Health care merger and acquisition activity fell 24% in the first quarter of 2020, to 366 transactions, compared with the previous quarter’s 483 announced deals. M&A in the first quarter of 2020 was 10% lower than the same quarter in 2019. Combined spending in the first quarter totaled nearly $34.1 billion, based on disclosed prices, down 47% compared with the previous quarter’s $63.4 billion. It was 77% lower than the $150.3 billion reported in the same quarter in 2019, according to HealthCareMandA.com. Healthcare services transactions made up 69% of the first quarter’s deal volume, similar to the previous four quarters. The Long-Term Care sector once again ranked the busiest, although deal volume slipped 17% compared with the fourth quarter of 2019 and was 19% lower than the same quarter in 2019. Year-over-year, three of the services sectors posted impressive gains—Behavioral Health Care (+29%), Laboratories, MRI & Dialysis (+42%) and Other Services (+45%).
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Source: https://www.prweb.com/releases/health_care_m_a_volume_dropped_24_in_q1_2020_according_to_healthcaremanda_com/prweb17060003.htm