Mergers & Acquisitions
Latest Takeaways
Those hospital chains are divesting facilities in markets where they aren’t competitive. That network realignment strategy is expected to continue in 2025, when healthcare advisers expect overall M&A activity to slightly increase from 2024.
If the Prime-Ascension deal goes through, Ascension would be left with five hospitals in Illinois. Ascension has also been reconfiguring its Michigan market, where Henry Ford Health in September took over eight Ascension hospitals."
Executive Summary
Updated: October 30, 2024
- After August had the lowest number of closed deals for the year with 123, September registered another drop. The 119 deals fell short of 2024's monthly average of 141 per month.
- Home care and hospice was one of three sectors that had more closed deals in September than its average. The sector had nine deals, higher than its average of five. The digital health and rehabilitation sectors bested their year-to-date average by one.
- While once again leading all sectors in the number of closed deals, life sciences and pharmaceutical saw only 31 closed deals in September, 13 below its monthly average of 44. Digital health came in second while medical devices and supplies was third with 18 closed deals, matching its year-to-date average of 18.
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Healthcare Transactions Database
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Transactions by Month
Number of closed transactions per primary sector, reported in November 2024
About the Transaction Data
The list of transactions was compiled by KPMG LLP and Ziegler using public announcements, other publicly available information and various industry databases. The list is updated monthly.
Sources and Methodology
The M&A data on this page, and special quarterly insights, are part of a new industry-wide healthcare transactions initiative with our partners KPMG, Epstein Becker & Green, and Ziegler
Epstein Becker & Green PC is a national law firm with 21 offices across the country and approximately 180 healthcare attorneys who focus on healthcare mergers, acquisitions, joint ventures and other transactions, as well as all aspects of healthcare regulatory law and compliance. For more information about EBG, please visit us at www.EBGLaw.com.
KPMG is one of the largest providers of professional services—advisory, strategy, audit, and tax—to the healthcare and life sciences industry globally with more than 4,200 industry-specific partners and professionals. KPMG professionals specialize in advising corporate, private equity, and public organizations across all phases of the M&A lifecycle, from deal strategy to diligence to post-close value creation. For more information about KPMG, please visit us at www.KPMG.com.
Ziegler | Best-in-class healthcare investment banking, advisory and capital raising solutions for companies across the healthcare industry. In our core practice areas of healthcare services, healthcare information technology, hospitals and senior living, Ziegler is one of the most active M&A firms offering innovative sell-side, buy-side, recapitalization/restructuring, equity private placement and strategic partnering services. For more information about Ziegler, please visit us at www.Ziegler.com.
This content is for informational purposes only, does not constitute legal advice, and may be considered attorney advertising in some jurisdictions. Epstein Becker & Green PC, KPMG LLP and Ziegler do not comment on any particular transaction referenced herein. The list of transactions was compiled by KPMG LLP and Ziegler using public announcements, other publicly available information, and various industry databases.
The information provided by KPMG LLP and Ziegler herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
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Modern Healthcare Data & Insights is produced by Tim Broderick, Sam McBroom, Michael Palazuk, and the Modern Healthcare editorial staff. All data and information are the property of Modern Healthcare and other sources where cited and are protected by copyright and other intellectual property laws. All rights are reserved by Modern Healthcare. Data and information may not be resold, republished, redistributed, sublicensed, or publicly displayed without the permission of Modern Healthcare.