The majority of executives are planning healthcare partnerships, alliances and joint ventures to gain access to outside expertise and/or technology, according to a West Monroe Partners and Mergermarket report.
Mergermarket surveyed 100 senior corporate and private equity executives from U.S. firms that had completed at least one healthcare deal in the past two years.
Here are eight statistics:
Plans to target healthcare partnerships, alliances and JVs over the next 12 to 18 months
1. Will pursue more partnerships, alliances and JVs: 79 percent
2. Likely won't pursue more: 2 percent
3. Remains unclear at present: 19 percent
Greatest benefits of healthcare partnerships, alliances and joint ventures
4. Provides access to outside expertise and/ or technology: 57 percent
5. Lowers risk profile: 43 percent
6. Enables quicker growth of top-line revenue: 42 percent
7. Allows savings on costs associated with regulatory compliance: 38 percent
8. Secures funding on favorable terms: 16 percent