While 2019 and 2020 saw just one megadeal each year, the 12 months between Nov. 2020 and Nov. 2021 saw seven such deals.
There was a surge in mergers and acquisitions (M&A) in health care across the board in 2021, a new industry report has found. The entire health care sector saw an "extraordinary" volume of deals, according to the report from PwC, with overall deal volumes increasing 56%. M&A activity was strong in the areas of long-term care, managed care, and rehabilitation. Physician medical groups saw a large jump (119% growth) in M&A deals.
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