Healthcare merger and acquisition activity experienced a 10 percent deal volume increase in the second quarter of 2013 compared with the quarter before, with 223 deals announced, according to a report from Irving Levin Associates.
However, deal volume decreased by 15 percent compared to the 263 deals announced in the second quarter of 2012, according to the report.
Deal value in the second quarter was about $52.6 billion, compared to $14.9 billion in the first quarter of 2013. Deal value in the second quarter of 2012 totaled $52.3 billion.
Due to reimbursement reductions and decreasing inpatient volume, hospitals saw a 32 percent drop in mergers and acquisitions in the second quarter of this year, with only 15 deals announced. This constitutes a 42 percent drop from the 26 deals announced in the second quarter of 2012.
Economic pressures have created uncertainty, particularly for nonprofit hospitals, according to the report.
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