Healthcare merger and acquisition revenue reached a record high in the second quarter of 2022, as more healthcare organizations sought to join forces, improve quality of care, and lower healthcare costs.
Conducting due diligence is a crucial part of any M&A transaction, as it allows buyers to assess the target company’s financial posture and capabilities, and risk factors, Health IT Security reports. But in addition to evaluating finances and operations, buyers must also consider the company’s cybersecurity posture.
“Like other types of diligence, it is useful to understand the overall cyber maturity and cyber resiliency of the asset that you’re purchasing and understanding what they have in place to both help reduce the potential likelihood of some sort of incident from occurring, as well as the potential impact if something were to occur,” Christina Powers, managing director of cybersecurity at West Monroe, explained. Read more.
