Mergers and acquisitions within long-term care led all other healthcare segments in deal volume last year, representing 412 of the year’s 1,182 healthcare deals, according to a new report by PwC.
Other key findings include:
- Long-term care represented 35 percent of healthcare deal volume and increased 34.2 percent year-over-year
- Behavioral care experienced the most year-over-year growth in volume (up 52.6 percent) and in value (up 141.9 percent)
- Significant transactions in 2018 included Welltower’s acquisition of Quality Care Properties (QCP) and ProMedica’s acquisition of QCP tenant HCR ManorCare, which together totaled more than $4 billion
Interest in deals within the healthcare sector is expected to grow, according to PwC’s report.
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