The company’s healthcare mergers and acquisitions report found that private equity activity has been “strong and consistent” in 2022, according to an Oct. 14 news release from Irving Levin.
Three major deals from the quarter totaled $20.8 billion:
- CVS Health acquired healthcare payment platform company Signify Health for $8 billion.
- Remgro Limited, an investment company, purchased global hospital group Mediclinic International for $7.4 billion.
- Chubb, a provider of insurance for the healthcare professionals, acquired the life, accident and supplemental benefits sector of Cigna for $5.4 billion.
“Healthcare M&A activity is showing no signs of slowing,” Glenn Kalinoski, editor of healthcare at Irving Levin Associates, said in the release. “The two consecutive quarters of shrinking GDP and rising interest rates have not produced any slowdown in deal volumes.”
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