Health-care dealmaking decreased in May under the pressure of record-setting inflation, Bloombeerg Law reports.
The number of completed or announced mergers and acquisitions was 154 in the month, down from 176 in April. The May total also marked a sharp drop from January, which saw 274 transactions.
Overall economic trends and supply chain issues point to a slowdown in transaction activity in many areas of the economy, but the health-care industry has unique characteristics that could support robust deal volume, said Gary Herschman of Epstein Becker & Green in Newark, N.J.
These include a large amount of “dry powder” in the hands of investors, and the sector’s tendency to be recession-proof, he said. Read more.
