Health-Care Deals Drop in April, but Some Doctors Eyeing Mergers

Health-care deals declined in April as the coronavirus pandemic has forced investors to delay or reconsider planned mergers and acquisitions.

But transaction activity is expected to pick back up later this year as physicians and independent hospitals hard hit by canceled procedures look to partner with larger health systems to help relaunch their businesses, analysts say.

The 106 transactions in April marked the lowest number of deals announced or closed during any month in 2020. The number of deals had dropped from 140 in March.

“The widespread economic and health uncertainty caused by the Covid-19 pandemic clearly has investors pausing, ...