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Health Industry’s $1 Trillion War Chest to Drive 2020 Deal Boom, EY Says

  • Big biopharma, medical technology firms to drive deal activity
  • Biotech deals will focus on cell and gene therapy technology
The Startups Waging War Against Superbugs
Photographer: Samyukta Lakshmi/Bloomberg

The health industry’s more than $1 trillion in “firepower” should deliver another strong year for deals, a new report shows.

Big biotechnology firms and their medical technology brethren will be active dealmakers in 2020 as companies look to fuel needed growth, according to a report released Monday by professional services firm EY. Cell and gene therapy firms are expected to continue to dominate biotech deals. EY sees the potential for almost $300 billion in deals even without a repeat of 2019’s mega-mergers.