M&A activity in the Physician Medical Group (PMG) sector fell in the first quarter of 2023 to 135 publicly announced deals. This drop represents a 14% decrease from Q4:22 and an approximate 4% decline from Q1:22, according to data captured in LevinPro HC. In addition to lower deal volume, disclosed spending decreased from previous quarters. Although activity fell in the first quarter, the presence of private equity firms stayed relatively stable. PE firms and their portfolio companies represented 61% of the acquirers in Q1:23 with 82 transactions. This compares to Q4:22 when PE accounted for 66% of buyers.
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Source: https://www.prweb.com/releases/physician_medical_group_m_a_activity_decreases_14_in_q1_23_according_to_data_from_irving_levin_associates_llc/prweb19279411.htm