Health IT M&A Grows in Q1
The total value of the announced deals was $624 million, with only 13 of the 22 announcements releasing the amount of the deal value. The average deal size was about $48 million, with the median at around $11 million.
"A lot of them arent huge deals; people dont have expectations to make millions of bucks overnight," said the report editor, Sanford Steever. The most popular type of deals was with medical record companies because they provide a tangible service, Steever said.
In March, WebMD announced its deal to acquire HealthShare Technology, a company offering Web-based hospital-quality comparison tools, for $36 million in cash and milestone payments. HealthShare works with seven of the top 10 health plans, helping plan members make informed hospital decisions. It brings 85 million members to WebMD, which already serves 20 million consumers and health care professionals through its portal.
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