Dealmaking accelerated in the hospital, home-health and long-term-care sectors of healthcare services in the second quarter compared with the year-ago quarter, according to Irving Levin Associates, New Canaan, Conn. Overall mergers-and-acquisitions volume for healthcare services was flat. The firm counted 15 hospital deals announced in the quarter, up from nine in the year-ago quarter. Sanford Steever, editor of Levin's The Health Care M&A Report, said in a news release, "Rural hospital operators remain bullish about their market niche and its ability to produce high returns for investors, translating into continued (dealmaking) activity in this part of the hospital industry." Twelve deals were announced in home health, compared with seven in the second quarter of 2004, and 25 in long-term care, up from 21 in the year-ago quarter. Levin Associates said it expected hospital and long-term-care operators, in particular, to continue heavy dealmaking through the rest of 2005. -- by Vince Galloro
Hospital mergers and acquisitions pick up: report
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