FOR IMMEDIATE RELEASE
Lisa Phillips, Editor
NORWALK, CT – July 24, 2015 – The physician medical group (PMG) acquisition market remained strong in the second quarter of 2015. There were 22 publicly announced transactions in the second quarter, the same as the previous quarter but up 37.5% from the second quarter of 2014. Prices are usually not disclosed in this market, but the one acquisition with a price was the largest this year, involving the acquisition of Virtual Radiologic Corporation by MEDNAX, Inc. for $500 million. “MEDNAX does not usually disclose prices, but this was a big one for them. The fact that it was the buyer’s first acquisition in the radiology and telemedicine area, combined with the large size, may have caused management to disclose the price,” commented Lisa E. Phillips, Editor of the Health Care M&A Report, which publishes the data. With 44 announced acquisitions in this sector for the first half of the year, 2015 is off to its strongest start in several years for PMG acquisitions. “Based on the number of transactions, this market is up 50% from the first half of 2014,” 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 prime 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.
— end —
* To receive this press release via email, send a message to email@example.com
Click here to get more information on any of our Publications.