I wanted our readers to be aware of this since many of our reader’s hospitals may be acquired in the near future.
Healthcare merger and acquisition spending jumped to $135.2 billion during the second quarter of this year, a 152 percent increase from $53.6 billion during the second quarter of 2013, according to an Irving Levin Associates report.
That’s also a 171 percent increase from $49.9 billion in the first quarter of 2014. Ninety-one percent of that combined spending came from transactions on the technology side, according to the report. Overall deal volume also increased to 297 transactions, up 20 percent from 248 deals announced during the second quarter of 2013 and up 13 percent from 264 transactions in the first quarter of this year.
Hospital deal volume, however, dropped by 59 percent to nine transactions during the second quarter, compared with 22 deals in the second quarter of last year. That’s also a 31 percent decreased from 13 deals in the first quarter of 2014.