Revenue from mergers approaches record levels in the second quarter this year.
7/26/2019 8:45
Mergers of large health care systems are on the rise and 2019 is shaping up to be a record year for transactions, according to a report from Modern Healthcare.
Looking at revenue from the mergers, $11.3 billion, it is almost four times higher in the second quarter this year compared to the same period in 2018, according to the article and data cited from Kaufman Hall’s recent health care M&A report.
The second quarter figures also approach the “historically high” figure of $12.6 billion in the second quarter 2017, Modern Healthcare reports.
While the revenue from mergers is approaching record highs, the number of transactions is on par with last year with 19 currently and 21 in second quarter 2018, according to the article. There are 46 total transactions on record this year, compared to 50 at midyear 2018, according to the Kaufman Hall data.