Healthcare merger and acquisition spending totaled $51.5 billion in the third quarter of 2019, up 65 percent year over year, according to HealthCareMandA.com.
Although spending was higher year over year, deal volume was down. There were 408 deals announced in the third quarter of 2019, down 15 percent year over year and down 13 percent from the previous quarter.
Only two sectors of the healthcare industry — hospitals and managed care — saw more deals in the third quarter of this year than in the same period of last year. Hospital transactions were up 17 percent year over year and managed care deals increased 29 percent, according to the report.
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