Gary Herschman Quoted in “LTC Deals Led Healthcare Transactions for July”

McKnight’s

Gary W. Herschman, Member of the Firm in the Health Care and Life Sciences practice, in the firm’s Newark office, was quoted in McKnight’s, in “LTC Deals Led Healthcare Transactions for July,” by Emily Mongan.

Following is an excerpt:

Since the beginning of the year, the sector racked up 121 reported transactions, putting it at the top of the healthcare deals list. Facilities were involved in 18 transactions last month, along with 6 additional in the home care and hospice space, according to data published by Bloomberg BNA on Thursday. That put long-term care ahead of other sectors, including physician practices, hospitals and healthcare IT.

The trend is showing no signs of slowing down, Gary Herschman, an attorney with the firm Epstein Becker & Green, told Bloomberg.

“As the baby boomers move into their 60s and 70s, investment continues in the long-term care sector, which expects a corresponding growth in demand for services in the near future,” Herschman said.