MedWorld Advisors @ HIMSS 2021
The MedWorld Team In Action
Dave Sheppard, Ryan Stellar, and Daniel Sheppard, members of the MedWorld Advisors Team, attended HIMSS 2021 last week for the purposes of meeting targeted acquirers on behalf of some of our clients in the process of selling their businesses, as well as reconnecting face to face with our network following the pandemic.
While attendance was sparse at HIMSS (compared to most pre-COVID years), the good news is that key executives were there which allowed for highly productive conversations with many potential buyers. We were also able to have engaging meetings to understand the strategy of many strategic acquirers.
While these meetings will lead to positive impacts for our current clients, these conversations also helped us to gain more insight into the inorganic objectives of some very acquisitive companies in our industry.
It’s clear that major companies (like Amazon, Philips, Salesforce, 3M, and more) remain keenly committed to expanding the growth of our Digital Healthcare Market Segments. It’s also exciting to see the convergence of traditional MedTech and Consumer Wellness companies to (1) create larger market opportunities, and (2) bring innovative market/product solutions that benefit us all.
At MedWorld Advisors, we are encouraged by the continued growth of Digital Healthcare investments as represented by the record amount of money flowing into Digital Health in the first six months of 2021. There have already been 136 M&A deals in the Digital Health segment compared to 83 during the same time last year*. We will continue to see more Strategic Exits in this important market segment.
If you are innovating and have an emerging technology/company to sell, the market is hot! If you have an established company and are contemplating Exiting soon, now is the time to start looking at your Exit options. It does take time, but there is no shortage of opportunities.
We will be issuing a list of international deals/transactions for the first 6 months of 2021 in the near future.
Contact the MedWorld Advisors team if you have any questions!
*Source: Fierce Healthcare
