Health-Care Deals Drop in February, Uncertainty Ahead Amid Crisis (1)

Health-care transactions in February outpaced deal volume from February 2019, but they were down considerably from January. It likely won’t be clear until summer how deals will be affected by the new coronavirus pandemic.

While the 123 deals closed in February would indicate that 2020 is on track to be a record year for total deals, the world has changed in the last few weeks given the economic disruption caused by the virus, Lawrence Kocot, a principal at KPMG LLP in Washington, said.

“All bets are off in terms of how this global health crisis will impact overall ...