LTC spends $857 million on merger and acquisitions in 2Q
A total of $857 million was used to finance long-term care merger and acquisition activity in the second quarter, according to a report from Irving Levin Associates.
That represents 5% out of a total of $18.4 billion committed to deal activity in the healthcare realm. Only two other sectors: 1) labs, MRI and dialysis and 2) hospitals spent more than long-term care on merger and acquisition activity in the quarter.
Long-term care had 25 deals in the quarter, the most of any services segment. Hospitals and home healthcare were the next two sectors in terms of deal volume. The number of long-term care deals increased from the second quarter of 2004, which had 21. But it decreased from the 2005 first quarter, which had 28.