Consolidation activity among local digital health startups is poised to accelerate the rest of this year, even as private financing is getting hit, experts said during a NYC Health Business Leaders panel discussion last Wednesday on how mergers and acquisitions are reshaping the sector.
Jon Swope, senior managing director of investment banking at SVP Securities, where he leads the firm’s digital health and health-tech practice, said he expects M&A activity to peak later this year. The current market environment, however, will result in cuts to valuations and more “mergers of equals,” or deals between firms of roughly equal size, he said.
That kind of deal
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