NORWALK, Conn.--(BUSINESS WIRE)--The physician medical group (PMG) acquisition market softened a bit in the third quarter of 2015. Even though the 15 transactions announced in this year’s third quarter bested last year’s third quarter by one deal, it was a drop from the 22 transactions in both the first and second quarters of this year. Prices are usually not disclosed in this market, but the one acquisition with a price was the largest this year, involving the acquisition of IPC Healthcare by TeamHealth for $1.6 billion. “This was a transformational transaction for both companies, and it was the second largest acquisition of a physician medical group company in the past eight years,” commented Lisa E. Phillips, Editor of the Health Care M&A Report, which publishes the data. With 59 announced acquisitions in this sector for the first three quarters of the year, 2015 is off to its strongest start in several years for PMG acquisitions. “Based on the number of transactions, this market is up 37% year-to-date from the first three quarters of 2014,” stated Phillips. This market is expected to remain active with consolidation among the medical groups and continued acquisition interest from large hospitals and health systems for the prime medical groups.
All quarterly results are published in The Health Care M&A Report for all 13 sectors of health care, which is part of the Health Care M&A Information Source. For more information, or to order the report, call 800-248-1668. Irving Levin Associates, Inc. was established in 1948 and has headquarters in Norwalk, Connecticut. The company publishes research reports and newsletters, and maintains databases on the health care and senior housing M&A markets.
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