18 Jun 2020
Posted in Business Fundamentals
Healthcare sector witnessed 12% growth in deal activity during week ended June 14, says GlobalData
The number of deals announced in the global healthcare sector (including pharmaceuticals and medical equipment) grew by 12% during the week ended June 14, 2020 compared to the previous week, according to GlobalData’s deals database.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Though the healthcare sector has been relatively resilient compared to other sectors amid uncertainty and volatile market conditions due to the COVID-19 outbreak, deal activity in the sector has been inconsistent during the last few weeks. The growth during this week is the second consecutive week of growth in deal activity, while some of the previous weeks also showcased decline.”
Deal activity has also remained inconsistent across geographies since the COVID-19 outbreak. While deal activity increased in key markets such as the US and China during the week ended June 14, 2020 compared to the previous week, the UK and Canada witnessed decline.
Mergers and acquisitions (M&A), partnerships and equity offering deals volume increased by 8%, 9.8% and 3.6%, respectively, during the week ended June 14, 2020 compared to the previous week, while the number of private equity and venture financing deals declined by 8.3% and 5.4%, respectively.