It has been a relatively slow few years for healthcare dealmaking since 2021’s record-setting blitz—particularly as lower multiples make it difficult to justify exits. The state of play has contributed to a surge in restructuring—often involving physician practice management organizations—which, by reshaping balance sheets and creating more complex capital structures, can further complicate future exit strategies. But these shakeups also create new opportunities: as private equity (PE) firms await more attractive exit multiples, decisions can (and should) be made to reinvest prudently, and within the liquidity profile of the business, to maximize enterprise value.
Read the full article: Returning to Growth in Healthcare Services: How PE Firms Can Best Position Multisite Businesses for Growth //
Source: https://www.lexology.com/library/detail.aspx?g=9a718708-37d8-4d41-9f1e-e67c38799683