Private equity made the third-highest number of deals in the healthcare services space in 2023, but economic pressures led to a decline in add-on transactions. Firms announced or closed an estimated 788 deals last year, a year-over-year decline that still surpassed pre-pandemic levels, according to PitchBook’s Q4 2023 Healthcare Services Report. Activity was propped up by transactions for medspas, followed by cardiovascular groups. Typical deal size and structure have changed fundamentally under the pressure of high interest rates and a labor shortage spurred by the mass workforce exodus in the wake of the COVID-19 pandemic.
Read the full article: PE Braces Healthcare Services Deals as Add-Ons Fall //
Source: https://pitchbook.com/news/articles/pe-braces-healthcare-services-deals-as-add-ons-fall