This brings the monthly average for the year up to 243 deals, a large increase from 2020’s average of 161.
The total number of transactions for the year is expected to top 3,000, which would make it a record-setting year.
The top five sectors with the most transactions in August were:
- Life science and pharmaceutical with 53
- Healthcare IT and software with 36
- Medical device and supplies with 29
- Cannabis with 28
- Physician practices and services with 24
However, the recent COVID-19 surge could present some short-term challenges, said Larry Kocot, principal and national leader of the Center for Healthcare Regulatory Insight at KPMG.
“The country remains well short of ambitious COVID-19 vaccination rate targets, and some parts of the country are experiencing the worst pandemic conditions in over six months,” he said.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
