Add mergers and acquisitions to the list of things the Change Healthcare cyberattack has disarrayed. Healthcare deals are on the rise. But the ransomware attack against the UnitedHealth Group division has already caused dealmakers to more intensely scrutinize cybersecurity vulnerabilities and to consider the financial damage potential targets have endured, according to attorneys who specialize in M&A. The ongoing financial harm is posing challenges for mergers and acquisitions currently in the works, said Robert Miller, a partner at Hooper Lundy & Bookman who specializes in healthcare corporate and regulatory issues. And these companies are accumulating unpaid claims and borrowing to cover short-term needs in the meantime.
Read the full article: Change Healthcare Breach Already Impacting Healthcare M&A //
Source: https://www.modernhealthcare.com/mergers-acquisitions/change-healthcare-attack-deals-cybersecurity