Lexology March 2, 2021
The global outlook for M&A in the digital health and particularly the telehealth sector has never been brighter than today. Telehealth’s global growth story, its inherent potential for upheaval in the healthcare industry and the immense potential to create profits continues to attract the interest of dealmakers internationally.
According to McKinsey & Co., in 2020 46% of U.S. healthcare consumers were using telehealth services, up from 11% in 2019. Total annual revenues for U.S. telehealth companies were “only” USD 3 billion prior to the COVID-19 pandemic, however, McKinsey estimates that this annual figure could soon rise to a staggering USD 250 billion in the US alone. The market also soars in Europe. Market Data Forecast, a research provider, estimates that...
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