On March 26, Mr. Pagnani discussed the tremendous volume in the healthcare M&A market with David Marcus on The Deal Pipeline. In the past three years, Healthcare has comprised at least 15 percent of M&A activity, driven in part by high confidence in the boardroom and the marketplace continuing to reward acquirer stocks after announcement. Mr. Pagnani talked specifically about pharmaceutical trends, the most active space in healthcare, as well as the effects of the Affordable Care Act on the industry.