systems business (IV pumps, solutions, devices) for $1B in cash and stock: $600M cash plus $400M in newly issued ICU Medical shares (giving Pfizer a 16.4% stake). Combined company pro forma revenue ~$1.45B. Final consideration adjusted to ~$900M for performance changes. Closed February 6, 2017.
Strategically sound consolidation that delivered scale but was dragged down for years by integration costs, quality problems, and weak shareholder returns
Assessment window: 5yr post-close.
| Deal | Year | Value | Outcome |
|---|---|---|---|
| ICU Medical, Inc. / Pfizer Inc. (Hospira Infusion Systems business) (this deal) | 2016 | $1.0B | 52 |
| Watson Pharmaceuticals (Actavis Inc.) / Actavis plc | 2012 | $5.9B | 97 |
| Kohlberg Kravis Roberts & Co. / PRA International (Genstar Capital) | 2013 | $1.3B | 91 |
| Stryker Corporation / MAKO Surgical Corp. | 2013 | $1.6B | 91 |
| Quintiles Transnational Holdings Inc. / IMS Health Holdings, Inc. | 2016 | $17.6B | 91 |
| DPx Holdings B.V. (JLL Partners 51% / Royal DSM 49%) / Patheon Inc. + DSM Pharmaceutical Products | 2013 | $2.6B | 90 |
| Pamplona Capital Management, LLP / PAREXEL International Corporation | 2017 | $5.0B | 90 |
← Browse all deals · How we score deals
More: 2016 deals · Other deals