Health system megamergers continue to push deal activity to near-historic levels, evidenced by the fact that the amount of revenue tied up in such deals was nearly four times higher in the second quarter of 2019 compared with the prior-year period.
That’s according to Kaufman Hall’s latest healthcare M&A report, which tallied $11.3 billion in total transacted revenue in the recently ended quarter. That also approaches 2017’s historically high figure of $12.6 billion in the second quarter, the report said.
Despite the eye-popping revenue figures, the number of hospital and health system transactions—19—wasn’t far from the 21 transactions announced in the prior-year period. The 46 transactions announced so far this year closely track the 50 announced at the halfway point of 2018, Kaufman Hall found.