PE dealmaking in healthcare services declined an estimated 16.2% year-over-year in 2023, while platform deals hit a seven-year low as acquirers reeled from high interest rates and a prolonged labor crunch. Healthcare services companies made up 20% of leveraged loan default value in 2023, and large deals remain difficult to finance, according to PitchBook’s Q4 2023 Healthcare Services Report. In 2024, rainmakers will be closely following interest rate cuts and antitrust scrutiny targeted at PE healthcare services as they wait for more favorable exit opportunities.
Read the full article: PitchBook Q4 2023 Healthcare Services Report: A Frosty Winter for Private Equity in Healthcare Services //
Source: https://pitchbook.com/news/reports/q4-2023-healthcare-services-report