Health Care Mergers Worth $227.4 Billion Last Year

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The health care merger and acquisition market in the US generated 980 deals worth $227.4 billion in 2010, which was 9% higher than the previous year, based on a market report by Irving Levin Associates, Inc.

Over the past 10 years, 2010 ranked as the fourth highest year in terms of acquisitions. In 2006, the health care acquisition market peaked at $268.4 billion, according to the report.

Market analysts with Irving Levin believe that 2011 will see an increase in deal volume with a modest increase in dollar amounts.

Notable mergers in 2010 included the acquisition of Vlingto, with its voice-recognition solution, by Nuance Communications, a provider of speech and imaging solutions. Also, in Decmeber Fujifilm Holdings Corp. announced that it would acquire Sonosite for nearly $1 billion.