Global healthcare IT M&A value touches $7 bn in 2012: Decision Resources
Indian drug firm Piramal Healthcare's acquisition of US-based Decision Resources, a healthcare information company which provides web-enabled research, for USD 635 million was the fourth largest M&A transaction of 2012, according to a report by consulting firm Mercom Capital Group.
M&A deals in healthcare IT sector have been picking up in the last three years, the report said. There were as many as 163 M&A transactions worth USD 7 billion in 2012, while in the previous year, there were 85 deals worth USD 6 billion.
In 2010, M&A activity in the healthcare IT sector saw 85 transactions totalling USD 4 billion.
"M&A activity in the healthcare IT sector was robust with 163 transactions totalling approximately USD 7 billion in 2012," the report noted.
The top 5 M&A transactions included USD 1.4 billion acquisition of Sunquest Information Systems by Roper Industries, followed by Thomson Reuters' HIT business acquired by Veritas Capital for USD 1.25 billion, One Equity Partners' USD 1.1 billion purchase of MModal and Decision Resource- Piramal Healthcare deal worth USD 635 million.
Besides, USD 473 million acquisition of maxIT Healthcare by Science Applications International Corp was the fifth largest deal.
The report said that McKesson was the most active acquirer with four transactions. Besides, there were 14 other companies with two acquisitions each and 13 private equity firms also made acquisitions in
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