Private equity dealmaking in healthcare IT jumped in Q3, putting 2024 on track to be one of the strongest years on record. Revenue cycle management (RCM) is at the forefront, attracting fierce competition with valuation multiples reaching well over 20x EBITDA. Interest is also rising in areas like remote patient monitoring and specialty cost containment, and niche sectors such as individual coverage health reimbursement arrangement (ICHRA) administration, an emerging market expanding at around 30% YoY. This PitchBook report highlights standout deals, including financing for the R1 RCM take-private, Surescripts fetching a staggering valuation, and major moves in payment integrity and DME tech.
Read the full article: Revenue Cycle Management: Private Equity’s Golden Asset in Healthcare IT Boom //
Source: https://pitchbook.com/news/reports/q3-2024-healthcare-it-pe-update