Healthcare DIVE October 7, 2020
Dive Brief:
- Provider M&A activity in the third quarter was up significantly from the previous quarter but largely on par with recent Q3s, meaning the COVID-19 pandemic has not produced a dramatic decline in deals, according to a Tuesday report from Kaufman Hall.
- The third quarter saw 19 transactions announced, up from 14 in Q2. Of those, 17 were among nonprofit systems. Five of the acquirers were religiously sponsored and another five were academic.
- The average size of sellers by annual revenue was just under $400 million, a historically high level. Four transactions took place in which the seller had annual revenue above $1 billion, tying the record for such transformational transaction in a single quarter, according to the...
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