Americans spend so much on health care that it accounts for between 15% to 20% of the nation's gross domestic product. By some estimates, that number could balloon to 28% within two decades, so it's not surprising Wall Street wants to harness the rapidly growing segment of the nation's economy.

For some deal makers, the industry — encompassing a huge range of businesses, from hospitals to insurers and drug and device makers — will be a new find. For others, the underwriting of stock and debt, and providing M&A advice for health care businesses, has been a steady source of fee income that has gained in importance over the last two decades.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.