2 Healthcare Stocks Ripe for a Takeover
Motley Fool - 02-17
The healthcare sector has a well-earned reputation for ultra-pricey acquisitions. In 2017, for example, Gilead Sciences paid nearly $12 billion for Kite Pharma and its commercially unproven cell therapy platform. Kicking off this year, Bristol-Myers Squibb struck a $74 billion deal to acquire biotech heavyweight Celgene. As both of these deals came at sky-high premiums, many shareholders walked away with sizable windfalls in an exceedingly short period of time, underscoring the widespread interest among investors in healthcare merger-and-acquisition activity.