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August 2017

Q2 2017 Healthcare M&A Update

Greenwich Capital Group LLC’s Q2 2017 Healthcare M&A Update offers insight into recent trends in the Healthcare industry and the state of the overall middle-market M&A environment. The report provides a data-driven analysis on transaction volumes and values, valuation multiples and private equity deal flow.

Key findings include the following:

Middle-Market M&A

  • Middle-market M&A activity continued its downward trend and hit a low of 6,302 reported transactions in Q2 2017. Aggregate deal value, conversely, remained in line with historical levels, totaling $47.4 billion.
  • Disclosed deal values for the first six months of 2017 averaged $74.8 million, representing the highest average deal size over a six-month span during any period since 2010.

Healthcare M&A

  • Healthcare Services and Medtech led Healthcare M&A activity in Q2 2017, as businesses in these sectors continue to mature from early-stage start-up companies into investible platforms for growth and diversification.
  • Healthcare M&A valuation multiples averaged 10.5x EBITDA in Q2 2017, representing a 9.4% increase from the prior quarter.

View the complete Q2 2017 Healthcare M&A Update for a more in-depth analysis of key market trends and observations.