Merger and acquisition activity in the health care industry is continuing its post- recession rebound, but fewer big dollar transactions are taking place, a new report says.
There have been 47 health care mergers and acquisitions in the country through the first six months of this year with a total price tag of $816 million, according to The Hospital M&A Market Report published by Norwalk’s Irving Levin Associates.
That puts M&A activity for this year just about on par with the 90 deals recorded in all of 2011. But the dollar volume of the transactions is well behind the $9.9 billion in deals struck last year.
During the five-and-a-half year period between January 1, 2007 and June 30, 2012, the hospital M&A market accounted for 386 transactions. Deals from the last three years accounted for 56 percent of all transactions during that time period.
Those deals involved more than 96,000 acute-care beds and generated combined net patient revenue of approximately $62.5 billion.
