M&A MARKET UPDATE FEBRUARY 2021 S.E. MONTHLY REVIEW
Notable Trends in February 2021
For the month of February, deal count decreased for the second month in a row, down 21% from January. Compared to February 2020, deal activity was down 43%. Capital invested was up by 12% year-over-year, but down 40% compared to last month. The acquisition of AeroCare Holdings by AdaptHealth and New Hanover Regional Medical Center by Novant Health drove invested capital in February. These two deals comprised 92% of capital invested in the Southeast. Median deal size was $17 million, a 40% decrease from the median of $28 million in February 2020 and a decrease from $125 million in the month previous. A major driver for activity has come from companies looking to grow as we emerge from this global pandemic especially in the digital and tech industries.
