Strained debt markets and an ongoing labor crisis could yield a more muted dealmaking environment for health care services in the first half of 2023, industry sources tell Axios. As valuation expectations normalize from 2021 highs amid the growing overhang of undeployed private equity capital, the market will likely be busy in the second half of this year. The annual kickoff event for the sector M&A, also known as the J.P. Morgan Healthcare Conference, starts next week. Don’t expect a deal deluge in January, says Bain Capital head of health care Devin O’Reilly.
Read the full article: In Like a Lamb: Health Care Services M&A in 2023 //
Source: https://www.axios.com/pro/health-tech-deals/2023/01/05/health-care-services-mergers-quiet-q1-2023