Hospital merger and acquisition activity volume for the third quarter of 2010 is up 20 percent compared to third quarter of 2009, according to a new report from Irving Levin Associates.
The hospital M&A market for the third quarter totaled more than $6.5 billion and included 24 deals. This volume was also higher than activity during the second quarter of 2010 by 26 percent.
Hospital M&A activity accounted for 10 percent of all healthcare activity in the quarter. Biotechnology was the most active in the healthcare sector, with $28.6 billion in activity.
For the entire sector, M&A activity totaled $66.5 billion with 230 deals, while the quarter prior included 233 deals worth $45.1 billion.
The increase in dollar volume over the previous quarter may be attributed in part to a return of confidence to the market and to a release of pent-up investment dollars that had been sitting on the sidelines during the economic downturn of the past two years, according to the report.
For the first three quarters of 2010, there were 682 deals in the healthcare sector with a combined value of $144.5 billion.
Read the Irving Levin Associates release on hospital M&A activity.
Read more coverage on hospital M&A activity.
- How New Federal Enforcement Guidelines Will Affect Hospital Mergers and Acquisitions: Q&A with Chris Myers at Navigant Consulting
- Changes in Antitrust Guidelines Open 11 Markets to Mergers and Acquisitions
- Hospital Mergers on the Rise Across the Country
The hospital M&A market for the third quarter totaled more than $6.5 billion and included 24 deals. This volume was also higher than activity during the second quarter of 2010 by 26 percent.
Hospital M&A activity accounted for 10 percent of all healthcare activity in the quarter. Biotechnology was the most active in the healthcare sector, with $28.6 billion in activity.
For the entire sector, M&A activity totaled $66.5 billion with 230 deals, while the quarter prior included 233 deals worth $45.1 billion.
The increase in dollar volume over the previous quarter may be attributed in part to a return of confidence to the market and to a release of pent-up investment dollars that had been sitting on the sidelines during the economic downturn of the past two years, according to the report.
For the first three quarters of 2010, there were 682 deals in the healthcare sector with a combined value of $144.5 billion.
Read the Irving Levin Associates release on hospital M&A activity.
Read more coverage on hospital M&A activity.
- How New Federal Enforcement Guidelines Will Affect Hospital Mergers and Acquisitions: Q&A with Chris Myers at Navigant Consulting
- Changes in Antitrust Guidelines Open 11 Markets to Mergers and Acquisitions
- Hospital Mergers on the Rise Across the Country