Digital health mergers and acquisitions are reaching a fever pitch this year as companies spent at least $46.1 billion on deals in the first half.
That's more than during any full year since market research firm Mercom Capital Group began tracking digital health M&A activity in 2010, and the real number is probably much higher.
The latest compilation of Mercom data reveals that 136 companies disclosed mergers or acquisitions through June. Only 29 of those firms provided financial details about the transactions, and those deals alone amounted to $46.1 billion. That's a big jump from at least $35 billion on 184 deals last year and at least $16.7 billion on 168 M&A transactions in 2019.
The 136 deals so far this year also is the most Mercom has recorded for a half year. Telehealth transactions were the most common (25), followed by practice management tools (20). Mergers and acquisitions between clinical decision support and mobile health app companies accounted for 10 transactions each.