01 Nov Health Care M&A Activity Spikes in Q3

ImagingBiz.com | October 28 – Health care mergers and acquisition activity spiked to $66.5 billion in the third quarter of 2010, up 44% from the $45.1 billion spent in the previous quarter, reveals a new report from research firm Irving Levin Associates, Norwalk, Ct. Third-quarter activity also rose 74% from the $38.2 billion spent during the same three months of last year, the report indicates, with a total of 230 mergers and acquisitions occurring between July and September, versus 233 deals announced in the prior quarter.

Hospitals led M&A activity on the services side, striking 24 deals worth $6.5 billion and accounting for a total of 10 percent of third-quarter deal volume. This represents a 26% increase over 19 deals written during the second-quarter of 2010 and a 20% increase over 20 deals written during third-quarter 2009. Physician groups announced 13 M&A agreements, up 44% from nine agreements set in the previous quarter as well as 44% from nine agreements announced in third-quarter 2009.

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