Changing to digitally enabled business models that emphasize patients and data will help global healthcare mergers and acquisitions become more agile, resilient, and innovative. Virtual health and other digital technologies are increasing patients’ participation in healthcare decision-making worldwide. Through public-private partnerships and alliances, data analytics is becoming increasingly important. Throughout the globe, mHealth, artificial intelligence (AI), virtual reality (VR), and telemedicine are becoming increasingly popular. In response to the changing market and consumer behaviors, companies must redevelop their operating and revenue models to remain competitive.
The development of healthcare mergers and acquisitions and well-being ecosystems that bring together multiple players is enormously complex, especially in a multi-player industry.
· Supporting the individual’s health journey through comprehensive platform environments
· Companies in consumer, tech, and electronics are already partnering, buying, or investing
System for delivering trust and good governance when it comes to capturing, storing, and giving access to data. It is becoming increasingly apparent that mergers and acquisitions (M&A) in the technology space are becoming increasingly effective as the fastest method of expanding digital capabilities in response to the rapid shift to digital health and the need for technology-enabled health services. As government regulations were eased, demand for digital technologies such as telehealth, artificial intelligence and analytics, and mobile health increased, making target areas for mergers and acquisitions even more attractive.
In Q1 2021, global mergers and acquisitions in digital health increased by 54% over the same period in 2020. Private equity groups and venture capitalists are continuing to play an important role in healthcare, which could lead to fierce competition for attractive assets. With mergers and acquisitions, companies can compete for assets in a wide range of sectors, including diagnostics, software and technology, providers, and payers. A parallel global scene can be drawn from the Indian government’s Digital India program, which has launched many mHealth initiatives to improve public healthcare efficiency and effectiveness; examples include:
· An application that tracks vaccines on the move
· Village-based voluntary health workers can benefit from audio training courses delivered through mobile phones
· digit Doctor: a health facility registry and a repository of patient health records for all doctors practicing traditional or modern medicine
· Inaccessible or remote areas, telemedicine projects are being implemented
· To enhance the electronic health ecosystem, IHIP is being established
There remain certain fundamental considerations for creating value despite the impact of the pandemic on health organizations around the world. Therefore, the current deal market demands that end-to-end patient care delivery, digital innovation, and the development of the right network of caregivers and capabilities remain integral components of strategy.