An executive order recently signed by President Joe Biden could have a “chilling effect” on the white-hot mergers and acquisition space. UHY weighs in on the topic.
UHY LLP, a licensed CPA firm with offices in Columbia and Frederick, Md., provides state and local government services, including financial statements and grant audits, internal control and process improvements, cybersecurity assessments, forensic accounting, and enterprise risk management. Our firm’s public sector division is a well-recognized group of professionals with vast experience in servicing the unique requirements of its governmental clients. With our internal capabilities and years of experience, we have the capacity to serve governmental organizations throughout the state of Maryland. Our individualized, hands-on approach allows us to provide timely solutions for complex problems.
According to the UHY website:
“I think it will have a chilling effect. The bulge bracket kind of sets the stage for the middle market and below. If large corporates are sort of deterred from growing through M&A, the private equity at that upper end is going to take note. They’re not going to invest unless they have an exit strategy. If they believe they won’t be able to realize an investment, they’re unlikely to move forward on the front end.”
On a more local level, he said that the proposed merger between Grand Rapids-based Spectrum Health and Beaumont Health in Southfield makes for a “great example” of the type of deal that’s likely to draw scrutiny. The potential benefits of the deal, proposed last month, remain unclear, as Crain’s has previously reported.
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