Correlation doesn’t prove causation, but the evidence is hard to ignore. April healthcare M&A took a hit as COVID-19 forced businesses to close, workers to stay home, and providers to divert all their attention toward treating the flood of infected patients. Compared with last March, April saw a 21% drop in activity and a 34% drop compared with April 2019. The decline was even more pronounced among the sectors. Long-Term Care, an unfortunately hard-hit industry from the pandemic, suffered a profound drop of 40%. Oddly enough, eHealth also took a hit, dropping 50% compared with March and 38% compared with April 2019. Hospital M&A saw a gain of 33% over March’s total, but on just two deals. Compared with a year ago, the sector nearly tripled April 2019’s total. Despite the dire financial condition hospitals seem to be in during this pandemic, the Hospital market is still moving along.
Read the full article: April Healthcare M&A Took a Hit //
Source: https://healthcare.levinassociates.com/2020/05/11/april-healthcare-ma-took-a-hit