Fierce Healthcare November 13, 2023
Two major healthcare deals closed last week on the heels of a relatively quiet year for healthcare M&A deals.
Dealmaking activity in the healthcare sector hit a three-year low in the second quarter of this year, according to a report from KPMG. There were 245 healthcare M&A deals in the second quarter of this year, 7% below deal volume a year ago and 41% short of second-quarter 2021 levels.
Virgin Pulse, digital-first health, well-being and navigation company, completed its merger with third-party health benefits administrator HealthComp, the companies announced Thursday.
The combined company’s value is $3 billion, the companies said when they announced the deal back in late September.
The merger aims to drive lower costs and improve outcomes...