In 2011 the industry actually saw fewer transformational deals than we would have expected, given the attention paid to the sector of late. In fact, the three largest deals we saw weren’t one company buying another, but rather private equity firms buying their way into HCIT, suggesting, perhaps, that the market is more attractive to those outside it seeking to enter than to those who are already within and seeking to grow larger. Clearly, this wasn’t the rule, but it was definitely a trend.
