Hospital merger-and-acquisition activity heated up in the third quarter ended Sept. 30, compared with both the year-earlier period and the second quarter ended June 30, according to a new report. Based on preliminary figures, there were 20 hospital deals announced in the quarter, up from 17 deals announced in the year-ago quarter and 11 deals announced in the second quarter, said the report by Irving Levin Associates, New Canaan, Conn. Overall, 106 healthcare services deals were announced in the quarter, down from 136 in the second quarter, but up from 87 in the year-ago quarter. The overall healthcare market, including medical devices, biotechnology and, especially, pharmaceuticals, has been the strongest sector in the economy for mergers-and-acquisitions activity this year with $92 billion in announced deals, the firm said. While hospital deals are picking up this year, hospital and broader healthcare services sectors are still showing far fewer deals than the peak about five years ago, said Stephen Monroe, a partner at Irving Levin. Monroe expects activity to rise in the fourth quarter. -- by Vince Galloro
Merger-and-acquisition activity picks up
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