Gary W. Herschman, Member of the Firm, and Yulian Shtern, Associate, in the Health Care and Life Sciences practice, in the firm’s Newark office, co-authored an article in Bloomberg Law, titled “INSIGHT: Deals Galore—Health Care Transactions See Strong Third Quarter.”
Following is an excerpt:
The long-term care sector kept its top spot as the most active sector in health care mergers and acquisitions so far in 2019 and the pace of deals in the cannabis industry also accelerated in the third quarter of 2019. ...
Health care transaction activity has been increasing through the third quarter of 2019, setting a record pace as summer ends. Total announced/closed transactions reached more than 1,063 deals through year-to-date September 2019 compared to 821 through YTD September 2018.
Transaction volume showed no end-of-summer lull, with 477 announced/closed transactions in Q3, an extraordinary increase from the 291 transactions in Q3 of 2018.
As such, expectations remain strong for the fourth quarter of 2019 as September hit a monthly high of 163 announced/closed transactions for YTD 2019. This increasing momentum is expected to continue throughout 2020 (an election year), and through 2021 as well. ...
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