There were 939 healthcare services transactions in 2016, down from 952 deals in 2015. In both years, long-term care had higher deal volume than any other subsector.
The healthcare services transactions reported in 2016 had a total value of $71.7 billion. That’s down significantly from 2015’s total deal value of $177.5 million. The decline in total transaction value is largely attributable to fewer megadeals — transactions exceeding $1 billion — in 2016. There were 14 megadeals in 2016 compared to 18 the year prior.
Making up about 9 percent of last year’s total healthcare services deal value, Denver-based Envision Healthcare Holdings’ acquisition of Nashville, Tenn.-based AmSurg Corp. for $6.7 billion was the largest transaction in 2016.
Here are the five largest healthcare services transactions completed or announced in 2016, according to PwC.
1. Envision Healthcare Holdings’ acquisition of AmSurg — $6.7 billion
2. Bad Homburg, Germany-based Fresnius Helios’ announcement to acquire Madrid-based Quironsalud — $6.5 billion
3. New York City-based Blackstone Group’s announcement to acquire Knoxville, Tenn.-based TeamHealth — $6.1 billion
4. Chicago-based Abbott Laboratories’ announcement to acquire Waltham, Mass.-based Alere — $5.8 billion
5. Washington, D.C.-based Danaher Corp.’s announcement to acquire Sunnyvale, Calif.-based Cepheid — $3.9 billion
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