Healthcare DIVE April 29, 2019
Dive Brief:
Healthcare M&A volume dropped in the first quarter of the year, but the deal value tripled from the previous quarter driven by the Centene-WellCare deal, valued at $17.4 billion. That deal made up more than half of the quarter’s value, according to a new PwC report. Centene/WellCare was also the largest managed care deal since the CVS/Aetna merger in 2017.
PwC said first quarter 2019 deal volume declined 21.2% from a year ago and 28.3% compared to the previous quarter. The quarter’s 231 deals were 8.2% below the quarterly average since 2014.
The one megadeal drove value. However, even if you remove the megadeals in the first and previous quarters, deal...
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