Report: M&A down in Q1 2013
DUBLIN, Ireland – Mergers and acquisitions in the medical equipment industry, along with asset transactions, were down 14% in the first quarter of 2013, according to a report from Research and Markets, a global market research firm. There were 139 deals in the first quarter of 2013, compared to 162 deals in the same quarter of 2012, the report noted. The fourth quarter of 2012 saw 164 deals close. “Deal activity slowed as companies have been apprehensive about their investments owing to macroeconomic and geopolitical concerns,” authors of the report stated. Healthcare IT and in-vitro diagnostic markets recorded the highest number of deals in the first quarter, according to the report. One high-profile deal in the first quarter: Cardinal Health’s acquisition of AssuraMed for $2.07 billion.