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Webster Bank is increasing its commitment to its Healthcare industry vertical by naming Steve Dowe, senior vice president, to lead Webster’s Middle Market Healthcare vertical focused on privately owned health care providers and senior housing operators. Dowe, whose coverage area will encompass the eastern United States, will focus on providing. ....
Healthcare M&A Revs Up For Post-Covid Growth Advertisement M&A transactions globally increased 25% in the second half of 2020 from the first half and were up 14% year over year. April 01, 2021 Bolt-on acquisitions of healthcare and pharma businesses will intensify this year as large companies refocus their core business and private equity funds target assets that grew faster during the pandemic. Five mega deals totaling around $97 billion dollars gave a solid impulse to M&A last year. Among the top deals, AstraZeneca bought Alexion Pharmaceuticals, Gilead Sciences took over Immunomedics, and Bristol Myers acquired MyoKardia. The number of global transactions increased 25% in the second half of 2020 from the first half and was up 14% year over year, according to estimates by PwC. The acceleration was driven by acquisitions of medical devices, biotech, and pharma in Asia, according to the PwC report Global M&A Industry Trends in Health Industries. ....