Gary W. Herschman, Member of the Firm in the Health Care & Life Sciences practice, in the firm’s Newark office, was quoted in Bloomberg Law Health Law & Business, in “No Summer Slump for Health-Care Industry Deals,” by Mary Anne Pazanowski. (Read the full version – subscription required.)
Following is an excerpt:
There has been no summer slowdown in the health-care industry, as dealmakers amped up the number of transactions they announced or closed in July. …
Red-Hot Physician Practices
The pace should accelerate, Gary W. Herschman, a member of Epstein Becker & Green in Newark, N.J., told Bloomberg Law.
Investors mainly focused on eye care and dermatology practices in July, much as they have for about the past 10 years, Herschman said. But two July deals each in orthopedics and gastroenterology support predictions that the number of platforms in these two “hot” sectors will double in 2019, he said.
Radiology, obstetrics-gynecology, and oncology continued to see activity as well, Herschman said. …
Long-Term Care Not Slowing Down
Long-term care is still a growth sector with 20 deals in July, Herschman said. …
Steady Growth in IT, Hospital Sectors
The health-care information technology sector experienced steady consolidation in July, consistent with its performance throughout 2019 so far, Herschman said. Companies offering engagement and empowerment solutions for patients with chronic health conditions, platforms that make patient navigation easier, and data analytics software were popular targets in July, he said.
