Health Services saw more than 1,200 deals in 2019 for the second year in a row, and ended strongly, with the tenth consecutive quarter of more than 250 deals. Long-Term Care was, again, the largest sub-sector by volume throughout 2019. Excluding megadeals in both 2018 and 2019, total deal value increased by 77%, with Q4 2019 representing the largest quarter in at least five years. The year also saw the end of a three-year IPO drought, with two IPOs in specialty areas. The sector-wide mean EV/EBITDA multiple saw an increase, to 15.1x, buoyed by Home Health & Hospice.
Read the full article: PwC: US Health Services Deals Insights Year-End 2019 //
Source: https://www.pwc.com/us/en/industries/health-industries/library/health-services-quarterly-deals-insights.html