Market Overview

Physician Medical Group M&A Activity Stays Strong in Q2:2018

Share:

Physician Medical Group M&A Activity Stays Strong in Q2:2018

Acquisition activity in the physician medical group market stayed strong in the second quarter of 2018, according to data from HealthcareMandA.com

PR Newswire

NORWALK, Conn., July 25, 2018 /PRNewswire-PRWeb/ -- Physician medical group M&A activity was strong in the second quarter of 2018, according to new data from HealthCareMandA.com. The number of physician medical group acquisitions totaled 53 in the second quarter, a slight decline from the first quarter's activity of 55 transactions. Compared with the year-ago second quarter, however, the M&A activity increased by 60% from 33 acquisitions. Although prices were disclosed on only four transactions, they totaled $12.178 billion as a result of two billion-dollar deals. KKR purchased Envision Healthcare for $9.9 billion, and Summit Partners bought Sound Inpatient Physicians Holdings from Fresenius Medical for $2.15 billion.

The most prolific buyers in the second quarter were U.S. Dermatology Partners with four acquisitions, followed by MEDNAX, Inc., Platinum Dermatology Partners and Chesapeake Urology Associates with two acquisitions each. Private equity firms were the direct buyers in nine of the acquisitions, while portfolio companies of private equity firms accounted for 19 acquisitions in the second quarter. The most sought-after practice was dermatology with nine acquisitions, followed by ophthalmology with four and urology with three. "Private equity firms and their portfolio companies continue to expand in the sector, dominating the acquisition market," said Lisa Phillips, editor of the Health Care M&A Report, which publishes the data. "Their exit strategy is not clear, but they are targeting those practice areas with the least amount of managed care interference," Phillips continued.

All quarterly results are published in The Health Care M&A Report for all 13 sectors of health care, which is part of the HealthCareMandA.com. For more information, or to order the report, call 800-248-1668. Irving Levin Associates, Inc. was established in 1948 and has headquarters in Norwalk, Connecticut. Irving Levin Associates is celebrating 70 years of delivering exclusive M&A intelligence to its sophisticated audience of seniors housing and healthcare investors, and 2017 marked the third year in a row that the firm was recognized by Inc. 5000 as one of the fastest growing media companies in the country. The company publishes research reports and newsletters, and maintains databases on the health care and senior housing M&A markets.

*To receive this press release via email, send a message to pressreleases@levinassociates.com

Phone: (203) 846-6800Lisa Phillips, Editor
Fax:(203) 846-8300

PHYSICIAN MEDICAL GROUP M&A ACTIVITY STAYS STRONG IN Q2:2018,
ACCORDING TO ACQUISITION DATA FROM HEALTHCAREMANDA.com

 

SOURCE HealthCareMandA.com

View Comments and Join the Discussion!