Q3-2021 Healthcare IT Update
The Healthcare Information Technology (HCIT) sector continued to experience elevated levels of M&A activity during the third quarter of 2021. As providers, health plans and hospitals continue their search for innovative technology to assist in their operations, analytics and business intelligence was one of the most active sub-spaces in the past quarter. Notably, the acquisition of CIOX Health by Datavant marks the fourth time CIOX has changed hands, reflecting the heightened interest by financial sponsors and strategic investors in the sector.
During the last stretch of 2021, the HCIT sector is expected to continue its theme of robust M&A volume, driven by an industry need for better and more reliable data to enhance clinical decision making and ultimately improve patient outcomes.
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