Health care merger and acquisition activity soared in the second quarter of 2018. The number of deals announced reached 462, up 8% compared with the previous quarter, and 21% higher than the same quarter in 2017. Combined spending in the second quarter reached
Health care services represented 62% of the second quarter's transaction total, lower than the 64% share reported in the previous quarter. The pace was set by the Long-Term Care sector, which posted 106 deals, its second-highest quarterly total ever. Growth was strong in other services sectors, including Behavioral Health Care (+91% compared with the year before),
On the technology side, transaction growth was strong in the eHealth (+38% compared with the year before) and Pharmaceutical (+150%) sectors. The eHealth sector has grown beyond revenue cycle management and electronic health records to include telemedicine services for a range of patient populations, data analytics and remote monitoring systems for patients with chronic conditions.
Spending was affected by a single deal,
"The healthcare market is benefiting from a growing economy, relatively cheap equity and even from the tariffs and talk of trade wars," said
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