Healthcare Services | Second Quarter 2019

July 2019 – With almost 425 healthcare transactions announced, M&A transaction volume in Q2 2019 was up 8% over Q1 2019. Compared to the record-breaking 2018 healthcare M&A transaction volume, Q2 2019 was down 12% versus the same time a year prior, according to preliminary figures from Irving Levin Associates Inc. Deal value in Q2 2019 totaled $138 billion, down 4% from the year-ago period. Consistent with Q1 2019, the long-term care sector accounted for the largest share of transaction activity, representing 27% of the total transaction volume with over 100 deals in both Q1 and Q2 of 2019, which is indicative of growing demographic trends across the country. In early June, Ventas, Inc. (NYSE: VTR) announced the first long-term care transaction in 2019 exceeding $1 billion, acquiring an 85% ownership interest in a seniors housing portfolio located throughout the Canadian province of Quebec for $1.8 billion.

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July 31, 2019