Physician Medical Group M&A Activity Increased in Q4:2015
|FOR IMMEDIATE RELEASE||
NORWALK, CT - January 26, 2016 - The physician medical group (PMG) acquisition market increased in the fourth quarter of 2015, jumping by more than 15% from the third quarter’s activity. The 22 publicly announced physician medical group acquisitions were also 29% higher than the transaction volume in the year-ago fourth quarter. Only one acquisition in the fourth quarter of 2015 came with a disclosed price, and that was the acquisition of Questcare Medical Services by Envision Healthcare Holdings, Inc. for $135.0 million. Based in Dallas, Texas, Questcare Medical has more than 800 clinical providers at 50 facilities in Texas, Oklahoma and Colorado with annual revenues of approximately $160 million. “With the strong performance in the fourth quarter, 2015 was on pace to be the most active year for physician medical group acquisitions since 2011,” commented Lisa Phillips, Editor of the Health Care M&A Report, which publishes the data. With 88 announced acquisitions in this sector for the full year, 2015 posted a 46.7% increase over 2014 in number of announced physician medical group acquisitions. “Acquisition interest has been pretty steady, with three of the four quarters posting more than 20 acquisitions each,” stated Phillips. This market is expected to remain active with consolidation among the medical groups and continued acquisition interest from large hospitals and health systems for the primary medical groups.
All quarterly results are published in The Health Care M&A Report for all 13 sectors of health care, which is part of the Health Care M&A Information Source. For more information, or to order the report, call 800-248-1668. Irving Levin Associates, Inc. was established in 1948 and has headquarters in Norwalk, Connecticut. The company publishes research reports and newsletters, and maintains databases on the health care and senior housing M&A markets.
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