The global hospital acquisition market posted a decrease in activity the second quarter, with the number of publicly announced acquisitions slipping 19 percent from the first quarter and 8 percent from a year ago, according to HealthCareMandA.com, published by Irving Levin Associates Inc. of Norwalk.
There were 22 publicly announced hospital acquisitions with a combined dollar volume of $1.9 billion during the three months ended June 30, according to Irving Levin.
In the first half of 2016, 49 hospital deals have been announced, compared with 48 in the first half of 2015. Spending on hospital transactions in the first half of this year rose 14 percent, to $3.3 billion, compared with $2.9 billion in the same period in 2015.
The largest acquisition in the second quarter to come with a disclosed price was the $688 million acquisition of Healthe Care Australia, a portfolio company of Archer Capital and one of Australia’s largest private hospital operators. The buyer was Luye Medical Group, a division of China-based Luye Group, according to HealthCareMandA.com.
