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- Title
Analysis of the Effectiveness of Healthcare M&A Transactions in Developed Countries.
- Authors
Nazarova, Varvara
- Abstract
The healthcare industry is a large and fast-growing segment of the corporate world, especially in developed countries. In the face of growing competition, healthcare companies inevitably resort to mergers and acquisitions (M&As) in order to accelerate their development. The objective of this study is to identify the creation of additional value for M&A deal participants in the healthcare industry in the United States and the European Union in 2008-2017. In this paper, we propose the following thesis statement: can healthcare companies expect excess returns from M&A deals? On average, M&A deals in the healthcare industry in developed countries create positive abnormal returns for acquiring companies and are efficient; a positive, significant impact on abnormal returns was found in the deal value of M&A deals, a negative significant impact was observed for deals conducted with the shares payment method and for acquiring companies with a larger number of employees.
- Subjects
EUROPEAN Union; DEVELOPED countries; ABNORMAL returns; VALUE creation; PAYMENT; MEDICAL care; HOTEL mergers; PAYMENT systems
- Publication
Panoeconomicus, 2021, Vol 68, Issue 3, p375
- ISSN
1452-595X
- Publication type
Article
- DOI
10.2298/PAN180203021N