Preliminary data indicate that 980 healthcare merger and acquisition deals valued $227.4 billion took place in 2011, according to data publisher Irving Levin Associates, Norwalk, Conn.
M&A activity stayed strong in 2011, Levin says
Despite negative news regarding the euro, the dollar and the economy, the M&A market in 2011 was healthy, according to the company. Interest rates are low and companies have the cash to spend on deals, encouraging more activity, said Sandy Steever, editor of Levin's Healthcare M&A Information Source.
Year-over-year comparisons are tough to make at this time because additional deals will be revealed in securities filings and elsewhere, likely bringing the tally to over 1,000 for the year, Steever said. In 2010, the company identified 1,007 deals worth $207.7 billion.
Among the healthcare sectors announcing 100 deals or more in 2011, medical devices led with 170 deals, followed by long-term care with 161, pharmaceuticals with 115 and physician medical groups with 107. The two most sluggish sectors were behavioral healthcare and rehabilitation with 12 and 14 deals, respectively.
Modern Healthcare will publish its annual list of hospital mergers and acquisitions on Jan. 30.
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