, Jan. 21, 2020
/PRNewswire-PRWeb/ -- Hospital merger and acquisition activity slowed in the fourth quarter of 2019, according to new acquisition data from HealthCareMandA.com. Twenty-three transactions were reported, a drop of 21% compared with the third quarter. Deal volume in the 2019 quarter bested the fourth quarter of 2018 by 10%. Dollar volume also declined compared with the third quarter, totaling $3.0 billion
, a 43% decrease. Year over year, Q4:19 spending was up 150% versus the $1.2 billion
reported in the same quarter in 2018.
Medical Properties Trust, a healthcare real estate investment trust, announced the largest deal in the quarter, by disclosed prices. The REIT paid more than $1.9 billion
to acquire the real estate assets of 30 acute care hospitals in the United Kingdom
, owned by BMI Healthcare. The transaction stemmed from the sale of BMI by Hospital Topco Limited to a smaller UK rival, Circle Health, for an undisclosed amount. Medical Properties Trust also acquired the real estate assets of 10 LifePoint Health hospitals in six states for $700 million
. The REIT announced eight deals in 2019, paying some $5.7 billion
to acquire 83 hospitals (4,365 beds) in the United States
, the United Kingdom
"The fourth quarter activity was notable for the growth of regional health systems," stated Lisa E. Phillips
, editor of the Health Care M&A Report, which publishes the data. "Two sizable systems joined even larger ones, in Florida
and New Hampshire
, while several large hospitals teamed up with bigger players in their regions. This will be the trend in 2020."
All quarterly results are published in The Health Care M&A Report, which is part of the HealthCareMandA.com investment research source. For sector-specific research and analysis, please see The Hospital Acquisition Report 2019. For more information, or to order the reports, 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.