Healthcare sector M&A deals up 155% in FY19, valued at Rs 7,615-cr: ICRA

Fortis Healthcare, Max Healthcare acquisitions account for 83 per cent of the total value of M&A deals

Rating agency ICRA on Monday said merger and acquisition (M&A) deals in hospitals jumped by 155 per cent in 2018-19 amounted to Rs 7,615 crore as against transactions worth Rs 2,991 crore done in the previous year. 

The two largest transactions involving the acquisition of stakes are - Fortis Healthcare at Rs 4,000 crore and Max Healthcare at Rs 2,351 crore together account for 83 per cent of the value of the deals in the year under review. This is the highest value of M&A transactions in the sector in over five years and thereby creating a new record, said