Mergers and acquisitions neared $15 billion among Medical Alley Association members in the second quarter of 2019, the Minnesota trade group said today.
About half of that was generated by one company — Minnetonka-based UnitedHealth Group (NYSE:UNH), which completed its long-awaited $4.3 billion acquisition of DaVita Healthcare (NYSE:DVA) in June. United also acquired two other companies in the quarter, driving its total Q2 spend to more than $7.5 billion.
Investors backed Medical Alley Association member companies at a near-record pace to start 2019, pumping over $260 million into Minnesota’s early-stage ecosystem in the first six months of the year, the medtech trade group said.
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