Hospitals, long-term care and managed care all saw strong boosts in merger-and-acquisition activity in the third quarter of 2009 compared with both the second quarter of this year and the third quarter of last year, Irving Levin Associates said.
Jump in merger-and-acquisition activity seen
Twenty-one hospital deals were announced in the third quarter, compared with 16 deals in the second quarter and 15 deals in the year-ago quarter, making it the busiest quarter for new deal announcements since the fourth quarter of 2001, Levin said. In long-term-care, 19 deals were announced, compared with 13 in the second quarter and 18 deals in the year-ago quarter. There were seven managed-care deals announced in the third quarter, compared with four deals in the second quarter and three deals in the year-ago quarter.
“The recent uptick of (merger-and-acquisition) activity in facility-based sectors suggests that lenders and other providers of capital are looking to do more business,” according to Levin. (For more on this topic, please see The urge to merge.)
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