Tech firms find niches in the health care space
The last two years have marked rapid growth in health care mergers and acquisitions. From merging hospitals to pharmaceutical companies buying small biotech startups, the medical field is rife with opportunity and examples of successful mergers. The key word is "solutions." Health care entities face a variety of challenges and problems that tech firms can provide solutions to fix, whether they set out to influence the medical space or not. Here are some categories where established health care firms might rely on tech companies to address needs:
- Data platforms. From accounts receivable to internal management systems, medical care facilities rely on technology to manage payments, schedules and statistics. Tech firms with a grasp of those key areas might become valuable assets to health care companies looking to enhance their operations.
- Science and medicine. Robotics, biochemistry, pharmaceuticals and other research and development areas are critical to finding new cures and treatments for diseases. Some of the most sought-after properties in the health care space provide innovative approaches to solving age-old problems in medicine. Consolidating those efforts with mergers and acquisitions can expedite research and enhance resources for worthy startups.
- Communications. Hospitals, pharmaceutical companies and every other entity in the medical field are under growing pressure to interface with the public in informative, dynamic ways. Startups with unique and appropriate approaches to communications can give those organizations a new outlet to send messages outwardly.
If your tech startup specializes in medicine or is even medicine-adjacent, a strong acquisition strategy could the key to meeting growth targets and making the greatest impact with your work. Contact us today to learn more about how a M&A advisor can guide your firm to a lucrative and rewarding deal.