Healthcare merger and acquisition-related transaction volume picked back up in June with $73.5 billion in capital being invested in the quarter, according to an update from Provident Healthcare Partners.
What you should know:
1. The COVID-19 pandemic decreased the number of deals closing in April and May, but a series of deals, representing 42 percent of quarterly volume, in June showed the market is recovering.
2. Established platforms “underwent a difficult transitional period” but have pivoted to telehealth, and some have created new business lines by establishing departments to treat COVID-19 patients.
3. Investors targeted the durable medical equipment, healthcare IT and pharmaceuticals sector in the quarter.
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