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NORWALK, Conn., July 9 /PRNewswire/ -- According to a new Report from
Irving Levin Associates, a total of 265 mergers and acquisitions were
announced in the health care industry during the second quarter of 2008, a
19% increase from the 223 deals announced in the prior quarter. Based on
preliminary figures, a total of $85.5 billion was committed to fund the
second quarter's M&A activity, a 209% increase over the prior quarter's
$27.7 billion. It is also a 25% increase over the $68.3 billion spent in
Q2:06 and a 39% increase over the $61.3 billion spent in Q2:07. Despite the
slow-down in global M&A, activity in the health care industry is robust and
on the rise.
The Health Care M&A Market Second Quarter 2008
Dollar Amounts By Sector*
Dollar Amount Percent of
Second Quarter Quarter
Sector 2008
Home Health Care $1,658,700,000 2 %
Hospitals 644,000,000 <1 %
Long-Term Care 361,750,000 <1 %
Labs, MRI, Dialysis 29,587,000 <1 %
Managed Care 14,500,000 <1 %
Rehabilitation 9,500,000 <1 %
Behavioral Health Care 0 -
Physician Medical Groups 0 -
Other Services 2,118,558,000 3 %
Services subtotal $4,807,008,000 6 %
Medical Devices $53,347,291,000 63 %
Biotechnology 16,316,388,000 19 %
Pharmaceuticals 8,207,938,000 9 %
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| SOURCE Irving Levin Associates, Inc. Copyright©2008 PR Newswire. All rights reserved |