Health-care and life sciences transactions continued at a strong pace in May, with 231 deals announced or closed, the third month in 2021 with at least 225 transactions. …
May was also a strong month for activity in the behavioral health sector, with 15 deals closed or announced, up from just three in April 2021 and three in May 2020.
The surge in transactions was driven by investments in autism treatment and substance abuse treatment, according to Gary Herschman of Epstein Becker & Green in Newark, N.J. …
Cannabis deals are also continuing strong growth, with 26 announced or closed deals in May, bringing the total this year to 106, said Zachary Taylor of Epstein Becker & Green in Newark.
Those figures indicate the sector continues to thrive in both the short term and long term, with deal volume likely to exceed 200 transactions before year’s end, he said.
Trulieve Cannabis Corp.’s announced acquisition of Harvest Health & Recreation Inc. is a sign of things to come, Taylor said. The combined business will have operations in 11 states, including 22 cultivation and processing facilities and 126 dispensaries.