Healthcare Finance News April 15, 2021
Average seller size by revenue was $676 million, well above historical averages for the first quarter and for recent year-end averages.
The number of hospital and health system mergers and acquisitions saw a sharp decline in the first quarter of the year, but the average transaction size soared, finds new analysis from industry consultant Kaufman Hall. This trend is a reversal from Q1 2020, when COVID-19 first began to take hold in the U.S.
In total, there were 13 announced deals in Q1 2021, compared to 29 in 2020.
Average seller size by revenue was $676 million due to a pandemic-induced rise in “mega mergers” — involving two companies with over one billion dollars in annual revenue — and transactions...