It seems the health care industry was busy wheeling and dealing in the second quarter of 2013, with an emphasis on deal value of mergers and acquisitions, according to a report by Irving Levin Associates, Inc.
Health care M&A activity was up 10 percent in the second quarter, with 223 deals announced. What’s shocking, however, is that the value of deals rose from $14.9 billion in the first quarter to $52.6 billion in the second quarter, a 252 percent jump.
Three sectors posted declines, however. Behavioral health care (-43 percent), eHealth (-63 percent) and hospitals (-32 percent).
The report states that it’s important to note that the eHealth sector is seeing a definite slowdown from the M&A frenzy that occurred in the second quarter of 2012, when 24 deals were announced.