The Health Care M&A Monthly: The Month in Deals -
July Sees 69 Deals Worth A Combined $35.5 Billion
The month of July saw a total of 69 mergers and acquisitions announced in 13 sectors of the health care industry, down 17% from the 81 deals announced in June.
The nine sectors of the services segment accounted for 36 deals, or 52% of the month’s total deal volume, with the four technology sectors posting the remaining deals.
Among individual sectors, Medical Devices led with 14 transactions, or 20% of June’s M&A activity. It was followed by Biotechnology with eight deals and Pharmaceuticals with seven. Within the services sectors, Long-Term Care posted the greatest volume with six deals. Managed Care, at the other end of the scale, posted none.
Based on revealed prices, a total of $35.5 billion was committed to finance the month’s 69 transactions, up slightly from the $32.3 billion spent in June. The lion’s share of July’s amount came from the proposed $33 billion leveraged buyout of HCA by a consortium of private equity firms. As a result, the services segment led with $34.3 billion, or 97% of the month’s total, while the technology segment contributed the remaining $1.2 billion.
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