MidMarket Capital Reports Record Activity in Healthcare Technology M&Amp;A
Posted on: Tuesday, 8 May 2007, 15:00 CDT
MidMarket Capital, an investment bank, today reported strong growth in its healthcare technology M&A business during the initial months of 2007.
According to James Brennan, managing partner for healthcare, MidMarket Capital Inc., "As we approach mid-year, we have added five new healthcare clients."
"Mergers and acquisition activity in the healthcare information technology sector is at the highest level in several years. Many of the larger companies are looking for acquisitions to fill gaps in their product portfolios and to take advantage of new technologies," said David Kauppi, president, MidMarket Capital.
Brennan said that niche vendors in the healthcare information sector are poised to have a record year and identified these trends:
1. Many smaller healthcare IT companies have focused on specialized technologies and, in some cases, leapfrogged ahead of the larger companies.
2. Despite advanced technology, smaller companies still find it hard to compete, due to the strong preference by healthcare executives to choose larger, multi-product vendors.
3. Investors in larger IT companies are looking for double-digit growth this year, pushing some organizations into buying growth through acquisitions of smaller companies.
Kauppi added that the new business activity was in line with the "Healthcare Outlook for 2007 Report" issued by the firm earlier in the year. At that time, the firm projected that the number of deals in the industry would be higher in 2007 than 2006, although the total M&A dollar value might not increase because there would be many more smaller deals lowering the average deal size and total annual volume.
About MidMarket Capital, Inc.
MMC, based in Chicago, provides investment banking and merger and acquisition advisory services to healthcare technology companies. See www.midmarkcap.com or email brennan@midmarkcap.com
Contact: James R. Brennan MidMarket Capital, Inc. Contact via http://www.marketwire.com/mw/emailprcntct?id=2DC62DC097501C87 O: 631-689-1081 James Harris Westside Public Relations Contact via http://www.marketwire.com/mw/emailprcntct?id=D618759E0D5A670B O: 310-398-5565
SOURCE: MidMarket Capital Inc.
Source: MARKET WIRE
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